Japanese carmaker Mitsubishi Motors said on Wednesday that its net income fell 8.3% to ¥154.71 billion ($990 million) in 2024, compared to last year's ¥168.73 billion.
Earnings per share declined to ¥103.96 from ¥113.36 a year ago. Operating income, however, edged up 0.2% to ¥190.97 billion from last year's ¥190.50 billion.
Sales for the year increased 13.5% to ¥2.79 trillion from ¥2.46 trillion in the same period last year.
Looking ahead for fiscal year 2024, the company expects profit attributable to be ¥144 billion or ¥96.85 per share, down 6.9% from last year.
Operating income would be ¥190 billion, down 0.5%, while net sales are expected to rise 3.2% to ¥2.88 trillion.