Financial Performance - Mitsubishi Motors Corporation (MMC) reported a slight decline in global revenues to JPY 1,976.5 billion (US$ 12.7 billion) for the first nine months of FY26, from April to December 2025 [1] - The company experienced a significant drop in operating profit, which fell over 30% to JPY 31.6 billion (US$ 204 million), and incurred a net loss of JPY 4.49 billion (US$ 28.9 million), compared to a net profit of JPY 33.2 billion in the same period of the previous fiscal year [1][2] Market Conditions - MMC attributed its performance decline to the US import tariff policy, which created "significant headwinds" earlier in the fiscal year [2] - The global business environment remains "highly uncertain," with intensified price competition due to the aggressive export stance of Chinese manufacturers [2] Sales and Production - Global vehicle sales decreased by 6% to 589,000 units during the nine-month period, with a 4% decline in Southeast Asia [2] - Production also fell, with MMC producing 656,075 vehicles globally, down almost 4% year-on-year [2] Future Outlook - The company revised its global revenue forecast for FY26 upward to JPY 2.90 trillion, from a previous forecast of JPY 2.82 trillion, while maintaining its operating profit and net profit forecasts at JPY 60 billion and JPY 10 billion, respectively [3] - MMC indicated that despite the challenging external environment, recent initiatives, including the launch of new models, have led to a gradual recovery trend in earnings [4]