OREANDA-NEWS. Mitsubishi Motors Corporation (MMC) announced its sales and financial results for the first nine months of the 2013 fiscal year (FY2013 3Q) ending March 31, 2014.

MMC posted a consolidated net sales of 1,518.7 billion yen for the first nine months of fiscal 2013 (April 1 through December 31, 2013), an 18% or 236.1 billion yen increase over the same period last fiscal year.

MMC posted an operating income of 55.4 billion yen, an increase of 135% or 96.3 billion yen over the same period last fiscal year. Negative factors such as decreased sales volume in Thailand and increases in sales expenses due to intensified competition in Australia, other ASEAN countries, and North America were overcome by steadily progressing reductions in material and other costs in addition to favorable foreign exchange rates.

Factors including foreign exchange gains contributed to an ordinary income of 116.4 billion yen, an increase of 122% or 64.0 billion yen over the first nine months of FY2012. Net income for the term came to 88.4 billion yen, an increase of 410% or 71.1 billion yen year-on-year.

Thus MMC has posted year-on-year increases in all profit indicators (operating income, ordinary income, net income). In addition the FY2013 3Q profits are the highest ever recorded for the first nine months of a fiscal year.

Global retail sales volume for the first nine months of fiscal year 2013 totaled 776,000 units, a 7% or 52,000-unit increase over the same period last fiscal year.

Mitsubishi Motors has decided to leave its full-year operating results forecast announced on December 20, 2013 unchanged. MMC forecasts a full-year sales volume of 1,065,000 units.