Mitsubishi Jidosha Kogyo KK

7211

Equity

ISIN JP3899800001 / Valor 764744

Tokyo Stock Exchange (2024-12-11)

JPY 419.60+0.50%

Mitsubishi Jidosha Kogyo KK
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About company

Mitsubishi Jidosha Kogyo KK (MIG) is a diversified corporation with a strong presence in various business sectors, leveraging its expertise to offer high-value-added services. The company is particularly recognized for its proficiency in facilitating international trade and establishing strategic alliances, positioning itself as a multi-purpose consultant with robust trading capabilities. While the source does not specify the range of industries MIG operates in, its description suggests a broad engagement across different fields, underlining its role in consulting and trading. This indicates that MIG's business model is not confined to a single sector but spans across multiple areas where it can apply its international trade facilitation and strategic partnership skills.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Decline

Mitsubishi Jidosha Kogyo KK reported a slight decline in revenue for the first quarter of 2024. The company's consolidated net sales were 627.5 billion yen, down 1% year on year. This decrease is attributed to the sluggish demand for automobiles in key markets and intensifying sales competition.

Operating Profit

For the first quarter of 2024, Mitsubishi Jidosha Kogyo KK's consolidated operating profit was 35.5 billion yen. This represents a decrease of 9.7 billion yen compared to the same period last year. The decline in operating profit is primarily due to rising costs associated with inflation and a temporary increase in quality-related expenses.

Net Income

Mitsubishi Jidosha Kogyo KK's net income attributable to the owners of the parent company for the first quarter of 2024 was 29.5 billion yen. This marks a decrease of 18.4 billion yen year on year. The reduction in net income is a result of the challenging sales environment and increased operational costs.

Vehicle Sales

In the first quarter of 2024, Mitsubishi Jidosha Kogyo KK sold 194,000 vehicles globally, which is a 1% decrease compared to the same period last year. The decline in vehicle sales is due to the sluggish demand in key markets and the delay in economic recovery.

Financial Position

As of June 30, 2024, Mitsubishi Jidosha Kogyo KK's total assets amounted to 2,383.7 billion yen, down 70.8 billion yen from the end of the previous fiscal year. The company's cash and deposits stood at 562.0 billion yen, reflecting a decrease of 112.2 billion yen from the previous fiscal year-end.

Summarized from source with an LLMView Source

Key figures

-9.45%1Y

27.2%3Y

-11.3%5Y

Performance

36.4%1Y

41.3%3Y

43.4%5Y

Volatility