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    7267   JP3854600008

HONDA MOTOR CO., LTD.

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Honda resumes production at plants hit by suspected cyber attack

06/12/2020 | 06:18am EST

Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday.

The suspected attack comes less than a month after Honda reopened its North American vehicle assembly plants, following closure of factories in late March to comply with coronavirus-related, shelter-at-home rules in the United States and Canada.

The spokesman said the Japanese automaker had resumed vehicle output by Thursday at its main plant in the U.S. state of Ohio, which produces models such as the CR-V SUV crossover and the Accord sedan.

"It appears that our customers' personal information has not been affected," the spokesman said by telephone, but declined to comment on any production impact.

Another vehicle plant in Turkey and motorcycle plants in India and Brazil were back up and running by Wednesday, he said, while some North American call centres and online financial services continued to experience disruptions.

The suspected attack was the second on Honda's global network after the WannaCry virus forced it to halt production for a day at a domestic plant in 2017. It comes as the firm continues to reel from the impact of the coronavirus.

Separately, Honda said on Friday it would halt some production shifts at three domestic vehicle plants in July, citing a lack of demand and issues with procuring vehicle parts.

In a website statement, the automaker said it would shut its Yorii plant in Saitama prefecture over four staggered days next month, and halt output at the nearby Sayama plant for a day, with a three-day closure at the Suzuka plant in Mie prefecture.

(Reporting by Maki Shiraki and Naomi Tajitsu; Writing by Naomi Tajitsu; Editing by Clarence Fernandez)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.11% 6.2989 Delayed Quote.-1.51%
HONDA MOTOR CO., LTD. -1.67% 3247 End-of-day quote.12.84%
MOTORCYCLE HOLDINGS LIMITED 0.00% 3.1 End-of-day quote.16.98%
THE GLOBAL LTD. -2.38% 205 End-of-day quote.-21.15%
US DOLLAR / TURKISH LIRA (USD/TRY) -0.26% 12.3897 Delayed Quote.61.44%
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Analyst Recommendations on HONDA MOTOR CO., LTD.
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Financials
Sales 2022 14 907 B 131 B 131 B
Net income 2022 650 B 5 721 M 5 721 M
Net Debt 2022 5 024 B 44 190 M 44 190 M
P/E ratio 2022 8,78x
Yield 2022 3,51%
Capitalization 5 574 B 49 168 M 49 025 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,65x
Nbr of Employees 211 374
Free-Float 91,4%
Chart HONDA MOTOR CO., LTD.
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Honda Motor Co., Ltd. Technical Analysis Chart | 7267 | JP3854600008 | MarketScreener
Technical analysis trends HONDA MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 3 247,00 JPY
Average target price 4 112,78 JPY
Spread / Average Target 26,7%
EPS Revisions
Managers and Directors
Toshihiro Mibe President, Chief Executive Officer & Director
Kohei Takeuchi CFO, Director & Compliance Officer
Toshiaki Mikoshiba Chairman
Seiji Kuraishi Chief Operating Officer, Director & Executive VP
Kunihiko Sakai Independent Outside Director
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