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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nissan Motor Co., Ltd.    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Japan automakers post 14% drop in August global sales

09/29/2020 | 02:04am EST
People walk beside test-driving cars outside a car maker's showroom in Tokyo

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. -0.03% 3057 End-of-day quote.-1.36%
MAZDA MOTOR CORPORATION 0.30% 669 End-of-day quote.-28.68%
MITSUBISHI MOTORS CORPORATION 3.57% 203 End-of-day quote.-55.68%
NISSAN MOTOR CO., LTD. 6.96% 538.2 End-of-day quote.-15.39%
SUBARU CO., LTD. 0.00% 4320 End-of-day quote.-7.69%
SUZUKI MOTOR CORPORATION 1.89% 5648 End-of-day quote.23.67%
TOYOTA INDUSTRIES CORPORATION 0.78% 7720 End-of-day quote.21.96%
TOYOTA MOTOR CORPORATION -1.09% 7350 End-of-day quote.-4.72%
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Financials
Sales 2021 7 855 B 75 265 M 75 265 M
Net income 2021 -508 533 M -4 873 M -4 873 M
Net Debt 2021 6 526 B 62 531 M 62 531 M
P/E ratio 2021 -4,11x
Yield 2021 -
Capitalization 2 106 B 20 175 M 20 180 M
EV / Sales 2021 1,10x
EV / Sales 2022 0,96x
Nbr of Employees 136 134
Free-Float 45,6%
Chart NISSAN MOTOR CO., LTD.
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Nissan Motor Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 457,78 JPY
Last Close Price 538,20 JPY
Spread / Highest target 175%
Spread / Average Target -14,9%
Spread / Lowest Target -62,8%
EPS Revisions
Managers
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Yasushi Kimura Chairman
Ashwani Gupta COO & Representative Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Anthony Thomas Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-15.39%20 175
TOYOTA MOTOR CORPORATION-4.72%198 557
VOLKSWAGEN AG-13.56%96 988
DAIMLER AG16.29%73 666
GENERAL MOTORS COMPANY26.94%66 499
BMW AG3.09%58 741