MITSUBISHI MOTORS CORPORATION : Announces Fiscal 2013 First Quarter Operating Results
07/30/2013 | 03:14am US/Eastern
Tokyo, July 30, 2013 - Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first quarter of the 2013 fiscal year (FY) ending March 31, 2014.
1. Performance overview
MMC posted a consolidated net sales of 409.4 billion yen for the first quarter of fiscal year 2013 (April 1, 2013 through June 30, 2013), a 2% or 9.9 billion yen decrease over the first quarter of fiscal 2012, showing a decrease in wholesale volume.
MMC posted an operating income of 16.0 billion yen, a 7% or 1.1 billion yen increase over the same ...view middle of the document...
North America: Sales volume amounted to 23,000 units. Although sales of the Outlander Sport (RVR or ASX in some markets) in the United States (locally produced since July 2012) increased over the same period last year, sales volume in the United States was affected by last year's production termination and subsequent drop in sales of the Galant. However year-on-year sales volume increases in Canada and Mexico offset this to bring the region's overall sales volume on par with the same period last year.
Europe: Sales volume totaled 47,000 units, a 1% or 1,000-unit increase year-on-year. Despite a decrease in total automobile demand in western Europe, year-on-year sales were boosted by the introduction of the all-new Outlander and Space Star/Mirage models, contributing to the overall year-on-year increase in the region. In addition, sales for the quarter in areas outside of western Europe remained on par with the same period last fiscal year.
Asia & Other Regions: Sales volume came to 151,000 units, a 9% or 11,000-unit increase year-on-year. In Thailand, the government's "first-car buyer" program came to an end at the end of last year, negatively affecting sales in the country and contributing to an overall year-on-year decrease for the ASEAN region. On the other hand all other areas outside of ASEAN (North Asia, Australia & New Zealand, Latin America, the Middle East & Africa) achieved year-on-year increases which contributed to the overall increase for the region.
3. Fiscal 2013 forecasts
As first quarter FY2013 results went mostly according to plan, MMC has decided to keep its consolidated forecasts announced on April 25, 2013 unchanged for both the first half of FY2013 (April 1, 2013 through September 30, 2013) as well as for the full year of FY2013 (April 1, 2013 through March 31, 2014).
AVAILABLE NOW! LABOR PRODUCTIVITY BENCHMARKS AND VERTICAL GAP ANALYSIS ON Mitsubishi Motors Corporation
San Diego - – Published today by ICON Group International, Ltd. Two of the most comprehensive studies to date on labor productivity and vertical gap analysis benchmarks for Mitsubishi Motors Corporation (OSA, TYO, OTH: 7211).
The methodologist for this unique study is Philip Parker, Eli Lilly Chair Professor of Innovation, Business and Society at INSEAD (Fontainebleau, France and Singapore). According to Professor Parker, “With the globalization of markets, greater foreign competition, and the reduction of barriers to entry, it becomes all the more important to benchmark a company’s financial indicators on a worldwide basis. World stock markets have recently witnessed a return to fundamental financial analysis. ” The goal of the reports is to assist consultants, financial managers, strategic planners, and corporate officers in gauging certain indicators of Mitsubishi Motors...