Nissan Motor said on November 6 that it logged a net loss of 221.9 billion yen for the April-September period.

The Japanese automaker attributed the lackluster performance to poor sales and the heavy impact of the Trump tariffs in the first half of the current fiscal year.

The company that is undergoing restructuring posted an operating loss of 27.7 billion yen for the six-month period.

The effects of US President Donald Trump’s tariff policies pushed down the operating profit by 149.7 billion yen, which Nissan CEO Ivan Espinosa described as a strong headwind.

For the full fiscal year through next March, the car manufacturer forecasts a record annual operating loss of 275 billion yen.

Nissan said it has estimated a risk of about 25 billion yen over the suspension of shipments from a China-backed semiconductor maker based in the Netherlands.

The automaker plans to reduce production at two domestic plants starting November 10, cutting output by about 900 units.

The company has not disclosed its full-year net income forecast as it continues to review its operations under the restructuring plans.

Meanwhile, Nissan said it will sell its headquarters building in Yokohama for 97 billion yen to a special purpose company named MJI that includes Taiwan-based auto parts maker Minth Group.

Nissan officials said the transaction will be completed on December 12, and the company will simultaneously sign a 20-year lease agreement to maintain its headquarters functions at the building.

The carmaker plans to use the approximately 73.9 billion yen in profit from the sale for facility upgrades and digitalization of operations as the company continues efforts to rebuild its business.