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MITSUBISHI MOTORS CORPORATION
Annual Report 2007
Year ended March 31, 2007

Table of contents

  • Page 1
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Year ended March 31, 2007

  • Page 2
    ...40 Organization Structure _____ 41 Executives _____ 42 Financial Section _____ 43 Consolidated Subsidiaries and Affiliates _____ 84 Investor Information _____ 86 Forward-looking Statements This annual report contains forward-looking statements about Mitsubishi Motors Corporation's plans, strategies...

  • Page 3
    ...become a company that enjoys the trust and confidence of the community at large. To this end, Mitsubishi Motors will strive its utmost to tackle environmental issues, to raise the level of passenger and road safety and to address other issues of concern to car owners and the general public. A clear...

  • Page 4
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Consolidated Financial Summary For the years ended March 31, In millions of yen FY2002 FY2003 FY2004 FY2005 FY2006 In thousands of U.S. dollars FY2006 For the year: Net sales Operating income (loss) Income (loss) before income taxes and minority ...

  • Page 5
    ...Japan North America Europe Asia and Other Regions Net income (loss) Balance Sheet Cash and bank deposits Total assets Interest-bearing debt Total net assets*2 Cash Flow Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Effect of exchange rate...

  • Page 6
    ...CORPORATION Annual Report 2007 To Our Shareholders and Stakeholders Under the three-year Mitsubishi Motors Revitalization Plan unveiled on January 28, 2005 and covering fiscal years 2005 to 2007, all corporate officers and employees of the MMC group have been working as one to regain customer trust...

  • Page 7
    ... of Mitsubishi-brand vehicles, as it works to enhance the image of the Mitsubishi Motors brand in markets around the world. In fiscal year 2007, the final year of the Mitsubishi Motors Revitalization Plan, MMC will work to achieve the plan's goal of building solid profitability. To this end, while...

  • Page 8
    ... the strong reputation of the Mitsubishi Motors brand front and center. One remaining issue is the Japanese market. Japan's mature market no longer offers any prospects for expansion. We are therefore shifting the emphasis of our management policy from unit sales to profitability, as we continue to...

  • Page 9
    ... numerous customers, and this has greatly encouraged MMC employees. Furthermore, the new Lancer model, which was launched first in North America in March 2007, has made a strong start. I have high hopes for this model to fuel our comeback in the North American market. Another achievement of the plan...

  • Page 10
    ... and at our plant in Thailand, which is responsible for Triton (L200) production. However, the Illinois Plant in the U.S. still remains in one-shift production, despite having begun exports of the Galant model. Capacity utilization remains low at Netherlands Car B.V. (NedCar) in Europe following the...

  • Page 11
    ... priority businesses are local production, imports of finished vehicles from Japan, and engine production. Efforts are also focused on stepping up the adoption of locally produced, Mitsubishi Motors-brand vehicles, mainly by increasing investments in local companies. In addition to In India, MMC...

  • Page 12
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Q5. So you don't expect much growth outside these growing markets then? year 2006, having increased for the first time in five fiscal years during the past fiscal year. Measures to normalize fleet sales and reduce large sales incentives are beginning...

  • Page 13
    ... to engines, MMC and Mitsubishi Heavy Industries, Ltd. are jointly developing 2-liter class next-generation diesel engines. Plans call for bringing forward mass production by one year to the start of 2009 in order to successively launch these engines in various markets beginning with Europe, where...

  • Page 14
    ... properly to ever-changing market requirements in each country. On the other hand, I believe our mid-term management plan will start from a stronger base than before. Looking back, the Mitsubishi Motors Revitalization Plan was formulated at a time when the company faced extremely dire circumstances...

  • Page 15
    ... Business Ethics Officer 8. Hiroshi Harunari Managing Director President & CEO-Mitsubishi Motors North America, Inc. 3. Heki Kasugai Executive Vice President In Charge of Corporate Planning, Product Strategy, Environment Affairs & Corporate Affairs Group Headquarters 9. Tetsuro Aikawa Managing...

  • Page 16
    ..., the second year of the plan. This is the outcome of a concerted effort by all corporate officers and employees of the MMC Group to restore trust in Mitsubishi Motors from a customer-first perspective and improve all aspects of the business, from development to production and sales. MMC's specific...

