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

NISSAN MOTOR CO., LTD.

(7201)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 10/23
387.9 JPY   +1.97%
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Japanese government exposed to 40% of $6.7 billion Nissan loans - sources

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09/07/2020 | 04:09am EDT
The brand logo of Nissan Motor Corp. is seen at the front nose section of the company's new Ariya all-battery SUV during a press preview in Yokohama

The Japanese government has guaranteed most of a loan to Nissan Motor Co from the Development Bank of Japan (DBJ), a source said, taking its guarantee to more than 40% of 713 billion yen ($6.7 billion) in finance for Japan's No.2 automaker.

The hefty government guarantee suggests financial firms are cautious about helping to fund the automaker as it seeks to return to profitability and stop bleeding cash.

The government has guaranteed 104 billion yen of the 180 billion in loans from the DBJ, said the source with direct knowledge of the matter who declined to be identified as the information is not public.

DBJ and Nissan declined to comment. The Ministry of Finance could not immediately be reached for comment.

Three other sources told Reuters in May the government would guarantee part of a loan from Mizuho Financial Group Inc, aimed at helping Nissan ride out the COVID-19 pandemic.

The two guarantees, if confirmed, would put the government on the hook to the tune of 304 billion yen, or 43% of the total loans Nissan has secured from its main lenders to weather the COVID-19 pandemic, Reuters calculations show.

Nissan has also secured 120 billion yen from Mitsubishi UFJ Financial Group and 50 billion yen from Sumitomo Mitsui Financial Group, the sources previously told Reuters. The government has not guaranteed any portion of these loans, the sources said.

Nissan had pledged to slice 300 billion yen from annual fixed costs and become a smaller, more efficient company after the pandemic exacerbated a slide in profitability that culminated in its first annual loss since fiscal 2008 in the year ended March.

(Reporting by Takashi Umekawa; Editing by Stephen Coates)


Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI UFJ FINANCIAL GROUP, INC. 0.85% 425.8 End-of-day quote.-28.22%
MIZUHO FINANCIAL GROUP, INC. 0.95% 1322 End-of-day quote.-21.45%
NISSAN MOTOR CO., LTD. 1.97% 387.9 End-of-day quote.-39.02%
SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.20% 3002 End-of-day quote.-25.66%
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Financials
Sales 2021 7 711 B 73 625 M 73 625 M
Net income 2021 -558 599 M -5 334 M -5 334 M
Net Debt 2021 6 289 B 60 046 M 60 046 M
P/E ratio 2021 -2,71x
Yield 2021 -
Capitalization 1 518 B 14 487 M 14 493 M
EV / Sales 2021 1,01x
EV / Sales 2022 0,89x
Nbr of Employees 136 134
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 431,11 JPY
Last Close Price 387,90 JPY
Spread / Highest target 282%
Spread / Average Target 11,1%
Spread / Lowest Target -48,4%
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
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