TOKYO -- Mitsubishi Motors Corp., forecasts full-year profit may rise 28 percent on higher overseas sales. Net income may increase to 20 billion yen ($248 million) in the 12 months ending March 31 from 15.6 billion yen a year earlier, the company said in a statement today.
Revenue may climb to 1.95 trillion yen from 1.83 trillion yen, the automaker said. Global vehicle sales including the cars made for Mitsubishi's joint venture brands may rise to 1.17 million from 1.09 million units last year, Mitsubishi said in the statement.
Sales in the Asia-Pacific region and emerging markets, excluding Japan, are projected to gain 13 percent to 576,000 vehicles, or almost half of the automaker's total worldwide sales. Mitsubishi postponed its profit forecast from April 27, citing the impact on production from Japan's record earthquake in March.
The automaker estimated it lost output of 35,000 vehicles from March 14 to April 30, according to Kai Inada, a company spokesman.
Operating profit in the year started April 1 may rise to 50 billion yen from 40.3 billion yen, the company said.