Tokyo, May 25, 2016 – Mitsubishi Motors Corporation (MMC) announces that it has recorded extraordinary loss in its consolidated and non-consolidated financial results for 2015 fiscal year ended March 31, 2016. The details are as follows.
1. Details for extraordinary loss
As announced on April 20, 2016, MMC discovered that in connection with the certification process for the mini-cars manufactured by MMC and regarding the fuel consumption testing data submitted to the Ministry of Land, Infrastructure, Transport, and Tourism, MMC conducted testing improperly to present better fuel consumption rates than the actual rates.
As the internal testing process was still ongoing with four mini-cars in question at the time the 2015 fiscal year financial results were announced on April 27, an estimation for the consequent extraordinary loss could not be determined. However, now the results from the internal testing are available; therefore based on those results MMC has estimated a portion of the loss from this issue and recorded an extraordinary loss of 19.1 billion yen as "loss on fuel economy test" in the financial results for the 2015 fiscal year ended March 31, 2016.
2. The amendment of the summary of consolidated financial results for the 2015 fiscal year
As MMC announced in "Notice Regarding Recording of Extraordinary Loss" today, MMC recognizes the effects of the subsequent events in its consolidated financial results for the year ended March 31, 2016 as "loss on fuel economy test." Please refer to the underlined items of attached documents for the detail of the amendment.
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