Corporate Events

Mitsubishi Motors Corporation provided cash dividend guidance for the second quarter-end and for the fiscal year ended March 31, 2026. For the second quarter-end, the company expects dividend of JPY 5.00 per share against JPY 7.50 per share paid a year ago. For the year, the company expects dividend of JPY 5.00 per share against JPY 7.50 per share paid a year ago.

Mitsubishi Motors Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the period, the company expects net sales of JPY 2,950,000 million, Operating profit of JPY 100,000 million, net income attributable to owners of parent of JPY 40,000 million and basic earnings per share of JPY 29.89.

Mitsubishi Motors Corporation announced dividend of JPY 7.50 per share for the year ended March 31, 2025 against JPY 5.00 per share paid a year ago. Scheduled date to commence dividend payments: June 20, 2025.

Mitsubishi Motors Corporation, Annual General Meeting, Jun 19, 2025.

Mitsubishi Motors Corporation, 2025 Earnings Call, May 08, 2025

Mitsubishi Motors Corporation announced that they will report fiscal year 2025 results on May 08, 2025

BLUE BATON Co., Ltd. announced that it has received funding from new investor Mitsubishi Motors Corporation for 5.9% stakes on March 25, 2025.

Nissan Motor Co., Ltd., Honda Motor Co., Ltd. and Mitsubishi Motors Corporation agreed to terminate their MoU regarding the consideration of the structure for a tripartite collaboration, in light of the termination of the MoU signed on December 23rd last year regarding the consideration of a business integration between Nissan and Honda. Going forward, the three companies will collaborate within the framework of a strategic partnership aimed at the era of intelligence and electrified vehicles. This framework was established with the MoU signed on August 1st last year, striving to create new value and maximize the corporate value of each company.

Mitsubishi Motors Corporation (TSE:7211) a junior partner of Nissan Motor, is considering not joining a planned merger between Nissan Motor Co., Ltd. (TSE:7201) and Honda Motor Co., Ltd. (TSE:7267), sources told Reuters. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies, three sources said on condition of anonymity because they were not authorised to speak about the matter publicly. In a statement, Mitsubishi Motors said there had been media reports on the way it intends to participate in the business integration framework that Honda and Nissan are considering, but the reports were not based on information announced by the company. It added it was considering various possibilities at this stage, and its direction had not yet been decided. The Yomiuri newspaper reported earlier on January 24, 2025 that Mitsubishi Motors was considering not joining the planned tie-up on concerns that it would be difficult for it to affect management decisions of the joint holding company given its relatively small size. When asked about Yomiuri's report, spokespeople for Nissan and Honda referred to Mitsubishi Motors' statement, without commenting further.

Mitsubishi Motors Corporation, Q3 2025 Earnings Call, Feb 03, 2025

Mitsubishi Motors Corporation expected to report Fiscal Year 2025 results on May 9, 2025. This event was calculated by S&P Global (Created on January 3, 2025).

Mitsubishi Motors Corporation announced that they will report Q3, 2025 results on Feb 03, 2025

Nissan Motor Co., Ltd., Honda Motor Co., Ltd. and Mitsubishi Motors Corporation have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors' participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda. Nissan, Honda, and Mitsubishi Motors have reached a basic agreement to proceed with discussions based on the framework established in the MOU signed by Nissan and Honda on August 1 regarding the commencement of a strategic partnership focused on intelligence and electrification. Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions. Following the agreement between Nissan and Honda to start consideration toward a business integration through the establishment of a joint holding company amid the dramatic changes in the environment surrounding both companies and the automotive industry, the three companies have agreed to explore the possibility of achieving synergies at an increased level through Mitsubishi Motors' participation or involvement in the business integration. Mitsubishi Motors aims to reach its conclusion by the end of January 2025 on the participation or involvement in the business integration between Nissan and Honda.

