Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N
7211.T - Mitsubishi Motors Corp
Q3 2021 Mitsubishi Motors Corp Earnings Call
Feb 02, 2021 / NTS GMT
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Presentation
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Unidentified Company Representative [1]
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Please turn to Page 3. First, please refer to fiscal year 2020 third quarterly -- quarter summary. Sales decreased 43% year-on-year to JPY 952.8 billion due to sluggish global demand for automobile resulting from the spread of COVID-19. Operating loss, mainly due to global sales stagnation, was reduced by company-wide efforts to reduce overhead and fixed cost and with restructuring activities. However, the cumulative third quarter operating loss amounted to JPY 86.7 billion. Ordinary profit was negative JPY 92.9 billion, and net income was negative JPY 244 billion, mainly due to the recording of an external ordinary loss from the implementation of a structural reform.
Free cash flow turned positive from
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