Mitsubishi Motors (7211) investor relations material

Executive summary

• FY2025 was marked by heightened uncertainty, including U.S. tariffs, Chinese competition, and evolving regulations, but profit was secured at the revised plan level.

• Operating profit reached ¥75.5 billion and net income was ¥10.0 billion for FY2025.

• New model launches, especially the Destinator, began to positively impact sales and profitability.

• FY2026 outlook anticipates operating profit of ¥90.0 billion, net income of ¥25.0 billion, and annual dividend of ¥10 per share.

Financial highlights

• Net sales for FY2025 were ¥2,896.5 billion, up 4% year-on-year; operating profit fell 46% to ¥75.5 billion.

• Net income dropped 76% year-on-year to ¥10.0 billion; retail sales volume declined 5% to 797,000 units.

• Ordinary profit was ¥78.9 billion; basic earnings per share declined to ¥7.48.

• Free cash flow decreased to ¥26.9 billion; capital expenditure was ¥85.3 billion, R&D expense ¥116.8 billion.

• Dividend per share was ¥10 for FY2025.

Outlook and guidance

• FY2026 forecast: net sales ¥3,260.0 billion (+13%), operating profit ¥90.0 billion (+19%), net income ¥25.0 billion (+150%), retail sales volume 857,000 units (+8%).

• Dividend per share forecast maintained at ¥10.

• Full-year contribution expected from new models, expansion into new markets, and launch of a new cross-country SUV.

• Cautious stance maintained due to ongoing uncertainty, with focus on sustaining at least ¥10 annual dividend.