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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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Nissan Motor : to boost production capacity in China amid pickup in demand

10/27/2020 | 12:58am EST

Nissan Motor Co. will boost its production capacity in China from next year as the world's largest auto market is showing signs of recovery from the novel coronavirus pandemic, a company official said Tuesday.

Nissan plans to manufacture more cars at two plants of Chinese joint venture Dongfeng Motor Corp., located in Wuhan in Hubei Province and Changzhou in Jiangsu Province, according to the official.

In addition to increasing its production bases in China to six from the current four, Nissan aims to strengthen its sales strategy by introducing new models.

In 2021, the Japanese automaker will start selling its Ariya electric sport utility vehicle equipped with self-driving assistance technology that enables hands-off driving while cruising on highways.

The automaker will introduce a total of nine models by 2025 in the Chinese market, the official said.

Nissan, which been under pressure to turn around its business, is expecting to log a net loss of 670 billion yen ($6.4 billion) in the current business year through March.

Nissan said in its medium-term business plan released in May that it will focus its resources on the Japanese, Chinese and U.S. markets.

The third-largest automaker in Japan by volume plans to scale down operations in Europe and Southeast Asia, with plans to shut factories in Spain and Indonesia.

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials
Sales 2021 7 855 B 75 367 M 75 367 M
Net income 2021 -508 533 M -4 879 M -4 879 M
Net Debt 2021 6 526 B 62 616 M 62 616 M
P/E ratio 2021 -3,95x
Yield 2021 -
Capitalization 2 024 B 19 457 M 19 419 M
EV / Sales 2021 1,09x
EV / Sales 2022 0,95x
Nbr of Employees 136 134
Free-Float 45,6%
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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 517,20 JPY
Spread / Highest target 186%
Spread / Average Target -11,5%
Spread / Lowest Target -61,3%
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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