Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

NISSAN MOTOR CO., LTD.

(7201)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Q&A: What to expect from trial of Nissan, ex-director Kelly

share with twitter share with LinkedIn share with facebook
09/13/2020 | 01:18am EDT

TOKYO (AP) — The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Tuesday. It’s the latest chapter in the unfolding scandal of Carlos Ghosn, a superstar at Nissan Motor Co. until he and Kelly were arrested in late 2018.

Five questions and answers about the trial:

Q: WHAT ARE THE ALLEGATIONS?

A: The charges center around Kelly’s role in alleged under-reporting of Ghosn’s future compensation by about 9 billion yen ($85 million), a violation of financial laws. Kelly says he is innocent. Nissan, which is also similarly charged, has already acknowledged guilt, made corrections to the compensation documents submitted to the authorities, and has started paying a 2.4 billion yen ($22.6 million) fine.

Q: WHAT HAPPENS TO GHOSN?

A: Probably nothing. He skipped bail late last year and is now in Lebanon, which has no extradition treaty with Japan. Two Americans, Michael Taylor and his son Peter Taylor are being held in Massachusetts without bail, suspected of having helped Ghosn escape by hiding in a box on a private jet. A U.S. judge recently approved their extradition to Japan. The case is now before the U.S. State Department.

Q: HOW DO CRIMINAL TRIALS PROCEED IN JAPAN?

A: The trial, before a panel of three judges, is expected to take about a year. There is no jury. Juries are selected only for extremely serious cases in Japan, such as murder. In principle, there are no plea bargains although backroom deals are made all the time. Closed pre-trial sessions are held ahead of the trial’s opening, often for months before the real trial begins. Japan's legal system has come under fire from both within and outside the country as “hostage justice” because suspects often are held for months and interrogated without a lawyer present, often leading to false confessions, according to critics.

Q: WHAT ARE KELLY’S CHANCES?

A: More than 99% of criminal trials in Japan result in a conviction. Japanese Justice Minister Masako Mori, in an online presentation in English hosted by the Japanese Embassy in the U.S., argued the conviction rate is so high because Japan prosecutes only about a third of the cases that come up, choosing only those that “result in guilty verdicts.” She insisted there is a “presumption of innocence.” She declined comment on Kelly’s case. Jamie Wareham, Kelly’s lawyer in the U.S., is confident Kelly will be acquitted because he is “obviously innocent,” but says he has been treated unfairly, awaiting trial for nearly two years.

Q: WHAT HAPPENS NEXT?

A: Prosecutors will present their opening statement, outlining their case against Kelly during the first day of the trial. Republican lawmakers Sen. Roger Wicker from Mississippi, Sen. Lamar Alexander and Sen. Marsha Blackburn from Tennessee have spoken out in support of Kelly. When asked about the trial, Tokyo Deputy Chief Prosecutor Hiroshi Yamamoto said little beyond reiterating his confidence there was plenty of evidence to win a conviction. The maximum penalty for the charges Kelly faces is up to a decade in prison.

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News


share with twitter share with LinkedIn share with facebook
All news about NISSAN MOTOR CO., LTD.
04:10aNISSAN MOTOR : unveils all-new SUV, the Magnite, built for urban adventures
PU
10/20NISSAN MOTOR : Team Wild Grace navigates Frontier, NISMO to elite off-road statu..
AQ
10/20NISSAN MOTOR : making Safety Shield 360 standard on 10 models; Parents are urged..
AQ
10/19NISSAN MOTOR : Auto Financing Company Settles CFPB Charges For "Wrongful Reposse..
AQ
10/18Renault CEO says eight-year plan can turn round carmaker
RE
10/16NISSAN MOTOR : Foundation launches 2021 grant cycle to build inclusive communiti..
AQ
10/14FROM IPHONES TO E-AXLES : how one tech firm is pushing into electric vehicles
RE
10/13China Quarterly Car Sales Shift Out of Reverse for First Time in Two Years
DJ
10/11DONGFENG MOTOR : Nissan says China sales rose 5.1% year-on-year in September
RE
10/09NISSAN MOTOR : appoints Carlos Guerra to expanded leadership role; Guerra to lea..
AQ
More news
Financials
Sales 2021 7 704 B 73 684 M 73 684 M
Net income 2021 -548 219 M -5 244 M -5 244 M
Net Debt 2021 6 328 B 60 525 M 60 525 M
P/E ratio 2021 -2,74x
Yield 2021 -
Capitalization 1 509 B 14 293 M 14 432 M
EV / Sales 2021 1,02x
EV / Sales 2022 0,90x
Nbr of Employees 136 134
Free-Float 45,6%
Chart NISSAN MOTOR CO., LTD.
Duration : Period :
Nissan Motor Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 431,11 JPY
Last Close Price 385,60 JPY
Spread / Highest target 284%
Spread / Average Target 11,8%
Spread / Lowest Target -48,1%
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
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-39.38%13 640
TOYOTA MOTOR CORPORATION-9.14%182 661
VOLKSWAGEN AG-21.49%85 457
DAIMLER AG-2.13%61 604
GENERAL MOTORS COMPANY-2.73%50 947
BMW AG-12.25%48 903