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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 to sell redesigned Note compact car in Japan as it looks to restore profitability

11/23/2020 | 10:05pm EST
FILE PHOTO: A visitor is seen at a Nissan Motor showroom in Tokyo

Tokyo (Reuters) - Nissan Motor Co Ltd on Tuesday said it will sell a redesigned version of its best-selling Note compact car in Japan from December featuring new hybrid drive technology, to win market share from Toyota Motor Corp and Honda Motor Co Ltd.

The Note's first full model change in eight years is part of a plan by the carmaker to revamp an aging vehicle line up and return to profitability as it pulls back from the expansion pursued by former Chairman Carlos Ghosn to focus on sales in Japan, China and the United States.

The Note will feature "e-Power" hybrid technology, which uses a gasoline engine to charge a battery that powers the vehicle. New autonomous drive functions will help drivers slow down on curves using data from the car's navigation system.

Nissan, which expects to post a record operating loss of 340 billion yen ($3.25 billion) in the year to March 31, is cutting production capacity and model numbers by a fifth and aims to slash operating expenses by 300 billion yen over three years.

At the same time, it has promised to launch a slew of vehicles in Japan, China and the United States, including new electric vehicles to lure increasingly environment-conscious drivers.

In Japan, the Note, which uses a platform designed with French alliance partner Renault SA, will compete With Toyota's Yaris and Honda's Fit. A Nissan spokeswoman said the automaker has not made any decision on selling the redesigned vehicle in other markets.

($1 = 104.5100 yen)

(Reporting by Tim Kelly and Maki Shiraki; Editing by Christopher Cushing)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CURVES HOLDINGS CO., LTD. 0.64% 787 End-of-day quote.2.08%
HONDA MOTOR CO., LTD. -1.40% 2851.5 End-of-day quote.-0.90%
NISSAN MOTOR CO., LTD. -2.10% 555.6 End-of-day quote.-0.79%
RENAULT -2.35% 34.42 Real-time Quote.-3.75%
TOYOTA INDUSTRIES CORPORATION 0.47% 8540 End-of-day quote.4.27%
TOYOTA MOTOR CORPORATION -1.08% 7660 End-of-day quote.-3.73%
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Financials
Sales 2021 7 759 B 74 755 M 74 755 M
Net income 2021 -477 548 M -4 601 M -4 601 M
Net Debt 2021 6 232 B 60 040 M 60 040 M
P/E ratio 2021 -4,56x
Yield 2021 -
Capitalization 2 174 B 20 947 M 20 945 M
EV / Sales 2021 1,08x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 567,00 JPY
Last Close Price 555,60 JPY
Spread / Highest target 166%
Spread / Average Target 2,05%
Spread / Lowest Target -40,6%
EPS Revisions
Managers and Directors
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.-0.79%20 947
TOYOTA MOTOR CORPORATION-3.73%206 348
VOLKSWAGEN AG8.31%105 915
GENERAL MOTORS COMPANY33.05%79 294
DAIMLER AG2.21%76 927
BMW AG-1.36%55 971