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Mitsubishi Motors Corporation (JP:7211)
TSE/TYO:7211
Holding JP: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 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 15.63%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and successful product launches, contributing to growth and improved forecasts. However, challenges such as declining retail sales volume, especially in the ASEAN region, increased costs, and difficulties in the China market were significant issues.Company Guidance
In the second quarter earnings call for fiscal year 2024, Mitsubishi Motors reported an increase in net sales by 15% year-on-year to JPY 1,330.8 billion, and an operating profit increase of 23% to JPY 104.2 billion, with an operating profit margin of 7.8%. The ordinary profit reached JPY 120.9 billion, while net income was JPY 67.5 billion, impacted by losses in the China business and tax payments. The retail sales volume declined by 9% to 389,000 units, largely due to shortages in vessels and semiconductors, and a drop in demand, particularly in the ASEAN region. For the full fiscal year, the company revised its forecasts upwards, anticipating net sales of JPY 2,850 billion and operating profit of JPY 200 billion. However, the retail sales volume forecast was adjusted downward to 868,000 units. These adjustments reflect improved mix and selling prices, offset by logistical challenges and a more uncertain macroeconomic environment.Strong Financial Performance
Net sales for the first half of FY 2023 increased by 15% year-on-year to JPY 1,330.8 billion, and operating profit increased by 23% year-on-year to JPY 104.2 billion.
Positive Impact of Foreign Exchange
Foreign exchange rates had a positive effect of JPY 8.6 billion year-on-year due to the depreciation of the yen against the U.S. dollar and Euro.
Revised Earnings Forecast
The company revised its full-year forecast, increasing net sales from JPY 2,780 billion to JPY 2,850 billion and operating profit from JPY 170 billion to JPY 200 billion.
New Product Launch Success
New models such as the TRITON, XFORCE, and Delica Mini were launched, contributing to the company's growth phase.
Achievement in Motorsport
The all-new TRITON participated in the AXCR, finishing in third place overall and winning the Team Award.
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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 6.0.
What is JP:7211 EPS forecast?
JP:7211 EPS forecast for the fiscal quarter 2024 (Q3) is ¥23.43.
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