Q1 2022 Mitsubishi Motors Corp Earnings Presentation Transcript

Jul 27, 2021 / NTS GMT

Transcript

Koji Ikeya

Mitsubishi Motors Corporation - Representative Executive Officer, Executive VP & CFO

I am Koji Ikeya, Executive Vice President, and thank you very much for joining us despite your busy schedule.

First, I would like to give you a summary of the first quarter results. The business started in fiscal 2021 amid harsh external environments, such as the continuous lockdown, mainly in ASEAN countries, due to the rebound of the spread of COVID-19 and tight supply-demand conditions due to a shortage of semiconductors. On the other hand, we saw a significant year-over-year improvement in our performance due to a significant improvement in profitability resulting from successful introduction of a new OUTLANDER in North America and the sustained effects of structural reforms implemented since the previous fiscal year.

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