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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nissan Motor Co., Ltd.    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Japanese automakers' April sales halved

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05/28/2020 | 10:38am EDT

Global auto sales for Japanese carmakers halved in April as the coronavirus pandemic forced governments to impose lockdowns that left streets empty and showrooms deserted.

Japan's top eight automakers together posted a decline of 50.1% in April sales, according to a Reuters calculation.

Toyota Motor's worldwide sales including units Daihatsu and Hino fell 45% to 472,703 vehicles - the fourth straight month of declines. Toyota's performance was dragged down by a 51% slump in sales outside Japan.

Japan's largest automaker this month said it expected profit this year to drop by 80% to its lowest in nine years, underscoring the challenge that even the most profitable carmakers are having to contend with during the pandemic.

Auto sales have slumped all around the world, including the two biggest markets, China and the United States.

While China reported an upturn in April auto sales from a year earlier by virtue of pent up demand after weeks of lockdown, annual sales could still fall by 15-25%.

Auto retail sales in the United States are likely to have halved in April, according to analytics firm J.D. Power. However, sales in May are expected to improve as most carmakers offer attractive incentives to boost demand as lockdowns ease.

Honda Motor's global April sales fell 43% and Nissan Motor sold nearly 42% fewer cars than the same month last year.

Nissan on Thursday posted its first annual loss in 11 years and unveiled a plan to become a smaller, more cost-efficient automaker.

(This story corrects headline, first paragraph to remove "more than"; corrects figure in second paragraph to 50.1% from 54.4%)

(Reporting by Yuki Nitta in Tokyo and Sayantani Ghosh in Singapore, Editing by William Maclean)

Stocks mentioned in the article
ChangeLast1st jan.
HINO MOTORS, LTD. 0.28% 711 End-of-day quote.-38.81%
HONDA MOTOR CO., LTD. 1.85% 2749.5 End-of-day quote.-11.28%
NISSAN MOTOR CO., LTD. 1.48% 398.5 End-of-day quote.-37.35%
NITTA CORPORATION -1.20% 2224 End-of-day quote.-31.57%
THE GLOBAL LTD. -0.96% 207 End-of-day quote.-56.05%
TOYOTA INDUSTRIES CORPORATION 1.07% 5670 End-of-day quote.-10.43%
TOYOTA MOTOR CORPORATION 1.82% 6777 End-of-day quote.-12.15%
WORLD CO., LTD. -2.20% 1514 End-of-day quote.-43.74%
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Financials
Sales 2020 9 978 B 92 756 M 92 756 M
Net income 2020 -91 680 M -852 M -852 M
Net Debt 2020 6 730 B 62 558 M 62 558 M
P/E ratio 2020 -47,3x
Yield 2020 2,79%
Capitalization 1 559 B 14 494 M 14 492 M
EV / Sales 2019
EV / Sales 2020 0,83x
Nbr of Employees 138 893
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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TrendsNeutralNeutralBearish
Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 20
Average target price 468,13 JPY
Last Close Price 398,50 JPY
Spread / Highest target 271%
Spread / Average Target 17,5%
Spread / Lowest Target -29,7%
EPS Revisions
Managers
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Yasushi Kimura Chairman
Ashwani Gupta COO & Representative Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Anthony Thomas Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-37.35%14 297
TOYOTA MOTOR CORPORATION-12.15%171 345
VOLKSWAGEN AG-24.35%78 488
HONDA MOTOR CO., LTD.-11.28%43 377
DAIMLER AG-27.77%42 967
BMW AG-23.16%40 855