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Mitsubishi Motors
(7211)
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Rating:48Neutral
Price Target:
¥350.00
▼(-6.47% Downside)
Action:Reiterated
Date:10/12/26
The score is held down primarily by weakening financial performance, especially the sharp margin compression and the shift to deeply negative free cash flow. Technicals are broadly neutral with negative MACD limiting upside signals, and valuation looks stretched due to a high P/E despite a moderate dividend yield.
Positive Factors
Multi-year revenue expansion
Revenue expansion since 2022 indicates that Mitsubishi Motors has maintained overall demand and market activity despite the latest profitability pressures. Continued top-line growth provides a foundation for improving operating leverage, supporting product investment, and sustaining the company’s competitive position over the next several quarters.
Negative Factors
Sharp margin compression
The sharp decline in profitability shows that revenue growth is not currently translating into durable earnings power. Thin net margins leave Mitsubishi Motors more exposed to changes in vehicle mix, costs, pricing, and demand, while also reducing the internal funds available for product development and strategic investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Revenue expansion since 2022 indicates that Mitsubishi Motors has maintained overall demand and market activity despite the latest profitability pressures. Continued top-line growth provides a foundation for improving operating leverage, supporting product investment, and sustaining the company’s competitive position over the next several quarters.
Read all positive factors
Mitsubishi Motors (7211) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥515.86B
Dividend Yield2.85%
Average Volume (3M)6.92M
Price to Earnings (P/E)43.9
Beta (1Y)1.08
Revenue Growth4.96%
EPS Growth-6.33%
CountryJP
Employees27,695
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)7.48
Shares Outstanding1,460,476,800
10 Day Avg. Volume6,496,180
30 Day Avg. Volume6,915,020
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)0.45
Price to Sales (P/S)0.14
P/FCF Ratio-5.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥341.17Price Target Upside-8.83% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering6
EPS Forecast (FY)22.32
Revenue Forecast (FY)¥3.09T
Mitsubishi Motors Business Overview & Revenue Model
Company Description
Mitsubishi Motors Corporation, with its various subsidiaries, specializes in the development, production, and sale of passenger automobiles, along with their related parts and components. Its expansive global footprint covers markets such as Japan...
How the Company Makes Money
Mitsubishi Motors primarily makes money by selling vehicles, supported by associated parts, service, and other automotive-related revenue. Key revenue streams include: (1) New vehicle sales: Revenue from wholesaling and retailing passenger cars an...
Mitsubishi Motors Earnings Call Summary
Earnings Call Date:Feb 03, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong performance in North America and the domestic market, along with notable achievements like the Design Car of the Year award and the start of overseas EV production. However, these positives were offset by global sales volume declines, challenges in the ASEAN region, and increased costs affecting profit, leading to a balanced overall sentiment.Positive Updates
Increase in Net Sales and Operating Profit
Net sales increased 14% year-on-year to JPY 263.9 billion, and operating profit increased 4% year-on-year to JPY 160.1 billion with an OP margin of 7.8%.
Negative Updates
Decrease in Global Sales Volume
Global sales volume decreased 7% year-on-year to 585,000 units, affected by transportation capacity issues and sluggish demand in certain regions.
Read all updates
Q3-2024 Updates
Positive
Negative
Increase in Net Sales and Operating Profit
Net sales increased 14% year-on-year to JPY 263.9 billion, and operating profit increased 4% year-on-year to JPY 160.1 billion with an OP margin of 7.8%.
