Mitsubishi 2014 Annual Report Download - page 8

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By boosting sales volume in various regions, particularly
in Asia, we aim to achieve the operating income target
set for the  nal year of New Stage 2016 two years early.
“Growth and leap forward” was the basic policy of Jump 2013,
our mid-term business plan that commenced in 2011. Under
this plan, we endeavored to shore up our local production in
emerging markets, including the ASEAN region, China and Rus-
sia, and to strengthen our operating base. In mature markets,
meanwhile, we sold our European production subsidiary, Neth-
erlands Car B.V. (NedCar), and worked to bolster our strengths
through such measures as raising productivity at factories in
Japan. Consequently, in  scal 2013 net sales expanded ¥278.3
billion, or 15% year on year, to ¥2,093.4 billion. Thanks to
ongoing efforts to curtail costs and a correction to the high yen
exchange rate, operating income and net income both reached
historically high levels.
Furthermore, in March 2014 we completely dissolved our
preferred shares, an issue the Company had been facing for a
number of years. Furthermore, we resumed dividends after a
16.5-year hiatus. For the  scal year ended March 31, 2014, we
awarded a regular dividend of ¥15 plus a special dividend of
¥10, for a total dividend of ¥25 per share.
Overview of the Final Year for “Jump 2013”
Message from Management
MITSUBISHI MOTORS CORPORATION
Annual Report 2014
6