(March 28, Tokyo): Mitsubishi Motors announced today that because of
a decrease in domestic auto sales volume it has made a downward revision
to the projection for fiscal year 2000 (April 2000 to March 2001) that
was announced on Nov. 13th last year. The details are as follows.
1. Downward revision for FY2000 (April 2000 to March 2001)
| Consolidated Basis |
(In Million Yen)
|
| |
Sales
|
Ordinary Income
|
Net Income
|
| Provision in Nov. 2000(A) |
3,400,000
|
- 45,000
|
- 140,000
|
| Provision in Mar. 2001(B) |
3,300,000
|
- 90,000
|
- 270,000
|
| Difference (B-A) |
- 100,000
|
- 45,000
|
- 130,000
|
| (cf.)FY1999 Result |
3,334,974
|
- 3,758
|
- 23,331
|
| Non-consolidated Basis |
(In Million Yen)
|
| |
Sales
|
Ordinary Income
|
Net Income
|
| Provision in Nov. 2000(A) |
2,100,000
|
- 40,000
|
- 130,000
|
| Provision in Mar. 2001(B) |
2,000,000
|
- 80,000
|
- 350,000
|
| Difference (B - A) |
- 100,000
|
- 40,000
|
- 220,000
|
| (cf.)FY1999 Result |
2,106,552
|
6,336
|
515
|
2. Reasons for the Revision
Sales and ordinary income are estimated to be less than our projection
in November, mainly because of a decrease in domestic passenger cars
sales volume. There also will be an extraordinary loss because of restructuring
and recall-related costs. As a result, net income will be considerably
below our projection in November.
END
