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Beleaguered Nissan Sells Yokohama HQ Building To Raise Cash - Leases It Back For 20 Years
Japanese carmaker Nissan has finalised the sale of its global headquarters building in Yokohama for ¥97 billion (₹5,594 crore), as it looks to raise cash as part of its ongoing restructuring and capital-efficiency programme.
Nissan sold its headquarters to MJI Godo Kaisha and has signed an agreement to lease back the building for 20 years. MJI Godo is a special-purpose trust owned by the Minth Group, a major auto parts maker that is listed in Hong Kong.
Nissan's headquarters, completed in 2009 along the Yokohama waterfront, houses Nissan's executive offices and global business divisions. Under the new structure, property ownership transfers to the buyer while Nissan retains full usage rights through the long-term leaseback arrangement. The automaker has confirmed the Yokohama site will remain its global headquarters, continuing to oversee strategic operations, product development, and corporate governance.
Nissan stated the transaction will generate approximately ¥73.9 billion (₹4,262 crore) as gains from the sale of the building for the fiscal year ending March 31, 2026. The automaker said the proceeds will enhance liquidity and help fund future development programmes under its transformation strategy, Re:Nissan, a broad restructuring initiative focused on improving financial strength, supporting product electrification, and increasing shareholder value.
Nissan has emphasised that selling non-core assets would improve balance-sheet flexibility and reduce fixed costs amid an evolving global automotive landscape. The company reiterated that core manufacturing and R&D activities in Japan would remain unaffected by the deal.
The sale arrives as Nissan navigates a period of weakened earnings. In its latest results, the Japanese automaker reported a ¥221.9 billion (₹11,860 crore) loss for the first half of FY 2025 and a ¥670.9 billion (₹35,900 crore) loss for the previous fiscal year, driven by declining sales and restructuring costs. As part of its asset-optimisation efforts, Nissan has also evaluated other real-estate holdings in Japan and abroad to streamline its use of capital.
Ivan Espinosa, Nissan's president and chief executive, stated: "Our first-half results reflect the challenges we face, yet they confirm that Nissan is firmly on the path to recovery. The second half will bring its own hurdles, but with focus, discipline, and the actions underway, I am confident we will deliver stronger results. Balancing optimism with prudent risk management under Re:Nissan, we are accelerating toward the future-prioritizing new products, key markets, and breakthrough technologies that will define Nissan's next chapter."
Nissan's sale of its headquarters shows just how dire the situation is at the Japanese carmaker. In India, where the carmaker is preparing its upcoming Tekton C-SUV for launch, Nissan had sold its share of the Renault-Nissan group plant in Tamil Nadu to its French alliance partner as part of its Re:Nissan restructuring program.
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