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Tokyo, April 27, 2016
Mitsubishi Motors Corporation Announces Full-year Fiscal 2015 Operating Results
Tokyo, April 27, 2016 - Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the full 2015 fiscal year (FY2015) ending March 31, 2016.
 
1. Full-year fiscal 2015 operating results
 
1. Performance overview
 
MMC posted consolidated net sales of 2,267.8 billion yen over the full term of FY2015 (April 1, 2015 through March 31, 2016), a 4% or 87.1 billion yen increase over the same period last fiscal year.
 
MMC posted an operating income of 138.4 billion yen, a 2% or 2.5 billion yen increase year-on-year. Despite negative factors such as worsening in foreign exchange rate and increase in costs on quality measures in the market, positive factors such as cost reductions and improvements in volume/model mix, among others contributed to the increase.
 
MMC posted an ordinary income of 141.0 billion yen, a 7% or 10.6 billion yen decrease year-on-year. Net income attributable to owners of the parent came to 89.1 billion yen, a 25% or 29.1 billion yen decrease year-on-year.
 
2. Sales volume (Retail)
 
Global retail sales volume for the full 2015 year totaled 1,048,000 units, a decrease of 4% or 42,000 units over the same period in FY2014. Sales volumes by regions were as follows. 
 
Japan: Despite sales volume increased with registered vehicles, decrease in minicars negatively affected totaling 102,000 units, a decrease of 13,000 units or 11% over the same period last year.
 
North America: Sales volume totaled 135,000 units, an increase of 18,000 units or 16% over the same period last year. The increase was driven by an increase in sales of the Outlander and Outlander Sport.
 
Europe: Sales volume in Western European area totaled 173,000 units, a year-on-year increase of 11% or 19,000 units, contributed mainly by sales increases in Germany and the United Kingdom. However, this increase could not offset the drop in sales volume in Russia where the economic environment worsened and prices rose due to a worsening currency situation, resulting in total of 206,000 units, a decrease of 9% or 21,000 units over the same period last year for the whole region.
 
Asia: Sales volume totaled 322,000 units, a year-on-year decrease of 6% or 22,000 units. Although sales increased in Thailand over the same period last year, led by the firm sales of the Pajero Sport which debuted in October, 2015, sales decrease in China and Indonesia negatively affected the total sales of the region.
 
Other Regions: Sales volume totaled 283,000 units, a decrease of 1% or 4,000 units over the same period last year.
 
2. Full-year fiscal 2016 forecasts
 
The full-year FY2016 (April1, 2016 through March 31, 2017) operating results forecasts will be put on hold at this time as MMC is now in the process of carefully assessing the future impact from "the improper conduct in fuel consumption testing on products manufactured by MMC" we announced on April 20, 2016. MMC will disclose information on the consolidated earnings forecast for fiscal 2016 as soon as it is available.
 

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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