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    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Nissan Motor Ordered to Pay $353.9 Million to Middle East Company

10/15/2021 | 04:52am EST

By Kosaku Narioka

Nissan Motor Co. was ordered by a Dubai court to pay 1.3 billion Emirati dirham ($353.9 million) to Middle East company Al Dahana FZCO, which sought damages over a distribution agreement.

Al Dahana said the Dubai Court of First Instance issued its judgment in September. In the case, which was first filed in 2019, Al Dahana said it was seeking compensation for damages suffered due to breach of contract by Nissan.

A Nissan spokesman said the company had fully complied with its contractual obligations and that it was appealing the decision.

Al Dahana was established in 2008 to help jump-start sales of Nissan vehicles in the Persian Gulf region. Al Dahana alleged that Nissan had undercut the business of a distribution joint venture they had formed.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-15-21 0652ET

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Analyst Recommendations on NISSAN MOTOR CO., LTD.
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Financials
Sales 2022 8 978 B 79 181 M 79 181 M
Net income 2022 174 B 1 536 M 1 536 M
Net Debt 2022 5 886 B 51 908 M 51 908 M
P/E ratio 2022 14,7x
Yield 2022 0,51%
Capitalization 2 462 B 21 716 M 21 710 M
EV / Sales 2022 0,93x
EV / Sales 2023 0,83x
Nbr of Employees 131 461
Free-Float 45,7%
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Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Last Close Price 628,90 JPY
Average target price 709,44 JPY
Spread / Average Target 12,8%
EPS Revisions
Managers and Directors
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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