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mitsubishi motors corp (7211) Snapshot

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mitsubishi motors corp (7211) Details

Mitsubishi Motors Corporation designs, develops, manufactures, assembles, markets, sells, and imports automobiles. It operates through two segments, Automobile Business and Financial Service Business. The company also manufactures, imports, and sells automobile parts. It offers minicars and motors vehicles; and automobile engines, transmissions, and press parts. In addition, the company is involved in the product development, design, testing, and certification operations; and automobile inspection, maintenance, transport, storage, and packaging activities. Further, it is engaged in automobile financing and leasing business. The company sells its products in Japan, Asia, North America, Europe, and internationally. Mitsubishi Motors Corporation was founded in 1970 and is headquartered in Tokyo, Japan.

30,498 Employees
Last Reported Date: 06/24/15
Founded in 1970

mitsubishi motors corp (7211) Top Compensated Officers

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mitsubishi motors corp (7211) Key Developments

Mitsubishi Motors Corporation Reports Sales and Earnings Results for the First Quarter Ended June 30, 2015

Mitsubishi Motors Corporation reported earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported consolidated net sales of JPY 500.5 billion over first quarter of 2015 (April 1 through June 30, 2015), a 3% or JPY 13.3 billion decrease over the same period last fiscal year. The company posted an operating income of JPY 18.6 billion, a decrease of 40% or JPY 12.4 billion over the same period last fiscal year. The company posted other items including an ordinary income of JPY 24.1 billion, a 26% or JPY 8.5 billion decrease, and a net income attributable to owners of the parent of JPY 24 billion, a 15% or JPY 4.2 billion decrease year-on-year. Global retail sales volume for the first quarter ended June 30, 2015 totaled 262,000 units, a 1% or 4,000-unit increase over the same period last fiscal year.

Mitsubishi Motors to Close its Only U.S. Factory

Mitsubishi Motors confirmed that it plans to stop production at its only U.S. factory and sell the plant in central Illinois that has more than 1,200 workers.

Mitsubishi Motors Finds A Buyer For Illinois Site

Mitsubishi Motors Corporation (TSE:7211) is seeking a buyer for the Illinois site. Mitsubishi said on July 24, 2015 that it would stop making vehicles in the United States and is looking to sell its Illinois plant. "Following a review of Mitsubishi Motor Corporation's global supply chain, we have been informed it is necessary to end production and seek a strategic buyer for the Normal plant," Mitsubishi Motors North America said in a statement.


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7211 Competitors

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Daihatsu Motor Co Ltd ¥1,388 JPY -15.00
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Valuation 7211 Industry Range
Price/Earnings 8.0x
Price/Sales 0.4x
Price/Book 1.4x
Price/Cash Flow 7.4x
TEV/Sales 0.2x

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