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MarketScreener Homepage  >  Equities  >  Tokyo  >  Honda Motor Co., Ltd.    7267   JP3854600008

HONDA MOTOR CO., LTD.

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Honda's China sales likely to catch U.S. sales in two-three years: CEO

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04/12/2019 | 12:41am EST
FILE PHOTO: Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo

WUHAN, China (Reuters) - Honda's sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company's chief executive said on Friday.

Takahiro Hachigo made the comments to a small group of reporters after the official opening of a new plant in Wuhan.

Hachigo said that the catch-up could happen "soon", later clarifying to Reuters that he was referring to a two-to-three-year time period.

"We would like China sales to overtake the U.S.," he said, adding that the company did not expect U.S. sales to increase significantly.

Honda's manufacturing capacity in China could be expanded if necessary, he added.

Honda last year sold roughly 1.7 million vehicles in the United States and 1.4 million in China.

(Reporting by Norihiko Shirouzu in Wuhan; writing by Yilei Sun in Shanghai; editing by Richard Pullin)

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Financials (JPY)
Sales 2020 15 196 B
EBIT 2020 736 B
Net income 2020 619 B
Debt 2020 3 825 B
Yield 2020 3,59%
P/E ratio 2020 8,86x
P/E ratio 2021 7,83x
EV / Sales2020 0,61x
EV / Sales2021 0,66x
Capitalization 5 498 B
Technical analysis trends HONDA MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 3 348,75  JPY
Last Close Price 3 134,00  JPY
Spread / Highest target 31,8%
Spread / Average Target 6,85%
Spread / Lowest Target -13,8%
EPS Revisions
Managers
NameTitle
Takahiro Hachigo President, CEO, Representative Director, Head-R&D
Toshiaki Mikoshiba Chairman & Head-External Affairs
Seiji Kuraishi COO, Representative Director, VP & GM-Automobile
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yusuke Hori Executive Officer & GM-Information Technology
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