Japanese car companies choose to reduce share prices in China

Toyota, Nissan and other Japanese large auto makers have recently announced that they will cut production in China. On September 26, the Nikkei fell by 2.03% to 8906.7 points, dragged by the general decline in the external stock markets and the multiple negative factors in the yen. The decline in the stock price of auto companies bears the brunt. On the same day, share prices of Japanese home appliance and retail companies such as Panasonic, Sony, Canon, and Uniqlo, which were closely linked with the Chinese market, also fell sharply.

Japanese car firms choose to cut <br> <br> According to Reuters, the recent Japanese car sales in China greatly reduced, Toyota, Nissan and other Japanese car makers factories in China will officially enter the production stage in China. A Toyota Motor executive in Japan said on September 26 that Toyota may reduce its production in China in the coming weeks in response to slowing demand, but it will not completely stop producing cars in China.

According to the report of the Japanese Economic News on September 26, Toyota Motor was temporarily shut down at the China plant on September 18, and resumed operation on September 24, but now it has to make adjustments again. Toyota was originally scheduled to shut down its major Chinese factory in Guangdong during the 11-year long holiday. It is now decided to begin early shutdown on September 26, 4 days more than planned, for a total of 12 days. The factory was originally divided into day shifts and night shifts. Two-shift production could reach 30,000 vehicles per month. After the resumption of production on October 8, it will only maintain white shift production. Analysts pointed out that Toyota has a total of nine factories in China. Although these factories have resumed production on the 24th, they have not returned to full capacity. If the sales volume declines further, Toyota’s possibility of further production cuts is not ruled out.

Nissan Motor will shut down three factories in China from September 27th, three days ahead of China’s November holiday. The Nissan-related factories have only been producing in the white class since September 19, and will continue to implement this policy after the holiday on October 8.

In addition, Honda also stated that it is considering introducing measures to reduce the production time of its factories in China.

In August 2012, statistics from the China Association of Automobile Association show that in August, sales of self-owned brands, German, American, and Korean cars increased by more than 10% year-on-year. Only Japanese car sales fell by 2% year-on-year, making it the only car with negative growth.

Related Japanese companies tumbled <br> <br> data show that China is Japan's largest trading partner and Japan is China's fourth largest trading partner. Analysts pointed out that China is one of the most important markets in Japan and that Japanese products are “cold” in China and will have a more serious negative impact on the Japanese economy. On September 26, Japanese companies’ stock prices that were closely linked with China in many businesses experienced a sharp decline.

Affected by the decline in production at the China plant, Toyota Motor Corp. (7203.TO) shares fell 2.67% to 3,100 yen; Nissan Motor (7201.TO) shares fell 2.64% to 664 yen, the lowest closing record this year; Honda Motors (7267. TO) The stock price dropped 4.17% to 2,438 yen.

On the same day, Toshiba (6502.TO) shares fell 3.5% to 248 yen, Sony (6758.TO) fell 4.54% to 925 yen, Canon (7751.TO) fell 4.47% to 2565 yen, Panasonic (6752.TO ) fell 2.45% to 517 yen. Fast Retailing (9983.TO), the owner of apparel brand Uniqlo, fell 0.93% to 1,820 yen.

Japanese aviation companies have also not been spared. According to the data, at least 23,000 seats in the Chinese airlines of the two airlines, ANA and JAL, have recently been cancelled. On the 26th, ANA (9202.TO) shares fell 3.45% to 168 yen. Japan Airlines (9201.TO), which recently relisted with the world’s second-largest financing scale, despite rising 4.27% to 3,540 yen, fell nearly 9% on the previous trading day, and the current price is much lower than its 3810. The first day's opening price of the yen.