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Actual Results and Revised Forecasts for FY2007

Tokyo, April 25, 2008 — Mitsubishi Motors Corporation hereby gives notice that the company's consolidated financial results for fiscal 2007 (April 1, 2007 to March 31, 2008) announced today have exceeded the forecasts given at the time of the announcement of its third quarter results on February 5, 2008
  1. Actual results and revised forecasts for FY07 ending March 31, 2008 (consolidated)
    (Million yen)
      Revenue Operating
    income
    Ordinary
    income
    Net
    income
    Previous forecast (A) 2,670,000 80,000 60,000 20,000
    Actual results (B) 2,682,103 108,596 85,731 34,710
    Change in amount (B-A) 12,103 28,596 25,731 14,710
    Change as percentage 0.5% 35.7% 42.9% 73.6%
    (For reference only)
    Results for last fiscal year
    (year ending March 2007)
    2,202,869 40,237 18,542 8,745

  2. Reasons why actual results exceeded forecasts

    Despite the booking of extraordinary losses including asset impairment charges, the risks*1 that the company assumed might arise right up to the final day of the fiscal year failed to materialize and for this reason the figures for net sales, operating income, ordinary income and net profit all exceeded the forecasted figures given on February 5, 2008.

    *1  Specifically these include: shipment risks stemming from a lack of shipping space; further in-creases in global cost of sales; a stronger Japanese yen; and the impact on sales of the closure of the Australian factory.

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