Japan · Delayed Price · Currency is JPY Mitsubishi Motors Earnings Call Transcripts
Fiscal Year 2026
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Net sales and profit declined globally year-over-year, but new model launches have driven a recovery trend. Full-year profit guidance and dividend are maintained, despite ongoing risks from tariffs, FX, and intense competition.
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Net sales and operating profit declined year-on-year due to challenging market conditions, with a net loss driven by one-time valuation and withdrawal losses. New models and structural reforms are expected to support future growth, but risks from tariffs and competition remain high.
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First quarter FY2025 saw a sharp drop in operating profit due to U.S. tariffs and global competition, despite stable sales volume. New model launches and a recent tariff agreement offer some relief, but uncertainty remains.
Fiscal Year 2025
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Third quarter FY 2024 results were pressured by slow market recovery, intensified price competition, and higher costs, leading to lower profits and a downward revision of full-year forecasts. Strong new model launches and cost controls are expected to support future performance.
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First half 2024 saw a 2% drop in sales and 13% decline in operating profit year-over-year, with retail sales up 5%. Market share grew in key regions despite macroeconomic headwinds, and the full-year forecast is maintained amid ongoing uncertainties.
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Q1 FY 2024 saw flat sales but significant declines in profit due to competition, inflation, and higher costs. New model launches and market share gains in some regions offset sluggish demand elsewhere. Outlook remains cautious amid macro and geopolitical uncertainty.
Fiscal Year 2024
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Nissan and Honda have signed an MOU to begin business integration talks, with Mitsubishi Motors considering participation. The integration aims to create a global mobility leader focused on electrification and vehicle intelligence, targeting significant synergies and a new holding company by 2026. Both companies must demonstrate strong independent foundations before proceeding.