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    7211   JP3899800001

MITSUBISHI MOTORS CORPORATION

(7211)
  Report
Delayed Japan Exchange  -  08:02 2022-12-04 pm EST
579.00 JPY   -1.70%
12/02Stronger Yen Sends Export Issues, Tokyo Shares Lower
MT
12/01Japan's Nikkei plunges 2% as yen rise clobbers exporters
RE
11/29Mitsubishi Motors : Announces Production, Sales and Export Figures for October 2022
PU
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Japan's Nikkei tracks Wall St higher before U.S. CPI; Nintendo jumps

09/13/2022 | 03:00am EST

TOKYO, Sept 13 (Reuters) - Japan's Nikkei share average closed higher on Tuesday, tracking Wall Street and led by gains in video game maker Nintendo, even as caution prevailed ahead of a key U.S. inflation report.

The Nikkei finished 0.25% higher at 28,614.63 after rising to 28,659.76, its highest since Aug. 26, earlier in the day. Of the index's 225 components, 128 rose, 86 fell and 11 closed flat.

The broader Topix rose 0.32% to 1,986.57.

The U.S. S&P 500 rallied more than 1% overnight leading up to Tuesday's consumer price index report, which will be scrutinised for clues on how aggressive the Federal Reserve's policy tightening campaign will be going forward.

Energy was the Nikkei's best performing sector, gaining 0.85% as crude continued its rebound from multi-month lows amid supply concerns heading into the northern hemisphere winter.

Nintendo was the Nikkei's top performer, climbing 5.51% after it reported record domestic launch sales for its shooter "Splatoon 3" on the Switch console, outpacing the debut of hit title "Animal Crossing: New Horizons."

Travel-related shares gained after a report said on Monday that Japan was planning to waive tourist visa requirements from some countries as part of a further easing of border controls.

Travel agency H.I.S. added 3.88% and airline ANA Holdings rose 2.07%.

"A further easing of border controls will give scope for a re-evalution of Japanese shares," said Hajime Sakai, chief fund manager at Mito Securities.

Despite an overall weak yen having several demerits for Japan, "if inbound tourism really comes back, the merits of the weak yen will be magnified," he said.

The yen continued its rise from last week's 24-year low close to 145 per dollar, last trading near 142.

Automakers took a hit from the strengthening yen, which cuts into revenue from overseas sales. Mazda was the Nikkei's worst performer, down 3.8%. Subaru lost 2.73% and Mitsubishi Motors sank 1.91%.

Toyota fared relatively better, slipping just 0.14%.

(Reporting by Tokyo markets team; editing by Uttaresh.V and Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ANA HOLDINGS INC. 0.77% 2893.5 Delayed Quote.19.36%
H.I.S. CO., LTD. 0.60% 2018 Delayed Quote.7.33%
MAZDA MOTOR CORPORATION -1.36% 1017 Delayed Quote.16.61%
MITSUBISHI MOTORS CORPORATION -1.70% 579 Delayed Quote.83.49%
NINTENDO CO., LTD. -0.59% 5691 Delayed Quote.6.73%
SUBARU CORPORATION -0.83% 2216 Delayed Quote.8.70%
TOYOTA MOTOR CORPORATION -1.12% 1947.5 Delayed Quote.-6.39%
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Analyst Recommendations on MITSUBISHI MOTORS CORPORATION
More recommendations
Financials
Sales 2023 2 501 B 18 484 M 18 484 M
Net income 2023 134 B 991 M 991 M
Net cash 2023 328 B 2 422 M 2 422 M
P/E ratio 2023 6,75x
Yield 2023 1,38%
Capitalization 877 B 6 477 M 6 477 M
EV / Sales 2023 0,22x
EV / Sales 2024 0,21x
Nbr of Employees 28 796
Free-Float 42,9%
Chart MITSUBISHI MOTORS CORPORATION
Duration : Period :
Mitsubishi Motors Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends MITSUBISHI MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 589,00 JPY
Average target price 578,46 JPY
Spread / Average Target -1,79%
EPS Revisions
Managers and Directors
Takao Kato President, Chief Executive Officer & Director
Koji Ikeya CFO, Executive VP, Head-Finance & Accounting
Tomofumi Hiraku Chairman
Masao Kuruma Chief Information Officer & Executive Officer
Yosuke Wakabayashi GM-Administration & Head-Domestic Sales
Sector and Competitors
1st jan.Capi. (M$)
MITSUBISHI MOTORS CORPORATION83.49%6 477
TOYOTA MOTOR CORPORATION-6.39%198 720
VOLKSWAGEN AG-21.67%86 975
MERCEDES-BENZ GROUP AG-5.18%71 895
BMW AG-3.65%57 694
GENERAL MOTORS COMPANY-31.95%56 686