7201.T - Nissan Motor Co., Ltd.

Tokyo - Tokyo Delayed price. Currency in JPY
346.70
+5.30 (+1.55%)
At close: 3:15PM JST
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Previous close341.40
Open350.00
Bid0.00 x 0
Ask0.00 x 0
Day's range335.00 - 353.00
52-week range311.20 - 966.00
Volume26,885,700
Avg. volume20,114,434
Market cap1.357T
Beta (5Y monthly)1.23
PE ratio (TTM)32.50
EPS (TTM)10.67
Earnings date12 May 2020 - 18 May 2020
Forward dividend & yield38.50 (11.28%)
Ex-dividend date27 Sep 2019
1y target est1,065.60
  • Honda, Nissan furlough U.S. workers as auto demand plummets
    Reuters

    Honda, Nissan furlough U.S. workers as auto demand plummets

    Honda Motor Co and Nissan Motor Co on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for cars in the country. A spokesman for Honda, which employs about 18,400 workers at plants in Alabama, Indiana and Ohio, said the Japanese automaker would guarantee salaries through Sunday, having suspended operations on March 23. Nissan said it was temporarily laying off about 10,000 U.S. hourly workers effective April 6.

  • Reuters - UK Focus

    UK car sector warns on coronavirus: "companies need cash immediately"

    Britain's car sector needs immediate cash and the government should introduce measures to support suppliers, some of which only have enough money to handle the coronavirus crisis for weeks not months, the head of the main trade body told Reuters. The government has announced several schemes including paying 80% of salaries, up to 2,500 pounds ($3,065) a month per employee, to those placed on a leave of absence, known as furloughing.

  • Reuters - UK Focus

    Coronavirus to cut UK car output by over 15%, more if crisis lasts months -trade body

    The coronavirus outbreak will cut British car output by more than 15% this year and the drop could be even bigger if closed factories have to stay shut for months, an industry body said on Friday, urging the government to do more. The sector, Britain's biggest exporter of goods, employs more than 800,000 people with Jaguar Land Rover and Nissan building over half of the country's cars at factories in central and northern England. Full-year output was already expected to dip slightly to 1.27 million this year but will now fall to 1.06 million, assuming Britain secures a zero-tariff deal with the EU due to kick in on Jan. 1, said the Society of Motor Manufacturers and Traders (SMMT).

  • Reuters

    Mitsubishi Corp could take Renault stake in alliance rejig - sources

    Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said. French newspaper Les Echos reported earlier on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources, that Mitsubishi Corp, a conglomerate with a 20% holding in Mitsubishi Motors , could take a 10% stake in Renault. Renault declined to comment.

  • Mitsubishi Corp could take Renault stake in alliance rejig: sources
    Reuters

    Mitsubishi Corp could take Renault stake in alliance rejig: sources

    Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said. French newspaper Les Echos reported earlier on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources, that Mitsubishi Corp, a conglomerate with a 20% holding in Mitsubishi Motors , could take a 10% stake in Renault. Renault declined to comment.

  • Auto Giants Across the Globe Warned of Coming ‘Credit Shock’
    Bloomberg

    Auto Giants Across the Globe Warned of Coming ‘Credit Shock’

    (Bloomberg) -- BMW AG, Ford Motor Co. and Toyota Motor Corp. were downgraded by Moody’s Investors Service and their major European, U.S. and Japanese competitors were put under review for possible cuts as the coronavirus pandemic raises risks for automakers worldwide.BMW, the European carmaker with the best credit profile, was dropped one level to A2, while Ford’s rating fell to Ba2, another rung into junk. Moody’s put General Motors Co. under review along with Daimler AG, Jaguar Land Rover Automotive Plc, PSA Group, Renault SA, Volkswagen AG, Volvo Car AB and McLaren Holdings Ltd. In Japan, Toyota, Nissan Motor Co. and Honda Motor Co. were downgraded on Thursday.The rapid spread of the outbreak, a deteriorating economic outlook, falling oil prices and asset price declines are “creating a severe and extensive credit shock,” Moody’s said in a statement. “The combined credit effects of these developments are unprecedented.”Auto manufacturers and their parts suppliers have halted factories on both sides of the Atlantic amid government measures to isolate populations and restrict travel. The wave of work stoppages occurred as the viral epicenter moved to Europe from China and intensified in the U.S., halting sales and rippling through supply chains.Demand will drop “meaningfully” over the coming months, especially in Europe and North America, Moody’s said. It anticipates global demand will shrink about 14% in 2020 and could slump by roughly a third in the second quarter.‘Under Pressure’Japanese automakers are especially vulnerable because of the pandemic exacerbating “pronounced cyclical downturns and changing consumer demand,” Moody’s said, leaving them “vulnerable to shifts in market sentiment in these unprecedented operating conditions.”Toyota, which had the strongest credit profile among Japan’s auto companies, was cut to A1 from Aa3, while Honda was downgraded to A3 from A2. Nissan, which has seen decade-low profits and management turmoil since the November 2018 arrest of former Chairman Carlos Ghosn, was already the lowest in terms of credit ratings out of Japan’s top three carmakers. Moody’s cut Nissan’s rating to Baa3 from Baa1.Moody’s for now assumes GM and Ford’s full-year shipments will drop by as much as 18%, though it warned “risk to the downside is considerable.” GM shares pared a gain of as much as 9.6% to close up only 1.8% in New York. Ford, which had surged as much as 19% intraday, finished the day with an 8.9% advance.S&P Global Ratings still ranks Ford one step above junk. On Wednesday, the firm also put GM’s rating on watch for negative action.“Automaker credit rankings are increasingly under pressure -- another negative catalyst for bondholders -- and we suspect more downgrades loom globally, with Ford and Renault possibly becoming fallen angels,” Bloomberg Intelligence analyst Joel Levington said in a note.While GM probably can avoid a junk rating, falling into speculative grade causes problems for automakers’ lending units, Levington said by phone. Both GM and Ford get lots of cash from writing auto loans, and lower-rated debt makes borrowing more expensive.“It’s not the end of the world if one of these companies falls into high-yield,” he said. “But both Ford and GM make a lot of money from financing and their margins would go down.”State SupportFrench Finance Minister Bruno Le Maire this week pointed to the country’s auto and aeronautics industries as needing government support. The state has holdings in Renault and PSA. While Renault Chairman Jean-Dominique Senard has dismissed a re-nationalization of the carmaker, he told Le Parisien the firm may ask for government guarantees. Renault shares rose as much as 2.8% in Paris.VW brand’s global sales chief Juergen Stackmann told Frankfurter Allgemeine Zeitung in interview he expects a “normalization” of the situation on the German manufacturer’s home turf in the summer. The coronavirus won’t disappear entirely by then, but society and the economy can’t cope with a shutdown that lasts for longer, he said.The outlier in Moody’s latest report was Fiat Chrysler Automobiles NV, placed under review “with uncertain direction.” The Italian-American manufacturer faces the same daunting situation as peers, but the planned merger with PSA might potentially result in a higher rating of the combined group than Fiat Chrysler’s current standalone rating, it said.BMW’s downgrade was driven by its already weak standing within the A1 ratings category, the agency said.The Munich-based carmaker last week warned that both profit and sales would fall significantly this year as the pandemic disrupts production and supplies. The company has idled its European plants, as well as its largest plant in the U.S. in South Carolina, for more than two weeks.(Updates with Japanese automakers’ rating cuts.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    UK's Smiths makes ventilator available to other producers

