Japanese automobile major Mitsubishi Motors Corp. (MMTOF.PK) reported Wednesday that its first-half net income attributable to owners of the parent dropped 43.8 percent to 37.95 billion Japanese yen from last year's 67.49 billion yen.
Earnings per share declined to 25.52 yen from 45.34 yen a year ago. Operating income declined 12.9 percent to 90.74 billion yen from last year's 104.19 billion yen.
Net sales for the first half dropped 1.8 percent to 1.31 trillion yen from 1.33 trillion yen in the same period last year.
Looking ahead to fiscal year 2024, the company continues to expect profit attributable of 144 billion yen or 96.85 yen per share, down 6.9 percent from last year. Operating income would be 190 billion yen, down 0.5 percent, while net sales are expected to rise 3.2 percent to 2.88 trillion yen.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.