Nissan Sells Yokohama Headquarters in ¥97 Billion Deal as Part of Global Restructuring

Nissan Motor Co. has finalized a ¥97 billion ($643 million) sale-and-leaseback agreement for its global headquarters in Yokohama, Japan, marking a key move in the automaker’s ongoing business restructuring strategy. The company announced on Thursday that it expects to record approximately ¥73.9 billion in extraordinary income from the transaction during the current fiscal year, which ends in March 2026.

According to Nissan, the buyer of the trust beneficiary rights for the land and building is MJI Godo Kaisha. The automaker has also entered a 20-year lease agreement with Mizuho Trust & Banking, ensuring it will continue operating from the same site. While Nissan did not disclose the lease payment amount, it noted that the property buyer requested confidentiality on financial details.

Bloomberg News previously reported that a special purpose company (SPC) sponsored by Hong Kong-listed auto parts manufacturer Minth Group and managed by a KKR & Co. affiliate acquired the property for around ¥90 billion. Sources close to the matter told Reuters in August that KKR had been the leading bidder for Nissan’s Yokohama headquarters, reinforcing the firm’s growing presence in Japan’s corporate real estate market.

The sale underscores Nissan’s focus on strengthening its financial base and optimizing asset utilization as it continues its global transformation plan. The move is also seen as part of the company’s broader efforts to streamline operations and reallocate capital toward innovation, electrification, and sustainable mobility solutions.

Nissan is scheduled to release its earnings report for the first half of the fiscal year ending September later on Thursday, offering further insights into the company’s financial outlook and progress under its restructuring initiatives.