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In  scal 2012, the second year for our mid-term business plan,
“Jump 2013,” we worked to achieve “Growth and Leap For-
ward” through environmental initiatives and emerging-market
response projects. We worked to launch, produce and sell new
models in each  eld. Speci cally, by product, we introduced
new models such as the Mirage, Outlander and Outlander
PHEV. On the production front, we boosted capacity in Thai-
land, China, Russia and other emerging markets. At the same
time, to bolster our strengths we sold our interest in Nether-
lands Car B.V. (NedCar), a loss-making European production
subsidiary, and we terminated production activities.
In these ways, Mitsubishi Motors positioned  scal 2012
as a year for planting the seeds that would lead to increased
revenues and pro ts. We made steady progress on measures in
this direction.
As a result, net sales amounted to ¥1,815.1 billion, up
¥7.8 billion year on year. Operating income was ¥67.4 billion,
up ¥3.7 billion, due to improvements in the sales volume and
model mix and reductions in raw material and other costs. Net
income expanded ¥14.1 billion, to ¥38.0 billion. Sales volume
(retail), however was down 14,000 vehicles, or 1%, from the
preceding  scal year, to 987,000 units, as the sales volume rose
in ex-Japan Asia and other regions, but decreased in Japan,
North America and Europe.
Fiscal 2012 Highlights
Achieved sales and prot increases despite the protracted
European debt crisis and a harsh operating environment
Sales volume (retail) down 14,000 units,
to 987,000 vehicles
Net sales up ¥7.8 billion year on year,
to ¥1,815.1 billion
Operating income up ¥3.7 billion year on year,
to ¥67.4 billion
Net income up ¥14.1 billion year on year,
to ¥38.0 billion
FY2012FY2011
Japa
n
North America
Europe
Asia and
Other Regions
(Thousands of units)
Sales Volume (Retail) by Region
218
1,001
152
106
525
181
587
987
134
85
Net Sales
0
500
1,000
1,500
2,000
20122011201020092008
(Billions of yen)
1,828.5 1,807.3 1,815.1
(FY)
1,445.6
1,973.6
Operating Income
0
20
40
60
80
20122011201020092008
(FY)
(Billions of yen)
3.9
40.3
63.7 67.4
13.9
Total Assets/Net Assets
0
400
800
1,200
1,600
20122011201020092008
(FY)
(Billions of yen)
1,138.0
223.0 234.5 248.1 265.6
223.0 234.5 248.1 265.6
351.2
1,258.7 1,312.5 1,321.3
1,452.8
Net assetsTotal assets
Net Income (Loss)
0
10
20
30
40
20122011201020092008
(FY)
(Billions of yen)
-54.9
4.8
15.6
23.9
38.0
Fiscal 2012: Looking Back on the Second Year of “Jump 2013”
MITSUBISHI MOTORS CORPORATION
Annual Report 2013 5