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4-Traders Homepage  >  Equities  >  Tokyo  >  Suzuki Motor Corp    7269   JP3397200001

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SUZUKI MOTOR CORPORATION : Suzuki installs mega-solar power facility

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11/18/2013 | 09:51am CET

18 November 2013

Suzuki installs mega-solar power facility

Suzuki Motor Corporation has decided to install mega-solar power facility at the Nakazato Industrial Park located in Makinohara, Shizuoka Prefecture. Suzuki will make a request to the Chubu Electric Power Co., Inc. for the connecting of the power lines and apply to the Ministry of Economy, Trade and Industry for the approving of the facility within this month. The power facility is scheduled to start its operation in the autumn of 2015.

The Suzuki-owned 42 hectares of land in the Nakazato Industrial Park, the location for the mega-solar power facility to be installed, was considered to be suited for the power facility for its great insolation condition.

The generation capacity of the facility is 18 megawatt, which will all be sold to the Chubu Electric Power Co., Inc. The capacity is equal to 5,700 standard households. The investment amount is approximately 5.6 billion yen.

Moreover, Suzuki will promote installing solar panels by utilizing the unused land of Maisaka-cho, located in Nishi-ku, Hamamatsu, and the roof of the Hamamatsu Plant, which is scheduled to be constructed in Miyakoda-cho of the Kita-ku, Hamamatsu. Suzuki will contribute to the local community through its solar power business, and strengthen its efforts on environmental problems by promoting local production of the energy for local consumption.

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Financials ( JPY)
Sales 2017 3 098 033 M
EBIT 2017 -
Net income 2017 137 617 M
Finance 2017 223 262 M
Yield 2017 0,86%
P/E ratio 2017 13,10
P/E ratio 2018 14,20
EV / Sales 2017 0,56x
EV / Sales 2018 0,50x
Capitalization 1 964 982 M
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Number of Analysts 22
Average target price 4 150  JPY
Spread / Average Target 3,7%
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NameTitle
Toshihiro Suzuki President, CEO, COO & Representative Director
Osamu Suzuki Chairman
Taisuke Toyoda General Manager-Finance & IR Contact
Osamu Honda Senior Technical Executive
Ichizo Aoyama General Manager-Information Technology
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