Mitsubishi Motors (7211) investor relations material

Executive summary

• FY2025 profit aligned with revised plans despite a challenging environment marked by heightened uncertainty, U.S. tariffs, and increased competition from Chinese manufacturers.

• New model launches, especially the Destinator and refreshed Delica series, positively impacted sales and profitability.

• FY2026 outlook anticipates continued challenges from geopolitical risks and inflation but expects higher profit and net income, leveraging new models and market expansion.

Financial highlights

• FY2025 net sales reached ¥2,896.5 billion, up 4% year-on-year; operating profit was ¥75.5 billion, down 46% year-on-year; operating margin at 2.6%.

• Net income totaled ¥10.0 billion, down 76% year-on-year; ordinary profit was ¥78.9 billion.

• Retail sales volume was 797,000 units, a 5% decrease year-on-year.

• Year-end and annual dividend set at ¥10 per share.

• Free cash flow decreased to ¥26.9 billion from ¥45.0 billion year-over-year.

Outlook and guidance

• FY2026 targets: net sales of ¥3,260 billion (+13%), operating profit of ¥90 billion (+19%), net income of ¥25 billion (+150%), and retail sales volume of 857,000 units (+8%).

• Dividend per share forecast maintained at ¥10.

• Plans to launch a new cross-country SUV, expand sales of new models, and focus on cost reduction and earnings structure improvement.

• Retail sales volume expected to increase in all regions, with emphasis on ASEAN and Japan.