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MarketScreener Homepage  >  Equities  >  Tokyo  >  Isuzu Motors Ltd    7202   JP3137200006

ISUZU MOTORS LTD

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Isuzu Motors : to open a vehicle assembly plant in Ethiopia

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05/25/2019 | 09:01pm EDT

APA-Addis Ababa (Ethiopia) Isuzu Motors Ltd said it has finalized preparations to open a vehicle assembly plant in Ethiopia in August 2019.

Mr. Taro Kunifusa, General Manger of the company, announced the plan on Saturday during the talk he had with Ambassador of Ethiopia to Japan, Kassa Tekleberhan.

A Japanese vehicle manufacturer, Isuzu Motors supplies a wide range of products to the Ethiopian market, trucks in particular.

“We want to engage in other investment sectors to take advantage of Ethiopia huge market potential. We have finalized preparations to open a vehicle assembly plant in August 2019” he said.

Ambassador Kassa assured the company of government’s commitment to provide the support the company needed to set up an assembly plant.

The ambassador also briefed other officials of the company about the investment opportunities in Ethiopia, according to Ethiopian Embassy in Tokyo.

MG/abj/APA

(c) 2019 Agence de Presse Africaine (APAnews). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (JPY)
Sales 2020 2 201 B
EBIT 2020 -
Net income 2020 114 B
Finance 2020 89 507 M
Yield 2020 3,23%
P/E ratio 2020 8,26
P/E ratio 2021 7,49
EV / Sales 2020 0,43x
EV / Sales 2021 0,40x
Capitalization 1 044 B
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Mean consensus HOLD
Number of Analysts 16
Average target price 1 498  JPY
Spread / Average Target 22%
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Managers
NameTitle
Masanori Katayama President & Representative Director
Susumu Hosoi Chairman
Makoto Kawahara Director & Senior Managing Executive Officer
Hiroshi Nakagawa Director & Senior Managing Executive Officer
Hiroyuki Maekawa Independent Outside Director
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