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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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Nissan to launch 7 models in Africa to pursue growth

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06/29/2020 | 05:47am EDT
FILE PHOTO: Nissan Motor's logo is pictured at its headquarters in Yokohama

Nissan Motor Co aims to launch seven new models in Africa over the next two years, company executives said on Monday, as the Japanese automaker seeks to focus on high-growth markets to try to weather the impact of the COVID-19 crisis.

The company announced a plan last month to cut the number of models it makes globally and improve efficiency after the pandemic triggered its first annual loss in 11 years.

Nissan will expand its SUV and cross-over portfolio in Africa with seven new models, of which four will be in the SUV (sports utility vehicle) category, Shinkichi Izumi, managing director at Nissan South Africa, said.

It plans to make Africa a hub for light commercial vehicles (LCV), will increase production of its popular Navara pick-ups and open plants in Ghana and Kenya, Izumi said.

He did not disclose details of the investment and levels of production for the region, although Nissan said last year it would spend 3 billion rand ($174.07 million) on its Navara model.

"We are going to locally produce the new Navara model and we are also looking at export," Guillaume Cartier, Chairman for Nissan's Africa, Middle East, and India (AMI) region, told a media call.

($1 = 17.2344 rand)

(Reporting by Promit Mukherjee; editing by Barbara Lewis)

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.65% 464.89 Delayed Quote.-13.72%
DOW JONES SOUTH AFRICA(ZAR) 0.41% 1705.6 Delayed Quote.-5.82%
IZUMI CO., LTD. 20.86% 4055 End-of-day quote.3.05%
NISSAN MOTOR CO., LTD. 7.25% 418.6 End-of-day quote.-34.19%
S&P AFRICA 40 INDEX 0.46% 154.2 Delayed Quote.-11.43%
UNITED PARCEL SERVICE -0.65% 118.38 Delayed Quote.1.84%
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Financials
Sales 2021 8 086 B 75 476 M 75 476 M
Net income 2021 -235 755 M -2 201 M -2 201 M
Net Debt 2021 6 233 B 58 182 M 58 182 M
P/E ratio 2021 -6,95x
Yield 2021 0,21%
Capitalization 1 737 B 16 249 M 16 212 M
EV / Sales 2020
EV / Sales 2021 0,99x
Nbr of Employees 136 134
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 20
Average target price 450,00 JPY
Last Close Price 418,60 JPY
Spread / Highest target 254%
Spread / Average Target 7,50%
Spread / Lowest Target -42,7%
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
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