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    7261   JP3868400007

MAZDA MOTOR CORPORATION

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COVID-19 impact could hit Japanese automakers' output in Oct

09/09/2021 | 12:03am EDT

TOKYO, Sept 9 (Reuters) - Disruptions to parts and components suppliers caused by the COVID-19 pandemic could force fresh production cuts at Japanese automakers in October, Akio Toyoda, the head of the auto industry lobby group, said on Thursday.

Japanese car companies have already had to cut production this month because of difficulties finding semiconductors and other components as the pandemic disrupts manufacturing around the world and drives up demand for chips from consumer electronic device makers.

"Depending on the manufacturer, we could see production cut to a lower level in October," said Toyoda, who leads the Japan Automobile Manufacturers Association and is President of Toyota Motor Corp, the country's biggest car maker.

Toyota slashed global production in September by 40% from planned levels, joining other big global automaker that have already slowed output to cope with the shortage.

The world's biggest automaker by sales volume said it would try to make up for lost production in order to meet a 9.3 million vehicles target in the year ending in March 31.

Other Japanese automakers that have struggled to overcome the shortage in components include, Nissan Motor Co, Honda Motor Co, Suzuki Motor Corp and Mazda Motor Corp. (Reporting by Tim Kelly; Editing by Richard Pullin)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. 1.37% 3477 End-of-day quote.20.83%
MAZDA MOTOR CORPORATION 1.96% 1043 End-of-day quote.50.72%
MITSUBISHI MOTORS CORPORATION 4.55% 368 End-of-day quote.69.59%
NISSAN MOTOR CO., LTD. 1.27% 587.8 End-of-day quote.4.96%
SUBARU CORPORATION 3.09% 2300 End-of-day quote.11.52%
SUZUKI MOTOR CORPORATION 2.22% 5149 End-of-day quote.7.67%
TOYOTA MOTOR CORPORATION 0.40% 1993.5 End-of-day quote.25.27%
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Analyst Recommendations on MAZDA MOTOR CORPORATION
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Financials
Sales 2022 3 369 B 29 478 M 29 478 M
Net income 2022 44 370 M 388 M 388 M
Net Debt 2022 47 486 M 415 M 415 M
P/E ratio 2022 15,0x
Yield 2022 1,49%
Capitalization 657 B 5 754 M 5 748 M
EV / Sales 2022 0,21x
EV / Sales 2023 0,20x
Nbr of Employees 49 786
Free-Float 92,2%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 1 043,00 JPY
Average target price 1 128,13 JPY
Spread / Average Target 8,16%
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Managers and Directors
Akira Marumoto President, Chief Executive Officer & Director
Tetsuya Fujimoto Managing Executive Officer & Head-Finance
Masamichi Kogai Chairman
Mitsuo Hitomi Head-Technology Research Center
Takeji Kojima Head-Research & Development Management
Sector and Competitors
1st jan.Capi. (M$)
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