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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 : to close U.S. operations for two days next month

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12/05/2019 | 01:15pm EST
FILE PHOTO: A Nissan logo is pictured at the Tokyo Motor Show, in Tokyo

Japan's No. 2 automaker Nissan Motor Co said on Thursday its U.S. unit would halt operations for two days next month, as the company tries to reverse a slide in profitability in the country.

The company has been trying to cut costs after its profit plunged this fiscal year, hit by a stronger yen and falling sales in China and the United States. It was even forced to slash its forecast for operating income to an 11-year low.

"To optimize business performance and competitiveness, Nissan North America will implement two office closure days in the U.S. on January 2 and January 3, 2020," Nissan said in a statement. 

The closure, however, would not affect dealers including those of its Infiniti brand, the company said.  

Automotive News had earlier reported that Nissan was putting the entire U.S. organization on two days of unpaid furlough next month and cutting employee travel expenses by half, effective immediately, citing a memo to employees.

The closure will affect the company's headquarters in suburban Nashville and assembly plants in Smyrna and Decherd, Tennessee and Canton, Mississippi, the report said.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)

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Financials (JPY)
Sales 2020 10 631 B
EBIT 2020 150 B
Net income 2020 131 B
Debt 2020 6 583 B
Yield 2020 3,28%
P/E ratio 2020 18,6x
P/E ratio 2021 9,23x
EV / Sales2020 0,85x
EV / Sales2021 0,83x
Capitalization 2 484 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 23
Average target price 732,32  JPY
Last Close Price 634,80  JPY
Spread / Highest target 133%
Spread / Average Target 15,4%
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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