The automotive sector is further improving!? Company forecasts are still conservative due to continued expansion of production and depreciation of yen

All 7 automobile manufacturers revised their company plans upward in the financial results for the fiscal year ending September 23, but Bloomberg Intelligence (BI) also revised company plansGenerally conservativeSeemingly, the landing was led by Toyota Motor Corporation, Honda, and MazdaThere is a possibility that company plans can be exceededI anticipate that.

Expected increase in operating profit by 10% that exceeds the company plan for the current fiscal year
BI is due to production expansion due to mitigation of parts shortages, falling due to soaring expenses, strong demand for new cars, etc.An increase in operating profit over 2 years for the fiscal year ending 2024/3 and the fiscal year ending 25/3 is assumed.The total operating profit forecast for the seven companies for the fiscal year ending March 24Whereas company plans have increased 58%, BI forecasts have increased 68%That's it. In particular, BI predicts that Toyota Motor Corporation, Honda Motor Company, and Mazda will exceed company plans by 7-9%. The range of improvements in operating profit margins is also expected to be larger than expected by the company. Also, the estimated exchange rate for each company is 139-141 yen per dollar, which is higher than the current exchange rate, so if this situation continuesThe depreciation of the yen was a factor that boosted business resultsIt's going to be.

Only Toyota and Suzuki exceed PBR by 1 times
Even if good performance is expected,Of the 7 manufacturers, only Toyota Motor Corporation and Suzuki have a stock price-net asset ratio (PBR) greater than 1 timesIt remains at the same time, and it continues to be in a state where there is a strong sense of cheapness.

Stocks with the highest profit forecast are rising
BI predicts that stock prices in the automotive sector will continue to be strong. The one with the highest gain/fall rate since the beginning of the year is Toyota Tsusho, which is deeply involved in the Toyota Group's value chain,Benefits from Toyota Motor Corporation's production recoveryIt has received it well. Although the performance of Mitsubishi Motors was boosted by profits boosted by the depreciation of the yen, sales in Southeast Asia were sluggish and the stock price was not even unique. Toyota Motor Corporation, Toyota Tsusho, Mazda, Toyota Industries, Honda, Suzuki, Denso, etc. with the highest gain/fall rate are planning the highest profit for this fiscal year.