Will “The Last Frontier” be transformed in Africa!? Pay attention to leading brands that have expanded into Africa, such as Toyota Tsusho and Komatsu
It has been 30 years since the international conference “African Development Conference (TICAD)” led by Japan on the theme of African development was launched. Despite the fact that this year is not the year TICAD is held once every 3 years, the government held a commemorative event on the 26th.
As Africa is also called the “final frontier,” its high potential for future economic growth is attracting attention. According to the 2022 edition of the United Nations World Population Forecast, it is predicted that Africa's total population and its ratio to the world population will increase from 1,482 million people (17.7%) in 2022 to 2,463 million people (25.4%) in 2050, and reach 3,9135 million people (37.8%) in 2100. It is anticipated that it will grow into an attractive market in the future, both as a production base and as a place of consumption.
As Africa is also called the “final frontier,” its high potential for future economic growth is attracting attention. According to the 2022 edition of the United Nations World Population Forecast, it is predicted that Africa's total population and its ratio to the world population will increase from 1,482 million people (17.7%) in 2022 to 2,463 million people (25.4%) in 2050, and reach 3,9135 million people (37.8%) in 2100. It is anticipated that it will grow into an attractive market in the future, both as a production base and as a place of consumption.
What is ahead in expanding into Africa $Toyota Tsusho(8015.JP$That's it. The Nihon Keizai Shimbun reports that the company was the first Japanese company to exceed 1 trillion yen in sales in the African business in the fiscal year ending 2022/3. The company's final profit for the African business for the fiscal year ended 23/3 was 36.3 billion yen, up 40% from the previous year, accounting for 12.8% of the total. An additional 29% increase of 47 billion yen (16.8% of the total) is expected for the fiscal year ending 24/3.
$Komatsu(6301.JP$The African business for the fiscal year ended 23/3 was also doing well. Sales (construction machinery/vehicle division) rose 30% from the previous year to 177 billion yen, accounting for 5.4% of the total.
It seems that companies that are currently grasping a foothold for full-scale expansion into Africa can also be said to be brands where “sowing seeds” for future growth is progressing.
$Komatsu(6301.JP$The African business for the fiscal year ended 23/3 was also doing well. Sales (construction machinery/vehicle division) rose 30% from the previous year to 177 billion yen, accounting for 5.4% of the total.
It seems that companies that are currently grasping a foothold for full-scale expansion into Africa can also be said to be brands where “sowing seeds” for future growth is progressing.
Related stocks: $Toyota Tsusho(8015.JP$、 $Komatsu(6301.JP$、 $Nissan Motor(7201.JP$、 $Japan Tobacco(2914.JP$、 $Ajinomoto(2802.JP$
Source: Nihon Keizai Shimbun
Source: Nihon Keizai Shimbun
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