Mitsubishi downgrades FY2026 profit outlook

MANILA: Mitsubishi Motors Corporation has adjusted its projected profit outlook for fiscal year (FY) 2026. Specifically, it has lowered its forecasted net profit for shareholders to just ¥10 billion (around P3.978 billion), down a whopping 60 percent from its previous forecast of ¥25 billion (P9.946 billion). 

With regard to net global sales, this was downgraded from ¥3.26 trillion (P1.297 trillion) to ¥2.96 trillion (P1.177 trillion) - equivalent to a decrease of 9.2 percent. 

Notably, the company is still expected to gain a profit for FY2026, but it is significantly less compared to its previous forecast. It is likewise slightly below the ¥10.015 billion (P3.984 billion) the Japanese marque recorded in fiscal year 2025. 

As Mitsubishi disclosed, several factors led to its updated profit outlook. One of the biggest is the skyrocketing fuel prices due to the prolonged conflict in the Middle East. There’s also a global uptick in consumer adoption of electrified vehicles, which the brand admits is much faster and on a larger scale than it expected. Last is the intensifying price competition in the automotive market. 

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To expound on the second point, Mitsubishi further said that high fuel prices have also caused material prices, and thus production costs, to rise. At the same time, the company is expecting a lowered global sales volume forecast of 764,000 units for FY2026. 

Per Mitsubishi, the published figures above are based on available information at the time it was disclosed. It is still subject to change, so investors should be aware of this. 

Mitsubishi: addressing electrified vehicle adoption

Despite its gloomier outlook for FY2026, Mitsubishi Motors Corporation is still marching forward and is addressing the demand for electrified vehicles. 

In the Philippine market, the brand said that it is still committed to putting up a hybrid electric vehicle (HEV) production facility in Laguna. This is already subject to approval by the Electric Vehicle Incentive Strategy (EVIS) program and is set to receive a P7 billion investment plan from the said corporation. 

Earlier this year, Mitsubishi Motors Corporation Philippines launched the all-new Outlander plug-in hybrid electric vehicle (PHEV) for the local market. It is said to be the marque’s best-selling product globally, and it is the only electrified model sold by the brand in the local setting as of this publishing. 

Priced at P2.848 million, the Mitsubishi Outlander PHEV offers a well-equipped interior, a 2.4-liter PHEV system producing 301 horsepower and 450 Newton-meters of torque, nearly 1,000 kilometers of combined driving range, and a full suite of advanced driver-assist systems. 

On the global scale, however, the brand is still banking on the turbodiesel-only next-generation Pajero sport utility vehicle (SUV). It will be offered in four different trims in Japan starting December this year. 

In a statement, Mitsubishi said that it already tallied 5,500 pre-orders for the Pajero. 

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