— Mitsubishi Motors Corporation has revised its consolidated forecasts for the first half of fiscal 2008 (April 1 to September 30, 2008) from the original forecasts announced on April 25, 2008.
1. Revision of Consolidated Forecasts for the First Half of Fiscal Year 2008 (April 1 to September 30, 2008)
| |
Revenue |
Operating
income |
Ordinary
income |
Net
income |
| Previous forecast (A) |
1,250,000 |
15,000 |
10,000 |
0 |
| Revised forecast (B) |
1,214,000 |
25,000 |
20,500 |
12,500 |
| Change in amount (B-A) |
(36,000) |
10,000 |
10,500 |
12,500 |
| Change as percentage |
(2.9%) |
66.7% |
105.0% |
- |
(For reference only)
Results for the first half of last fiscal year (year ending March 2008) |
1,313,408 |
18,830 |
6,632 |
(5,625) |
2. Reasons for the revision
Revenue for the first half is expected to fall below the company's original forecast due mainly to slow unit sales. However, operating, ordinary, and net income are expected to exceed the original forecast due factors such as favorable foreign exchange rates, specifically the yen being weaker than expected during the period.
The company plans to report regarding the consolidated forecasts for the full fiscal year at the financial announcement for the first half due October 30, 2008.
