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

 Summary

MITSUBISHI Concept CA-MiEV
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)