Translation
November 2, 2022
Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending March 31, 2023[Japan
GAAP]
Company name:Mitsubishi Motors Corporation
Listing: | Prime Market, the Tokyo Stock Exchange |
Stock code: | 7211 |
URL: | https://www.mitsubishi-motors.co.jp/ |
Representative: Takao Kato, Representative Executive Officer, President and | |
Chief Executive Officer | |
Contact: | Keiko Sasaki, General Manager of IR Office |
TEL: +81-3-3456-1111 (from overseas)
Scheduled date to file quarterly Report: November 9, 2022
Scheduled date to deliver cash dividends: -
Quarterly earnings supplementary explanatory documents: Yes
Quarterly earnings presentation: Yes
1. Consolidated performance for the second quarter of fiscal year ending March 31,2023 (April 1, 2022 to September 30, 2022)
(Figures less than one million yen are rounded, unless otherwise noted) | ||||||||
(1) Consolidated operating results | (Percentages indicate year-on-year changes) | |||||||
Net income | ||||||||
Net sales | Operating income | Ordinary income | attributable to owners | |||||
of the parent | ||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | |
yen | yen | yen | yen | |||||
FY2022 2nd quarter | 1,158,192 | 30.1 | 84,628 | 236.0 | 101,320 | 274.2 | 82,736 | 281.8 |
FY2021 2nd quarter | 890,567 | 54.9 | 25,186 | - | 27,073 | - | 21,670 | - |
Reference: Comprehensive income | FY2022 2nd quarter: ¥130,176 million (906.9%) FY2021 2nd quarter: ¥12,928 million (-%) | |||
Net income | Net income | |||
per share-basic | per share-diluted | |||
Yen | Yen | |||
FY2022 2nd quarter | 55.60 | 55.59 | ||
FY2021 2nd quarter | 14.57 | 14.56 | ||
(2) Consolidated financial position
Total assets | Net assets | Equity ratio | ||
As of | Millions of yen | Millions of yen | % | |
September 30, 2022 | 2,014,323 | 758,422 | 36.3 | |
March 31, 2022 | 1,928,443 | 630,301 | 31.5 | |
Reference: Shareholders' Equity | As of September 30, 2022: ¥730,758 million As of March 31, 2022: ¥606,772 million |
2. Cash dividends
Cash dividend per share | |||||||||||||||||||||
Record | First quarter | Second quarter | Third quarter | Fiscal year end | Annual | ||||||||||||||||
Date | |||||||||||||||||||||
Yen | Yen | Yen | Yen | Yen | |||||||||||||||||
FY2021 | - | 0.00 | - | 0.00 | 0.00 | ||||||||||||||||
FY2022 | - | 0.00 | |||||||||||||||||||
FY2022 | - | - | - | ||||||||||||||||||
(Forecast) | |||||||||||||||||||||
Note: Revisions to the forecasts of cash dividends in the current quarter: No | |||||||||||||||||||||
Note: FY2022 dividends forecast has not yet been determined | |||||||||||||||||||||
3. Consolidated earnings forecasts for fiscal year 2022 (from April 1, 2022 to | |||||||||||||||||||||
March 31, 2023) | (Percentages indicate changes over the same period in the previous fiscal year) | ||||||||||||||||||||
Net income | Net income | ||||||||||||||||||||
Net sales | Operating income | Ordinary income | attributable to owners | ||||||||||||||||||
per share | |||||||||||||||||||||
of the parent | |||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||||||||||||
Full year | 2,530,000 | 24.1 | 170,000 | 94.7 | 180,000 | 78.3 | 140,000 | 89.1 | 94.07 | ||||||||||||
Note: Modifications in the consolidated earnings forecasts from the latest announcement: Yes
Note
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No
- Application of specific accounting treatment for preparing the quarterly consolidated financial statements: Yes
Please refer to "Consolidated financial statements (4) Notes to consolidated financial statements -Adoption of specific accounting policies for quarterly consolidated financial statement" in page 7 for details.
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards: Yes
- Changes in accounting policies due to other reasons: No
- Changes in accounting estimates: No
- Restatement: No
Please refer to "Consolidated financial statements (4) Notes to consolidated financial statements - Changes in accounting policies" in page 7 for details.
- Number of shares issued and outstanding (common stocks)
- Total number of shares issued and outstanding at the end of the period (including treasury stock)
As of September 30, 2022: | 1,490,282,496 | shares | ||
As of March 31, 2022: | 1,490,282,496 | shares | ||
(ii) Number of shares of treasury stock at the end of the period | ||||
As | of | September 30, 2022: | 1,990,075 | shares |
As | of | March 31, 2022: | 2,430,361 | shares |
- Average number of shares during the period (cumulative from the beginning of the fiscal year)
FY | 2022 | 2nd quarter: | 1,488,134,013 | shares |
FY | 2021 | 2nd quarter: | 1,487,733,532 | shares |
Note: The number of treasury shares at the end of each period includes shares of the Company held by the BIP Trust Account (1,103,450 shares as of September 30, 2022 and 1,137,650 shares as of March 31, 2022). The shares of the Company held by the BIP Trust Account is included in the number of treasury shares deducted in the calculation of average number of shares during each period(1,113,179 shares as of September 30, 2022 and 1,142,158 shares as of September 30, 2021).
