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oyota Motor Corp., Nissan Motor Co., Honda Motor Co. and others 9.0 earthquake of 11 vehicles produced in Japan since March no longer disrupt the supply of parts and the effects of earthquakes distributed abroad, such as parts list is empty.
"We do not believe that sales and slow recovery (in production vehicles) were favorable in the fall perfectly still," Citigroup analyst Noriyuki Matsushima wrote in a report yourself.
"Although a rebound in the middle (October to March) and the other, supply chain and cut production to seduce the dissolution of the energy market has underestimated the full extent of the damage to the situation for some investors, and We have to avoid the area, he said things are ".
"Hold" Matsushima now "selling" All car manufacturers Suzuki Motor Corp. and Isuzu Motors Ltd. truck maker Hino Motors Ltd., with the exception, and the associated prices.
In afternoon trading, shares of Toyota fell 2.5 percent, Nissan fell 2.4 percent and Honda have lost 2 percent. A "hold" Toyota and Nissan, Honda as well as a "buy" before Matsushima.
Renesas Electronics Corp., the world's largest manufacturer of microcontroller chips, tight supplies and a major cause of disorders, including automobile manufacturers outside of Japan. Renesas a 40 percent global market for automotive microcontroller chips. [ID: nL3E7F804E]
Matsushima said that Japanese automakers in the global automotive business year this month, a 15 per cent were under the assumption of low production. In the worst cases, the industry's first half operating loss combined "the largest in history, and includes the best time of the bankruptcy of Lehman Brothers," as he would have said.
Toyota now before September, and the break-even level of operations for the year in the second half of April, Citigroup 588.000.000.000 ¥ ($ 6900000) 31 is expected to fail in March 2012. They also Yen ¥ 280000000000 160000000000 Honda and Nissan expects operating profit for the year.
The Toyota, Nissan and Honda were the last forecast operating profit ¥ 670000000000 850000000000, ¥ and ¥ 750 billion, respectively.
20 kilometers of the Tokyo Electric (TEPCO) nuclear power plant by power tsunami factories damaged parts manufacturers within the exclusion zone - - a broad-based Matsushima said he was assuming the supply chain are not produced until the autumn fall Given.
Car manufacturers face a shortage of energy, especially when the summer plants operating in the affected areas of TEPCO and Tohoku Electric Power consumption peaks. Can
Honda in Japan to start the installation of all plants in the middle of Monday's volume.
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