Mitsubishi 2015 Annual Report Download - page 22

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In Japan,  scal 2014 sales volume (retail) was below  scal 2013
levels, both for registered vehicles and minicars. Sales were
favorable in North America, however, boosted by robust sales
of the Outlander and the Mirage, as the U.S. economy entered
a stronger recovery phase. In Europe, sales in Russia slumped
due to the country’s economic downturn, but in Western Eu-
rope sales of the Outlander PHEV were positive, boosting sales
volume (retail) for the region as a whole. In Asia, sales were
sluggish due to a belated demand recovery in Thailand, but
favorable sales in China enabled the region to achieve a sales
volume on a par with the preceding  scal year. As a result, sales
were up in all geographic regions except Japan. Furthermore,
we achieved pro tability in all regions, thanks to successful
We anticipate increased sales, with higher sales
volume centered on Asia.
Net Sales
(Billions of yen)
FY2013 FY2014 FY2015 (Forecast)
Japan 474.1 445.3 440.0
North America 229.4 275.8 320.0
Europe 484.3 514.4 460.0
Asia 415.7 424.5 510.0
Other Regions 489.9 520.7 550.0
Total 2,093.4 2,180.7 2,280.0
Operating Income (Loss)
(Billions of yen)
FY2013 FY2014 FY2015 (Forecast)
Japan 0.9 2.0 0.0
North America (3.8) 0.5 7.0
Europe 37.2 39.1 17.0
Asia 59.8 56.6 65.0
Other Regions 29.3 37.7 36.0
Total 123.4 135.9 125.0
2015
(Forecast)
20142013
0
500
1,000
1,500
2,000
2,500
(Billions of yen)
510.0
550.0
460.0
320.0
440.0
514.4
424.5
520.7
275.8
4,45.3
2,180.7 2,280.0
484.3
415.7
489.9
229.4
474.1
2,093.4
Japan North America Europe
Asia Other Regions
(FY)
(FY)
2015
(Forecast)
20142013
-50
0
50
100
150
(Billions of yen)
65.0
36.0
17.0
39.1
56.6
37.7
135.9
0.5
2.0
59.8
37.2
29.3
(3.8)
123.4
0.9
0.0
7.0
125.0
Japan North America Europe
Asia Other Regions
efforts to curtail costs and the positive impact of exchange rates.
In scal 2015, we expect overall demand to decrease in
Japan. However, we anticipate higher sales in North America
due to the new Outlander, in Western Europe thanks to the
new Triton, and in the ASEAN region as a result of the new
Pajero Sport launch. In addition, we expect sales to rise thanks
to higher sales volume, centered on Asia. In terms of income,
we will work to adjust our volume and model mix, as well as
to reduce raw materials and other costs. However, we expect
exchange rates to deliver a major negative impact, and we will
boost R&D expenditures with a view to sustainable growth in
the future. As a result, we expect income to decline.
Overview of Operations by Region
MITSUBISHI MOTORS CORPORATION
Annual Report 2015
20