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Mitsubishi Motors (7211) investor relations material
Mitsubishi Motors Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
First quarter FY2025 saw a 3% year-over-year decrease in net sales and an 84% drop in operating profit, mainly due to new U.S. tariffs and intensified global competition.
Global vehicle sales for the quarter remained flat at 194,000 units year-over-year amid challenging market conditions and new US tariffs impacting sales activities.
Net sales declined 3% year-over-year to ¥609.1 billion, with operating profit dropping to ¥5.6 billion from ¥35.5 billion a year earlier.
Net income attributable to owners fell sharply to ¥0.7 billion, down ¥28.8 billion year-over-year.
Recent U.S.-Japan tariff agreement reduces the additional tariff from 25% to 15%, offering some relief but ongoing uncertainty.
Financial highlights
Operating profit fell to ¥5.6 billion, ordinary profit to ¥4.8 billion, and net income to ¥0.7 billion, all year-over-year declines.
Net sales: ¥609.1 billion, down 2.9% year-over-year.
Ordinary profit: ¥4.8 billion, down from ¥42.4 billion year-over-year.
Basic EPS: ¥0.55, compared to ¥19.82 in the prior year.
Foreign exchange rates negatively impacted results by ¥20.9 billion; tariffs cost ¥14.4 billion.
Outlook and guidance
Full-year forecast maintained: net sales ¥2,950 billion (+5.8%), operating profit ¥100 billion (+28.0%), net income ¥40 billion (+2.4%), EPS ¥29.89.
No revisions to previously announced earnings or dividend forecasts.
Focus remains on expanding market share and profitability through new model launches and strategic sales activities.
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