STOCKS | Mitsubishi Motors' Second-Quarter Operating Profit Rises 77%, but Full-Year Guidance Is Cut

Mitsubishi Motors reported second-quarter operating profit rose 77% year over year to 20.6 billion yen on November 6, in line with market expectations; vehicle shipments and other operating metrics also broadly matched analyst forecasts. According to Sina Finance, the company cut its full-year operating profit forecast to 70 billion yen, citing weak vehicle sales, intensifying price competition, and rising raw-material costs. The company said market conditions remained challenging, with Middle East tensions and competition from low-priced electric vehicles continuing to pressure operations. It expects currency movements to partly offset the effects of weak sales and higher costs, but not enough to reverse the full-year forecast cut. Second-quarter net cash declined, broadly in line with seasonal patterns. Management expects net cash by the end of the fiscal year's fourth quarter to recover to the level of 304 yen per share at the end of March 2026.