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

NISSAN MOTOR CO LTD

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Nissan Motor : to recall 150,000 more vehicles in Japan after improper inspections

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12/07/2018 | 05:05am EDT
The logo of Nissan is seen during the 87th International Motor Show at Palexpo in Geneva

TOKYO (Reuters) - Nissan Motor Co said on Friday it will recall 150,000 more vehicles in Japan due to improper final inspections before they were shipped from two Japanese manufacturing plants.

"Nissan has newly found several non-conformities that may have caused inaccurate pass/fail judgements," the carmaker said in a press release.

The latest "non-conformities" involved inspections of brakes, steer wheels, speed measurements and vehicle stability, the company said.

Nissan has already revealed several other cases of improper inspections over the past year. The automaker had said in July that sample testing for emissions and fuel economy in final inspections at most of its factories in Japan did not meet domestic standards.

Since October last year, Nissan has recalled more than 1 million vehicles in Japan because of improper inspections.

(Reporting by Tim Kelly, Editing by Sherry Jacob-Phillips)

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Financials (JPY)
Sales 2020 11 234 B
EBIT 2020 260 B
Net income 2020 245 B
Debt 2020 6 676 B
Yield 2020 5,50%
P/E ratio 2020 12,5x
P/E ratio 2021 8,54x
EV / Sales2020 0,86x
EV / Sales2021 0,85x
Capitalization 3 034 B
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Mean consensus HOLD
Number of Analysts 22
Average target price 814  JPY
Last Close Price 775  JPY
Spread / Highest target 90,9%
Spread / Average Target 4,97%
Spread / Lowest Target -32,9%
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NameTitle
Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Hiroshi Karube Chief Financial Officer
Takao Asami Senior Managing Executive Officer & Head-Research
Anthony Thomas Chief Information Officer & Corporate VP
Carlos Ghosn Bichara Director
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