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Mitsubishi Motors Corporation - Revision to Results Forecast for FY2009

19.04.2010: Mitsubishi Motors Corporation has revised its consolidated forecast for fiscal 2009 (April 1, 2009 to March 31, 2010) from the previous forecast announced on April 27, 2009. 1. Revision of Consolidated Forecasts for Fiscal Year 2009 (April 1, 2009 to

Mitsubishi Motors Corporation has revised its consolidated forecast for fiscal 2009 (April 1, 2009 to March 31, 2010) from the previous forecast announced on April 27, 2009.
 
1. Revision of Consolidated Forecasts for Fiscal Year 2009 (April 1, 2009 to March 31, 2010)

 
   
Net Sales (millions of yen) Operating Income (millions of yen) Ordinary Income (millions of yen) Net Income (millions of yen) Net Earnings  Per Share (yen)


Previous forecast (A)  1,500,000   30,000   15,000 5,000 0.90

Revised forecast (B)   1,440,000   13,800  12,900 4,700 0.85

Change in amount (B-A) 60,000) (16,200) (2,100) (300) -

Change as percentage (4.0) (54.0) (14.0) (6.0) -

(For reference only)





Results for the last fiscal year ending March 2009

    1,973,572 3,926 (14,926) (54,883) (9.91)
 
2. Reasons for the revision

Regarding this fiscal year's consolidated results, due to factors such as a drop in sales volume as well as the Company being unable to realize some of its planned cost reductions, the forecast for operating income was revised down by 16.2 billion JPY from the previously announced forecast of 30.0 billion JPY.

Forecasts for ordinary income and net income were kept at about the same levels as the previously announced forecast mainly due to effects from the weakened yen rate at the end of the fiscal year.

   
    - Mitsubishi Motors, Tokyo -

Permanent-URL: http://www.automobilsport.com/mitsubishi-motors-corporation-revision-results-forecast-for-fiscal-year-2009---79143.html

19.04.2010 / MaP

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