  • Page 17
    ... producing the Minicab, a commercial minicar, for Nissan Motor Co., Ltd., and added the eK Wagon, another minicar, in 2005. The company also signed an agreement with Nissan Motors in April 2007 to expand the range of models that MMC would supply on an OEM basis. Starting in fiscal year 2007, MMC has...

  • Page 18
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Product Development Accelerating Expansion of Global Models Under the Mitsubishi Motors Revitalization Plan, MMC is expanding sales of global models based on a common new-generation platform. The first such model, the Outlander, has been highly ...

  • Page 19
    ... Corporation on establishing a joint venture to manufacture large capacity and high performance lithium-ion batteries that can be used in electric vehicles. The partners aim to establish the joint venture within 2007. i MiEV (Joint research vehicle with various electric power companies) The Pajero...

  • Page 20
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Technology Development New Vehicle Dynamics Control Technologies S-AWC and Twin Clutch SST The Ultimate Vehicle Dynamics Control Technologies That Realize Our Corporate Philosophy In line with its corporate philosophy, MMC is pursuing priority R&D ...

  • Page 21
    .... S-AWC realizes both driving pleasure and safety at the highest levels. The second is Twin Clutch Sports Shift Transmission (TC-SST) technology. This enables an ideal, highly efficient automated manual transmission that uses two clutches and hydraulic controls to smoothly and swiftly shift gears...

  • Page 22
    ... CORPORATION Annual Report 2007 Regional Topics Japan In the Mitsubishi Motors Revitalization Plan, the company positions Japan as one of its most important markets. Ongoing efforts are being made to restore and strengthen the Mitsubishi Motors brand. These include rolling out attractive new models...

  • Page 23
    ... at sales companies, and enhance customer satisfaction. This program provides a training regimen for enhancing the sales capabilities of dealerships, consisting of six main categories: new cars, pre-owned cars, services, insurance, management, and customer databases. MMC will build a value chain...

  • Page 24
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 North America With annual demand of around 16 million units, the huge U.S. market assumes the same importance as Japan in the Mitsubishi Motors Revitalization Plan. In January 2006, MMC appointed a new management team at Mitsubishi Motors North ...

  • Page 25
    ... of all of its cutting-edge technologies, in a move that will reinforce the Mitsubishi brand. Active sales promotion and advertising are also planned. By significantly increasing targeted media exposure for mainstay models in primary markets, Models sold in North America Outlander Lancer 23

  • Page 26
    ... sources. However, MMC and Mitsubishi Heavy Industries, Ltd. are jointly developing 2-liter class next-generation clean diesel engines. With development progressing steadily, we plan to bring forward mass production by one year to begin supplying these engines in Europe first from early 2009, in...

  • Page 27
    ... to conduct marketing and product planning to better satisfy customer needs in the rapidly growing Russian market, MMC has adopted a sales structure in fiscal year 2007 that directly links Head Office and local distributors. Previously, Mitsubishi Motors Europe B.V. (MME), a Business Alliance With...

  • Page 28
    ... the Mitsubishi Motors brand in these markets. We intend to preserve our early-mover advantage in these regions by continuing to actively roll out new models and by building stronger relationships of trust with local distributors and production companies. MMC also aims to enhance its brand image in...

  • Page 29
    ... in China. Subsequently, South East (Fujian) Motor began production and sales of the Lancer, the first mid-sized sedan in China with a Mitsubishi badge, and the Space Wagon minivan (Chariot Grandis). The upper-class sedan Galant was brought to market in December 2006 as part of a move to expand the...

  • Page 30
    ... second half of the 1980s, Mitsubishi Motors (Thailand) Co., Ltd. (MMTh) has exported a total of more than 1 million vehicles from Thailand through June 2007. In August 2006, the Company began sales of imported finished Montero (Pajero) vehicles to the growing Indian market. Local business partner...

  • Page 31
    ... Mitsubishi brands Taiwan Thailand The Philippines Indonesia Malaysia Vietnam Singapore Brunei India ቩ Mitsubishi Motors (Thailand) Co., Ltd. (MMTh) ቪ MMTH Engine Co., Ltd. (MEC) ቫ Mitsubishi Motors Philippines Corporation (MMPC) ቭ Asian Transmission Corporation (ATC) ቮ P.T. Krama Yudha...