Read all positive updates
Company Guidance
During the third quarter of FY 2023 earnings call for Mitsubishi Motors, Kentaro Matsuoka outlined the company's financial performance and strategic initiatives. Despite resolving vehicle supply shortages caused by semiconductor and vessel constraints, demand remained below expectations in some regions. Mitsubishi achieved a 14% year-on-year increase in net sales to JPY 263.9 billion, while operating profit rose by 4% year-on-year to JPY 160.1 billion with an operating profit margin of 7.8%. Ordinary profit reached JPY 166 billion, and net income was JPY 102.8 billion, influenced by restructuring costs in China. Retail sales volume decreased by 7% year-on-year to 585,000 units due to logistical challenges and sluggish demand. The year-on-year operating profit improvement was driven by a JPY 64.7 billion increase from volume and mix/selling price, despite a JPY 22.1 billion reduction from increased sales expenses and a JPY 29 billion deterioration from shipping and factory costs. Additionally, R&D expenses grew by JPY 5.7 billion, and other expenses increased by JPY 17.8 billion. Currency fluctuations had a favorable effect of JPY 16.3 billion. The company plans to maintain its profit forecast amid a challenging business environment, while focusing on new product launches and a midterm plan to roll out 12 new models, including seven electrified vehicles, by 2025.Mitsubishi Motors Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
60
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.90T | 2.79T | 2.79T | 2.46T | 2.04T |
| Gross Profit | 427.32B | 536.70B | 568.85B | 522.80B | 362.45B |
| EBITDA | 146.06B | 167.99B | 255.31B | 232.53B | 154.88B |
| Net Income | 10.02B | 40.99B | 154.71B | 168.73B | 74.04B |
Balance Sheet | |||||
| Total Assets | 2.42T | 2.25T | 2.45T | 2.20T | 1.93T |
| Cash, Cash Equivalents and Short-Term Investments | 438.89B | 452.51B | 674.23B | 595.96B | 511.50B |
| Total Debt | 395.42B | 314.79B | 492.36B | 428.28B | 480.53B |
| Total Liabilities | 1.45T | 1.27T | 1.41T | 1.37T | 1.30T |
| Stockholders Equity | 919.47B | 934.41B | 1.01T | 801.17B | 606.97B |
Cash Flow | |||||
| Free Cash Flow | -76.89B | 79.65B | 26.84B | 102.53B | 41.57B |
| Operating Cash Flow | 35.76B | 174.73B | 140.81B | 173.58B | 118.11B |
| Investing Cash Flow | -122.44B | -114.75B | -138.87B | -53.15B | -69.12B |
| Financing Cash Flow | 46.90B | -274.76B | 37.67B | -61.87B | -10.23B |
Mitsubishi Motors Technical Analysis
Negative
374.20
Price Trends
355.34
Negative
348.78
Positive
352.57
Negative
Market Momentum
-1.68
Negative
48.02
Neutral
67.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7211, the sentiment is Negative. The current price of 374.2 is above the 20-day moving average (MA) of 352.10, above the 50-day MA of 355.34, and above the 200-day MA of 352.57, indicating a bearish trend. The MACD of -1.68 indicates Negative momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 67.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7211.
Mitsubishi Motors Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥4.03T | 7.57 | 15.61% | 2.46% | 14.50% | 28.97% | |
64 Neutral | ¥36.73T | 8.85 | 11.67% | 3.22% | 7.23% | 7.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥7.02T | -46.71 | -1.40% | 3.90% | 4.13% | -130.84% | |
56 Neutral | ¥691.91B | 6.48 | 5.79% | 5.05% | 3.89% | 381.66% | |
48 Neutral | ¥515.86B | 43.90 | 1.19% | 2.89% | 4.96% | -6.33% | |
46 Neutral | ¥977.59B | -2.34 | -8.56% | 3.35% | -0.62% | 49.29% |
* Consumer Cyclical Sector Average
JP:7211
Mitsubishi Motors
345.10
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Mitsubishi Motors Corporate Events
Mitsubishi Motors Settles U.S. Subsidiary Lawsuit Without Changing Earnings Outlook
Oct 7, 2026
Mitsubishi Motors Corporation has announced the settlement of a lawsuit involving its U.S. subsidiary, Mitsubishi Motors North America, bringing an end to litigation that had progressed to the Court of Appeal. The company stated that the settlemen...
Mitsubishi Motors Doubles Quarterly Profits and Affirms Full-Year Outlook
Aug 3, 2026
Mitsubishi Motors reported a modest 1.8% increase in first-quarter net sales to ¥619.9 billion, while sharply boosting operating profit by 78.8% to ¥10.1 billion and more than doubling ordinary profit and profit attributable to owners of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.