Mitsubishi Motors downward revision of earnings forecast Expected to significantly reduce profit by 66% November 6, 19:07
Mitsubishi Motors has revised its earnings forecast for the year to March next year downward, and operating profit, which represents the profit of the main business, is expected to decrease significantly by 66% from the previous forecast. Compared to the original plan, sales are expected to decrease in China and the United States, and the yen is stronger than expected.
Mitsubishi Motors has revised its one-year earnings forecast until March next year in the interim financial results announced on the 6th, and sales have decreased by 5% from the May forecast to 2,450.0 billion yen, with operating profit of 66.7 % Decrease to 30 billion yen.
This is because sales are expected to decrease in China and the US compared to the original plan, and the yen is stronger than expected in the foreign exchange market.
Mr. Takao Kato, CEO of Mitsubishi Motors, said, “We are trying to adjust our trajectory from scale expansion to a profit-oriented route. I would like to push forward with cost structure reforms without sanctuary, such as reducing the number of employees and narrowing down the regions and models to focus on development. "