Mitsubishi Motors announced that it expects consolidated net income for the fiscal year ending March 2027 to decline slightly year on year to ¥10 billion. Higher material costs resulting from heightened tensions in the Middle East are expected to weigh on results, while the recovery in sales in Southeast Asia is also expected to be delayed.
Mitsubishi Motors announced that consolidated net income for the fiscal year ending March 2027 is expected to decline slightly year on year to ¥10 billion. This marks a shift from its previous forecast of ¥25 billion to a decline in profit. Revenue is expected to be ¥2.96 trillion and operating income ¥70 billion, both below the previous forecasts.
Global sales are expected to decline 4% year on year to 764,000 vehicles, 93,000 below the previous plan. The company has factored in a decline in shipments to the Middle East and weaker demand resulting from higher crude oil prices.
President Kishiura Keisuke (岸浦 恵介) explained that the company had planned for sales in the Middle East to normalize from August onward, but revised its forecast downward because the impact is expected to continue into the second half.
For the six months from April to September 2026, consolidated revenue rose 4% year on year to ¥1.3088 trillion, while net income was a ¥2.9 billion loss, marking the second consecutive year of losses. A foreign-exchange loss of approximately ¥10 billion was also a burden.
The same day, it was disclosed that reservations in Japan for the SUV Pajero had reached 9,000 units, exceeding the domestic sales target of 4,000 units for fiscal 2026. The vehicle is scheduled to go on sale on 17 December.