* Quarterly review procedures:
As of when this summary of quarterly financial results have been released as flash report, we have not completed the review for the quarterly financial reporting required in accordance with the Financial Instruments and Exchange Act.
- Proper use of earnings forecasts, and other special matters:(Note for the description about financial forecast)
This material 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 different from the aforementioned statements due to changes in economic environments related to our business, market trends, fluctuations in interest rates and exchange rate, changes in laws, regulations and government policies, etc.
Potential risks and uncertainties are not limited to the above and Mitsubishi Motors is not under any obligation to update the information in this material to reflect any developments or events in the future.
If you are interested in investing in Mitsubishi Motors, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mitsubishi Motors nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mitsubishi Motors based on the information shown in this material.
(How to obtain additional information materials / details of the earnings release conference)
Additional information materials are disclosed on the MMC web site on the same day as publication of the results. In addition, an audio recording of the earnings release conference held on the same day will, together with the material used for the conference, be posted on the MMC website promptly following conference.
Quarterly consolidated financial statements
(1) Quarterly consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2022 | As of September 30, 2022 | ||
Assets | |||
Current assets | |||
Cash and deposits | 511,502 | 530,054 | |
Notes and accounts receivable - | 119,829 | 135,413 | |
trade, and contract assets | |||
Finance receivables | 222,463 | 225,561 | |
Merchandise and finished goods | 192,292 | 220,648 | |
Work in process | 43,293 | 37,462 | |
Raw materials and supplies | 64,006 | 65,312 | |
Other | 111,992 | 123,297 | |
Allowance for doubtful accounts | (9,459) | (12,582) | |
Total current assets | |||
1,255,920 | 1,325,169 | ||
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 85,110 | 84,924 | |
Machinery, equipment and vehicles, | 132,116 | 135,484 | |
net | |||
Tools, furniture and fixtures, net | 64,638 | 60,704 | |
Land | 123,068 | 125,586 | |
Construction in progress | 24,521 | 27,589 | |
Total property, plant and equipment | |||
429,455 | 434,289 | ||
Intangible assets | |||
38,273 | 37,162 | ||
Investments and other assets | |||
Investment securities | 98,433 | 104,268 | |
Other | 110,081 | 117,346 | |
Allowance for doubtful accounts | (3,720) | (3,913) | |
Total investments and other assets | |||
204,794 | 217,702 | ||
Total non-current assets | |||
672,523 | 689,153 | ||
Total assets | |||
1,928,443 | 2,014,323 | ||
1
(Millions of yen) | |||
As of March 31, 2022 | As of September 30, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 324,091 | 336,925 | |
Electronically recorded obligations - | 56,612 | 79,547 | |
operating | |||
Short-term borrowings | 21,778 | 21,475 | |
Commercial papers | 43,000 | 58,500 | |
Current portion of long-term | 292,134 | 70,405 | |
borrowings | |||
Accounts payable - other and accrued | 204,894 | 174,205 | |
expenses | |||
Income taxes payable | 8,487 | 7,173 | |
Provision for product warranties | 50,029 | 52,995 | |
Other | 83,144 | 93,884 | |
Total current liabilities | 1,084,173 | 895,113 | |
Non-current liabilities | |||
Long-term borrowings | 95,768 | 235,967 | |
Retirement benefit liability | 32,240 | 34,936 | |
Other | 85,960 | 89,882 | |
Total non-current liabilities | 213,968 | 360,787 | |
Total liabilities | 1,298,142 | 1,255,900 | |
Net assets | |||
Shareholders' equity | |||
Capital stock | 284,382 | 284,382 | |
Capital surplus | 199,837 | 199,632 | |
Retained earnings | 169,694 | 252,430 | |
Treasury shares | (1,382) | (1,018) | |
Total shareholders' equity | 652,531 | 735,427 | |
Accumulated other comprehensive | |||
income | |||
Valuation difference on available-for- | 1,111 | 1,329 | |
sale securities | |||
Deferred gains or losses on hedges | (31) | (4,655) | |
Foreign currency translation | (32,571) | 14,986 | |
adjustment | |||
Remeasurements of defined benefit | (14,267) | (16,328) | |
plans | |||
Total accumulated other | (45,759) | (4,668) | |
comprehensive income | |||
Share acquisition rights | 195 | 45 | |
Non-controlling interests | 23,334 | 27,619 | |
Total net assets | 630,301 | 758,422 | |
Total liabilities and net assets | 1,928,443 | 2,014,323 | |
2
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Mitsubishi Motors Corporation published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 08:19:06 UTC.