Mitsubishi Report.pdf

Mitsubishi Motors' 2016 annual report highlights the company's corporate philosophy, which prioritizes customer satisfaction, environmental issues, and road safety. The report outlines the company's commitment to providing driving pleasure and safety, while also addressing concerns and issues related to car ownership.

Key points from the report include:

Mitsubishi Motors' improper conduct in fuel consumption testing, which involved falsifying testing data and using an unauthorized test method.
The company's apology for the significant inconvenience and concern caused to stakeholders.
Measures to prevent recurrence, including drastic reforms of internal control, governance, and compliance systems.
Progress on optimizing product sourcing strategy, including the discontinuation of operations at the US plant and increased production capacity in the ASEAN region.
Strengthening of SUV and electric vehicle lineups, with new models released in Japan, Europe, and other markets.
Strategic alliance with Nissan Motor, aiming to improve competitiveness and profitability through joint research and development, product development, and purchasing.

Financial highlights include:

Consolidated net sales growth of 4% to ¥2,267.8 billion.
Profit attributable to owners of the parent company decreased by 39% to ¥72.6 billion due to a loss on fuel economy testing.
* Significant progress on optimizing product sourcing strategy and strengthening product lineups.

The report also outlines the company's commitment to reforming its governance, internal control, and compliance systems, as well as initiatives aimed at achieving growth and enhancing corporate value.