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30 MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
0
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600
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04 06
05 0
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04 06
05 0
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04 06
05
Net Sales
(¥ billion)
Retail Sales
(Thousand units)
Operating Income
(¥ billion)
One defining characteristic of MMC is that overseas
operations represent approximately 80% of consolidated
net sales, with around 30% of net sales derived from
overseas regions other than North America and Europe.
In particular, MMC has a long history in Asia, including
the ASEAN region. This presence has engendered trust
in Mitsubishi-brand vehicles and fostered a strong brand
image in these markets.
Overview of Fiscal Year 2005
In the past fiscal year, retail sales volume in North
Asia (China and Taiwan), ASEAN and other regions
decreased 7,000 units to 664,000 units, 27,000 units
below forecast.
Plans in fiscal year 2005 called for increasing retail
sales by around 20,000 units year on year, with high
growth in the Middle East, Africa, and Central & South
America, as well as higher sales in North Asia, Australia
and other areas. This growth was expected to outweigh
an anticipated drop in shipments to Malaysia-based
Proton Holdings Bhd. In terms of results, MMC grew
volume by 31,000 units, or 23%, in Central & South
America, the Middle East, and Africa. In addition to
this high growth in these regions, MMC surpassed sales
volume targets for the ASEAN region, on the back of
favorable sale volumes of the new
Triton (L200)
one-
ton pickup truck in Thailand. In the promising North
Asia region, volume growth in China was offset by a
lackluster showing in Taiwan. In Australia, the new
380
model failed to provide momentum, with overall sales
volumes falling slightly below the previous fiscal year,
resulting in disappointing results overall.
Net sales in fiscal year 2005 rose 2.3% to ¥614.1
billion. However, operating income was down 31.0% at
¥44.9 billion.
Asia, ASEAN and Other Regions
(FY)
*MMC revised targets for fiscal year 2006 when it released fiscal year 2005 full-year financial results on April 27, 2006.
(FY) (FY)
Triton (L200) (made in Thailand)
Plan*Plan*Plan*