  • Page 32
    ... Service Group Headquarters incorporate the development of parts and supplies and their delivery to sales companies and repair shops as a part of after-sales services into its structure. Furthermore, in October 2006, MMC completed the nationwide deployment of a new quality management information...

  • Page 33
    ...in scope. The main focus of MMDS has so far been to broadly cover all conceivable risks. Going forward, MMDS will further emphasize quality improvement in line with constantly shifting customer needs. With regard to quality control in the context of the Mitsubishi Motors Revitalization Plan, MMC has...

  • Page 34
    ... an executive officer system and appointment of advisory committees. The Board of Directors has 13 members, two of whom are outside directors. The Board is responsible for making decisions concerning important management issues and overseeing business execution. The adoption of the executive officer...

  • Page 35
    ... risk management officers in each operational group. • Development of emergency response capabilities to react to unforeseen contingencies, including emergency communication and contact systems. Compliance Promotion Structure Board of Directors Chairman President Direction and supervision Report...

  • Page 36
    ...The Bank of Tokyo-Mitsubishi UFJ, Ltd. (major MMC shareholder) Managing Director, Mitsubishi Heavy Industries, Ltd. (main MMC shareholder) Representative Director, Okamoto Associates (no trading relationship at present) Statutory auditors • Attendance at all important meetings (including Board of...

  • Page 37
    ... internal reporting, MMC is endeavoring to disseminate regulatory information within the company by holding briefings, including information in the company newsletter, and adopting other measures. In April 2007, MMC fully revised its "Business Ethics of Mitsubishi Motors Corporation"-MMC's corporate...

  • Page 38
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Report by Business Ethics Committee In October 2006, the Board of Directors of MMC consulted the Business Ethics Committee, which comprises only external experts, with regard to MMC's activities toward restoring trust in the company and requested ...

  • Page 39
    ... of Tokyo; Executive Director of the University of Tokyo Manufacturing Management Research Center Kazuo Mura, Committee Member Lawyer, Professor of Graduate School of Law, Kokugakuin University; former Managing Director of the Resolution and Collection Corporation Nevertheless, the report points...

  • Page 40
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Environmental Activities Responsibility to the Environment Driving pleasure, Safety and Environmental Responsibility: These are the concepts that MMC aims to build into the cars it manufactures. MMC has long been committed to driving performance and ...

  • Page 41
    ...training/ increasing awareness and information disclosure Expanding and improving social contribution activities and environmental activities • Expand environmental management system to cover non-production subsidiaries and affiliates, including overseas companies. • Promote acquisition of EA21...

  • Page 42
    ... release starting in the fall of 2007-will feature Super All Wheel Control (S-AWC) technology, an advanced vehicle dynamics control system that regulates drive torque and braking force at each wheel to realize superior cornering performance. This breakthrough will realize a driving experience that...

  • Page 43
    ... Office Design Office Board of Statutory Auditors Managing Directors meetings Production Group Headquarters Production Engineering Office Production Control Office Nagoya Plant Mizushima Plant Powertrain Plant Procurement Group Headquarters Quality Affairs & Technical Aftersales Service Group...

  • Page 44
    ...Sales Promotion Group Headquarters Makoto Maeda Managing Director In Charge of Production Group Headquarters Norio Aoki Managing Director In Charge of Procurement Group Headquarters Hiroshi Harunari Managing Director President & CEO-Mitsubishi Motors North America, Inc. * Representative Director...

  • Page 45
    ... _____ 52 Notes to Consolidated Financial Statements _____ 53 Report of Independent Auditors _____ 83 Role of the Finance Group Headquarters The second fiscal year of the Mitsubishi Motors Revitalization Plan ended on March 31, 2007. In addition to weak sales in Japan, North Asia, and the ASEAN...

  • Page 46
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Financial Results and Discussion Operational Review In fiscal year 2006, the Japanese economy was expected to continue to expand, surpassing the late 1960s Izanagi Boom, which had been Japan's longest period of post-war economic expansion. However, ...

  • Page 47
    ... and Discussion In the U.S., Mitsubishi Motors Credit of America, Inc. (MMCA) conducts auto leasing, sales financing, and related operations. In fiscal year 2006, revenues from financial services increased 22.4% year on year to ¥47.9 billion. MMC reported operating income of ¥22.3 billion from...

