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

NISSAN MOTOR CO., LTD.

(7201)
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Nissan Motor : gives workers 2 unpaid days off as US sales slump

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12/05/2019 | 04:05pm EST

FRANKLIN, Tenn.Nissan Motor Co. is making its U.S. factory and office employees take two days off without pay amid slumping sales.

The company's U.S. sales this year are down 7.8% through November.

Nissan says nearly all of its 21,000 U.S. workers must take Jan. 2 and 3 off without compensation. A company statement says the furloughs will “optimize business performance and competitiveness."

All of Nissan'sU.S. factories and offices will be affected by the furloughs including the North American headquarters in Franklin, Tennessee, near Nashville. Nissan and Infiniti dealerships will remain open.

Most Nissan and Infiniti luxury brand models in the U.S. are in a sales slump, including the company's top seller, the Nissan Rogue compact SUV, with sales down 12.6% so far this year.

Nissan's profit from July through September was half of what it earned a year ago. The company's sales and brand power have crumbled following the November 2018 arrest of former Chairman Carlos Ghosn. Allegations against him include underreporting of his compensation and breaching trust by making dubious payments.

Last summer the Japanese automaker said it would cut 12,500 jobs, or about 9% of its global workforce, to pare costs and turn around its business.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (JPY)
Sales 2020 10 628 B
EBIT 2020 149 B
Net income 2020 130 B
Debt 2020 6 610 B
Yield 2020 3,18%
P/E ratio 2020 18,7x
P/E ratio 2021 9,22x
EV / Sales2020 0,86x
EV / Sales2021 0,83x
Capitalization 2 482 B
Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 739,67  JPY
Last Close Price 634,40  JPY
Spread / Highest target 133%
Spread / Average Target 16,6%
Spread / Lowest Target -10,2%
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
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