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4-Traders Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

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Toyota Motor : recalls 1.16 mil. vehicles with Takata air bags

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10/26/2016 | 11:13am CEST

Toyota Motor Corp. said Wednesday it is conducting a Japan-wide recall of 19 models equipped with faulty Takata Corp. air bag inflators, including Vitz and Corolla passenger cars, encompassing a total of 1,159,578 vehicles.

Along with other recalls filed with the transport ministry the same day by the Japanese arms of Volkswagen AG and Audi AG to replace the Takata-made component on the passenger side, the total number of vehicles subject to the recall in Japan due to the inflator issue will come to 17.01 million.

The Ministry of Land, Infrastructure, Transport and Tourism has instructed automakers in Japan to replace the air bag inflators using ammonium nitrate as propellant without a drying agent.

The propellant may deteriorate if it is exposed to temperature variations in humid climates over a long period of time, causing the inflators to explode and spray metal parts at passengers.

Due to a shortage of replacement parts following a string of recalls linked to Takata's product globally, the automakers have been disabling inflators in recalled vehicles awaiting repair.

The Toyota vehicles subject to the latest recall were manufactured between August 2000 and December 2011.

Volkswagen is recalling a total of 129,230 vehicles including Golf, Polo and Passat passenger cars imported between January 2006 and September 2014. The vehicles recalled by Audi total 67,341 units imported between July 2004 and April 2013, according to the ministry.


© Kyodo News International, Inc., source Newswire

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Financials ( JPY)
Sales 2017 26 562 806 M
EBIT 2017 -
Net income 2017 1 619 613 M
Debt 2017 6 895 947 M
Yield 2017 3,30%
P/E ratio 2017 11,40
P/E ratio 2018 10,40
EV / Sales 2017 1,02x
EV / Sales 2018 0,99x
Capitalization 20 164 843 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 6 436  JPY
Spread / Average Target 6,5%
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Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Takahiko Ijichi Chief Financial Officer, Director & Executive VP
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
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Sector and Competitors
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