  • Page 48
    ... are as follows: Support for Mitsubishi Motors Revitalization Plan from Mitsubishi Group Companies Mitsubishi Group companies, especially Mitsubishi Heavy Industries, Ltd., Mitsubishi Corporation and Bank of Tokyo-Mitsubishi UFJ, Ltd., substantially support MMC's financial status and administrative...

  • Page 49
    ... the ruling of the Tokyo Superior Court. Leasing, financial services and sales incentives Overcapacity in the automobile industry, and fierce competition, especially price competition in the North American market, have led to the necessity of sales incentives in sales promotion efforts. The sales...

  • Page 50
    ... MOTORS CORPORATION Annual Report 2007 Consolidated Balance Sheets Mitsubishi Motors Corporation and Consolidated Subsidiaries As of March 31, 2007 and 2006 In millions of yen In thousands of U.S. dollars (Note 4) 2007 Assets Current assets: Cash and cash equivalents (Notes 9 and 14) Trade...

  • Page 51
    ... Balance Sheets In millions of yen In thousands of U.S. dollars (Note 4) 2007 Liabilities and net assets Current liabilities: Trade notes and accounts payable Short-term borrowings (Note 9) Current portion of long-term debt (Note 9) Accrued expenses, accounts payable and deferred income...

  • Page 52
    ...CORPORATION Annual Report 2007 Consolidated Statements of Operations Mitsubishi Motors Corporation and Consolidated Subsidiaries For the years ended March 31, 2007 and 2006 In millions of yen 2007 2006 In thousands of U.S. dollars (Note 4) 2007 Net sales Cost of sales Reversal of deferred profit...

  • Page 53
    ... Statements of Changes in Net Assets Mitsubishi Motors Corporation and Consolidated Subsidiaries For the years ended March 31, 2007 and 2006 In millions of yen 2007 2006 In thousands of U.S. dollars (Note 4) 2007 Stockholders' equity Preferred stock: Balance at beginning of year Preferred stock...

  • Page 54
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Consolidated Statements of Cash Flows Mitsubishi Motors Corporation and Consolidated Subsidiaries For the years ended March 31, 2007 and 2006 In millions of yen 2007 2006 In thousands of U.S. dollars (Note 4) 2007 Operating activities: Net income ...

  • Page 55
    ... first priorities to customers • Assigning first priorities to customers in all areas, from marketing through after sales services • Regaining customer's trust by superior product quality • Business strategy • Setting sales plans that reflect downside risks • Promoting of operational tie...

  • Page 56
    ... markets centering on BRICs • Progressing in environmental technology development (3) Targets • Achieved net profitability in FY 2006 as targeted • Continuing to carry out measures to sustain profitability in FY 2007 (4) Business strategy (i) Sales volume plans Sales plans in the "Mitsubishi...

  • Page 57
    ... in the North American market, the MMC group appointed a head office managing director to become CEO and President of its North American subsidiary. The MMC group also introduced a new management structure that will strengthen links and promote effective communication with MMC. c. Europe To move...

  • Page 58
    ... the board, is devoting itself to materializing the new "Mitsubishi Motors Revitalization Plan" that was announced in January 2005 with full support of three Mitsubishi companies (MHI, Mitsubishi Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd.). Accordingly, these financial statements have...

  • Page 59
    ... application and disclosure requirements of International Financial Reporting Standards. These financial statements have been compiled from the consolidated financial statements filed to the Financial Services Agency as required by the Securities and Exchange Law of Japan. In addition, the notes to...

  • Page 60
    ... retirement benefits obligation and the fair value of the pension plan assets estimated at year end. Prior service cost is being amortized using the straight line method over periods of 5 to 21 years. These periods are within the estimated average remaining service years of the employees. Actuarial...

  • Page 61
    ...Revenues, expenses and cash flow items are translated at the average rate for the financial period. Translation adjustments are included in "Net assets". (l) Amounts per share of common stock The computation of basic net income (loss) per share of common stock is based on the weighted average number...

