Mitsubishi said today (13 June) it expects net profit to rise 28% in the current fiscal year as it makea up for lost output following the earthquake and tsunami disaster in March.
The earthquake hammered Japanese production and disrupted supplies of key components adding further problems for carmakers battling a strong yen, which has made domestic production more expensive and eroded overseas earnings.
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Carmaker have slowed production because of a shortage of parts, but Mitsubishi said it hopes to increase sales in the current year in North America, Asia and Europe.
Despite forecasting a JPY10bn (US$62m) loss for the first half, the automaker forecast a net profit of JPY20bn (US$124m) for the year to March 2012, compared with JPY15.62bn (US$93m) the year before.
The carmaker expects global sales to rise 9% from the previous year to 1.075 million vehicles.
