Impact of the suspension of sales of OEM kei vehicles and the fuel-economy certification issue
First written in FY2017-Q1. 3 of 6 entries say "Restated". Latest entry: FY2018-Q2.
0 other companies' latest entry also says "Restated".
- FY2018-Q2RestatedAnnual report
「Our Group's new-vehicle sales totaled 15,165 units, up 3,089 units, or 25.6%, from the same quarter of the prior year, supported by strong sales of the new Note equipped with e-POWER electrification technology, the new Serena equipped with ProPILOT intelligent driving technology and the new X-Trail, as well as the resumption of sales of kei vehicles (OEM vehicles) that had been suspended in the first quarter of the prior year.」
The resumption of sales of OEM kei vehicles continues to be cited as a factor behind the increase in first-half new-vehicle sales, with no decline in current-period sales attributed to the suspension. - FY2018-Q1MitigatedAnnual report
「Our Group's new-vehicle sales totaled 6,975 units, up 1,286 units, or 22.6%, from the same quarter of the prior year, supported by strong sales of the new Note equipped with e-POWER electrification technology and the new Serena equipped with ProPILOT intelligent driving technology, as well as the resumption of sales of kei vehicles (OEM vehicles) that had been suspended in the same quarter of the prior year.」
Sales of the OEM kei vehicles that had been suspended in the same quarter of the prior year resumed, and new-vehicle sales turned to a 22.6% year-on-year increase. The sales impact of the suspension was alleviated in the current quarter. - FY2017RestatedAnnual report
「In the automotive business, new-vehicle sales declined due to the impact of the suspension of sales of the kei vehicles "DAYZ" and "DAYZ ROOX" (OEM vehicles) and the transfer of the Canadian subsidiary's business, among other factors.」
The impact of the sales suspension remained throughout the fiscal year, with new-vehicle sales totaling 30,608 units, down 5.6% year on year. Meanwhile, ¥516 million of compensation and ¥195 million of impairment losses on inventory vehicles were also recognized. - FY2017-Q3RestatedAnnual report
「Our Group's new-vehicle sales during the cumulative third quarter of the current consolidated fiscal year totaled 19,312 units, down 2,736 units, or 12.4%, from the same quarter of the prior year, due to the impact of the suspension of sales of the kei vehicles "DAYZ" and "DAYZ ROOX" (OEM vehicles) and the transfer of the Canadian subsidiary's business, among other factors.」
The impact of the sales suspension continued through the cumulative third quarter, taking concrete form not only in lower unit sales but also in ¥516 million of compensation received and ¥195 million of impairment losses on inventory vehicles. - FY2017-Q2WorsenedAnnual report
「Our Group's new-vehicle sales during the cumulative second quarter of the current consolidated fiscal year totaled 12,076 units, down 3,125 units, or 20.6%, from the same quarter of the prior year, due to the suspension of sales of the kei vehicles "DAYZ" and "DAYZ ROOX" (OEM vehicles), recalls following the resumption of sales and the transfer of the Canadian subsidiary's business, among other factors.」
Additional recalls occurred after sales resumed, and the impact of the sales suspension issue continued and expanded into the first half. It also took concrete form in compensation received and impairment losses on inventory vehicles. - FY2017-Q1First statedAnnual report
「As a result of the suspension of sales of the kei vehicles "DAYZ" and "DAYZ ROOX" (OEM vehicles), as well as the transfer of the Canadian subsidiary's business, new-vehicle sales totaled 5,688 units, down 948 units, or 14.3%, from the same quarter of the prior year.」
Following the issue concerning Mitsubishi Motors' fuel-economy certification values, the suspension of sales occurred and took concrete form in lower unit sales, impairment losses on inventory vehicles and the recognition of compensation for lost profits and other items.