Nissan Motor Co. is set to report a smaller-than-projected operating loss for the latest quarter, as the automaker reduces costs ahead of schedule, a person familiar with the matter said.

The accelerated cost cuts mean that the quarterly loss will be about ¥150 billion ($1.4 billion), said the person, who asked not to be identified because the information isn’t public. That’s less than analysts’ average prediction for a ¥253 billion loss for the fiscal period ending June.

The carmaker, which will report results Tuesday, is struggling to restore profitability and sales after the November 2018 arrest of its former Chairman Carlos Ghosn and because a lack of new models left it ill-prepared to face a downturn in global vehicle demand amid the coronavirus pandemic. After announcing its biggest loss in 20 years for the business year that ended March, Nissan unveiled plans to cut ¥300 billion in fixed costs, close production lines and slash capacity by 20 percent.