Mitsubishi Motors reports sharp profit decline, net loss in Q2

Mitsubishi Motors Corporation reported consolidated revenue of JPY 1,261,259 million for the second quarter of the fiscal year ending March 2026, a 3.5% decrease from the same period last year. Operating profit plummeted by 81.0% to JPY 17,253 million, while ordinary profit fell 77.1% to JPY 15,824 million. The company recorded a net loss attributable to owners of the parent of JPY 9,231 million, a substantial decline from a profit of JPY 37,951 million in the prior year's interim period.

Diluted earnings per share were a negative JPY 6.90, compared to JPY 25.52 previously. Total assets stood at JPY 2,158,772 million, and equity attributable to owners of the parent was JPY 852,322 million. The company's equity ratio was 40.2%. For the full fiscal year ending March 2026, Mitsubishi Motors forecasts revenue of JPY 2,820,000 million, operating profit of JPY 70,000 million, and a net profit attributable to owners of the parent of JPY 10,000 million, equating to JPY 7.47 per share.