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4MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
On the Cover
Pajero (Montero)
debuted in 1982 as an all-round SUV combining off-road
driving performance with the speed and comfort of a passenger vehicle.
Subsequent refinements led to second and third-generation models in 1991
and 1999. Over these years,
Pajero (Montero)
has been well received by
customers in more than 170 countries and regions around the world, with
roughly 2.5 million units produced and sold on a cumulative basis.
The new fourth-generation
Pajero (Montero)
features a diverse array of cut-
ting-edge technologies befitting an all-round SUV built to global performance
standards. It employs technologies and expertise cultivated through participa-
tion in the Dakar Rally for the past 23 years and has undergone numerous
tests simulating some of the world’s most exacting driving conditions.
쎱Mitsubishi Motors Corporate Philosophy 1
쎱Consolidated Financial Summary 2
쎱Progress in the Mitsubishi Motors Revitalization Plan 3
쎱To Our Shareholders and Stakeholders 4
쎱Top Management Interview 1:
Progress in the Revitalization Plan and
Restoring Trust 6
쎱Product Development 12
Motor Sports 13
A Passion for Developing New Vehicles 14
Basic R&D Policies 16
Eco-friendly Product Development 17
쎱Top Management Interview 2:
Roadmap for Improving Sales 18
쎱Regional Topics
Japan 24
North America 26
Europe 28
Asia, ASEAN and Other Regions 30
Corporate Responsibility to
Society “Shoki Hoko”
Strive to enrich society, both materially
and spiritually, while contributing towards
the preservation of the global environment.
Integrity and Fairness
“Shoji Komei”
Maintain principles of transparency and
openness, conducting business with
integrity and fairness.
International Understanding
through Trade “Ritsugyo Boeki”
Expand business, based on an all-
encompassing global perspective.
Forward-looking Statements
This annual report contains forward-looking statements about
Mitsubishi Motors Corporation’s plans, strategies, beliefs and perfor-
mance. These forward-looking statements are based on current ex-
pectations, estimates, forecasts and projections about the industries
in which Mitsubishi Motors Corporation (MMC) operates, as well as
management’s beliefs and assumptions. These expectations, estimates,
forecasts and projections are subject to a number of risks, and uncer-
tainties that may cause actual results to differ materially from those
projected. Mitsubishi Motors Corporation, therefore, cautions 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.
Mitsubishi Group Philosophy—Three Corporate Principles
쎱Quality 34
쎱Production 36
쎱Procurement 38
쎱Corporate Governance 39
쎱Compliance 42
쎱Organizational Structure 44
쎱Executives 45
쎱Environmental Activities 46
쎱Financial Section 48
쎱Consolidated Subsidiaries and Affiliates 86
쎱Investor Information 88
Contents