Mitsubishi Motors Corporation · TSE:7211
Mitsubishi Motors — Q2 2025 Earnings Presentation
26 slides from Mitsubishi Motors's earnings presentation, Nov 5, 2025
Slide 1: FY2025 Second-Quarter Financial Results
FY2025 Second-Quarter Financial Results November 5, 2025
Slide 2: Agenda
1. 1H/FY2025 Financial Results 2. FY2025 Financial Forecast 3. Business Highlights
Slide 3: 1H/FY2025 Financial Results Summary (vs. 1H/FY2024)
1H/FY2025 Financial Results Summary (vs. 1H/FY2024) First-Half (APR-SEP) Quarterly (Billion yen, 000 units) Variance FY2024 FY2025 1Q 2Q Amount Ratio Net Sales 1,307.4 1,261.3 -46.1 -4% 609.1 652.2 Operating Profit 90.7 17.3 -73.4 -81% 5.6 11.7 (OP Margin) (6.9%) (1.4%) (-5.5pp) (0.9%) (1.8%) Ordina
Slide 4: 1H/FY2025 Operating Profit Variance
1H/FY2025 Operating Profit Variance (vs. 1H/FY2024) FX rate(Yen) Effect (Billion yen) 1H/FY24 1H/FY25 (bill yen) USD 154 146 -8.2 +1.0 EUR 167 167 ±0 Environmental regulatory THB 4.26 4.42 -7.3 -3.4 compliance costs AUD 101 94 -6.9 Quality related 90.7 cost, etc. +4.3 PHP 2.69 2.60 -2.4 -10.9 Others
Slide 5: 2Q/FY2025 Operating Profit Variance
2Q/FY2025 Operating Profit Variance (vs. 2Q/FY2024) FX rate(Yen) Effect (Billion yen) 2Q/FY24 2Q/FY25 (bill yen) Quality related cost -0.3 USD 154 147 -3.2 Aftersales -0.4 -6.8 EUR 166 171 ±0 FX Impact on supplier -1.1 THB 4.30 4.51 -4.6 55.2 procurement Environmental regulatory AUD 101 96 -2.5 -3.6
Slide 6: 1H/FY2025 Retail Sales Volume Results
1H/FY2025 Retail Sales Volume Results (vs. 1H/FY2024) Retail sales (000 units) GLOBAL -24 (-6%) ASEAN -12 (-10%) 124 112 Australia/NZ -6 (-14%) 42 36 Latin America, Middle +4 (+6%) East/Africa, etc. 66 70 Japan +5 (+9%) 53 58 North America -11 (-12%) 91 Europe -2 (-8%) 80 5 China, others -2 (-29%) 7
Slide 7: Regional Status in 1H/FY2025: ASEAN and Oceania
Regional Status in 1H/FY2025 ASEAN and Oceania Retail Sales Volume / Market Share According to research 1H/FY2024 1H/FY2025 ASEAN 124k units 112k units Thailand 13k units (4.6%) 13k units (4.6%) Indonesia 36k units (8.3%) 32k units (8.5%) Philippines 45k units (19.4%) 42k units (18.8%) Vietnam 22k u
Slide 8: Regional Status in 1H/FY2025: Latin America and Middle East/Africa
Regional Status in 1H/FY2025 Latin America and Middle East/Africa Sales Volume 1H/FY2024 1H/FY2025 Latin America, Middle East/ 66k units 70k units Africa, etc. Latin America 28k units 34k units Middle East/ Africa, etc. 38k units 36k units Triton ◼ Latin America: Strengthen sales to private customer
Slide 9: Regional Status in 1H/FY2025: Japan, North America and Europe
Regional Status in 1H/FY2025 Japan, North America and Europe Sales Volume 1H/FY2024 1H/FY2025 Japan 53k units 58k units North America 91k units 80k units Europe 25k units 23k units Eclipse Cross ◼ Japan: Focus on further enhancing brand value and expanding market share by leveraging updated models ◼
Slide 10: FY2025 Financial Forecast
1. 1H/FY2025 Financial Results 2. FY2025 Financial Forecast 3. Business Highlights
Slide 11: FY2025 Financial Forecast (vs. FY2024)
FY2025 Financial Forecast (vs. FY2024) Variance (Billion yen, 000 units) FY2024 FY2025 Forecast (APR 2024 - MAR 2025) (APR 2025 - MAR 2026) Amount Ratio Net Sales 2,788.2 2,820.0 +31.8 +1% Operating Profit 138.8 70.0 -68.8 -50% (OP Margin) (5.0%) (2.5%) (-2.5pp) Ordinary Profit 98.6 60.0 -38.6 -39%
Slide 12: FY2025 Operating Profit Variance Forecast
FY2025 Operating Profit Variance Forecast (vs. FY2024) FX rate(Yen) Effect (Billion yen) FY24 FY25 (bill yen) USD 153 145 -21.7 +63.5 Environmental regulatory -12.0 EUR 163 162 -1.1 compliance costs THB 4.37 4.30 +7.2 +26.6 Indirect labor cost +9.0 AUD 100 92 -16.3 -32.0 General expenses, PHP 2.66 2