  • Page 62
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 3. Changes in Accounting Policies (a) Accounting Standard for Presentation of Net Assets in the Balance Sheet Effective for the year ended March 31, 2007, Accounting Standard for Presentation of Net Assets in the Balance Sheet (Accounting Standards ...

  • Page 63
    Notes to Consolidated Financial Statements The groupings of assets are determined as follows: Assets used in production are grouped either by manufacturing plants or operational sites. Assets used in sales operations are generally grouped by operational sites. Assets leased to others and idle ...

  • Page 64
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Proceeds from sales of other securities and the corresponding gross gains and losses that are included in other gain (loss), net in the accompanying consolidated statements of operations for the years ended March 31, 2007 and 2006 were as follows: In...

  • Page 65
    ..., Mitsubishi Motors (Thailand) Company Limited. (Balances at March 31, 2006 and March 31, 2007 were B | 7,000,000 thousand). (d) 1.1% bonds due September 24, 2010 were issued by a domestic subsidiary, Suiryo Plastics Co., Ltd. The maturities of long-term debt are as follows: Year ending March...

  • Page 66
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Assets pledged as collateral for short-term borrowings, long-term debt and guarantees (excluding factory related groups of assets) at March 31, 2007 and 2006 consisted of the following: In millions of yen 2007 2006 In thousands of U.S. dollars 2007 ...

  • Page 67
    ...$185,776 The following groups of assets of a consolidated subsidiary, Pajero Manufacturing Corporation, were pledged as collateral at March 31, 2007 and 2006, respectively. In millions of yen 2007 2006 In thousands of U.S. dollars 2007 Buildings and structures Machinery and equipment Land ¥2,998...

  • Page 68
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 The obligations secured by such collateral at March 31, 2007 and 2006 consisted of the following: In millions of yen 2007 2006 In thousands of U.S. dollars 2007 Short-term borrowings Current portion of long-term debt Long-term debt Total short-term ...

  • Page 69
    ... and 2006 include payments for the acquisition of lease vehicles of ¥16,799 million ($142,309 thousand) and ¥8,904 million, respectively. Proceeds from sales of property, plant and equipment within investing activities in the consolidated statements of cash flows for the years ended March 31, 2007...

  • Page 70
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Significant noncash transaction: Assets and liabilities recognized as a result of finance lease transactions in this fiscal year both amounted to ¥16,897 million ($143,138 thousand). 15. Leases As lessee The following pro forma amounts represent ...

  • Page 71
    ... with no residual value by the declining-balance method over the lease term. (e) Calculation of notional interest expense of finance leases The notional interest expense of such finance leases is principally regarded as the difference between total minimum lease payments and acquisition cost...

  • Page 72
    ... on its operations. (c) Control MMC does not enter into derivative contracts for trading purposes or on the anticipation of gains from short-term market movements. Derivative transactions are appropriately pre-approved by managing directors in charge of finance group headquarters. MMC approves...

  • Page 73
    ...Financial Statements In thousands of U.S. dollars Notional amount 2007 Unrealized gain (loss) Fair value Forward foreign exchange contracts... value Fair value Cross currency swaps: Pay-JPY receive - U.S.$ Pay-THB... (loss) Fair value Cross currency swaps: Pay-JPY receive - U.S.$ Pay-THB receive - ...

  • Page 74
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 [Interest rate swaps] In millions of yen Notional amount 2007 Unrealized gain (loss) Notional amount 2006 Unrealized gain (loss) Fair value Fair value Interest rate swaps: Pay-fixed, receive-floating Pay-floating, receive-fixed Total ¥- - ¥- -...

  • Page 75
    ...line method over the periods of 5 to 21 years for the years ended March 31, 2007 and 2006. These periods are within the estimated average remaining service years of the employees. Unrecognized net obligations and assets at the date of initial application are amortized within one year. The retirement...

  • Page 76
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 Pension expenses for MMC and its consolidated subsidiaries' employees' retirement defined benefit plans for the years ended March 31, 2007 and 2006 consisted of the following: In millions of yen 2007 2006 In thousands of U.S. dollars 2007 Service ...

  • Page 77
    ...Accrued retirement benefits Allowance for doubtful accounts Allowance for product warranties Accounts payable - warranties Fixed ...balance sheets as follows: In millions of yen 2007 2006 In thousands of U.S. dollars 2007 Current assets Investments and other assets Current liabilities Non-current...

