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Mitsubishi Motors Corporation (JP:7211)
:7211
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
23.43Last Year’s EPS
23.7Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 7.90%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in North America and the domestic market, along with notable achievements like the Design Car of the Year award and the start of overseas EV production. However, these positives were offset by global sales volume declines, challenges in the ASEAN region, and increased costs affecting profit, leading to a balanced overall sentiment.Company Guidance
During the third quarter of FY 2023 earnings call for Mitsubishi Motors, Kentaro Matsuoka outlined the company's financial performance and strategic initiatives. Despite resolving vehicle supply shortages caused by semiconductor and vessel constraints, demand remained below expectations in some regions. Mitsubishi achieved a 14% year-on-year increase in net sales to JPY 263.9 billion, while operating profit rose by 4% year-on-year to JPY 160.1 billion with an operating profit margin of 7.8%. Ordinary profit reached JPY 166 billion, and net income was JPY 102.8 billion, influenced by restructuring costs in China. Retail sales volume decreased by 7% year-on-year to 585,000 units due to logistical challenges and sluggish demand. The year-on-year operating profit improvement was driven by a JPY 64.7 billion increase from volume and mix/selling price, despite a JPY 22.1 billion reduction from increased sales expenses and a JPY 29 billion deterioration from shipping and factory costs. Additionally, R&D expenses grew by JPY 5.7 billion, and other expenses increased by JPY 17.8 billion. Currency fluctuations had a favorable effect of JPY 16.3 billion. The company plans to maintain its profit forecast amid a challenging business environment, while focusing on new product launches and a midterm plan to roll out 12 new models, including seven electrified vehicles, by 2025.Increase in Net Sales and Operating Profit
Net sales increased 14% year-on-year to JPY 263.9 billion, and operating profit increased 4% year-on-year to JPY 160.1 billion with an OP margin of 7.8%.
North America and Domestic Market Growth
The North American market showed robust retail sales and increased fleet demand, with improved inventory levels and strong sales momentum for the OUTLANDER series. The domestic Japanese market also recorded a significant year-over-year increase due to resolving vehicle supply shortages.
Design Car of the Year Award
The Delica Mini won the Design Car of the Year award at Japan Car of the Year 2023-2024, marking the first time the company received this award.
First Overseas EV Production
The company started production of the L100EV, a light commercial electric vehicle, in Indonesia, indicating a strategic move to meet growing EV demand in the ASEAN region.
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JP:7211 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:7211 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | ¥424.20 | ¥420.90 | -0.78% |
| Jul 23, 2024 | ¥458.83 | ¥459.13 | +0.06% |
| May 08, 2024 | ¥467.56 | ¥464.62 | -0.63% |
| Feb 01, 2024 | ¥457.45 | ¥459.10 | +0.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mitsubishi Motors Corporation (JP:7211) report earnings?
Mitsubishi Motors Corporation (JP:7211) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Mitsubishi Motors Corporation (JP:7211) earnings time?
Mitsubishi Motors Corporation (JP:7211) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Mitsubishi Motors Corporation stock?
The P/E ratio of Mitsubishi Motors is N/A.
What is JP:7211 EPS forecast?
JP:7211 EPS forecast for the fiscal quarter 2024 (Q3) is 23.43.
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