Mitsubishi 2003 Annual Report Download - page 2

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Forward-Looking Statements
This annual report contains forward-looking statements about Mitsubishi Motors Corporation’s plans, strategies, beliefs and performance that are not historical facts. These
forward-looking statements are based on current expectations, estimates, forecasts and projections about the industries in which Mitsubishi Motors Corporation operates,
management’s beliefs and assumptions made by management.
As the expectations, estimates, forecasts and projections are subject to a number of risks, uncertainties and assumptions, they may cause actual results to differ mate-
rially from those projected. Mitsubishi Motors Corporation, therefore, wishes to caution readers not to place undue reliance on forward-looking statements. Furthermore,
Mitsubishi Motors Corporation undertakes no obligation to update any forward-looking statements as a result of new information, future events or other developments.
FINANCIAL HIGHLIGHTS 1
TO OUR SHAREHOLDERS 2
SPECIAL FEATURE—MANAGEMENT TALKS
INTERVIEW WITH ROLF ECKRODT 4
FEATURE
PRODUCT DEVELOPMENT 6
QUALITY 8
MANUFACTURING 10
DOMESTIC OPERATIONS 12
NORTH AMERICAN OPERATIONS 14
EUROPEAN OPERATIONS 16
CHINESE OPERATIONS 18
NEW PRODUCTS 20
ENVIRONMENT 22
MOTOR SPORTS 24
SPIN-OFF OF TRUCK & BUS OPERATIONS 26
OPERATIONAL REVIEW 28
KEY POINTS OF THE TURNAROUND PLAN 34
BOARD OF DIRECTORS 35
FINANCIAL SECTION
FIVE-YEAR SUMMARY 37
MANAGEMENT’S DISCUSSION AND ANALYSIS 38
CONSOLIDATED BALANCE SHEETS 44
CONSOLIDATED STATEMENTS OF OPERATIONS 46
CONSOLIDATED STATEMENTS OF
STOCKHOLDERS’ EQUITY 47
CONSOLIDATED STATEMENTS OF CASH FLOWS 48
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 49
REPORT OF INDEPENDENT CERTIFIED
PUBLIC ACCOUNTANTS 71
CORPORATE SECTION
OFFICES AND WORKS 72
MMC GROUP OF COMPANIES 73
CORPORATE INFORMATION 74
CONTENTS