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    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 EDT
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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -1.02% 3483 End-of-day quote.21.04%
MAZDA MOTOR CORPORATION 0.00% 977 End-of-day quote.41.18%
MITSUBISHI MOTORS CORPORATION -1.00% 297 End-of-day quote.36.87%
NISSAN MOTOR CO., LTD. -0.72% 538.8 End-of-day quote.-3.79%
SUBARU CO., LTD. 0.44% 4570 End-of-day quote.1.56%
SUZUKI MOTOR CORPORATION 0.41% 4682 End-of-day quote.-2.09%
TOYOTA INDUSTRIES CORPORATION 0.41% 9730 End-of-day quote.18.80%
TOYOTA MOTOR CORPORATION -1.79% 9782 End-of-day quote.22.94%
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Financials
Sales 2021 7 703 B 69 480 M 69 480 M
Net income 2021 -444 533 M -4 010 M -4 010 M
Net Debt 2021 5 928 B 53 468 M 53 468 M
P/E ratio 2021 -4,73x
Yield 2021 -
Capitalization 2 109 B 19 025 M 19 022 M
EV / Sales 2021 1,04x
EV / Sales 2022 0,88x
Nbr of Employees 136 134
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 538,80 JPY
Average target price 648,82 JPY
Spread / Average Target 20,4%
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
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-3.79%19 025
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