Mitsubishi Motors (7211) investor relations material

Executive summary

• Achieved year-over-year increases in net sales and operating profit in Q1 FY2026, progressing in line with plan despite market headwinds, geopolitical disruptions, and weaker demand in key markets.

• Net income was positive, with profit improvement initiatives and stronger sales measures offsetting adverse impacts; net income attributable to owners was ¥1.4 billion, up ¥0.7 billion year-over-year.

• Shipments to the Middle East resumed in June after securing alternative transportation routes.

• Maintained full-year outlook, focusing on new model launches, expanding destination markets, and sustaining profitability through higher-margin models.

Financial highlights

• Net sales rose 2% year-over-year to ¥619.9 billion; operating profit surged 80% to ¥10.1 billion; operating margin rose to 1.6%.

• Ordinary profit reached ¥9.7 billion, up ¥4.9 billion year-over-year.

• Net income was ¥1.4 billion, up 100% year-over-year.

• Retail sales volume declined 8% to 179,000 units year-over-year.

• Basic earnings per share: ¥1.05 (up from ¥0.55 year-over-year).

Outlook and guidance

• Full-year forecast maintained: net sales ¥3,260.0 billion (+13%), operating profit ¥90.0 billion (+19%), net income ¥25.0 billion (+150%), EPS ¥18.68.

• Retail sales volume forecast: 857,000 units (+8%).

• Dividend per share forecast: ¥10.00.

• Focus on launching new models, including the all-new Pajero, and expanding sales of models introduced in the second half of FY2025.

• No revisions to previously announced forecasts.