Japan's Mitsubishi Motors cuts full-year operating profit forecast by 30%

MITSUBISHI MOTORS

27/08/2025 07:17

TOKYO, Aug 27 (Reuters) - Japanese automaker Mitsubishi Motors 7211.T cut on Wednesday its forecast for the current fiscal year's operating profit by 30% due to the negative impact from U.S. tariffs, lower expected sales volume and higher selling expenses.

The company said it expected to book an operating profit of 70 billion yen ($475.12 million) for the fiscal year through next March, 30 billion yen lower than its previous forecast.

Its shares sold off on the news and were last trading down 2% at around 401 yen.

 ($1 = 147.3300 yen)

 (Reporting by Daniel Leussink; Editing by Himani Sarkar)

 ((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))