Mitsubishi Motors Corporation (MMC) said it would postpone the announcement of financial results for the fiscal year ended 31 March, 2020, which was scheduled for 13 May, blaming the global virus outbreak.

"Due to the worldwide spread of COVID-19, the governments of each country have been taking measures to prevent the spread of the infectious disease. As a result, financial closing and audit work has been delayed at overseas consolidated subsidiaries in the Philippines and other countries," MMC said in a statement.

"Therefore, it is expected to take time to complete the financial closing process, including the audit procedures, and we have to postpone the announcement of our financial results.

The automaker now hopes to announce results on 19 May.