Mitsubishi focuses on ASEAN countries to meet FY2013 targets
Strengthens cooperation with Nissan to launch jointly-developed mini vehicles in Japan
2013/07/18
- Summary
- Emerging Markets: To achieve 12% market share in five major ASEAN countries
- Matured Markets: Improvement in production operations
- Plans for Green Vehicles and new models
- Japanese Market: Further collaboration with Nissan
- MMC aims at operating profit of JPY100 billion
Summary
Summary
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| MITSUBISHI Concept CA-MiEV Auto Shanghai 2013 |
Facing the last year of its mid-term business plan, Mitsubishi Motor Corporation (MMC) plans to exceed its targets by achieving JPY100 billion operating profit and JPY 50 billion net profit. The sales volume is expected to fall short of the mid-term target of 1.37 million units. MMC plans to boost sales to 1.169 million units in FY2013 mainly from the sales from ASEAN region to cover the loss of that of matured markets of Japan, Europe and the U.S. In FY 2012, approx. half of MMC's sales were achieved in "the Asia and other regions." MMC is promoting its global strategic models including the Thai-made Mirage. In Japan in June 2013, MMC has launched the eK Wagon, a new mini vehicle developed by MMC's and Nissan's joint venture, NMKV Co., Ltd,
Revenue and operating income by region |
| JPY 100 million |
| FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | FY2012 | FY2013 Plan |
||
|---|---|---|---|---|---|---|---|---|
| Revenue | Japan | 4,885 | 3,984 | 3,685 | 3,633 | 3,571 | 3,295 | 4,700 |
| North America | 4,027 | 2,322 | 1,754 | 1,898 | 1,952 | 1,577 | 2,100 | |
| Europe | 9,316 | 6,317 | 2,692 | 4,900 | 4,748 | 4,007 | 5,100 | |
| Asia & others | 8,593 | 7,113 | 6,325 | 7,854 | 7,802 | 9,272 | 10,800 | |
| Total | 26,821 | 19,736 | 14,456 | 18,285 | 18,073 | 18,151 | 22,700 | |
| Operating income |
Japan | (189) | (151) | (12) | 51 | 68 | (276) | (150) |
| North America | (178) | (396) | (282) | (279) | (262) | (200) | (40) | |
| Europe | 797 | 53 | 8 | (264) | (156) | (70) | 200 | |
| Asia & others | 656 | 533 | 425 | 895 | 987 | 1,220 | 990 | |
| Total | 1,086 | 39 | 139 | 403 | 637 | 674 | 1,000 | |
| Source: Supplemental Information release for Financial Results | |
| (Note) 1. | The above table shows the net sales and operating income to external customers classified by their location. Thus, this is different from the information by segment (sales and profits classified by each location of Mitsubishi and its consolidated subsidiaries). |
| 2. | MMC positions Russia, Ukraine, and Kazakhstan as emerging markets, although they are included in Europe in the above table. Also, it positions Australia as a mature market, although it is included in "Asia and others". |
| 3. | A figure in brackets ( ) indicates a loss. |
Rerated reports:
Nissan establishes mutual parts supply network in Japan, Korea and China (July, 2013)
Shanghai Motor Show 2013: Mitsubishi exhibits Pajero Sport/Lancer Fortis designed for China, starting production from 2013 (June, 2013)
Japanese OEMs aim for record high sales in FY2013 (June, 2013)
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