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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Motors Corporation    7211   JP3899800001

MITSUBISHI MOTORS CORPORATION

(7211)
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Japan automakers post 14% drop in August global sales

09/29/2020 | 02:00am EST

TOKYO, Sept 29 (Reuters) - Japanese automakers saw a 14% drop in global vehicles sales in August, the sixth straight month of losses, as the coronavirus pandemic continued to sap demand even after factories and dealerships reopened.

The country's seven major automakers, including Toyota Motor Corp and Nissan Motor Co, sold a combined 1.97 million vehicles last month, according to Reuters calculations based on sales data released by the companies on Tuesday.

The decline in monthly sales has slowed significantly since a 50% slump in April, while only Suzuki Motor Corp posted a 2.2% increase in August sales.

Total global production at Japan's seven major automakers fell 14% year-on-year to 1.84 million units last month, barely drifting from a 14.4% dip in July.

Global demand for cars has been weak since March due to virus-related lockdowns in many countries that kept people away from dealerships. A second wave of infections has forced some countries to impose tighter restrictions on peoples' movements again.

Industry experts anticipate that it could take up to five years for demand to recover to pre-pandemic levels. (Reporting by Tim Kelly; Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -2.00% 2996 End-of-day quote.-3.32%
MAZDA MOTOR CORPORATION 0.15% 670 End-of-day quote.-28.57%
MITSUBISHI MOTORS CORPORATION -2.96% 197 End-of-day quote.-56.99%
NISSAN MOTOR CO., LTD. -1.97% 527.6 End-of-day quote.-17.06%
SUBARU CO., LTD. 0.69% 4350 End-of-day quote.-7.05%
SUZUKI MOTOR CORPORATION 0.74% 5690 End-of-day quote.24.59%
TOYOTA INDUSTRIES CORPORATION 0.65% 7770 End-of-day quote.22.75%
TOYOTA MOTOR CORPORATION -0.67% 7301 End-of-day quote.-5.35%
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Financials
Sales 2021 1 502 B 14 433 M 14 433 M
Net income 2021 -292 642 M -2 811 M -2 811 M
Net Debt 2021 211 B 2 030 M 2 030 M
P/E ratio 2021 -0,98x
Yield 2021 -
Capitalization 292 B 2 805 M 2 803 M
EV / Sales 2021 0,33x
EV / Sales 2022 0,21x
Nbr of Employees 32 171
Free-Float 44,3%
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Technical analysis trends MITSUBISHI MOTORS CORPORATION
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 230,86 JPY
Last Close Price 196,00 JPY
Spread / Highest target 78,6%
Spread / Average Target 17,8%
Spread / Lowest Target -33,7%
EPS Revisions
Managers
NameTitle
Takao Kato Chief Executive Officer & Director
Osamu Masuko Chairman & Representative Executive Officer
Koji Ikeya CFO, Executive VP, Head-Finance & Accounting
Masao Kuruma Chief Information Officer & Executive Officer
Shunichi Miyanaga Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI MOTORS CORPORATION-56.99%2 812
TOYOTA MOTOR CORPORATION-5.35%195 776
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DAIMLER AG13.61%71 446
GENERAL MOTORS COMPANY24.21%65 067
BMW AG1.35%56 900