Mitsubishi Motors has reported a nine-month operating loss of JPY18.2bn, an improvement on the JPY81.5bn lost in the same period last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Higher unit volume and margins and a weaker yen helped the result, along with such factors as lower depreciation costs, lower sales promotion costs, mainly advertising, in the US and Europe; and lower warranty expenses mainly in Japan.


The automaker, which has struggled from a lack of new products and a lengthy vehicle recall scandal mainly in Japan, posted an ordinary loss of JPY33.8bn, a year-on-year improvement of 110.3bn, and a net loss of 68.1bn, an improvement of 160.1bn.


Net sales in the first three quarters of fiscal 2005 totalled JPY1,529.6bn, down 88.3bn over the same period last year (1,617.9bn). The decrease reflects lower unit volumes in North America and Europe that were not offset by an increase in revenues in Japan driven by the introduction of a new model.


Global market sales of Mitsubishi Motors vehicles in the first three quarters of the fiscal year totalled 985,000 vehicles, an increase of 34,000 on the 951,000 sold in the same period last year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In Japan, MMC sold 163,000 vehicles, a year-on-year increase of 17,000 that reflected strong sales of the new Outlander crossover SUV introduced last October.


In North America, the company sold 121,000 vehicles, 10,000 fewer than the same period last year. Sales grew steadily in Mexico and Puerto Rico but, in the US, failed to counter sharp rises in petrol prices and the ongoing cut back in fleet sales that is one of the measures the company is taking to “normalise” sales.


In Europe, Mitsubishi Motors sold 195,000 vehicles, a year-on-year increase of 24,000, driven by strong sales in Russia, Germany and the UK.


In Asia and other markets, MMC sold 506,000 vehicles, an increase of 3,000 over the same period last year. Slower sales in markets such as China were offset by firm growth mainly in Latin America, the Middle East, and Africa.