OREANDA-NEWS. Mitsubishi Motors Corporation (MMC) announced its sales and financial results for the first quarter of the 2015 fiscal year (1Q FY2015) ending March 31, 2016.

MMC posted consolidated net sales of 500.5 billion yen over 1Q FY2015 (April 1 through June 30, 2015), a 3% or 13.3 billion yen decrease over the same period last fiscal year.

MMC posted an operating income of 18.6 billion yen, a decrease of 40% or 12.4 billion yen over the same period last fiscal year. Decline in wholesales volume of minicars and the Outlander PHEV which is in its transition period for the model change negatively affected to volume and model mix resulting in the decrease.

MMC posted other items including an ordinary income of 24.1 billion yen, a 26% or 8.5 billion yen decrease, and a net income attributable to owners of the parent of 24 billion yen, a 15% or 4.2 billion yen decrease year-on-year.