Mitsubishi’s net profit plunges 76% in FY2025

Japanese automaker Mitsubishi Motors Corporation reported a 76% plunge in net income to JPY 10 billion (US$ 64 million) in the fiscal year ending in March 2026 (FY2025), down from JPY 41 billion a year earlier, due mainly on the introduction of import tariffs in the US last year. The company’s operating profit fell by 63% to JPY 75.5 billion during the year.

Global revenues rose by 8.3% to JPY 2,896.5 billion in FY2025, despite retail sales falling by 5.3% to 797,000 vehicles from 842,000 units a year earlier. Sales in the ASEAN region fell by 2% to 245,000 units; while in North America volumes fell by 11% to 165,000 units; Latin America, the Middle East and Africa 141,000 units (+2%); Japan 122,000 (+4%); and Australia and New Zealand 71,000 (-17%).

The automaker’s best-selling model was the Thai-made Triton pickup truck, with 131,000 global sales, down 2% year-on-year; followed by the Outlander SUV with 130,000 units (-8%); and the Xpander MPV 102,000 units (-10%).

Mitsubishi is forecasting global revenues to rise by 13% to JPY 3,260.0 billion in the current fiscal year (FY2026), helped by the recent launch of new models such as the Destinator compact SUV and the Delica Mini and D5, as well as the continued global rollout of recent models such as the XForce B-segment SUV.

The company expects its operating profit to grow by 19% to JPY 90 billion, while net income is expected to rebound by 150% to JPY 25 billion.

“Mitsubishi’s net profit plunges 76% in FY2025” was originally created and published by Just Auto, a GlobalData owned brand.

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