    British technology firm Smiths Group said it was making one of its ventilators available for other manufacturers to produce, part of a coordinated attempt to tackle a shortage of life-saving equipment as coronavirus spreads. The group's Smiths Medical unit was providing intellectual property and advice to other companies to make its PARAPAC Plus lightweight ventilators, and it was ramping up its own production at its site in Luton, just north of London. Smiths said it was also talking to contract manufacturers to add production capacity in the United States and elsewhere.

  • Reuters - UK Focus

    UK hopes newly-made ventilators will be ready for coronavirus fight next week

    Britain said on Friday its scramble to produce thousands of ventilators to fight the coronavirus outbreak was achieving results as top companies have already produced a prototype and it should be ready for use in hospitals by the end of next week. In a matter of days some of these top engineering companies have already turned their hand to this effort and already got their prototypes out.

  • Reuters - UK Focus

    WRAPUP 2-World's governments draft manufacturers for virus treatment arsenal

    LONDON/MILAN, March 19 (Reuters) - From Washington to London, Beijing to Rome, governments are drafting automakers and aerospace manufacturers to ramp up production of ventilators and other medical equipment to bolster what most experts say is an inadequate arsenal of coronavirus treatment tools. Authorities are hoping large-scale manufacturers can use their low-cost supply chains and digital design expertise, including 3D printing, and repurpose some factories in order to make up the expected shortfall in vital medical hardware. Some of Britain's biggest aerospace and car companies have formed three teams to produce basic ventilators to help the country's National Health Service cope with the coronavirus outbreak.

  • Detroit automakers idle U.S. plants to combat coronavirus outbreak
    Reuters

    Detroit automakers idle U.S. plants to combat coronavirus outbreak

    The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said. Ford Motor Co, General Motors Co and Fiat Chrysler Automobiles NV confirmed the decisions to shut U.S. plants, as well as factories in Canada and Mexico. The Detroit automakers' shares took a beating on Wednesday, with GM closing 17.3% lower, Ford off 10.2% and Fiat Chrysler shares ending 9.2% lower in New York.

  • Nissan to stop producing cars in Indonesia as part of reorganization plan
    Reuters

    Nissan to stop producing cars in Indonesia as part of reorganization plan

    Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled its profitability. The decision to stop production at the West Java plant, which made its struggling Datsun compact cars, was part of a plan for "rightsizing, production optimization and reorganizing of business operations," Japan's No. 2 automaker said in a statement. Nissan has warned that production cuts, which would result in plant closures, would be needed to accelerate cost-cutting and rebuild profits.

  • Nissan stops production at UK factory over coronavirus impact
    Reuters

    Nissan stops production at UK factory over coronavirus impact

    Nissan has stopped output at Britain's biggest car factory due to the impact from coronavirus as it assesses supply-chain disruption and the drop in demand, the most significant closure to affect the country's autos sector so far from the outbreak. Vauxhall's Ellesmere Port car factory in northern England is also due to close on Tuesday until March 27 as party of parent company Peugeot's plans to shut sites across the continent to handle the crisis. Nissan's Sunderland factory in north-eastern England made nearly 350,000 out of Britain's 1.3 million cars last year, producing the firm's Qashqai, Juke and LEAF models.

  • Nissan plans to resume production at Hubei plant sometime this week
    Reuters

    Nissan plans to resume production at Hubei plant sometime this week

    Japanese automaker Nissan plans to partially resume production at its Xiangyang and Zhengzhou plants in China with its partner Dongfeng Group sometime this week, a company spokeswoman told Reuters. The Xiangyang plant is in Hubei province, the epicentre of the coronavirus epidemic which has killed more than 3,100 people in China.

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