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Tokyo, July 30, 2015
Mitsubishi Motors Corporation Announces Fiscal 2015 First Quarter Operating Results
Tokyo, July 30, 2015 – Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first quarter of the 2015 fiscal year (1Q FY2015) ending March 31, 2016.
 
 
1. First quarter fiscal 2015 operating results
 
1. Performance overview
MMC posted consolidated net sales of 500.5 billion yen over 1Q FY2015 (April 1 through June 30, 2015), a 3% or 13.3 billion yen decrease over the same period last fiscal year.
 
MMC posted an operating income of 18.6 billion yen, a decrease of 40% or 12.4 billion yen over the same period last fiscal year. Decline in wholesales volume of minicars and the Outlander PHEV which is in its transition period for the model change negatively affected to volume and model mix resulting in the decrease.
 
MMC posted other items including an ordinary income of 24.1 billion yen, a 26% or 8.5 billion yen decrease, and a net income attributable to owners of the parent of 24 billion yen, a 15% or 4.2 billion yen decrease year-on-year.
 
 
2. Sales volume (Retail)
Global retail sales volume for 1Q FY2015 totaled 262,000 units, a 1% or 4,000-unit increase over the same period last fiscal year. Sales volumes by region were as follows:
 
Japan: Sales volume totaled 18,000 units for the term, a 35% or 9,000-unit decrease year-on-year. Sales of both minicar models and registered vehicles decreased over the same period last year.
 
North America: Sales volume amounted to 35,000 units for the term, a 25% or 7,000-unit increase year-on-year, driven by firm sales in the United States mainly of the Mirage compact model (Space Star in some markets).
 
Europe: Sales volume totaled 55,000 units, a 6% or 3,000-unit increase year-on-year. Despite sales volume dropped in Russia where economic situation worsened, the sales increase in Western Europe led by Germany and the U.K. which contributed to the overall increase for the region.
 
Asia: Sales volume came to 78,000 units, an 8% or 6,000-unit decrease year-on-year, due to economy in Thailand remained sluggish and speed of market growth declined since beginning of this fiscal year in China.
 
Other Regions: Sales volume totaled 76,000 units, a 14% or 9,000 unit year-on-year increase, where sales mainly increased in the Middle East and Africa over the same period last year.
 
 
2. Fiscal 2015 forecasts
 
Mitsubishi Motors Corporation has decided to leave its consolidated forecasts announced on April 24, 2015 unchanged for both the first half of FY2015 as well as for the full-year of FY2015.
 

Note on forward-looking statements:
All statements herein, other than historical facts, contain forward-looking statements and are based on Mitsubishi Motors Corporation's current forecasts, expectations, targets, plans, and evaluations. Any forecasted value is calculated or obtained based on certain assumptions. Forward-looking statements involve inherent risks and uncertainties. A number of significant factors could therefore cause actual results to differ from those contained in any forward-looking statement. Significant risk factors include:

  • Feasibility of each target and initiative as laid out in this news release;
  • Fluctuations in interest rates, exchange rates and oil prices;
  • Changes in laws, regulations and government policies; and
  • Regional and/or global socioeconomic changes.

Potential risks and uncertainties are not limited to the above and Mitsubishi Motors Corporation is not under any obligation to update the information in this news release to reflect any developments or events in the future. If you are interested in investing in Mitsubishi Motors Corporation, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mitsubishi Motors Corporation nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mitsubishi Motors Corporation based on the information shown in this news release.

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