TOKYO (Kyodo) -- Nissan Motor Co. said Thursday it expects a net loss of 650 billion yen ($4.25 billion) for the business year through March due to restructuring costs, which would mark the second straight year of red ink.

Nissan, which has not disclosed a net-level earnings forecast for the full business year, raised its sales outlook to 11.9 trillion yen from the previously estimated 11.7 trillion yen.

The automaker, which booked a net loss of 670.90 billion yen the previous year, has been undertaking massive streamlining efforts in a bid to restore its profitability. Measures include consolidating the number of its factories from 17 to 10 and cutting 20,000 jobs globally by fiscal 2027.

For the nine months to December, the company reported a net loss of 250.22 billion yen, compared to a year-earlier profit of 5.15 billion yen, and an operating loss of 10.11 billion yen against a profit of 64.01 billion yen the previous year, as the impact of higher U.S. tariffs and poor sales weighed.

Nissan withheld releasing a detailed breakdown of restructuring costs, with CEO Ivan Espinosa only saying at a press conference that the pace in reducing the company's workforce is progressing "a bit ahead of schedule."

The automaker said its global sales fell 5.8 percent to 2.26 million units, with its performance particularly sluggish in Japan.

Nearly one year after Nissan's merger talks with Honda Motor Co. broke down, Espinosa said that while there are no concrete talks on a capital partnership, the two automakers are collaborating in the U.S. market.

He added that Nissan is "focusing on finding projects that bring win-win" results to both companies, and that the automakers are focused on how to work together in North America "given the difficult environment that we have with tariffs" imposed by U.S. President Donald Trump.