Mitsubishi Motors : Notice regarding Revision of Consolidated Financial Forecasts for Fiscal Year 2021(156KB)
April 26, 2022 at 04:10 am EDT
Share
April 26, 2022
Name of company: MITSUBISHI MOTORS CORPORATIONRepresentative:Takao Kato,
Representative Executive Officer, President & CEO
Contact:
(7211 TSE Prime) Keiko Sasaki,
General Manager of IR Office (TEL．03-3456-1111)
Notice regarding Revision of Consolidated Financial Forecasts for Fiscal Year 2021
At the meeting of the Board of Director held on April 26, 2022, Mitsubishi Motors have decided to revise the performance forecast for the period ending March 31, 2022 (April 1, 2021 to March 31, 2022) that was released at the time of the announcement of the third quarter financial results for the period ending March 31, 2022 on January 31, 2022, based on the recent trends in performance and other factors.
1. Revision of Consolidated Financial Forecasts for Fiscal Year 2021
(April 1, 2021 - March 31, 2022)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Basic earnings per share
Previously released forecast (A)
Millions of Yen 2,000,000
Millions of Yen 70,000
Millions of Yen 70,000
Millions of Yen 50,000
Yen 33.61
Revised forecast (B)
2,038,000
87,000
101,000
74,000
49.74
Variance (B - A)
+38,000
+17,000
+31,000
+24,000
-
Variance (%)
+1.9%
+24.3%
+44.3%
+48.0%
-
(Ref.) Results of previous fiscal year (Fiscal Year 2020)
1,455,476
-95,321
-105,203
-312,317
-209.88
2. Reason for the revision
Mitsubishi Motor revised its full-year consolidated financial forecast for the fiscal year ending March 31, 2021 as described above, reflecting an improvement in selling prices, model mix, and selling expenses, as well as external factors such as an improvement in foreign exchange rates, while including the impact of a decline in sales of vehicles due to a shortage of semiconductor supplies and other factors. The exchange rate assumptions of the US dollar and Euro are set at 112 yen and 130 yen, respectively. Mitsubishi Motors also revised the company's global sales forecast to 937,000 units.
This statement contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently available information. By nature, such statements are subject to uncertainty and risk. Therefore, you are advised that the final results might be significantly different from the aforementioned statements due to changes in economic environments related to our business, market trends, fluctuations in interest rates and exchange rate, changes in laws, regulations and government policies, etc.
Potential risks and uncertainties are not limited to the above and Mitsubishi Motors is not under any obligation to update the information in this statement to reflect any developments or events in the future.
If you are interested in investing in Mitsubishi Motors, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mitsubishi Motors nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mitsubishi Motors based on the information shown in this statement.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Mitsubishi Motors Corporation published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 08:09:04 UTC.
Mitsubishi Motors Corporation is one of the Japanese leaders of automotive construction. Net sales by activity break down as follows:
- sale of vehicles (98.3%): 937,000 vehicles (brands i-MiEV, Pajero Sport and RVR) sold in 2021/22 and broken down by country between Japan (75,000), Asia (331,000), Europe (131,000), North America (156,000) and other (244,000);
- financial services (1.7%): especially vehicle purchase financing services.
At the end of March 2022, the group had 29 production sites in the world.
Net sales break down geographically as follows: Japan (19.3%), Asia (23.7%), Europe (12.6%), North America (19.5%), Oceania (12.5%) and other (12.4%).
MITSUBISHI MOTORS CORPORATION 
