Mitsubishi Motors Corporation has reported a 4% rise in global revenues to JPY 1,308.8 billion (US$ 8.2 billion) in the first half of the current fiscal year (FY27), covering the period between April and September 2026. The Japanese automaker’s operating profit surged by 77% to JPY 30.6 billion (US$ 193 million), while the company made a net loss of JPY 3 billion (US$ 19 million).

Global vehicle sales fell by 7% to 358,000 vehicles in the six-month period, with sales in Southeast Asia falling by 12% to 100,000 units; while sales in North America fell by 3% to 77,000 units; Latin America 71,000 units (+1%); and Japan 62,000 units (+4%).

Mitsubishi blamed the Middle East conflict and the sharp acceleration in the transition to electrified vehicles for its sales decline, particularly in Southeast Asia and Australia.

The company is forecasting full fiscal year (FY27) revenues to rise by 2% to JPY 2.96 billion, while its operating profit is forecast to decline by 7% to JPY 70 billion and its net profit is forecast to remain unchanged at JPY 10 billion.

Mitsubishi said cost reductions and foreign exchange fluctuations helped increase operating profits, but warned that further improvements in profitability are required.

The automaker said its strategy going forward is to “strengthen the brand around the all-new Pajero and focus on highly profitable models. With the Middle East conflict prolonged, higher fuel prices and the shift to electrified vehicles are expected to continue, while increases in material costs are expected to accelerate.”