Key Facts
• On July 24, Mitsubishi Motors announced its Q1 FY2025 results (April–June).
• Net profit dropped 97.5% year-on-year to ¥738 million.
• Operating profit fell 84.1% year-on-year due to U.S. tariff policies and currency fluctuations.
• On July 23, Japan and the U.S. agreed to reduce auto tariffs from 25% to 15%.
• Mitsubishi’s Vice President Matsuoka viewed the tariff reduction positively but warned of ongoing challenges.
• The company maintained its future performance outlook despite uncertainties.
Summary
Mitsubishi Motors reported a significant 97.5% year-on-year decline in net profit for Q1 FY2025, amounting to ¥738 million. Operating profit also fell by 84.1%, attributed to the impact of U.S. tariff policies under the Trump administration and currency fluctuations. On July 23, Japan and the U.S. reached an agreement to lower auto tariffs from 25% to 15%. Mitsubishi’s Vice President Matsuoka acknowledged the reduced tariff rate as a positive development but emphasized the broader challenges tariffs pose to the business. Despite these factors, the company decided to maintain its performance outlook for the foreseeable future.
