[Financial Summary] Major automobile companies that are performing well, Toyota is chasing Tesla and Honda is chasing BYD in terms of market capitalization

Stock prices of Toyota and Honda have also risen drastically
The stock prices of both companies have increased significantly. In particular, Toyota added 3034 yen, which is the highest price since listing taking stock splits into account, on 1/23, and the total market value (48 trillion 798.1 billion yen), including self-held shares on a closing price basis, exceeded the total market value (48 trillion 672 billion yen) recorded by Nippon Telegraph and Telephone immediately after listing in 1987/5 during the bubble period,Breaking the record for the largest domestic company in historyI did (Nihon Keizai Shimbun, 23rd).
Also on January 23, Bloomberg's total market value of Toyota Motor Corporation surpassed China's Tencent since 2016, second only to Taiwan TSMC and South Korea's Samsung ElectronicsAsia's third-largest market capitalizationIt was reported that it became.
While the stock price of Tesla, which is the top automaker in terms of market capitalization, is dull,There are no more analysts who recommend “selling”If the stock price of TOYOTA (2/8 Bloomberg) continues to rise at the current pace, the current market value is close to doubleThere is a possibility that Tesla's back will come into viewThere is also one.

Also, Honda's total market value is rapidly approaching BYD, which is affected by the sluggish Chinese stock market.Honda aims for a recovery of 1 times PBR, which remains in the 0.6 times rangeIt was clearly stated, and newly added when the 3rd quarter financial results were announcedRepurchase of up to 50 billion yen of treasury stockIt was decided, and the upper limit for the current fiscal year was raised to 250 billion yen.If PBR is doubled, the total market value will be over 12 trillion yen by simple calculation, reversing the current total market value of BYDThat's going to happen.

Issues for the big 3 domestic automobiles are strategies in the Chinese market, where EV price reduction competition is spreading, and competition in the global market with Chinese manufacturers such as BYD, which is leading the way in EV development.
The reason for the stalling of Nissan Motor Co., Ltd. can also be seen as not being able to make up for the slump in the Chinese market in North America and Japan。Competition for EV price cuts is intensifying in the Chinese market, and overseas players, including Tesla, are strugglingDoing it.
Toyota also surpassed the previous year's sales volume in the Chinese market in the 3rd quarter, but Toyota's sales volume in 23 alone fell 1.7% below the previous year.
Honda saw a significant increase in the number of units sold in the Chinese market in the 3rd quarter, but from the financial results,While getting involved in discount competition, sales volume increased due to sales promotion activitiesThings can be read. Results for the third quarter (October-December) in Asia (excluding Japan), where sales in China account for 70 to 80 percent, were up 7.1% from the same period last year, while sales increased 7.1% from the same period last year, operating profit decreased 30.1%. The Sankei Shimbun dated 23/11/3 reports that “sales promotion activities due to discounts etc. during consecutive holidays associated with National Day (National Day) contributed” to Honda's sales in China in October of the same year.

Competition with local manufacturers in the Chinese market remains the same in the global market. According to the Nihon Keizai Shimbun dated 1/31,As for global automobile exports in '23, China, led by EVs, surpassed Japan's, and Japan fell to the top position since '16It became.
Currently, there is momentum for hybrid cars over EVs in Europe and America due to the slowdown in the Chinese economy and cuts in subsidies from governments of various countries for EVs, etc. In the short term, dominating the competition with a diverse lineup, including hybrid vehicles, which Japan excels at, and increasing the commercial power of EVs in the medium term, seems to be a key point for narrowing the difference in total market value with US and Chinese EV manufacturers.