Q3 2020 Mitsubishi Motors Corp Earnings Presentation Transcript

Jan 31, 2020 / NTS GMT

Transcript

Koji Ikeya

Mitsubishi Motors Corporation - Representative Executive Officer, CFO and EVP of Finance, Controlling & Accounting

And this is Ikeya speaking. Would you please refer to -- take a look at Slide 3? First of all, in the third quarter of fiscal year 2019 on a year-to-date basis, the net sales decreased by 7% year-on-year to 1,616 -- JPY 1,666.9 billion, mainly due to decline in automotive demand worldwide. Operating profit declined sharply to JPY 3.6 billion from JPY 85 billion year-on-year, mainly due to the decreased unit sales and the impact of currency fluctuations. The OP margin decreased from 4.7% to 0.2%.

Ordinary profit was negative JPY 2.7 billion, mainly due to the impact of foreign exchange losses as nonoperating expenses. And net income amounted to negative JPY 11.8

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