Q1 2020 Mitsubishi Motors Corp Earnings Presentation Transcript

Jul 24, 2019 / NTS GMT

Transcript

Unidentified Company Representative

Good evening, everybody. Thank you for joining our meeting to cover the FY 2019 first quarter earning results.

Since the end of last year, global automotive demand has been sluggish, and the yen's appreciation has also continued. This has created a challenging environment in fiscal 2019.

Today, we would like to begin with an explanation of the financial results for the first quarter of fiscal 2019. In addition, we would like to answer your question in time we have allowed.

Please refer to Page 3. First, sales in the first quarter of fiscal 2019 decreased 4% year-on-year to JPY 536.2 billion due to the restrained shipments to adjust distribution stock.

Operating profit fell significantly to JPY 3.9 billion from JPY 28.1 billion in the previous fiscal year. And OP margin was 0.7%

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