Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsubishi Motors Corporation
Ticker 7211 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-16 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 2.6%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin2.6%
Equity ratio—
Last priceJPY 347
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
三菱自動車工業株式会社 is a Japanese listed company. Its reportable segments include Total Of, Financial Business, Car Business, Description Of.
- Total Of
- Financial Business
- Car Business
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Total Of · Financial Business · Car Business · Description Of · Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Compare trends
No phone/email found in this filing · Filing date 2026-06-16
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.8T | ¥2.9T |
| Cost of sales* | ¥2.3T | ¥2.4T |
| Gross profit | ¥536.7B | ¥449.1B |
| Operating profit (loss) | ¥138.8B | ¥75.5B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥36.6B | ¥36.2B |
| Profit (loss) | ¥50.6B | ¥21.2B |
| Profit (loss) attributable to owners | ¥41.0B | ¥10.0B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥450.1B | ¥438.9B |
| Current assets | ¥1.4T | ¥1.6T |
| Non-current assets | ¥854.8B | ¥808.3B |
| Total assets | ¥2.2T | ¥2.4T |
| Short-term borrowings | ¥22.7B | ¥69.9B |
| Current liabilities | ¥1.0T | ¥1.2T |
| Non-current liabilities* | ¥268.4B | ¥288.3B |
| Total liabilities | ¥1.3T | ¥1.5T |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥174.7B | ¥35.8B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥274.8B | ¥46.9B |
| Net increase (decrease) in cash | -¥224.1B | -¥18.0B |
| Cash at end of period | ¥450.1B | ¥438.9B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥2.0T | ¥2.5T | ¥2.8T | ¥2.8T | ¥2.9T | |
| Operating profit | ¥101.0B | ¥182.0B | ¥209.0B | ¥98.6B | ¥78.9B | |
| Profit to owners | — | — | — | ¥41.0B | ¥10.0B | |
| Total assets | ¥1.9T | ¥2.2T | ¥2.5T | ¥2.2T | ¥2.4T | |
| Cash & equivalents | — | — | ¥674.2B | ¥450.1B | ¥438.9B | |
| Owners’ equity | ¥630.3B | ¥830.4B | ¥1.0T | ¥973.6B | ¥963.3B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥2.8T to ¥2.9T (▲ +3.9%), so the top line did not break. Gross profit only slipped from ¥536.7B to ¥449.1B, while operating profit swung from ¥138.8B to ¥75.5B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥35.8B (prior ¥174.7B), and cash on the balance sheet rose to ¥438.9B from ¥450.1B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥1.5T while owners’ equity fell to —. ROE moved from 4.2% to 1.1%, and the equity ratio from 41.6% to 38.0%. Employee count is 27,695 vs 28,572 a year earlier.
Liquidity & leverage
Short-term borrowings jumped from ¥22.7B to ¥69.9B; watch refinancing and working-capital pressure even with a larger cash balance.
Capital buffer
Owners’ equity ratio fell from 41.6% to 38.0%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YCMC
(三菱自動車工業株式会社), period end 2026-03-31.