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    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Chip shortage leads Japan automakers to post 4.5% slump in January global output

02/25/2021 | 05:24am EDT
The third generation Nissan Qashqai

TOKYO (Reuters) - Global production at Japanese automakers including Honda Motor Co slipped 4.51% in January from last year as a widespread chip shortage forced the industry to cut production.

The country's seven major automakers, including Toyota Motor Corp and Nissan Motor Co's, produced a combined 2.12 million vehicles last month, according to Reuters calculations based on output data released by the companies on Thursday.

That compared with a 24% production jump in December.

The global automobile industry has been grappling with a chip shortage since the end of last year, with the former U.S. administration's sanctions on Chinese chip factories adding to the problem.

Last month, global vehicle production at Honda and Subaru fell 8.8% and 29.2%, respectively, mostly due to the semiconductor shortage.

Nissan Motor Co's global production, on the other hand, rose 2.4% in January from a year before.

Honda and Nissan, Japan's second- and third-largest automakers, have said this month they will sell a combined 250,000 fewer cars in the current financial year.

Elsewhere, automakers Suzuki Motor Corp, Mazda Motor Corp and Mitsubishi Motors Corp saw their global production drop in January. But the three automakers have said they have seen no impact of the chip shortage on production.

Toyota Motor, which said earlier this month it had up to a four-month chip inventory, notched a 1.9% rise in global output, their fifth five consecutive month of gain.

Total global vehicle sales at Japan's seven major automakers inched down 0.98% year-on-year to 2.06 million vehicles last month.

(Reporting by Eimi Yamamitsu; Editing by Devika Syamnath)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -0.12% 3326 End-of-day quote.15.59%
MAZDA MOTOR CORPORATION 0.11% 890 End-of-day quote.28.61%
MITSUBISHI MOTORS CORPORATION -0.63% 313 End-of-day quote.44.24%
NISSAN MOTOR CO., LTD. -1.06% 576.1 End-of-day quote.2.88%
SUBARU CORPORATION 1.03% 2155 End-of-day quote.4.48%
SUZUKI MOTOR CORPORATION 0.30% 4714 End-of-day quote.-1.42%
TOYOTA MOTOR CORPORATION -0.40% 8530 End-of-day quote.7.20%
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Financials
Sales 2021 7 675 B 70 533 M 70 533 M
Net income 2021 -459 299 M -4 221 M -4 221 M
Net Debt 2021 5 930 B 54 497 M 54 497 M
P/E ratio 2021 -4,90x
Yield 2021 -
Capitalization 2 254 B 20 715 M 20 718 M
EV / Sales 2021 1,07x
EV / Sales 2022 0,94x
Nbr of Employees 136 134
Free-Float 45,6%
Chart NISSAN MOTOR CO., LTD.
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Technical analysis trends NISSAN MOTOR CO., LTD.
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TrendsBearishBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 642,35 JPY
Last Close Price 576,10 JPY
Spread / Highest target 157%
Spread / Average Target 11,5%
Spread / Lowest Target -42,7%
EPS Revisions
Managers and Directors
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
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NISSAN MOTOR CO., LTD.2.88%20 715
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