Mitsubishi Motors Corporation · TSE:7211
Mitsubishi Motors — Q1 2026 Earnings Presentation
27 slides from Mitsubishi Motors's earnings presentation, Aug 3, 2026
Slide 1: FY2026 First-Quarter Financial Results
FY2026 First-Quarter Financial Results August 3, 2026
Slide 2: Agenda
1. Financial Results Summary 2. FY2026 First-Quarter Financial Results 3. FY2026 Financial Forecast 4. Business Highlights 2
Slide 3: Financial Results Summary: 1Q/FY2026 Results and FY2026 Forecast
Financial Results Summary：1Q/FY2026 Results and FY2026 Forecast FY2026 Q1 Results ➢ Despite the continued headwinds, including the situation in the Middle East, we achieved increases in both net sales and profit and progressed in line with the plan by responding flexibly to changes in demand and man
Slide 4: Impact of the Situation in the Middle East
Impact of the Situation in the Middle East Middle East Philippines Thailand Australia 4 6 8 8 3 6 6 4 4 2 4 2 2 1 2 0 0 0 0 Feb Mar Apr May Jun Feb Mar Apr May Jun Feb Mar Apr May Jun Feb Mar Apr May Jun *Graph Data: Retail Sales Volume (000 units) 2025 2026 Q1 Q2 onward Sales volume impact: ▲15k un
Slide 5: Agenda: FY2026 First-Quarter Financial Results
1. Financial Results Summary 2. FY2026 First-Quarter Financial Results 3. FY2026 Financial Forecast 4. Business Highlights 5
Slide 6: 1Q/FY2026 Financial Results Summary (vs. 1Q/FY2025)
1Q/FY2026 Financial Results Summary (vs. 1Q/FY2025) Variance (Billion yen, 000 units) 1Q/FY2025 1Q/FY2026 (APR-JUN 2025) (APR-JUN 2026) Amount Ratio Net Sales 609.1 619.9 +10.8 +2% Operating Profit 5.6 10.1 +4.5 +80% (OP Margin) (0.9%) (1.6%) (+0.7pp) Ordinary Profit 4.8 9.7 +4.9 +102% Net Income* 0
Slide 7: 1Q/FY2026 Operating Profit Variance (vs. 1Q/FY2025)
1Q/FY2026 Operating Profit Variance (vs. 1Q/FY2025) (Billion yen) FX rate(Yen) Effect (Middle East effects) 1Q/FY25 1Q/FY26 (bill yen) USD 145 160 +7.3 -5.3 (-10.0) EUR 163 185 -0.3 ASEAN -5.2 THB 4.35 4.89 -8.0 Australia/NZ -2.8 (Middle East effects) AUD 92 112 +5.2 Latin America, Middle East/ -1.4
Slide 8: 1Q/FY2026 Retail Sales Volume Results (vs. 1Q/FY2025)
1Q/FY2026 Retail Sales Volume Results (vs. 1Q/FY2025) Retail sales Middle East (000 units) 194 effects 179 GLOBAL -15 (-8%) -15 54 ASEAN -4 (-7%) -12 50 Japan +1 (+4%) 28 Latin America, Middle 29 -1 (-3%) -1 East/Africa, etc. 34 Australia/NZ -5 (-28%) -2 33 18 North America -1 (-2%) 13 42 Europe -6
Slide 9: Regional Status in 1Q/FY2026: Japan
Regional Status in 1Q/FY2026 Japan Retail Sales Volume 1Q/FY2025 1Q/FY2026 Japan 28k units 29k units Non-Mini 11k units 14k units Mini 17k units 15k units Delica D:5 ◼ Non-Mini : Sales exceeded the previous year, driven by continued sales momentum for the new "Delica D:5" and other models ◼ Mini : S
Slide 10: Regional Status in 1Q/FY2026: ASEAN and Oceania
Regional Status in 1Q/FY2026 ASEAN and Oceania Retail Sales Volume / Market Share According to our research Middle East 1Q/FY2025 1Q/FY2026 effects ASEAN 54k units 50k units -12k units Thailand 7k units (4.4%) 5k units (3.1%) -2k units Indonesia 15k units (8.5%) 16k units (7.1%) -3k units Philippine
Slide 11: Regional Status in 1Q/FY2026: Latin America and Middle East/Africa
Regional Status in 1Q/FY2026 Latin America and Middle East/Africa Retail Sales Volume Middle East 1Q/FY2025 1Q/FY2026 effects Latin America, Middle East/ 34k units 33k units -1k units Africa, etc. Latin America 17k units 17k units Middle East/ Africa, etc. 17k units 16k units -1k units Triton ◼ Lati
Slide 12: Regional Status in 1Q/FY2026: North America and Europe
Regional Status in 1Q/FY2026 North America and Europe Retail Sales Volume 1Q/FY2025 1Q/FY2026 North America 42k units 41k units Europe 15k units 9k units Outlander ◼ North America: Maintained sales at the previous-year level through various initiatives, despite the discontinuation of the "Mirage“ ◼
Slide 13: Agenda: FY2026 Financial Forecast
1. Financial Results Summary 2. FY2026 First-Quarter Financial Results 3. FY2026 Financial Forecast 4. Business Highlights 13
