English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 6 February 2018, 09:05 HKT/SGT
Share:
    

Source: Mitsubishi Motors
Mitsubishi Motors Reports Nine-Month Financial Results for FY2017

TOKYO, Feb 6, 2018 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) has announced nine-month financial results for the period to December 31, 2017, and issued a new forecast for its full-year fiscal results ending March 31, 2018.

FY2017 Nine-Month Financial Results Highlights

For the nine-month period to December 31, Mitsubishi Motors reported revenues up 13% year-on-year to 1.52 trillion yen. Operating profits rose sharply to 64.6 billion yen, representing an operating margin of 4.3%, compared with an operating loss of 23.2 billion yen in the same period of fiscal 2016. The company generated net income of 70.1 billion yen for the latest nine-month period, reversing a net loss of 213.3 billion yen in the prior-year nine-month period.

Global sales performance

Global sales volume for the nine months ended December 31, 2017 increased 15% year-on-year to 777,000 units, reflecting strong demand in Japan, China and the ASEAN region.

Sales in Japan increased 24% year-on-year to 62,000 units. The growth was driven by the resumption of Kei-cars sales, with encouraging demand for models including the "eK Wagon" and "eK Space", as well as for the Delica D:5 and other "Active Gear" series.

In China, sales rose 63% year-on-year to 103,000 units due to demand for the localized Outlander.

ASEAN sales increased by 25% to 187,000 units due to the strong performance of the new XPANDER MPV, which was launched in October in Indonesia.

Sales of the new Eclipse Cross compact SUV have begun smoothly in Europe, which will be followed by other important markets including Oceania, North America and Japan. Demand for the Eclipse Cross is expected to contribute to future sales growth in the full-year and in fiscal 2018.

Osamu Masuko, Chief Executive Officer of Mitsubishi Motors, said: "Given our recovery trend and strong performance in the first nine months of the year, we have today revised our full-year forecast upwards. Demand for new models and increased operational efficiency gives us confidence that we will accomplish this goal for this fiscal year. We will also continue to make necessary investments to build a foundation for our future growth. Based on this outlook, we have revised the year-end dividend forecast from the previous forecast of 7 yen per share to 10 yen."

About Mitsubishi Motors

MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in MITSUBISHI MOTORS' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, MITSUBISHI MOTORS introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline -- a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today MITSUBISHI MOTORS is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com
+81-3-6852-4275


Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Mitsubishi Motors Links

http://www.mitsubishi-motors.com/en/index.html

https://www.facebook.com/MitsubishiMotors.en

https://twitter.com/mitsucars?lang=en

https://www.youtube.com/user/MitsubishiMotorsAd

https://ph.linkedin.com/company/mitsubishi-motors

Mitsubishi Motors Releated News
Aug 22, 2019 13:30 HKT/SGT
三菱自、コンパクトSUV『RVR』を一部改良
Aug 9, 2019 10:10 HKT/SGT
三菱自動車、人事異動を発表
Aug 8, 2019 18:20 HKT/SGT
Mitsubishi Motors to Introduce its Customers to a New Energy Plan by MC Retail Energy
Aug 8, 2019 14:11 HKT/SGT
MCリテールエナジー社が10月に提供開始する電動車向け電気料金プラン「毎晩充電し放題!プラン」を三菱自動車のお客様へ提案
July 31, 2019 15:31 HKT/SGT
三菱自動車、タイの累計輸出台数400万台を達成
More news >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575