Mitsubishi Motors Corp., a leading Japanese automaker, announced on Wednesday that its net income for the fiscal year 2023, attributable to parent company shareholders, fell by 8.3% to 154.71 billion Japanese yen, down from 168.73 billion yen the previous year.
In terms of earnings per share, there was a decrease, moving from 113.36 yen the previous year to 103.96 yen in the fiscal year 2023. However, the company did see a slight increase of 0.2% in its operating income to 190.97 billion yen, a marginal rise from 190.50 billion yen the previous year.
There was an increase in net sales for the year, up 13.5% to 2.79 trillion yen from the previous year's 2.46 trillion yen.
Looking forward to the fiscal year 2024, Mitsubishi anticipates an attributable profit of 144 billion yen or 96.85 yen per share, marking a 6.9% decrease from the previous year. They predict operating income to be around 190 billion yen, showing a decrease of 0.5%. However, the company expects net sales to increase by 3.2%, reaching 2.88 trillion yen.