7211
MITSUBISHI MOTORS CORPORATION
三菱自動車工業株式会社
Transportation Equipments
Mitsubishi Motors Corporation, together with its subsidiaries, engages in the development, production, and sale of passenger vehicles, and related parts and components in Japan, Europe, North America, Oceania, the rest of Asia, and internationally. The company offers EVs/PHEVs, SUVs, pickup trucks, MPVs, minicars, and cars under the Mitsubishi brand name. It also engages in the financial businesses. Mitsubishi Motors Corporation was incorporated in 1970 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.54×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥2,896.5B
¥2,788.2B
¥2,789.6B
¥2,458.1B
¥2,038.9B
Cost of Sales
¥2,447.4B
¥2,251.5B
¥2,220.7B
¥1,935.3B
¥1,676.5B
Gross Profit
¥449.1B
¥536.7B
¥568.8B
¥522.8B
¥362.4B
SG&A
¥373.6B
¥397.9B
¥377.9B
¥332.3B
¥275.1B
Operating Income
¥75.5B
¥138.8B
¥191.0B
¥190.5B
¥87.3B
Non-Operating Income
¥18.6B
¥18.8B
¥34.4B
¥16.3B
¥24.5B
Dividend Income
—
¥665M
¥580M
¥677M
¥567M
Interest Income
—
¥12.0B
¥13.4B
¥7.6B
¥1.9B
Non-Operating Expenses
—
¥59.0B
¥16.3B
¥24.8B
¥10.8B
Interest Expense
—
¥6.7B
¥6.1B
¥3.6B
¥5.1B
Ordinary Income
¥78.9B
¥98.6B
¥209.0B
¥182.0B
¥101.0B
Pre-tax Income
¥57.3B
¥87.3B
¥180.8B
¥168.1B
¥94.7B
Income Taxes
¥36.2B
¥36.6B
¥20.3B
¥-8.2B
¥15.5B
Current Tax
—
¥29.7B
¥27.6B
¥36.4B
¥13.4B
Deferred Tax
—
¥7.0B
¥-7.3B
¥-44.6B
¥2.2B
Net Income (owners)
¥10.0B
¥41.0B
¥154.7B
¥168.7B
¥74.0B
Minority Interest
—
¥9.7B
¥5.9B
¥7.6B
¥5.1B
Comprehensive Income
—
¥19.0B
¥232.8B
¥202.7B
¥106.8B
EBITDA
¥158.1B
¥212.8B
¥258.7B
¥250.6B
¥141.0B
EPS
¥7.48
¥28.70
¥103.97
¥113.38
¥49.76
Shares Outstanding
—
1.34B
1.49B
1.49B
1.49B
Shares Issued (total)
—
1.46B
1.49B
1.49B
1.49B
Treasury Shares
—
120.0M
0.8M
0.9M
1.3M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥2,418.1B
¥2,245.9B
¥2,454.5B
¥2,201.5B
¥1,928.4B
Current Assets
¥1,609.9B
¥1,391.1B
¥1,627.8B
¥1,475.0B
¥1,255.9B
Cash & Deposits
¥438.9B
¥452.5B
¥674.2B
¥596.0B
¥511.5B
Trade Receivables
—
¥154.2B
¥151.0B
¥184.6B
¥119.8B
Non-Current Assets
¥808.3B
¥854.8B
¥826.6B
¥726.6B
¥672.5B
PP&E
¥551.2B
¥524.4B
¥498.1B
¥454.6B
¥429.5B
Intangible Assets
—
¥51.2B
¥44.9B
¥40.0B
¥38.3B
Investment Securities
¥52.2B
¥102.7B
¥104.1B
¥95.4B
¥98.4B
Deferred Tax Assets
—
¥78.8B
¥86.3B
¥74.0B
¥43.7B
Total Liabilities
¥1,454.8B
¥1,272.4B
¥1,410.0B
¥1,371.1B
¥1,298.1B
Current Liabilities
¥1,166.5B
¥1,003.9B
¥1,175.2B
¥1,007.4B
¥1,084.2B
Accounts Payable
—
¥351.0B
¥337.4B
¥369.5B
¥324.1B
ST Debt
¥187.4B
¥106.1B
¥292.7B
¥104.4B
¥313.9B
Taxes Payable
—
¥12.2B
¥9.5B
¥13.5B
¥8.5B
Non-Current Liabilities
¥288.3B
¥268.4B
¥234.8B
¥363.8B
¥214.0B
Total LT Borrowings
¥140.7B
¥130.5B
¥127.8B
¥248.0B
¥95.8B
Pension Obligations
—
¥40.6B
¥20.4B
¥36.7B
¥32.2B
Deferred Tax Liab.
