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    7201   JP3672400003

NISSAN MOTOR CO., LTD.

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Nissan Motor : cuts planned output in October and November by 30% - Nikkei

10/21/2021 | 10:19pm EST
The brand logo of Nissan Motor Corp. is seen at the front nose section of the company's new Ariya all-battery SUV during a press preview in Yokohama

TOKYO (Reuters) - Nissan is slashing its planned global production for October and November by 30%, as it struggles with a shortage of semiconductors caused by the COVID-19 pandemic, the Nikkei business daily reported.

The Japanese carmaker has informed suppliers that it will build a total of 583,000 cars during the two-month period, the Nikkei said, without saying where it obtained the information.

"We acknowledge that the semiconductor supply shortage is still in a difficult situation," a spokesperson from Nissan said, although she declined to comment on the reduction reported by the newspaper. The company will give an update when it release its latest earnings results next month, she added.

Like other carmakers, Nissan has been forced to curtail production despite a rebound in demand in key auto markets, including China and the United States. The pandemic has both squeezed output at component suppliers and stoked demand for electronic devices that has intensified competition for chips.

Toyota Motor Corp, the world's biggest car manufacturer, this month announced a 15% cut in November output, following reduced global production in September and October, due to a slowdown at component plants in Malaysia and Vietnam.

(Reporting by Tim Kelly and Maki Shiraki; Editing by Edwina Gibbs)


ę Reuters 2021
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Analyst Recommendations on NISSAN MOTOR CO., LTD.
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Financials
Sales 2022 8 974 B 79 573 M 79 573 M
Net income 2022 175 B 1 552 M 1 552 M
Net Debt 2022 5 954 B 52 792 M 52 792 M
P/E ratio 2022 13,1x
Yield 2022 0,61%
Capitalization 2 210 B 19 541 M 19 593 M
EV / Sales 2022 0,91x
EV / Sales 2023 0,81x
Nbr of Employees 131 461
Free-Float 45,7%
Chart NISSAN MOTOR CO., LTD.
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Nissan Motor Co., Ltd. Technical Analysis Chart | 7201 | JP3672400003 | MarketScreener
Technical analysis trends NISSAN MOTOR CO., LTD.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 564,50 JPY
Average target price 714,44 JPY
Spread / Average Target 26,6%
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Managers and Directors
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
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