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| Revision to Forecasts for FY2007 |
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Tokyo, October 30, 2007
— Mitsubishi Motors Corporation has, to reflect recent trends in its corporate performance, made the following changes to the consolidated results forecasts for the fiscal year ending March 31, 2008 which were announced on April 26, 2007.
In addition, the first-half consolidated results for the fiscal year ending March 31, 2008 announced today exceeded the forecasts announced on September 28.
- Revisions to consolidated results forecasts for fiscal year ending March 2008
| (million yen) |
| |
Revenue |
Operating
income |
Ordinary
income |
Net
income |
| Previous forecast (A) |
2,430,000 |
51,000 |
30,000 |
20,000 |
| Revised forecast (B) |
2,700,000 |
70,000 |
47,000 |
20,000 |
| Change in amount (B-A) |
270,000 |
19,000 |
17,000 |
- |
| Percentage change |
11.1% |
37.3% |
56.7% |
- |
(For reference)
Results for same period last fiscal year
(year ending March 2007) |
2,202,869 |
40,237 |
18,542 |
8,745 |
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- Reasons for revision to forecasts
The first-half consolidated results for the current fiscal year exceeded the forecasts for revenue, operating income and ordinary income originally announced on April 26, 2007 mainly due to increases in unit sales volumes in overseas markets, and to favorable effects stemming from the weaker yen. Therefore, the company revised upward its full-year forecasts originally announced on April 26, 2007. The net income forecast is unchanged because of expected increases in consolidated taxes.
- First-half consolidated results for fiscal year ending March 31, 2008
| (million yen) |
| |
Revenue |
Operating
income |
Ordinary
income |
Net
income |
| Previous forecast (A) |
1,270,000 |
15,000 |
△3,000 |
△15,000 |
| Results (B) |
1,313,408 |
18,830 |
6,632 |
△5,625 |
| Change in amount (B-A) |
43,408 |
3,830 |
9,632 |
9,375 |
| Percentage change |
3.4% |
25.5% |
321.1% |
62.5% |
(For reference)
Results for same period last fiscal year
(year ending March 2007) |
1,005,372 |
△5,517 |
△13,208 |
△16,101 |
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- Reasons why first-half consolidated results exceeded forecasts
Although the forecasts of April 26, 2007, for revenue, operating income and ordinary income were revised upward mainly due to increases in unit sales volume in overseas markets and to favorable effects stemming from the weaker yen, the first-half results announced today exceeded even that revised forecast. The September 28, 2007 forecast for revenue, operating income, ordinary income and net income was exceeded mainly due to further increases in unit sales volume in Europe, and to the fact that the yen exchange rate did not rise as was expected at the end of the term.
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