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Live+1 todayUpdated 51m ago

Mitsubishi Motors Announces New Vision for 2030s, Targets Higher Profit and New Pajero Series

Mitsubishi Motors unveiled a mid- to long-term vision for the 2030s, aiming to boost profitability and corporate value through distinctive products, AI-driven efficiency, and a focus on ASEAN and off-road vehicles.

New models planned over six years

13

Investment in growth initiatives (four years)

1 trillion yen

FY2029 operating profit target

160 billion yen

What Happened

Mitsubishi Motors announced a new mid- to long-term vision starting in fiscal year 2026, looking ahead to the 2030s. The plan combines a brand-driven growth strategy with structural transformation to enhance cost competitiveness and productivity through AI and digital transformation. The company aims to launch the all-new Pajero within the current fiscal year and develop it into a series, while focusing resources on ASEAN strategic models and off-road vehicles.

Key Initiatives
  • Launch 13 new models over the next six years, focusing on ASEAN and off-road vehicles
  • Concentrate resources on key countries: Philippines, Vietnam, Japan, and cultivate Middle East and Latin America
  • Enhance value chain businesses: used car sales, financing, after-sales, parts and accessories
  • Strengthen cost competitiveness through parts sharing, global procurement, and optimizing production capacity
  • Accelerate growth by leveraging existing and new alliances and partnerships
FY2029 Operating Profit Target

160 billion yenyen

With an operating margin of 4.5% and ROE of 10%

Why this matters

Mitsubishi Motors is laying out a long-term strategy to strengthen its brand and earnings base amid geopolitical and regulatory uncertainties, with specific financial targets that indicate a commitment to sustainable growth.

Terms in This Story

operating margin
Operating income divided by revenue, indicating profitability from core operations.
ROE
Return on equity, a measure of financial performance calculated by dividing net income by shareholders' equity.
ASEAN
Association of Southeast Asian Nations, a regional grouping of ten countries in Southeast Asia.
Read Original: Mitsubishi Motors Corporation

Summarised from the linked release; details can be imperfect — always verify against the original source.