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E D I T E D V E R S I O N
7211.T - Mitsubishi Motors Corp
Q1 2023 Mitsubishi Motors Corp Earnings Presentation
Jul 27, 2022 / 08:30AM GMT
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Presentation
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Unidentified Company Representative, [1]
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Thank you very much for taking the time out of your busy schedule to attend our financial results meeting.
In the fiscal year 2022, we started in an uncertain business environment due to the lockdown in the Shanghai region of China, a worldwide shortage of parts supply and logistics disruption. On the other hand, our performance improved significantly year-on-year due to the results of our efforts to improve sales quality and gross profit, which we have been working on since the previous fiscal year. And then also the currency exchange rate are working in our favor as well.
The net sales for the first quarter increased 22% year-on-year to JPY 528.7 billion. The operating profit
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