Mitsubishi Motors' financial results for the nine months up to December last year showed a large deficit of over 240 billion yen due to sluggish sales in Japan and overseas due to the impact of the new coronavirus.

On the other hand, we have revised upward the earnings forecast for the year to next month as cost reductions have progressed.

According to the announcement, sales for the entire group during the nine months from April to December last year were 952.7 billion yen, 42% less than the same period of the previous year.

The final profit / loss was a deficit of 243.9 billion yen.

The main factor was that sales were sluggish mainly in Southeast Asia, which is the main market due to the influence of the new coronavirus, and the number of vehicles sold worldwide during this period decreased by 65% ​​compared to the previous year.

On the other hand, regarding the one-year earnings forecast up to next month, the final profit and loss forecast has been so far, saying that it was possible to reduce costs by promoting structural reforms such as reducing labor costs and concentrating management resources on the main market. We have revised the deficit of 360 billion yen to a deficit of 330 billion yen.

CFO Koji Ikeya said in an online interview, "Structural reforms such as cost reductions are expected to progress more than expected, and the deficit is expected to be suppressed more than originally planned. However, in addition to the new coronavirus, there is a global shortage of semiconductors. Partly because of this, uncertainty about the future is increasing. "