Nissan Motor Co. forecast an operating profit well above consensus estimates, an early indication that cost-cutting measures are helping to alleviate the carmaker’s cash-strapped financial position.

The company on Wednesday issued an outlook for ¥200 billion ($1.3 billion) in profit for the fiscal year ending March 2027, exceeding analysts’ average projection for ¥119 billion as well as the ¥58 billion it posted for the last fiscal year. The carmaker also booked a ¥240 billion impairment charge for the previous period.