Mitsubishi Motors said it boosted fiscal 2018/9 sales revenue 14.7% year on year to JPY2,514.6bn while operating profit increased to JPY111.8bn from JPY98.2bn for an operating margin of 4.4%.
Global sales volume for the year to 31 March, 2019 rose 13% to 1,244,000 units.
In the ASEAN region, sales of the locally built Xpander MPV increased 17% to 318,000 as availability expanded from the launch (and build) market of Indonesia to the Philippines, Thailand, and Vietnam.
In Japan, sales of Eclipse Cross, Outlander PHEV and Delica D:5 helped lift volumes by 7% to 105,000 units maintaining a recovery trend.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
MMC ended the year by launching its new Kei-car line, the eK Wagon and eK Cross.
Sales volumes increased year-on-year in all regions, including 'bedrock market' Oceania and 'focus markets' North America and China, as well as other territories.
"Thus, we have largely achieved the full-year forecast for unit sales announced at the beginning of FY2018," MMC said.
It forecast global sales for fiscal 2019 would increase 5% year-on-year to 1,305,000 units.
Net sales revenue was projected to rise 3% year-on-year to JPY2,580.0bn.
"The company continues to focus on securing sustainable earnings in an increasingly uncertain market environment, and aims to achieve operating profit of JPY90bn and net profit of JPY65bn," the results statement concluded.