  • Page 78
    ... by business segment Automobiles ...Passenger cars Financial services ...Sales-finance products 3. Changes in useful lives of fixed assets As described in additional information in Note 2, Significant Accounting Policies, from this fiscal year, instead of the useful lives dictated by the Corporate...

  • Page 79
    ... countries and regions outside Japan are grouped as follows; (1) North America ...The United States, Puerto Rico (2) Europe ...The Netherlands (3) Asia ...Thailand, Philippines (4) Other ...Australia, New Zealand, UAE 3. Changes in useful life of fixed assets As described in additional information...

  • Page 80
    ... title: Balance at year end Main stockholder Mitsubishi Corporation Chiyoda-Ku, Tokyo, Japan ¥199,228 million Wholesale trading Direct 14.1 1 concurrent member, 2 permanently transferred to MMC Sales of passenger cars and import of materials for production (1) Proceeds from sales of stocks (see...

  • Page 81
    ...development, production, sales and similar for passenger cars Loss compensation based on Mitsubishi Fuso Truck and Bus Corporation stock transfer contract - Accrued expenses, accounts payable and deferred income ¥23,858 million Main stockholder Mitsubishi Corporation Chiyoda-Ku, Tokyo, Japan ¥197...

  • Page 82
    MITSUBISHI MOTORS CORPORATION Annual Report 2007 21. Income (Loss) and Equity Per Share Net income (loss) and equity per share of common stock for the years ended March 31, 2007 and 2006 are summarized as follows: In yen 2007 2006 In U.S. dollars 2007 Net income (loss) per share of common stock ...

  • Page 83
    ... Weighted-average market price at exercise date: Fair evaluation price: - - - - - 1,168,000 - 64,000 16,000 1,088,000 ¥173 ¥240 - 23. Business Combinations During the year ended March 31, 2007, in order to improve the efficiency of its sales network by the integration of domestic sales companies...

  • Page 84
    ... customer satisfaction in the industry as well as to improve profitability. The MMC group will merge domestic sales companies into 5 companies and parts sales companies into 1 company as follows. March 31, 2007 Hokkaido area: Hokkaido Mitsubishi Motors Sales Co., Ltd., Sapporo Mitsubishi Motors...

  • Page 85
    Report of Independent Auditors Report of Independent Auditors 83

  • Page 86
    ...MOTORS CORPORATION Annual Report 2007 Consolidated Subsidiaries and Affiliates (As of March 31, 2007) CONSOLIDATED SUBSIDIARIES IN JAPAN Company Capitalization (In millions of yen) Business Lines MMC Share of Voting Rights (%)*1 Hokkaido Mitsubishi Motors Sales Co., Ltd. Sapporo Mitsubishi Motors...

  • Page 87
    ... Company Mitsubishi Heavy Industries, Ltd. Capitalization (In millions of yen) 265,608 Business Lines Share of Voting Rights in MMC (%)*1 15.8 (0.5) Relationship Supplier of parts for MMC products Shipbuilding & ocean systems development, power systems, machinery & steel structures, aerospace...

  • Page 88
    ... MITSUBISHI MOTORS CORPORATION 5-33-8, Shiba, Minato-ku, Tokyo 108-8410, Japan Telephone: +81-3-3456-1111 April 22, 1970 ¥657,342,531,926 33,739 (Consolidated) 12,938 (Non-consolidated) Established Capital Number of Employees Stock Listings Securities Code Share Trading Unit Tokyo Stock Exchange...

  • Page 89
    ... Mitsubishi Krama Yudha Motors and Manufacturing (MKM) ቶ Vina Star Motors Corporation (VSM) ➤ Major Products Colt, Colt Plus, Grandis Pajero (Montero) Engines Engines Engines, transmissions Colt (European model) 380 Engines Adventure, L300 (Delica) Transmissions Engines Engines, transmissions...

  • Page 90
    MITSUBISHI MOTORS CORPORATION 5-33-8, Shiba, Minato-ku, Tokyo 108-8410, Japan Public Relations Department Tel: +81-3-6852-4206 (IR) +81-3-6852-4274 (Corporate PR) Fax: +81-3-6852-5405 http://www.mitsubishi-motors.com Printed in Japan