Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toyota Motor Corporation
  6. News
  7. Summary
    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
Delayed Japan Exchange  -  10:05 2022-10-06 pm EDT
1994.50 JPY   -0.28%
01:22pToyota Motor : Revealing Vehicle Recycling Processes―Your Cars Live on in Different Forms
PU
07:42aJapan's Toyota finds wheel, airbag fixes for recalled EVs
AQ
05:23aToyota Motor Restarting Production of First Electric Vehicle After Resolving Potential Safety Issues
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Suzuki Motor says demand strong despite economic concerns

08/05/2022 | 05:40am EDT
FILE PHOTO: The logo of Suzuki Motor Corp. is pictured at the 45th Tokyo Motor Show in Tokyo

TOKYO (Reuters) - Japan's Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn.

The view from Masahiko Nagao, Suzuki's senior managing executive officer, echoes the bullish outlook of other Japanese automakers, even though inflation and higher interest rates are fuelling uncertainty about the world economy.

Suzuki had an order backlog of about 200,000 vehicles in Japan as of the end of June, Nagao said, adding a more up-to-date backlog figure for India, where the company has the largest share of the four-wheel market, was about 350,000.

"Although we are concerned about global economic trends, orders are coming in very smoothly and demand is not declining at this point," he said on an earnings call, adding the company would see an operating profit as long as it could keep producing the accumulated orders.

For the April-June quarter, Suzuki's sales in India rose 27.9% year-on-year to 380,000 vehicles, after retailers curbed operations due to COVID-19 restrictions the year earlier.

However, vehicle sales in Japan fell 6.4% as a chips shortage hampered production.

Suzuki kept its operating profit forecast of 195 billion yen ($1.46 billion) for the year to March 31, saying it was premature to change it at this point.

A surge in global commodity prices, amid supply chain disruptions caused by the pandemic and the Ukraine war, has challenged businesses and policymakers worldwide, with central banks rushing to tighten monetary policy and firms cutting costs.

Although the semiconductor shortage is gradually improving, Suzuki cannot predict when it will be resolved, Nagao said.

To lessen the impact, the firm has switched to producing cars that don't need so many chips in India and selling them to African as well as Central and South American markets, he said.

Earlier this week, rival Subaru Corp said it expected strong demand from U.S. car buyers to continue, while Toyota Motor Corp stuck to its 9.7 million full-year global production target.

($1 = 133.2100 yen)

(Reporting by Satoshi Sugiyama; Editing by Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SUBARU CORPORATION -0.87% 2275 Delayed Quote.11.96%
SUZUKI MOTOR CORPORATION 0.54% 4833 Delayed Quote.7.32%
TOYOTA INDUSTRIES CORPORATION -0.40% 7460 Delayed Quote.-19.59%
TOYOTA MOTOR CORPORATION -0.25% 1994.5 Delayed Quote.-4.96%
All news about TOYOTA MOTOR CORPORATION
01:22pToyota Motor : Revealing Vehicle Recycling Processes―Your Cars Live on in Different ..
PU
07:42aJapan's Toyota finds wheel, airbag fixes for recalled EVs
AQ
05:23aToyota Motor Restarting Production of First Electric Vehicle After Resolving Potential ..
MT
05:09aHonda to cut car output at two Japanese plants in October
RE
02:37aToyota Motor To Resume Sales Of Electric Vehicle Following Recall
MT
02:15aToyota Resumes Production of bZ4X EV After Recall Over Safety Risk
DJ
01:39aToyota found causes, solutions for recalled EV - regulatory filing
RE
01:34aBOJ hopeful of inbound tourism boost from weak yen even as global risks weigh
RE
10/05Toyota restarts output of first EV after fixing safety issues
RE
10/05Toyota to resume selling its first mass-produced EV after safety concern recall -source..
RE
More news
Analyst Recommendations on TOYOTA MOTOR CORPORATION
More recommendations
Financials
Sales 2023 36 341 B 251 B 251 B
Net income 2023 2 881 B 19 899 M 19 899 M
Net Debt 2023 19 910 B 138 B 138 B
P/E ratio 2023 9,53x
Yield 2023 2,99%
Capitalization 27 375 B 189 B 189 B
EV / Sales 2023 1,30x
EV / Sales 2024 1,21x
Nbr of Employees 372 817
Free-Float 69,9%
Chart TOYOTA MOTOR CORPORATION
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 2 000,00 JPY
Average target price 2 389,47 JPY
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Akio Toyoda Director & General Manager-Asia
Kenta Kon Chief Financial Officer, Director & GM-Accounting
Takeshi Uchiyamada Director & Manager-Development Center 2
Keiji Yamamoto Chief Information & Security Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA MOTOR CORPORATION-4.96%189 159
VOLKSWAGEN AG-26.97%76 115
MERCEDES-BENZ GROUP AG-21.57%55 913
GENERAL MOTORS COMPANY-40.58%50 798
FORD MOTOR COMPANY-40.49%50 293
BMW AG-19.23%45 871