— Mitsubishi Motors Corporation has revised its consolidated forecasts for fiscal 2008 (April 1, 2008 to March 31, 2009) from the original forecasts announced on April 25, 2008.
1. Revision of Consolidated Forecasts for Fiscal Year 2008 (April 1, 2008 to March 31, 2009)
| |
Net
sales |
Operating
income |
Ordinary
income |
Net
income |
| Previous forecast (A) |
2,650,000 |
60,000 |
48,000 |
20,000 |
| Revised forecast (B) |
2,360,000 |
50,000 |
43,000 |
20,000 |
| Change in amount (B-A) |
(290,000) |
(10,000) |
(5,000) |
0 |
Change as percentage
(For reference only) |
(10.9%) |
(16.7%) |
(10.4%) |
- |
Results for the last fiscal year
(year ending March 2008) |
2,682,103 |
108,596 |
85,731 |
34,710 |
2. Reasons for the revision
Net sales, operating income, and ordinary income for fiscal 2008 is expected to fall below the company's original forecast announced on April 25, 2008 due mainly to slow unit sales stemming from the economic downturn and the stronger yen exchange rate. However, the company leaves its net income forecast unchanged.
