On April 24th, local time, due to the spread of the epidemic, Mitsubishi Motors announced that it would lower its performance forecast for the fiscal year 20 19 (April 20 19-March 2020) and decided to cut the salaries of its executives and directors.
Mitsubishi Motors lowered its expected sales in fiscal year 20 19 by 7.3% from 2,450 billion yen to 2,270 billion yen, 9.7% lower than that in fiscal year 20 18; It is predicted that the operating profit will be greatly reduced by 60% from 30 billion yen to 654.38+02 billion yen, down 89.3% from the previous fiscal year.
In addition, Mitsubishi expects a general loss of 5 billion yen in fiscal year 20 19, a net loss of 26 billion yen attributable to the mother, and a basic loss per share of 17.47 yen. Previously, Mitsubishi's performance forecasts for the above three data were all profitable.
Mitsubishi said that the decline in global auto market demand and the spread of COVID-19 were the main reasons for the company's sharp downward adjustment of its fiscal year performance forecast.
In order to stabilize the company's financial ability, Mitsubishi Motors decided to suspend the year-end dividend.
In addition, Mitsubishi Motors also decided to reduce the salary of the senior management team and company directors in FY 2020. Among them, the basic salaries of CEO, executive executives and company executives are lowered by 20%-30%, and performance pay is cancelled. Non-executive directors (including external directors) will return 10%-25% of their remuneration.
Kato Takao, CEO of Mitsubishi Motors, said that it is difficult for the company to provide appropriate performance forecasts in an uncertain business environment. At present, it is important to establish the stability of funds and prepare for all possible downside risks.
The data shows that from April 20 19 to February 2020, the cumulative output of Mitsubishi Motors was1213,000 vehicles, of which 82,000 were sold domestically and 333,000 were exported.
Affected by the epidemic, Mitsubishi Motors' factory in Japan began to stop production in March 2020. On April 2, the company announced that its three factories in Japan would stop production for a week or more.
After the suspension of production was announced, the company's financial settlement and audit work were also postponed. On April 2 1 day, Mitsubishi Motors announced that the annual report for fiscal year 20 19 originally scheduled to be released in May of1March was postponed to May of 19.
In February, 2020, Renault-Nissan-Mitsubishi Alliance announced that it had reached a brand-new framework agreement, further strengthened its business model and organizational structure, made use of its respective advantages, formed a strategic complementary cooperative relationship, and enhanced the competitiveness and performance of the three member companies. It is worth mentioning that the alliance plans to announce its medium-term strategic plan in May this year. The plan will reflect the major decisions of the board of directors of the alliance operation.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.