Nissan reported deeper losses for the latest quarter through December, blaming costs from restructuring and pointing to tariff-driven headwinds as it tries to steer a turnaround. The company said Thursday it posted a 28.3 billion yen ($185 million) loss for the October-December period, about double the 14 billion yen loss it recorded a year earlier, as profitability was pressured by steps aimed at cutting costs and reshaping operations.

In the same results, Nissan said quarterly sales slipped 6% to nearly 3 trillion yen ($19.6 billion), down from 3.2 trillion yen in the year-ago quarter. Nissan is based in Yokohama and sells vehicles including the Leaf electric car, along with Infiniti luxury models.

Asked about the performance in the context of its restructuring, Nissan Chief Executive Ivan Espinosa told reporters, “Unfortunately, when you do restructuring, there are costs that are incurred,” adding, “In a way, it is expected.” Espinosa said Nissan was on the right track, while also acknowledging external pressures that could weigh on demand.

Espinosa said Nissan faces headwinds from President Donald Trump’s tariffs and other pressures on sales. He also said Nissan needs to do more to win over consumers to electric vehicles, while characterizing its outlook for the next Leaf model as optimistic.

Nissan also laid out a multi-year recovery goal tied to its cost-cutting and production changes. The company said it is hoping to achieve an operating profit by the end of fiscal 2026, while expecting an operating loss for the current fiscal year.

For the fiscal year through March, Nissan projected a 650 billion yen ($4.2 billion) net loss. The company has been pursuing reductions that include slashing jobs and selling its headquarters building, and it said it is closing its flagship factory in Oppama, Japan, as part of global production restructuring efforts.

In Japan, some analysts have raised concerns that electric-vehicle popularity is subsiding, a shift they say could complicate automakers’ EV plans. Nissan’s comments acknowledged that competitive environment while still emphasizing battery development and product work, including new kinds of batteries, as it seeks to keep EV sales momentum.

Nissan shares rose 0.5% on Thursday after the results were released, after having slipped over the past year. Nissan also operates partnerships that include its alliance with French automaker Renault and its ties with smaller Japanese automaker Mitsubishi Motors Corp.