Slide 13: FY2025 Retail Sales Volume Forecast
FY2025 Retail Sales Volume Forecast (vs. FY2024) Variance from Retail sales initial (000 units) Forecast (as of May) GLOBAL +1 (+0%) -35 ASEAN +8 (+3%) -29 250 258 Australia/NZ -6 (-7%) -2 Latin America, Middle 86 80 East/Africa, etc. +2 (+1%) -12 139 141 Japan +10 (+8%) -2 118 128 North America -14
Slide 14: Business Highlights
1. 1H/FY2025 Financial Results 2. FY2025 Financial Forecast 3. Business Highlights
Slide 15: New Model Launches for ASEAN and Japan
New Model Launches for ASEAN and Japan Destinator eK Space and Delica Mini Delica D:5 ◼ Indonesia: Strong sales ◼ Major updates have been performance ◼ Sales began on October 29 implemented ◼ Pre-orders surpassed ◼ Since its announcement on ◼ Pre-orders began on 10,000 units as of the end September
Slide 16: New Model Launches for Europe
New Model Launches for Europe Grandis Eclipse Cross ◼ Production began in October 2025 ◼ Production will begin in Q3 of 2025 ◼ Launched sequentially in the European market ◼ Launched sequentially in the European market
Slide 17: Timely Structural Reform
Timely Structural Reform Addressing Change to Enter the Next Reform Phase China : Divestiture of Engine Business Thailand : Suspension of Operations at Third Plant TIV THB rate (Yen) (000 units) 900 5.00 800 4.80 700 4.60 4.40 600 4.20 500 4.00 400 3.80 300 3.60 200 3.40 100 3.20 0 3.00 FY21 FY22 FY
Slide 18: Mitsubishi Motors - Drive your Ambition
MITSUBISHI MOTORS Drive your Ambition
Slide 19: Appendix
APPENDIX 19
Slide 20: 1H/FY2025 Balance Sheet and Free Cash Flow
1H/FY2025 Balance Sheet and Free Cash Flow (vs. FY2024, 1H/FY2024) (Billion yen) FY2024 1H/FY2025 Variance (At end of MAR 2025) (At end of SEP 2025) Total Assets 2,245.9 2,158.8 -87.1 Cash & Deposits 452.5 325.0 -127.5 Total Liabilities 1,272.3 1,250.9 -21.4 Interest Bearing Debt 314.8 367.7 +52.9 T
Slide 21: 1H/FY2025 Capital Expenditure, R&D Expense and Depreciation
1H/FY2025 Capital Expenditure, R&D Expense and Depreciation CAPEX R&D Expense Depreciation ¥36.3bn ¥57.7bn ¥39.4bn +3% (YoY) -5% (YoY) +8% (YoY) Billion 6% ( ) yen 5% 4% 3% 2% 1% 0% 1 1H/FY2024 2 1H/FY2025 3 4 1H/FY2024 5 1H/FY2025 6 7 1H/FY2024 8 1H/FY2025 (APR-SEP 2024) (APR-SEP 2025) (APR-SEP 202
Slide 22: 1H/FY2025 Regional Performance
1H/FY2025 Regional Performance (vs. 1H/FY2024) Net Sales Operating Profit (Billion yen) 1H/FY2024 1H/FY2025 Variance 1H/FY2024 1H/FY2025 Variance (APR–SEP 2024) (APR–SEP 2025) (APR–SEP 2024) (APR–SEP 2025) GLOBAL 1,307.4 1,261.3 -46.1 90.7 17.3 -73.4 ‐ ASEAN 265.3 278.2 +12.9 15.8 10.7 -5.1 ‐ Austra
Slide 23: FY2025 Regional Sales Forecast
FY2025 Regional Sales Forecast (vs. FY2024) (Billion yen) FY2024 FY2025 Forecast Variance (APR 2024 - MAR 2025) (APR 2025 - MAR 2026) GLOBAL 2,788.2 2,820.0 +31.8 ‐ ASEAN 566.4 585.0 +18.6 ‐ Australia/NZ 321.1 310.0 -11.1 ‐ Latin America, Middle East/ 404.3 425.0 +20.7 Africa, etc. ‐ Japan 631.6 615
Slide 24: FY2025 Capital Expenditure, R&D Expense and Depreciation Forecast
FY2025 Capital Expenditure, R&D Expense and Depreciation Forecast CAPEX R&D Expense Depreciation ¥100.0bn ¥124.0bn ¥82.0bn -1% (YoY) -2% (YoY) +11% (YoY) Billion 6% ( ) yen 5% 4% 3% 2% 1% 0% FY2024 1 FY2025 2 3 FY2024 4 FY2025 5 6 FY2024 7 FY2025 8 APR 2024- APR 2025- APR 2024- APR 2025- APR 2024- A
Slide 25: FY2025 Shareholder Returns Forecast
FY2025 Shareholder Returns Forecast Dividend per Share: 10 Yen Forecast 14 Year-end (Outlook) 12 10 Year-end (Outlook) 8 6 4 Interim 2 0
Slide 26: Forward-Looking Statements
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