Joint Press Conference

Honda Motor Co., Ltd. (TSE:7267) and Nissan Motor Co., Ltd. (TSE:7201) took their first historic steps toward merging and creating a new force in the world’s automotive industry as aggressive competition from China forces legacy carmakers to rethink their business models. The two Japanese auto manufacturers signed a basic agreement for merger talks on December 23, 2024, according to a joint media briefing in Tokyo. Honda also said it will buy back as much as ¥1.1 trillion ($7 billion) of its own shares. A holding company will be created to house the new entity and should be listed by August 2026, they said, adding that Honda will be able to nominate a majority of directors of the holding company. Mitsubishi Motors Corporation (TSE:7211), which is 24.5% owned by Nissan, also signed the memorandum of understanding and will be part of the group. Such an alliance would give rise to the world’s third-largest carmaker, pitting the trio against Toyota Motor Corp. at home and Chinese automakers including BYD Co. and Geely Automobile Holdings Ltd. abroad. Toyota has stakes in Subaru Corp., Suzuki Motor Corp. and Mazda Motor Corp., creating a powerhouse of brands backed by its top-notch credit rating. All three Japanese companies are to some degree facing an existential threat brought on by the global automobile industry’s breakneck shift to battery-powered electric vehicles and hybrid drivetrains and away from combustion engine cars. In China, the soaring popularity of locally made EVs has foreign brands fighting for survival, and Japanese carmakers there are stuck with too much capacity. Honda and Nissan have both had to pare back staffing and production, while Mitsubishi Motors Corp. has all but extricated itself from China, the world’s biggest car market. Meanwhile, a rebound in sales of hybrid gas-electric cars in North America has left Nissan on the backfoot while Toyota, a pioneer in hybrid technology, has received a welcome boost. Nissan missed that window of opportunity due to its outdated product lineup that was missing attractive options for hybrids, much less any competitive EVs. For Nissan, the merger with Honda could provide much-needed relief after paltry sales in the US and China triggered a massive drop in revenue, forcing the battered carmaker to cut jobs, slash production capacity and lower its annual profit outlook by 70%.

Honda Motor Co., Ltd. (TSE:7267) and Nissan Motor Co., Ltd. (TSE:7201) are expected to announce as early as December 23, 2024 the start of their talks on a possible merger, people familiar with the matter said. The two Japanese automakers aim to share the cost of developing electric vehicle and autonomous driving technologies to catch up with U.S. and Chinese rivals. Mitsubishi Motors Corporation (TSE:7211) another Japanese automaker of which Nissan is the largest shareholder, is expected to join the merger talks after the turn of the year. A combination of Honda, Nissan and Mitsubishi will create the world's third-largest auto group with global annual vehicle sales of about eight million units. But Honda and Nissan have a lot of overlap with each other. Both focus on North America and Asia as key markets and target the same customer base as mass-market automakers. There was less overlap in the partnership between Nissan and Renault SA of France, said Jusuke Ikegami, a professor at Waseda University's graduate school and expert on the auto industry's business strategy. "Nissan's main sales areas and areas of expertise were different from those of Renault, but the situation is significantly different regarding its cooperation with Honda," Ikegami said. Honda and Nissan may need to consolidate overlapping areas if they try to maximize synergies from a possible merger. The merger talks may be affected if Nissan, already struggling with weak sales in North America and China, plunges into a deeper slump. A wild card for the talks is Taiwan's Hon Hai Precision Industry Co., which is reportedly interested in acquiring some Nissan shares held by Renault. If Hon Hai becomes a shareholder of Nissan, the merger talks will be complicated.

