Mitsubishi 2015 Annual Report Download - page 8

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We posted record earnings, thanks to higher sales in Western Europe,
North Asia and the United States. In fiscal 2015, we aim to boost sales
volume, particularly in Asia.
In addition to higher sales, in  scal 2014 we achieved record-
high levels of operating income, net income and all other in-
come categories. I think this performance demonstrates that we
have made steady steps toward transforming Mitsubishi Motors
into a growth company.
Sales volume (retail) amounted to 1.09 million units, up
43,000 units from the preceding  scal year. Contributing to this
result were the transition to robust sales of the Outlander PHEV
in Western Europe; increased sales in North Asia, centered on
GAC Mitsubishi Motors Co., Ltd.; and favorable performance in
North America, which continues to enjoy economic recovery.
As a result, net sales expanded 4% year on year, to
¥2,180.7 billion. Operating income rose 10%, to ¥135.9 bil-
lion, thanks to efforts to curtail costs and the positive impact of
exchange rates, and net income grew 13%, to ¥118.2 billion.
Our operating income ratio, a strong indicator of pro tability,
increased 0.3 percentage point, to 6.2%. I see this improve-
ment as an indicator of our success in a number of initiatives,
including cost reductions.
In terms of dividends, after reviewing our cash  ow condi-
tions and performance outlook for the full  scal year and taking
into overall consideration the balance between executing our
growth strategy and strengthening our  nancial base, we awarded
dividends for the year of ¥16 per share. This  gure includes a
year-end dividend of ¥8.5 and an interim dividend of ¥7.5.
Overview of the First Year of New Stage 2016
Message from Management
Tetsuro Aikawa
President, COO
MITSUBISHI MOTORS CORPORATION
Annual Report 2015
6