Mitsubishi Motors Corporation (MMC) saw a slight decline in global revenues to JPY 1,976.5 billion in the first nine months of FY26, with an operating profit drop of over 30% to JPY 31.6 billion and a net loss of JPY 4.49 billion.

The company attributed the performance decline to the US’ import tariff policy and intense price competition from Chinese manufacturers in global markets.

MMC reported a 6% decrease in global vehicle sales to 589,000 units, with Southeast Asia sales down by 4% and production of 656,075 vehicles globally.

Despite the challenges, Mitsubishi has raised its global revenue forecast for FY26 to JPY 2.90 trillion and remains optimistic about a gradual recovery due to successful initiatives like new model launches.

The company’s statement highlighted a year-on-year decrease in net sales and profit, but noted a positive trend thanks to recent initiatives and new model launches.

Read more at Yahoo Finance: Mitsubishi Motors reports net loss in Q3 FY26