Honda Motor Co., Ltd. (TSE:7267) and Nissan Motor Co., Ltd. (TSE:7201) are preparing to start negotiations on a possible merger, which ultimately could be expanded to include Mitsubishi Motors Corporation (TSE:7211) Japan’s Nikkei reported. Such a deal would create an automotive rival to Toyota Motor Corp. that would effectively consolidate the Japanese auto industry into two camps. It would also provide Honda and Nissan with more resources to compete with larger peers after downsizing long-held global partnerships with other carmakers: France’s Renault SA for Nissan and General Motors Co. for Honda. The move toward a merger would follow a decision by the two companies earlier this year to work together on electric vehicle batteries and software. At that time, Honda Chief Executive Officer Toshihiro Mibe floated the possibility of a capital tie-up with Nissan. While Honda and Nissan stopped short of confirming December 17, 2024 report, both automakers issued statements that reiterated their previous pledges for further future cooperation. “We will inform our stakeholders of any updates at an appropriate time,” Honda said in its statement. American depositary receipts of Honda and Nissan shares climbed on the report. Nissan ADRs rose 11% and Honda’s gained 0.9% in late New York trading. The two major Japanese carmakers plan to sign a memorandum of understanding to discuss shared equity stakes in a new holding company under which the combined company would operate, the Nikkei said, without citing sources. The merger would help the manufacturers compete against rivals in electric vehicles such as Tesla Inc. and Chinese automakers, it said. It also puts them in a better position to compete at home and abroad with Toyota, the world’s largest automaker. Toyota has taken stakes in Subaru Corp., Suzuki Motor Corp. and Mazda Motor Corp., creating a powerhouse of brands backed by its top-notch credit rating. Honda, Nissan and Mitsubishi combined sold about 4 million vehicles globally in the first six months of the year, well shy of the 5.2 million that Toyota sold on its own. Honda’s valuation stood at JPY 6.8 trillion ($44.4 billion) as of the close of trading in Tokyo on December 17, 2024, well above Nissan’s JPY 1.3 trillion market capitalization. But even their combined value is dwarfed by Toyota’s JPY 42.2 trillion. Honda has long struggled to keep up with bigger capitalized rivals when it comes to investments in new technologies. It recently has shifted gears to boost hybrid gas-electric vehicles even as it spends billions of dollars on all-electric production. Honda’s arms-length partnership with GM has been weakened bit by bit, most recently earlier this month when their self-driving car partnership ended. Meanwhile, GM has strengthened its ties with South Korea’s Hyundai Motor Co. Nissan has partially unwound its complex 25-year strategic partnership with Renault, a fixation of former Chair Carlos Ghosn. Rivalries and mutual suspicion mounted over the years and came to a head when Ghosn openly contemplated a merger, contributing to his downfall. The former chairman and CEO, who has filed a suit against his former company for ousting him in 2018, warned of a “disguised takeover” of Nissan by Honda in an August interview with Automotive News. Nissan also has stepped up restructuring efforts to cope with stalled revenue growth and lower profits. It faces pressure from an activist shareholder and a daunting debt load that has led to speculation in credit markets about its investment grade rating. The reported merger talks come after the Financial Times said last month that Nissan was looking for an anchor investor to replace part of Renault’s equity holding and that it hadn’t ruled out having Honda buy some of its shares.

From November 7, 2024 to November 8, 2024, the company has repurchased 149,028,300 shares, representing 10.02% for ¥68,642.43 million. With this, the company has completed the repurchase of 149,028,300 shares, representing 10.02% for ¥68,642.43 million under the buyback announced on November 7, 2024.

The company closed its plan on November 8, 2024.

Mitsubishi Motors Corporation (TSE:7211) announces a share repurchase program. Under the program, the company will repurchase up to 149,028,300 shares, representing 10.02% of its issued share capital, for ¥ 68,642.43 million. The repurchase price will be ¥ 460.6 per share. The shares will be repurchased from Nissan Motor Co., Ltd. The purpose of the program is to improve capital efficiency and expand shareholder returns. As of September 30, 2024, the company had 1,487,151,183 shares (excluding treasury stock) and 3,131,313 shares in treasury.

The Board of Directors of Mitsubishi Motors Corporation has authorized a buyback plan on November 7, 2024.

Mitsubishi Motors Corporation, ¥ 7.50, Cash Dividend, Mar-28-2025

Mitsubishi Motors Corporation expected to report Q3 2025 results on January 30, 2025. This event was calculated by S&P Global (Created on October 30, 2024).

Mitsubishi Motors Corporation, Q2 2025 Earnings Call, Oct 30, 2024

Mitsubishi Motors Corporation announced that they will report Q2, 2025 results on Oct 30, 2024

Nissan Motor Co., Ltd., Honda Motor Co., Ltd. and Mitsubishi Motors Corporation announced that the three companies have signed a memorandum of understanding to jointly discuss a framework for further intelligence and electrification of automobiles based on the agreement signed by Nissan and Honda on March 15. Nissan and Honda are working to further accelerate initiatives aimed at achieving carbon neutrality and a zero-traffic-accident society. In anticipation of collaboration in areas such as environmental technologies, electrification technologies, and software development, discussions are being conducted on a broad scope. To accelerate this process, it is essential to create new value by integrating the technologies and knowledge cultivated by each company, and to improve business efficiencies. The participation of Mitsubishi Motors in the areas of potential collaboration considered and discussed by Nissan and Honda will not only add new knowledge and strengths but will also provide further synergies that can only be generated by the three companies, as well as new business opportunities.

Mitsubishi Motors Corporation expected to report Q2 2025 results on October 31, 2024. This event was calculated by S&P Global (Created on July 23, 2024).

Mitsubishi Motors Corporation, ¥ 7.50, Cash Dividend, Sep-27-2024

Mitsubishi Motors Corporation, Q1 2025 Earnings Call, Jul 23, 2024