5 Best Japanese Stocks To Buy Right Now

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1. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Holders: 10

Market Capitalization as of December 1: $248.76 billion

Toyota Motor Corporation (NYSE:TM) ranks first on our list of the best Japanese stocks to buy now, based on its $248.76 billion market capitalization. Toyota Motor Corporation (NYSE:TM) is a Japanese multinational automaker that is considered to be one of the largest global automobile manufacturers. Toyota Prius was Toyota Motor Corporation (NYSE:TM)’s first contribution to the hybrid EV category in 1997, making it a research, development, and innovation leader in the market. Today, Toyota Motor Corporation (NYSE:TM) produces over 40 models of electric vehicles. 

Fisher Asset Management is the leading Toyota Motor Corporation (NYSE:TM) stakeholder, with 4.79 million shares worth $853 million. Of the 867 hedge funds monitored by Insider Monkey as of Q3 2021, 10 funds were bullish on Toyota Motor Corporation (NYSE:TM), with a total stake value of $876.1 million. 

Reports on November 4 suggest that sales in the first half of FY2022 were up 36.1% year-over-year at Toyota Motor Corporation (NYSE:TM), and the EPS for the period amounted to 109.28 yen, comparable to the first half of FY2021 EPS of 45.04 yen. Dividends per share were also announced, amounting to 120 yen. 

It was revealed by Toyota Motor Corporation (NYSE:TM) on November 12 that the global production plan in December is expected to reach 800,000 units, incorporating the recovery from the impact of the previous production cutbacks. Toyota Motor Corporation (NYSE:TM)’s 14 plants and 28 production lines in Japan will be also be operating normally for the first time in seven months since May.

You can also take a look at 10 Meme Stocks that More than Doubled in 2021 and 10 Reddit Stocks that Flopped in 2021.

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