Mitsubishi Motors Corporation has cut its net profit outlook for the current fiscal year from ¥25 billion to ¥10 billion, as the situation in the Middle East is expected to accelerate the shift to electric vehicles and reduce unit sales.
Mitsubishi Motors Corporation has cut its earnings outlook for the full fiscal year. Net profit is now expected to decline from the previous forecast of ¥25 billion to ¥10 billion.
The downgrade reflects expectations that the situation in the Middle East will accelerate the shift to electric vehicles and reduce unit sales.