—
¥92M
¥203M
¥320M
¥17.1B
Total Equity
¥963.3B
¥973.6B
¥1,044.5B
¥830.4B
¥630.3B
Capital Stock
—
¥284.4B
¥284.4B
¥284.4B
¥284.4B
Capital Surplus
—
¥185.8B
¥199.6B
¥199.6B
¥199.8B
Retained Earnings
¥451.0B
¥500.6B
¥478.2B
¥338.4B
¥169.7B
Treasury Stock
—
¥-56.4B
¥-1.7B
¥-989M
¥-1.4B
AOCI
—
¥20.0B
¥49.7B
¥-20.3B
¥-45.8B
Equity (owners)
¥864.9B
¥914.4B
¥960.5B
¥821.4B
¥652.5B
Minority Interests
—
¥39.2B
¥34.2B
¥29.2B
¥23.3B
Total Interest-Bearing Debt ⓘ
¥328.2B
¥236.5B
¥420.4B
¥352.5B
¥409.7B
Net Cash ⓘ
¥110.7B
¥216.0B
¥253.8B
¥243.5B
¥101.8B
NCAV ⓘ
¥155.0B
¥118.8B
¥217.8B
¥103.8B
¥-42.2B
NCAV/Share
—
¥89
¥146
¥70
¥-28
BV/Share
—
¥682
¥645
¥552
¥438
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥35.8B
¥174.7B
¥140.8B
¥173.6B
¥118.1B
Interest Paid
—
¥-6.8B
¥-5.9B
¥-3.6B
¥-5.1B
Interest Received
—
¥14.3B
¥18.8B
¥13.4B
¥3.2B
D&A
¥82.6B
¥74.0B
¥67.7B
¥60.1B
¥53.6B
Investing CF
¥-122.4B
¥-114.8B
¥-138.9B
¥-53.1B
¥-69.1B
CapEx
¥112.6B
¥95.1B
¥114.0B
¥71.0B
¥76.5B
Financing CF
¥46.9B
¥-274.8B
¥37.7B
¥-61.9B
¥-10.2B
Dividends Paid
—
¥-18.6B
¥-14.8B
¥-16M
¥-21M
Share Buybacks
—
¥-68.6B
—
—
—
LT Debt Repaid
—
¥-353.1B
¥-87.4B
¥-306.5B
¥-65.8B
Free Cash Flow
¥-76.9B
¥79.7B
¥26.8B
¥102.5B
¥41.6B
Net Change in Cash
—
¥-224.1B
¥78.3B
¥84.5B
¥66.9B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
1.0%
4.2%
17.1%
24.0%
13.3%
ROA
0.4%
1.7%
6.6%
8.2%
3.8%
EPS
¥7.48
¥28.70
¥103.97
¥113.38
¥49.76
DPS
¥5.00
¥15.00
¥10.00
¥5.00
—
BPS
¥687.01
¥698.28
¥679.45
¥538.28
¥407.82
FCF/Share
—
¥59
¥18
¥69
¥28
NCAV/Share
—
¥89
¥146
¥70
¥-28
Payout Ratio
66.8%
52.3%
9.6%
4.4%
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2024-11-15
Mitsubishi UFJ Financial Group, Inc.
48.08%
change
Passive
—
2024-11-14
NISSAN MOTOR CO., LTD.
46.48%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
日産自動車株式会社
357,592,277
26.67%
2
三菱商事株式会社
298,012,214
22.23%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
107,486,700
8.01%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
31,270,250
2.33%
5
Northern Trust Company
NORTHERN TRUST GLOBAL SERVICES SE, LUXEMBOURG RE LUDU RE: UCITS CLIENTS 15.315 PCT NON TREATY ACCOUNT (常任代理人:香港上海銀行東京支店 カストディ業務部)
27,010,000
2.01%
6
三菱重工業株式会社
21,572,455
1.60%
7
MAN INTERNATIONAL ICVC - MAN GLG JAPAN COREALPHA FUND (常任代理人:株式会社みずほ銀行決済営業部)
16,109,500
1.20%
8
株式会社三菱UFJ銀行
14,877,512
1.10%
9
BNY Mellon (Nominee)
THE BANK OF NEW YORK, TREATY JASDEC ACCOUNT (常任代理人:株式会社三菱UFJ銀行)
13,073,046
0.97%
10
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口4)
11,143,600
0.83%
Domestic Nominees
11.2%
+1.8% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.0%
+3.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
52.8%
-5.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日産自動車
34.01%
34.01%
26.67%
-7.34%
三菱商事
20.00%
20.00%
22.23%
+2.23%
日本マスタートラスト信託銀行
7.19%
7.03%
8.01%
+0.98%
日本カストディ銀行
0.57%
2.35%
3.16%
+0.81%
Northern Trust
NEW ENTRY
—
—
—
2.01%
NEW
三菱重工業
1.44%
1.44%
1.60%
+0.16%
MAN INTERNATIONAL ICVC - MAN GLG JAPAN COREALPHA FUND
NEW ENTRY
—
—
—
1.20%
NEW
式会社三菱UFJ銀行
0.99%
0.99%
1.10%
+0.11%
BNY Mellon
NEW ENTRY
—
—
—
0.97%
NEW
NORTHERN TRUST GLOBAL SERVICES SE, LUXEMBOURG RE LUDU RE: UCITS CLIENTS 15.315 PCT NON TREATY ACCOUNT
last seen 2024
Exited Top 10
—
0.82%
—
THE BANK OF NEW YORK MELLON 140044
last seen 2024
Exited Top 10
0.52%
0.77%
—
STATE STREET BANK WEST CLIENT - TREATY 505234
last seen 2024
Exited Top 10
0.54%
0.53%
—
式会社SBI証券
last seen 2023
Exited Top 10
0.74%
—
—
CGMI PB CUSTOMER ACCOUNT
last seen 2023
Exited Top 10
1.11%
—
—
Concentration (HHI)
ⓘ
1614
1616
1290
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,813M
+78% since 2023
Holdings
5
+2 new
2 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥3,813M total
FY2023
¥2,137M total
Book Val ¥M
Shares
Book Val ¥M
Shares
FLEETPARTNERS GROUP LTD
3,059
NEW
New
11,927,977
—
中華汽車工業股份有限公司
740
2,277,634
637
2,277,634
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ダイナミックマッププラットフォーム㈱
14
NEW
New
10,000
—
PT GoTo Gojek Tokopedia(注)2
—
—
United Motors Lanka LTD(注)2
—
—
PT GoTo Gojek Tokopedia
—
−100%
Exit
—
1,380
1,423,194,949
ユナイテッド・モーターズ・ランカ・リミテッド
—
−100%
Exit
—
120
4,937,142
Portfolio total
3,813
2,137
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding