Nissan, based in the port city of Yokohama, said it recorded a 3.8 billion yen ($24 million) net profit from April to June, a reversal from the 115.8 billion yen loss it racked up in the same period of 2025. Quarterly sales totaled 2.96 trillion yen ($19 billion), up 9.5% from 2.7 trillion yen a year earlier. But difficulties remain in some global markets like the Middle East, while sales were growing in the U.S. and Japan, he said. The war in Iran has recently effectively closed the Strait of Hormuz, a key route for Japan’s exports to the Middle East. Nissan stuck to its earlier forecasts for a 20 billion yen ($127 million) profit on 13 trillion yen ($83 billion) in sales in this fiscal year.