Mitsubishi Motors Corporation (MMC) has reported a slight decline in global revenues to JPY 1,976.5 billion (US$ 12.7 billion) in the first nine months of the current fiscal year (FY26), between April and December 2025. The Japanese automaker saw its operating profit drop by over 30% to JPY 31.6 billion (US$ 204 million), however, while also incurring a net loss of JPY 4.49 billion (US$ 28.9 million), compared with a JPY 33.2 billion net profit in the same period of the previous fiscal year.

The company blamed the deterioration in its performance on the US’ import tariff policy, which produced “significant headwinds earlier this fiscal year.” It said the global business environment continues to be “highly uncertain,” with Chinese manufacturers’ “aggressive export stance having intensified price competition in key global markets.”

MMC said its global vehicle sales fell by 6% to 589,000 units in the nine-month period, with sales in Southeast Asia falling by 4%. Deliveries also declined in North America and Europe, while sales in Japan were slightly higher at 84,700 units. The company reported separately that it produced 656,075 vehicles globally in the nine-month period, down almost 4% year-on-year.

Mitsubishi has revised upward its global revenue forecast for the full fiscal year (FY26) to JPY 2.90 trillion, up from its previous forecast of JPY 2.82 trillion, while its operating profit forecast was left unchanged at JPY 60 billion and its net profit forecast was also left at JPY 10 billion.

The company said in a statement: “Amid this challenging external environment, our results for the first nine months showed a year-on-year decrease in both net sales and profit. However, thanks to successful initiatives including the launch of new models, our earnings have recently bottomed out and are now showing a gradual recovery trend.”