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    7211   JP3899800001

MITSUBISHI MOTORS CORPORATION

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

09/29/2020 | 02:00am EDT

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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -2.08% 3535 End-of-day quote.22.85%
MAZDA MOTOR CORPORATION -2.96% 984 End-of-day quote.42.20%
MITSUBISHI MOTORS CORPORATION -2.60% 300 End-of-day quote.38.25%
NISSAN MOTOR CO., LTD. -2.99% 545.3 End-of-day quote.-2.63%
SUBARU CO., LTD. -0.22% 4550 End-of-day quote.1.11%
SUZUKI MOTOR CORPORATION -1.19% 4551 End-of-day quote.-4.83%
TOYOTA INDUSTRIES CORPORATION -1.83% 9630 End-of-day quote.17.58%
TOYOTA MOTOR CORPORATION -3.88% 9833 End-of-day quote.23.58%
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Financials
Sales 2021 1 450 B 13 152 M 13 152 M
Net income 2021 -315 874 M -2 866 M -2 866 M
Net Debt 2021 20 881 M 189 M 189 M
P/E ratio 2021 -1,41x
Yield 2021 -
Capitalization 446 B 4 047 M 4 048 M
EV / Sales 2021 0,32x
EV / Sales 2022 0,20x
Nbr of Employees 32 171
Free-Float 44,2%
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Technical analysis trends MITSUBISHI MOTORS CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 13
Average target price 291,92 JPY
Last Close Price 300,00 JPY
Spread / Highest target 13,3%
Spread / Average Target -2,69%
Spread / Lowest Target -30,0%
EPS Revisions
Managers and Directors
NameTitle
Takao Kato President, Chief Executive Officer & Director
Koji Ikeya CFO, Executive VP, Head-Finance & Accounting
Osamu Masuko Chairman & Representative Executive Officer
Masao Kuruma Chief Information Officer & Executive Officer
Yosuke Wakabayashi GM-Administration & Head-Domestic Sales
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI MOTORS CORPORATION38.25%4 047
TOYOTA MOTOR CORPORATION23.58%249 345
VOLKSWAGEN AG43.29%153 095
DAIMLER AG33.38%97 763
GENERAL MOTORS COMPANY41.11%85 241
BAYERISCHE MOTOREN WERKE AG25.92%70 084