Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Isuzu Motors Limited
  6. News
  7. Summary
    7202   JP3137200006

ISUZU MOTORS LIMITED

(7202)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toyota, Isuzu revive capital tie-up with focus on connected trucks

03/24/2021 | 05:12am EDT
Isuzu Motors' MU-X is pictured at the 45th Tokyo Motor Show in Tokyo

TOKYO (Reuters) - Toyota Motor Corp and Isuzu Motors Ltd announced a capital alliance on Wednesday, reviving a partnership to bolster their competitive edge in connected, commercial vehicles.

Toyota truck unit Hino Motors Ltd will join in the pact to jointly develop small commercial trucks of the future, including connected vehicles and fuel cell technologies, the automakers said.

Connected vehicles can share internet access and data with devices outside the vehicle, making them more efficient.

Under the deal, Toyota will acquire 39 million treasury shares in Isuzu, worth 42.8 billion yen ($393.89 million), taking a 4.6% stake, the automakers said.

Toyota and Isuzu in 2018 dissolved a previous, 12-year capital tie-up that had focused on diesel engines.

The move on Wednesday comes as traditional automakers face growing competition from tech giants and other rivals developing electric and driverless cars.

Toyota Motor President Akio Toyoda said the push for electric vehicles and carbon neutrality gave the companies a reason to get together again.

"We had tried to jointly develop small diesel engines together... but we didn't really identify specific projects much, and we decided to split and find our own ways," he told a news conference. "But then EV became a new common ground for us again, where common research and development could take place."

For Isuzu, the new partnership with Hino made "perfect sense for our customers," said its President Masanori Katayama, adding that the two companies account for 80% of the commercial vehicles market in Japan.

"Certainly, this partnership of Isuzu and Hino will make sense in revolutionising logistics business overall," he said.

While Isuzu and Hino remain competitors, they could also work together in some of the areas that users are most interested in, the Toyota president said.

The three companies will also set up a new joint venture, Commercial Japan Partnership Technologies Corporation, with Toyota owning 80% and the others owning 10% each.

The company, which will begin operation in April, will implement projects such as introducing fuel cell electric vehicle trucks at events in Fukushima prefecture.

Toyota shares fell 2.2%, mostly in line with the broader Tokyo stock market, but shares of Isuzu Motors Ltd ended up 5.4%. Hino Motors Ltd finished Wednesday trade down 1%.

($1 = 108.6600 yen)

(Reporting by Chang-Ran Kim, Eimi Yamamitsu; Editing by Christopher Cushing, Kim Coghill and Gerry Doyle)

By Eimi Yamamitsu


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HINO MOTORS, LTD. -0.80% 1114 End-of-day quote.26.73%
ISUZU MOTORS LIMITED -0.20% 1497 End-of-day quote.52.76%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED -0.29% 339 End-of-day quote.24.63%
TOYOTA INDUSTRIES CORPORATION -0.52% 9560 End-of-day quote.16.73%
TOYOTA MOTOR CORPORATION 0.00% 1983.5 End-of-day quote.24.64%
All news about ISUZU MOTORS LIMITED
09/29ISUZU MOTORS LIMITED : Ex-dividend day for interim dividend
FA
09/13Japan's Nikkei 225 Up 0.2% on Outlook for New Government Stimulus
MT
08/18Toyota Zimbabwe Maintains Larger New Vehicle Market Share
AQ
08/05Isuzu Swings Back to Profit in Fiscal Q1; Shares Fall 3%
MT
08/04ISUZU MOTORS : FY2022 Consolidated Financial Results (Japan GAAP)
PU
08/04Isuzu Motors Limited Reports Consolidated Earnings Results for the First Quarter Ended ..
CI
08/04Isuzu Motors Limited Provides Earnings Guidance for the Year Ending March 31, 2022
CI
08/04Isuzu Motors Limited Provides Dividend Guidance for Second Quarter and Fiscal Year 2022
CI
07/29Hino Motors to Sell Isuzu Motors Diesel Trucks in North America
DJ
07/22VIDEO : Joint Press Conference by Suzuki Motor Corporation, Daihatsu Motor Co., Ltd. and T..
AQ
More news
Analyst Recommendations on ISUZU MOTORS LIMITED
More recommendations
Financials
Sales 2022 2 521 B 22 213 M 22 213 M
Net income 2022 113 B 999 M 999 M
Net cash 2022 77 153 M 680 M 680 M
P/E ratio 2022 9,97x
Yield 2022 3,90%
Capitalization 1 163 B 10 223 M 10 242 M
EV / Sales 2022 0,43x
EV / Sales 2023 0,40x
Nbr of Employees 36 224
Free-Float 77,3%
Chart ISUZU MOTORS LIMITED
Duration : Period :
Isuzu Motors Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ISUZU MOTORS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 1 497,00 JPY
Average target price 1 799,29 JPY
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Masanori Katayama President & Representative Director
Naoto Nakamata Group Chief Financial Officer
Shinichi Takahashi Director, Vice President & GM-Technology
Mitsuyoshi Shibata Independent Outside Director
Kozue Nakayama Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
ISUZU MOTORS LIMITED52.76%10 223
TOYOTA MOTOR CORPORATION24.64%241 593
VOLKSWAGEN AG28.66%142 527
DAIMLER AG42.08%102 180
GENERAL MOTORS COMPANY38.74%83 866
GREAT WALL MOTOR COMPANY LIMITED27.82%73 586