Mitsubishi Motors FY25 profits plunge amidst challenging market

Mitsubishi Motors Corporation (TSE:7211) reported its consolidated financial results for the fiscal year ended March 31, 2025, revealing a significant decrease in profitability despite maintaining relatively stable sales. Net sales reached JPY2,788.2 billion, a marginal decrease from the previous year's JPY2,789.6 billion. However, operating profit declined by 27.3% to JPY138.8 billion, and ordinary profit fell sharply by 52.8% to JPY98.6 billion. The company attributed this decline primarily to the adverse impact of exchange rates, particularly the appreciation of the Thai baht, and increased fixed costs associated with inflation. Net income attributable to owners of the parent company experienced a steep decline of 73.5%, settling at JPY41.0 billion.