MITSUBISHI MOTORS CORPORATION, First Half Ordinary Profit Decreases by 43%, July-September Ordinary Profit Decreases by 55%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Oct 30, 2024 5:35 pm JST Earnings

7211 MITSUBISHI MOTORS CORPORATION 【J-GAAP】

Earnings Report

MITSUBISHI MOTORS CORPORATION <7211> [TSE-P] announced its financial results after the market closed on October 30th (17:35). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 42.8% from the same period last year to 69.2 billion yen. The progress rate against the 190 billion yen full-year plan was 36.4%, also falling below the five-year average of 46.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 37.1% from the same period last year, reaching 120 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 26.8 billion yen, a 54.6% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 8.1%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	1,158,192	84,628	101,320	82,736	55.6	55.7	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	1,330,817	104,189	120,947	67,489	45.3	57.9	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	1,307,382	90,737	69,235	37,951	25.5	36.4	Oct 30, 2024	J-GAAP
YoY	-1.8%	-12.9%	-42.8%	-43.8%	-43.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	7.50	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	1,307,382	90,737	69,235	37,951	25.5	7.50	Oct 30, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,458,772	86,782	88,093	87,220	58.6	5	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,572,618	99,263	120,765	106,049	79.3	7.50	Oct 30, 2024	J-GAAP
YoY	+7.8%	+14.4%	+37.1%	+21.6%	+35.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,458,141	190,495	182,022	168,730	113.4	5	May 9, 2023	J-GAAP
Mar, 2024	2,789,589	190,971	209,040	154,709	104.0	10	May 8, 2024	J-GAAP
Mar, 2025 Guidance	2,880,000	190,000	190,000	144,000	107.6	15	May 8, 2024	J-GAAP
YoY	+3.2%	-0.5%	-9.1%	-6.9%	+3.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	695,064	59,031	59,136	19,540	13.1	8.5	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	733,038	55,912	45,051	35,266	23.7	7.6	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	725,734	30,870	43,042	51,954	34.9	4.3	May 8, 2024	J-GAAP
Apr - Jun, 2024	627,522	35,519	42,388	29,468	19.8	5.7	Jul 23, 2024	J-GAAP
Jul - Sep, 2024	679,860	55,218	26,847	8,483	5.7	8.1	Oct 30, 2024	J-GAAP
YoY	-2.2%	-6.5%	-54.6%	-56.6%	-56.6%