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| Actual Results and Revised Forecasts for FY2007 |
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Tokyo, April 25, 2008
— Mitsubishi Motors Corporation hereby gives notice that the company's consolidated financial results for fiscal 2007 (April 1, 2007 to March 31, 2008) announced today have exceeded the forecasts given at the time of the announcement of its third quarter results on February 5, 2008
- Actual results and revised forecasts for FY07 ending March 31, 2008 (consolidated)
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Revenue |
Operating income |
Ordinary income |
Net income |
| Previous forecast (A) |
2,670,000 |
80,000 |
60,000 |
20,000 |
| Actual results (B) |
2,682,103 |
108,596 |
85,731 |
34,710 |
| Change in amount (B-A) |
12,103 |
28,596 |
25,731 |
14,710 |
| Change as percentage |
0.5% |
35.7% |
42.9% |
73.6% |
(For reference only) Results for last fiscal year (year ending March 2007) |
2,202,869 |
40,237 |
18,542 |
8,745 |
- Reasons why actual results exceeded forecasts
Despite the booking of extraordinary losses including asset impairment charges, the risks*1 that the company assumed might arise right up to the final day of the fiscal year failed to materialize and for this reason the figures for net sales, operating income, ordinary income and net profit all exceeded the forecasted figures given on February 5, 2008.
| *1 |
Specifically these include: shipment risks stemming from a lack of shipping space; further in-creases in global cost of sales; a stronger Japanese yen; and the impact on sales of the closure of the Australian factory. |
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