Mitsubishi Motors Hits Day Low at JPY 377.70 Amid Price Pressure

Mitsubishi Motors Corp. has experienced a significant decline today, with the stock dropping by 5.45% as it reached an intraday low of JPY 377.70. This performance is notably below the Japan Nikkei 225, which fell by only 1.01% during the same period. Over the past week, Mitsubishi Motors has seen a decrease of 4.04%, contrasting sharply with the Nikkei's gain of 5.07%.
The company's financial metrics reveal ongoing challenges, including a 2.94% decline in net sales and a staggering 83.75% drop in pre-tax profit, which now stands at JPY 6,950 million. Additionally, net profit has plummeted by 97.29% to JPY 824.18 million. The return on capital employed (ROCE) is at a low of 1.27%, indicating limited efficiency in generating returns from its capital.

Mitsubishi Motors has faced consistent underperformance against the benchmark, with a year-to-date decline of 28.69% compared to the Nikkei's 20.54% gain. The company has reported negative results for the last seven consecutive quarters, highlighting ongoing difficulties in its operational performance.