Slide 14: FY2026 Financial Forecast (vs. FY2025)
FY2026 Financial Forecast (vs. FY2025) Variance (Billion yen, 000 units) FY2025 FY2026 Forecast (APR 2025 - MAR 2026) (APR 2026 - MAR 2027) Amount Ratio Net Sales 2,896.5 3,260.0 +363.5 +13% Operating Profit 75.5 90.0 +14.5 +19% (OP Margin) (2.6%) (2.8%) (+0.2pp) Ordinary Profit 78.9 80.0 +1.1 +1% N
Slide 15: Agenda: Business Highlights
1. Financial Results Summary 2. FY2026 First-Quarter Financial Results 3. FY2026 Financial Forecast 4. Business Highlights 15
Slide 16: Expansion of New Model Sales
Expansion of New Model Sales DESTINATOR XFORCE DELICA D:5 and DELICA MINI ➢ Continued expansion of markets and ➢ “DELICA D:5” sales volume despite the impact of the Retail sales volume rose to 1.5 times deterioration of the situation in the ➢ HEV model launched in Indonesia on the level of 1Q/FY2025
Slide 17: Mitsubishi Motors: Drive your Ambition
MITSUBISHI MOTORS Drive your Ambition
Slide 18: Appendix
APPENDIX 18
Slide 19: 1Q/FY2026 Balance Sheet (vs. FY2025)
1Q/FY2026 Balance Sheet (vs. FY2025) (Billion yen) FY2025 1Q/FY2026 Variance (As of MAR 31, 2026) (As of JUN 30, 2026) Total Assets 2,418.1 2,313.5 -104.6 Cash & Deposits 438.9 307.0 -131.9 Total Liabilities 1,454.8 1,351.9 -102.9 Interest-bearing Debt 395.4 413.6 +18.2 Total Net Assets 963.3 961.6
Slide 20: 1Q/FY2026 Capital Expenditure, R&D Expense and Depreciation
1Q/FY2026 Capital Expenditure, R&D Expense and Depreciation CAPEX R&D Expense Depreciation ¥9.9bn ¥27.9bn ¥21.9bn -18% (YoY) -7% (YoY) +16% (YoY) Billion 6% ( ) yen 5% 30.1 27.9 4% 21.9 3% 18.9 2% 12.1 9.9 1% 0 0% 1 1Q/FY2025 2 1Q/FY2026 3 4 1Q/FY2025 5 1Q/FY2026 6 7 1Q/FY2025 8 1Q/FY2026 (APR-JUN 2
Slide 21: 1Q/FY2026 Regional Performance (vs. 1Q/FY2025)
1Q/FY2026 Regional Performance (vs. 1Q/FY2025) Net Sales Operating Profit (Billion yen) 1Q/FY2025 1Q/FY2026 Variance 1Q/FY2025 1Q/FY2026 Variance (APR–JUN 2025) (APR–JUN 2026) (APR–JUN 2025) (APR–JUN 2026) GLOBAL 609.1 619.9 +10.8 5.6 10.1 +4.5 ‐ ASEAN 127.0 107.7 -19.3 5.5 2.3 -3.2 ‐ Australia /NZ
Slide 22: FY2026 Regional Net Sales Forecast (vs. FY2025)
FY2026 Regional Net Sales Forecast (vs. FY2025) (Billion yen) FY2025 FY2026 Forecast Variance (APR 2025 - MAR 2026) (APR 2026 - MAR 2027) GLOBAL 2,896.5 3,260.0 +363.5 ‐ ASEAN 613.5 710.0 +96.5 ‐ Australia/NZ 286.0 335.0 +49.0 ‐ Latin America, Middle East/ 452.8 460.0 +7.2 Africa, etc. ‐ Japan 659.4
Slide 23: FY2026 Operating Profit Variance Forecast (vs. FY2025)
FY2026 Operating Profit Variance Forecast (vs. FY2025) Incentives -7.2 (Billion yen) +59.8 Advertising +0.4 Environmental expenses regulatory -7.2 -6.8 compliance costs FX impact on 120.0 +30.8 supplier -2.4 -28.7 procurement, etc. +30.0 -30.0 -0.2 Procurement -9.6 90.0 +29.0 cost reduction +27.8 75
Slide 24: FY2026 Retail Sales Volume Forecast (vs. FY2025)
FY2026 Retail Sales Volume Forecast (vs. FY2025) Retail sales (000 units) 857 GLOBAL +60 (+8%) 797 ASEAN +21 (+9%) 266 245 Japan +18 (+15%) Latin America, Middle +14 (+10%) 140 East/Africa, etc. 122 Australia/NZ -2 (-3%) 141 155 North America -8 (-5%) 71 69 Europe +13 (+31%) 165 157 Others +4 (+36%)
Slide 25: FY2026 Capital Expenditure, R&D Expense and Depreciation Forecast
FY2026 Capital Expenditure, R&D Expense and Depreciation Forecast CAPEX R&D Expense Depreciation ¥140.0bn ¥117.0bn ¥88.0bn +64% (YoY) ±0% (YoY) +7% (YoY) Billion 6% ( ) yen 140.0 5% 116.8 117.0 4% 85.3 88.0 3% 82.6 2% 1% 0 0% FY2025 1 FY2026 2 3 FY2025 4 FY2026 5 6 FY2025 7 FY2026 8 APR 2025- APR 20
Slide 26: FY2026 Shareholder Returns Forecast
FY2026 Shareholder Returns Forecast Dividend per Share: ¥10 Forecast （ Yen） 14 15 12 10 10 10 10 期末 8 6 4 5 中間 2 0 FY2022 FY2023 FY2024 FY2025 FY2026 (Forecast） 26
Slide 27: Forward-looking statements disclaimer
This presentation contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently available information. By nature, such statements are subject to uncertainty and risk. Therefore, you are advised that the final results might be significantly differ