Mitsubishi Motors Cuts Fiscal 2026 Net Profit to 10 Billion Yen, Operating Profit Down 30% Amid U.S. Tariffs and ASEAN Sales Slump

Mitsubishi Motors has revised its full-year earnings forecast downward, anticipating a roughly 80% decline in net profit to 10 billion yen for the fiscal year ending March 2026, down from an earlier forecast of 40 billion yen. The company cited the impact of U.S. tariffs, often referred to as the Trump tariffs, and a slump in sales in the ASEAN market as key factors behind the revision. Operating profit is expected to fall by 30%, reflecting challenges from rising costs and tariff-related pressures. The reduced profitability has led to increased competition in other markets as companies attempt to offset declining sales in the U.S. Mitsubishi Motors' shares experienced a 2% dip following the announcement.