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Mitsubishi Motors Reports First-Quarter Results for Fiscal Year 2017

Pressemitteilung   •   Jul 25, 2017 09:00 CEST

Tokyo, July 25, 2017

Corporate

Mitsubishi Motors Reports First-Quarter Results for Fiscal Year 2017
- 'V-Shaped Recovery' on track for first three months -

Tokyo, Japan (July 25, 2017) - Mitsubishi Motors Corporation (MMC) today announced financial results for the three months to June 30, 2017.

[ Consolidated Summary (PDF: 1pages 23.4KB) ]
[ Financial Statements (PDF: 10pages 110KB) ]
[ Presentation (PDF: 31pages 1.9MB) ]
[ Additional Information Material (PDF: 2pages 96.8KB) ]

The company reported an operating profit of 20.6 billion yen on revenues up 2.8% at 440.9 billion yen for the first quarter of fiscal 2017, representing an operating margin of 4.7%. Net income reached 23.0 billion yen, reversing prior year losses of 129.7 billion yen.

Global sales reached 241,000 units, up 9.0% versus same period of the previous year. The sales increase reflected the resumption of kei car sales in Japan, which were suspended in the prior-year quarter after the fuel economy issue, as well as strong growth in China following the launch of locally-produced Outlander SUVs. Sales also increased in the ASEAN region, led by demand for SUVs and pick-up trucks.

Osamu Masuko, Chief Executive Officer, said: "Fiscal year 2017 is off to a solid start. We are seeing the benefits of increased operational rigor and efficiency, along with encouraging sales in key markets.

"Our V-shaped recovery is continuing, paving the way for sustainable growth. Synergies from the Nissan Alliance are also on track, making a further contribution to the company's overall performance."

Based on the company's first quarter results, MMC has reaffirmed the full year financial forecast for fiscal 2017, which was submitted to the Tokyo Stock Exchange this May.

About Mitsubishi Motors Corporation (MMC)

MMC is a Japanese automobile company which has a competitive edge in light trucks (pick-up trucks and SUVs) and in the ASEAN region. The company launched the first mass-produced electric vehicle in 2009, which was followed with a plug-in hybrid EV-based crossover in 2013. MMC, which has 30,000 employees, has a global footprint and has production facilities in Japan, Thailand, China, Indonesia, The Philippines and Russia. Models such as the Pajero Sport, Triton and Outlander play a major role in achieving its growth. Global sales volume in fiscal year 2016 was 926,000 units. MMC's net sales for fiscal year 2016 were 1.9 trillion yen. MMC is listed on the Tokyo Stock. Exchange.


[FULL STORY]
http://www.mitsubishi-motors.com/en/newsrelease/2017/detail1068.html

For further information, please contact:
Tetsuji Inoue
Public Relations Department

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MITSUBISHI MOTORS CORPORATION
33-8, Shiba 5-chome, Minato-Ku, Tokyo 108-8410 Japan Public Relations Department
TEL:03-6852-4274/4276
FAX:03-6852-5405
http://www.mitsubishi-motors.com/

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.

Die Mitsubishi Motors Corporation ist der älteste Automobil-Serienhersteller Japans. Bereits 1917 fertigte das Unternehmen das serienfähige Modell A in Kobe, es wurde von einem 2,8-Liter-Vierzylinder mit 35 PS angetrieben. 1921 begann die Produktion von Leichtlastwagen, 1934 entstand der erste Personenwagen mit Allradantrieb und Dieselmotor, der PX 33. Mit dem Geländewagen Pajero, dessen Wettbewerbsversion zwölf Mal die Rallye Paris Dakar gewann, hat Mitsubishi Geschichte geschrieben. Auch im On-Road-Rallyesport konnte die Marke punkten und gehört mit fünf Titeln als Rallye-Weltmeister zu den erfolgreichsten Autoherstellern dieses Wettbewerbs. Heute ist das Ziel nachhaltiger Mobilität in die Unternehmensstatuten eingebettet. Mit dem Elektrofahrzeug Mitsubishi Electric Vehicle gelang der Schritt in die E-Mobility, der Plug-in Hybrid Outlander ist das erste SUV Plug-in Hybrid mit Allradantrieb.

Die Deutschlandzentrale der MMD Automobile GmbH (MMDA), dem deutschen Importeur von Mitsubishi Fahrzeugen ist in Rüsselsheim angesiedelt. Das Unternehmen befindet sich in unmittelbarer Nähe des Finanzierungspartners, der MCE-Bank mit den Kfz-Werkstatträumen im nur wenige Kilometer entfernten Flörsheim. Ebenfalls in unmittelbarer Nähe, in Trebur, ist das europäische Entwicklungs- und Designzentrum von MMC.

Nicht weit vom jetzigen Standort begann im Jahre 1977 in Rüsselsheim die Auslieferung der ersten Fahrzeuge mit den drei Diamanten im Kühlergrill. In der mittlerweile 40-jährigen Firmengeschichte von Mitsubishi Motors in Deutschland wurden insgesamt mehr als 1,7 Millionen Fahrzeuge verkauft. Heute sind rund 500.000 zugelassene Mitsubishi Modelle auf deutschen Straßen unterwegs. Die Mitsubishi Modelle werden in Deutschland von Händlern an mehr als 600 Vertriebs- und Servicestandorten vertrieben.

Seit Anfang 2014 gehört die MMD Automobile GmbH mehrheitlich zur Emil Frey Gruppe Deutschland.