Click here to close now.




















Welcome!

News Feed Item

Mitsubishi Motors Corporation Announces Fiscal 2014 First Quarter Operating Results

Tokyo, July 30, 2014 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first quarter of the 2014 fiscal year (1Q FY2014) ending March 31, 2015.

1. Performance overview

MMC posted consolidated net sales of 513.8 billion yen over 1Q FY2014 (April 1 through June 30, 2014), a 25% or 104.4 billion yen increase over the same period last fiscal year.

MMC posted an operating income of 31.0 billion yen, an increase of 93% or 15.0 billion yen over the same period last fiscal year. Improvement in model mix, continuous efforts on reducing costs, as well as favorable foreign exchange rates contributed to the increase.

Other items include ordinary income at 32.6 billion yen, a 46% or 10.3 billion yen increase, and a net income of 28.2 billion yen, a 71% or 11.8 billion yen increase, both year-on-year. All profit indicators including operating income, ordinary income, and net income were all-time record highs for a first quarter. In particular, operating income for 1Q FY2014 marked five straight year-on-year first quarter increases.

2. Sales volume (Retail)

Global retail sales volume for 1Q FY2014 totaled 258,000 units, a 4% or 9,000-unit increase over the same period last fiscal year. Sales volumes by region were as follows:

Japan: Sales volume totaled 27,000 units for the term, a 2% or 1,000-unit decrease year-on-year. Although sales of minicar models remained at the same level over the same period last year, a year-on-year decrease in sales of registered vehicles negatively affected the total of the region.

North America: Sales volume amounted to 28,000 units for the term, a 22% or 5,000-unit increase year-on-year, driven by firm sales in the United States of the new Outlander SUV and Mirage compact model (Space Star in some markets) launched in FY2013, and the Outlander Sport (RVR or ASX in some markets).

Europe: Sales volume totaled 52,000 units, an 11% or 5,000-unit increase year-on-year. The increase was driven by the launch of the Outlander PHEV in the region.

Asia: Sales volume came to 84,000 units, a 3% or 3,000-unit increase year-on-year. Sales decreased in Thailand due to several factors, mainly continued decreased consumer sentiment due to the ending of the Thai government's First Car Buyer Program in December 2012 as well as political instability caused by the coup d'etat in the country; however, sales grew remarkably in China, mainly backed by the strong performance at GAC Mitsubishi Motors contributing to the positive increase for the region as a whole.

Other Regions: Sales volume totaled 67,000 units, a 4% or 3,000 unit year-on-year decrease. Although sales increased year-on-year in the Middle East and Africa region, sales decreased year-on-year in Australia and Latin America, which resulted in an overall decrease in sales for the region.

2. Fiscal 2014 forecasts

Mitsubishi Motors Corporation has decided to leave its consolidated forecasts announced on April 24, 2014 unchanged for both the first half of FY2014 as well as for the full-year of FY2014.

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

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com
+81-3-6852-4275


Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net

More Stories By JCN Newswire

Copyright 2008 JCN Newswire. All rights reserved. Republication or redistribution of JCN Newswire content is expressly prohibited without the prior written consent of JCN Newswire. JCN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.