ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Consumer Durables

Mitsubishi Motors Corp.

Business Summary

Mitsubishi Motors Corp. engages in the development, design, manufacture, assembly, sales, purchase, and import of automobiles and its related parts. It operates through the following segments: Automobile and Financial Services. The Automobile segment manufactures and sells general and small-sized passenger vehicles, mini vehicles, sports utility vehicles, as well as the inspection and maintenance of new vehicles in domestic market. The Financial Services segment includes automobile leasing and sales finance business. The company was founded on April 22, 1970 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit508,284M3,750.69M
Operating income190,496M1,405.69M
Income before tax168,129M1,240.64M
Net income168,731M1,245.08M
Diluted EPS113.350.83
Dividends Per Share50.03
Total Assets2,201.52B16,541.61M
Total liabilities1,371.14B10,302.38M
Total equity801,168M6,019.74M
Operating cash flow173,576M1,280.83M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,514.59B 2,270.27B 1,455.47B 2,038.90B 2,458.14B
Gross Profit 501,689M 376,061M 186,932M 382,942M 508,284M
Operating income 111,815M 12,788M -95,321M 87,332M 190,496M
Income before tax 118,352M 3,801M -298,289M 94,689M 168,129M
Net income 132,872M -25,778M -312,316M 74,037M 168,731M
EBITDA 173,994M 87,577M -29,404M 140,962M 250,628M
Diluted EPS 89.17 -17.32 -209.88 49.74 113.35
Dividends Per Share 20 10 0 0 5
Total Assets 2,010.30B 1,938.12B 1,856.27B 1,928.44B 2,201.52B
Total liabilities 1,129.10B 1,149.75B 1,331.02B 1,298.14B 1,371.14B
Total equity 872,141M 773,009M 508,258M 606,967M 801,168M
Operating cash flow 146,053M 18,786M -41,537M 118,114M 173,576M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 22,675.51M 20,880.75M 13,723.47M 18,144.17M 18,138.92M
Gross Profit 4,524.01M 3,458.80M 1,762.55M 3,407.78M 3,750.69M
Operating income 1,008.29M 117.61M -898.76M 777.16M 1,405.69M
Income before tax 1,067.24M 34.95M -2,812.52M 842.63M 1,240.64M
Net income 1,198.18M -237.09M -2,944.78M 658.85M 1,245.08M
EBITDA 1,569.00M 805.48M -277.24M 1,254.41M 1,849.41M
Diluted EPS 0.80 -0.15 -1.97 0.44 0.83
Dividends Per Share 0.18 0.09 0 0 0.03
Total Assets 18,162.43M 17,953.06M 16,798.90M 15,888.30M 16,541.61M
Total liabilities 10,201.04M 10,650.34M 12,045.47M 10,695.28M 10,302.38M
Total equity 7,879.48M 7,160.47M 4,599.62M 5,000.75M 6,019.74M
Operating cash flow 1,317.04M 172.78M -391.64M 1,051.09M 1,280.83M

Valuation Measures

Mar 2023
Operating margin7.74%
Profit margin6.86%

Key executives

  • President, Chief Executive Officer & Director: Takao Kato
  • CFO, Executive VP, Head-Finance & Accounting: Koji Ikeya
  • Chief Information Officer & Executive Officer: Masao Kuruma
  • Executive Vice President & Head-Production: Takeshi Ando
  • Executive Officer & General Manager-Personnel: Tetsuya Hashimoto


  • Nissan Motor Co., Ltd. (33.9%)
  • Mitsubishi Corp. (19.9%)
  • Nomura Asset Management Co., Ltd. (1.6%)
  • Mitsubishi Heavy Industries, Ltd. (1.4%)
  • The Vanguard Group, Inc. (1.0%)
  • Mitsubishi UFJ Financial Group, Inc. (0.9%)
  • Nikko Asset Management Co., Ltd. (0.7%)
  • Daiwa Asset Management Co. Ltd. (0.7%)
  • BlackRock Fund Advisors (0.5%)
  • Dimensional Fund Advisors LP (0.3%)

Contact Details

Related Companies

  • Mitsubishi Motors Vietnam Co., Ltd.
  • Mitsubishi Motors Board Incentive Plan
  • Mitsubishi Motor Sales Netherlands BV
  • Mitsubishi Motors de Mexico SA de CV
  • Chubu Mitsubishi Motor Sales Co., Ltd.
  • Higashi Nihon Mitsubishi Motor Sales Co., Ltd.
  • Miyazaki Mitsubishi Motor Sales Co., Ltd.
  • Karasia, Inc.
  • Nara Chuo Mitsubisi Motors Corp.
  • Urawa Red Diamonds Co., Ltd.
  • Mitsubishi Corp. (Manila Branch)
  • Mitsubishi Corp. (Kuala Lumpur Branch)
  • Mitsubishi Peru SA
  • Mitsubishi Motors Rus LLC
  • MC Autos del Peru SA
  • Mitsubishi Motors (China) Co. Ltd.
  • Mitsubishi Motors Middle East & Africa FZE
  • Mitsubishi Motors East Rand
  • MMC Chile SA
  • MMCA Auto Owner Trust 2009-A
  • Mitsubishi Motor Sales of Canada, Inc.
  • Mitsubishi Motors New Zealand Ltd.
  • Mitsubishi Motor Sales (China) Co., Ltd.
  • MM Automobile Schweiz AG
  • MMC Malmo AB
  • Equus Leasing BV
  • Mitsubishi Motor Sales Nederland BV
  • Nishi Nihon Mitsubishi Motor Sales Co., Ltd.
  • Niigata Mitsubishi Motor Sales Co. Ltd.
  • Chubu Mitsubishi Motors Corp.


  • Yulon Nissan Motor Co., Ltd.
  • Auto Hall SA
  • Infineon Technologies AG
  • Power Integrations, Inc.
  • Suzhou Veichi Electric Co. Ltd. Class A
Last Updated on 7 Jun, 2023

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more