|By JCN Newswire||
|February 5, 2013 12:32 AM EST||
MMC posted a consolidated net sales of 1,282.6 billion yen for the first three quarters of fiscal 2012 (April 1 through December 31, 2012), a 1% or 10.5 billion yen decrease over the same period last fiscal year. Although wholesale volume increased, the decrease was mainly due to the impact of the strong yen.
MMC posted an operating income of 40.9 billion yen, an increase of 6% or 2.4 billion yen over the same period last fiscal year. The increase was due mainly to higher sales volume, improvements in the model mix and reductions in materials and other costs which together overcame such negative factors as the impact of the strong yen, increases in new model advertising and other selling costs as well as an increase in market measure costs resulting mainly from the minicar recall issued in December last year.
MMC posted an ordinary income of 52.4 billion yen, an increase of 81% or 23.5 billion yen over the first three quarters of FY2011 and posted a net income for the term of 17.3 billion yen, an increase of 27% or 3.7 billion yen year on year as a result of the company booking extraordinary losses including a loss on the sale of shares in its European production subsidiary.
Global retail sales volume for the first nine months of fiscal 2012 totaled 724,000 units, a decrease of 4% or 31,000 units over the same period last fiscal year. Sales volumes by region were as follows:
In Japan, MMC posted a cumulative sales volume of 92,000 units, a year-on-year decrease of 11% or 11,000 units. Despite the launch of the new Mirage in August and the new Outlander in October, the decrease in volume was mainly due to sluggish minicar sales.
In North America, MMC posted a cumulative sales volume of 62,000 units, a decrease of 24% or 20,000 units on the same period last year. Although United States sales of the Outlander Sport (RVR or ASX in other markets), which went into local production in July, increased over the same period last year, the decrease was due mainly to a drop in sales in the United States of the Eclipse, Eclipse Spyder, and the Endeavor following the termination of these U.S. market models in August 2011.
In Europe, MMC posted a cumulative sales volume of 135,000 units, a decrease of 22% or 39,000 units over the same period last year. Brisk sales in the Russian market helped by the introduction of the new Outlander model in July were not sufficient to counter a significant decrease in year-on-year sales in western Europe where overall demand remained sluggish.
In Asia & Other Regions, MMC posted a cumulative sales volume of 435,000 units, an increase of 10% or 39,000 units over the same period last year. Although sales volume decreased in North Asia and other regions, the volume increase stemmed mainly from strong sales in ASEAN bloc countries led by Thailand where the Mirage has fuelled a major increase in sales since its March release.
Revision to fiscal 2012 full-year forecasts
After examining the operating results for the first three quarters and recent changes in regional business climate and market trends, Mitsubishi Motors has decided to revise its fiscal 2012 full-year (April 1, 2012 through March 31, 2013) sales volume and consolidated earnings forecasts as follows:
- Sales volume: 1,010,000 units (34,000 units down from forecast published on October 30, 2012)
- Net sales: 1,810.0 billion yen (20.0 billion yen down)
- Operating income: 64.0 billion yen (16.0 billion yen down)
- Ordinary income: 62.0 billion yen (no change)
- Net income: 13.0 billion yen (no change)
For full details, please visit: www.mitsubishi-motors.com/publish/pressrelease_en/index.html.
Note on forward-looking statements:
All statements herein, other than historical facts, contain forward-looking statements and are based on Mitsubishi Motors Corporation's current forecasts, expectations, targets, plans, and evaluations. Any forecasted value is calculated or obtained based on certain assumptions. Forward-looking statements involve inherent risks and uncertainties.
About Mitsubishi Motors
Mitsubishi Motors Corporation (TSE: 7211) was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses. The company also operates consumer financing services and provides this to its customer base. For more information, please visit www.mitsubishi-motors.com.
Source: Mitsubishi Motors
Mitsubishi Motors Public Relations Department http://www.mitsubishi-motors.com +81-3-6852-4275
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 9, 2016 08:00 PM EST Reads: 294
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
Feb. 9, 2016 06:00 PM EST Reads: 474
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 9, 2016 06:00 PM EST Reads: 362
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 9, 2016 06:00 PM EST Reads: 186
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 9, 2016 05:00 PM EST Reads: 150
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 9, 2016 04:00 PM EST Reads: 224
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 9, 2016 04:00 PM EST Reads: 589
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 9, 2016 04:00 PM EST Reads: 193
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 9, 2016 03:45 PM EST Reads: 132
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 9, 2016 03:15 PM EST
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 9, 2016 03:00 PM EST Reads: 351
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Feb. 9, 2016 03:00 PM EST Reads: 164
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 9, 2016 03:00 PM EST Reads: 229
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 9, 2016 03:00 PM EST Reads: 182
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Feb. 9, 2016 02:45 PM EST