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TOYOTA MOTOR CORPORATION

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Delayed Japan Exchange  -  05/20 02:00:00 am EDT
2048.00 JPY   +2.14%
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Toyota to curb more production in Japan as COVID spreads

01/20/2022 | 09:01am EDT
Auto Shanghai show in Shanghai

TOKYO, Jan 20 (Reuters) - Toyota Motor Corp is slowing production at as many as 12 plants in Japan because of rising COVID-19 infections among its workers and those at parts suppliers, it said on Thursday.

That disruption, which comes amid a shortage of semiconductors that is already forcing it to curb output, could cut production plans this month by about 47,000 vehicles, a Toyota spokesperson said.

Toyota on Tuesday said it expects to fall short of an annual target to build 9 million vehicles because it did not have enough chips. The company's business year ends on March 31.

There has been a surge in cases of the Omicron coronavirus variant in Japan since the start of the year. Daily coronavirus cases on Thursday rose to a record 46,199. (Reporting by Maki Shiraki and Tim Kelly Editing by David Goodman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
TOYOTA INDUSTRIES CORPORATION 1.23% 8210 Delayed Quote.-11.75%
TOYOTA MOTOR CORPORATION 2.14% 2048 Delayed Quote.-4.77%
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Analyst Recommendations on TOYOTA MOTOR CORPORATION
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Financials
Sales 2023 34 159 B 267 B 267 B
Net income 2023 2 948 B 23 055 M 23 055 M
Net Debt 2023 18 560 B 145 B 145 B
P/E ratio 2023 9,70x
Yield 2023 2,74%
Capitalization 28 128 B 220 B 220 B
EV / Sales 2023 1,37x
EV / Sales 2024 1,27x
Nbr of Employees 372 817
Free-Float 70,5%
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 2 048,00 JPY
Average target price 2 424,44 JPY
Spread / Average Target 18,4%
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
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