OREANDA-NEWS. Mitsubishi Motors Corporation (MMC) announced its and financial forecasts for the third quarter of the 2015 fiscal year (3Q FY2015) ending March 31, 2016 along with a full-year forecast revision.

MMC posted consolidated net sales of 1,622.0 billion yen for the first nine months of fiscal 2015 (April 1 through December 31, 2015), a 5% or 73.4 billion yen increase over the same period last fiscal year.

MMC posted an operating income of 102.0 billion yen, an increase of 1% or 1.2 billion yen over the same period last fiscal year. Despite an increase in costs on quality measures in market, positive factors such as cost reductions and improvements in volume/model mix, and others contributed to the increase.

MMC posted an ordinary income of 106.7 billion yen, a decrease of 11%, or 13.4 billion yen over the same period in FY2014. Net income attributable to owners of the parent came to 76.7 billion yen, a decrease of 22% or 21.9 billion year-on-year due to extraordinary loss of 15.3 billion recorded from terminating the production in the U.S.