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Japan: Mitsubishi Motors raises FY2012 forecasts

Mitsubishi Motors Corporation (MMC) has reported a year-on-year decline in revenue in the quarter ended 30 June 2012 (Q1 FY2012), a reflection of the stronger yen, although operating profit improved due to improvements in the model mix and lower material and other costs. The company has revised its financial forecasts for It’s time to log … Continued

Mitsubishi Motors Corporation (MMC) has reported a year-on-year decline in revenue in the quarter ended 30 June 2012 (Q1 FY2012), a reflection of the stronger yen, although operating profit improved due to improvements in the model mix and lower material and other costs.

The company has revised its financial forecasts for

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