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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
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UPDATE1: Toyota, KDDI to enhance ties to develop connected cars

10/30/2020 | 05:08am EST

Toyota Motor Corp. and KDDI Corp. said Friday they have agreed to boost their business and capital alliance in a bid to jointly develop telecommunications technologies to connect vehicles.

Toyota will invest around 52 billion yen ($498 million) in the telecommunications company to raise its stake to 13.74 percent from 12.95 percent by Jan. 29, 2021, through a third-party allocation.

"We will boost the telecommunication functions of cars and utilize 5G and other technologies," KDDI President Makoto Takahashi told a press conference, referring to ultrafast next-generation wireless networks.

The two companies said they will jointly conduct research and development focused on telecommunication platforms that connect towns, homes, people and cars.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
KDDI CORPORATION 1.24% 3278 End-of-day quote.6.91%
TOYOTA MOTOR CORPORATION -1.65% 7733 End-of-day quote.-2.82%
All news about TOYOTA MOTOR CORPORATION
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More news
Financials
Sales 2021 26 136 B 252 B 252 B
Net income 2021 1 529 B 14 714 M 14 714 M
Net Debt 2021 15 002 B 144 B 144 B
P/E ratio 2021 14,5x
Yield 2021 2,89%
Capitalization 21 621 B 208 B 208 B
EV / Sales 2021 1,40x
EV / Sales 2022 1,26x
Nbr of Employees 359 542
Free-Float 62,2%
Chart TOYOTA MOTOR CORPORATION
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Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8 122,22 JPY
Last Close Price 7 733,00 JPY
Spread / Highest target 24,1%
Spread / Average Target 5,03%
Spread / Lowest Target -27,6%
EPS Revisions
Managers and Directors
NameTitle
Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Kenta Kon Chief Financial Officer
Seiji Sakai Manager-Information Systems & IT Management
Masahito Maeda Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION-2.82%208 300
VOLKSWAGEN AG-0.35%97 768
DAIMLER AG-2.65%72 771
GENERAL MOTORS COMPANY20.00%71 522
BMW AG-3.90%54 163
GREAT WALL MOTOR COMPANY LIMITED-3.01%51 116