Mitsubishi Motors Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥25.48 per share, an increase of 6.4% from ¥23.96 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥25.06 billion, a gain of 6.2% from ¥23.59 billion in the year-earlier period.
The normalized profit margin climbed to 4.8% from 4.5% in the year-earlier period.
Total revenue came to ¥521.31 billion, compared with ¥519.58 billion in the prior-year period, and total operating expenses came to ¥489.60 billion, compared with ¥484.79 billion in the prior-year period.
Reported net income grew 8.0% on an annual basis to ¥32.73 billion, or ¥33.28 per share, from ¥30.30 billion, or ¥30.76 per share.
As of Nov. 13, US$1 was equivalent to ¥115.76.
