Mitsubishi Motors has posted a first fiscal half operating loss of JPY32.5bn, JPY57.9bn down from a year ago, saying a drop in sales volume and the strong yen overcame cost cuts.

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The net loss of JPY36.4bn yen was down JPY49.2bn on last year’s net profit.


Sales fell 53% to JPY573bn.


MMC said H1 results were mostly in line with forecasts announced on 27 April.


Global retail sales volume fell 26% to 445,000 units with no regions showing increases.


MMC left its earlier full year forecast of sales volume of 932,000 units, net sales of JPY1.5 trillion, operating profit of JPY30bn yen and net profit of JPY5bn unchanged.

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