Mitsubishi Motors Corporation has forecast continued growth in sales and income for the coming financial year after booking a 15% increase in net sales to JPY2.09 trillion (US$20.4bn) for fiscal 2013/2014.
Operating income for the year to 31 March, 2014 rose JPY56bn to JPY123.4bn with global sales rising 6% or 60,000 units to 1.047m.
Go deeper with GlobalData
Sales in Japan rose 7% to 143,000 units and 14% to 97,000 in North America. Volume in Europe was up 11% to 202,000 boosted by the launch of the Outlander plug-in hybrid.
However, sales in Asia fell 4% to 344,000. MMC noted growth in China, Indonesia and the Philippines wasn’t enough to offset a slump in Thailand.
MMC is forecasting sales in fiscal 2014/2015 will grow 10% to JPY2.3 trillion with unit sales increasing 13% to 1.18m.
The biggest growth is expected in Asia (excluding Japan) where MMC forecast a 25% jump to 431,000 units.
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.
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
