OREANDA-NEWS. Mitsubishi Motors Corporation (MMC) announced its sales and financial results for the first half of the 2015 fiscal year (FY) ending March 31, 2016 along with a full-year forecast revision.

MMC posted consolidated net sales of 1,069.8 billion yen for the first half of fiscal 2015 (April 1 through September 30, 2015), a 3% or 34.7 billion yen increase over the same period last fiscal year.

MMC posted an operating income of 58.4 billion yen, a decrease of 7% or 4.3 billion yen over the same period last fiscal year. Despite of positive factors such as efforts on cost reductions, an increase in R&D investments and an increase in costs on quality measures in market overcame positive factors, leading to the overall decrease.

MMC posted an ordinary income of 58.5 billion yen, a decrease of 20% or 15.1 billion yen over the first half of FY2014. Net income for the term came to 52.1 billion yen, a decrease of 14% or 8.8 billion yen year-on-year.

Global retail sales volume for the first six months of FY2015 remained at the same level over the same period last year totaling 521,000 units. Sales volumes by regions were as follows.

Japan: Sales volume totaled 46,000 units for the term, a 19% or 11,000-unit decrease year-on-year. Despite sales increased with registered vehicles over the same period last year led by sales of the new MY2016 Outlander PHEV andOutlander, a decrease in minicar sales due to a harsh market environment negatively affected the total decrease for the region.

North America: Sales volume of 69,000 units for the term, a 22% or 12,000-unit increase year-on-year. The increase was driven by firm sales of the Outlander, and Mirage (Space Star in some markets).

Europe: Sales volume totaled 104,000 units, remaining at the same level over the same period last year. Despite a sales volume drop in Russia where the economic situation worsened, the sales increase in Western Europe led by Germany and the U.K. offset the decrease for the total as a region.

Asia: Sales volume came to 152,000 units, a 9% or 15,000-unit decrease year-on-year, due to a continued sluggish economy in Thailand and decreased market growth in China since beginning of this fiscal year.

Other Regions: Sales volume totaled 150,000 units, a year-on-year increase of 11% or 14,000 units. Sales increased mainly in the Middle East, Africa, and Australia, resulting in an overall increase in sales for the region.