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4-Traders Homepage  >  Equities  >  Tokyo  >  MITSUBISHI MOTORS CORPORATION    7211   JP3899800001

MITSUBISHI MOTORS CORPORATION (7211)
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Mitsubishi Motors : uses the system of "Tradable Green Certificates" at its shareholders' meeting.

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06/21/2018 | 09:08am CEST

Mitsubishi Motors Corporation has entered into a contract with Japan Natural Energy Company Limited (JNEC), utilizing the system of 'Tradable Green Certificates (*),' and purchased the certificates from JNEC (25,000kWh). Mitsubishi Motors Corporation is going to utilize the certificates to cover all electricity to be used during its upcoming 49th Ordinary General Meeting of Shareholders scheduled for June 22.

Mitsubishi Motors Corporation has set measures to address climate change and to accelerate the shift to renewable energy as its crucial business challenges, and promotes the introduction of renewable energy in various ways as part of the activity to realize a carbon-free business environment. In Fiscal Year 2018, we are planning to utilize Tradable Green Certificates to cover all electricity to be used in our new R&D office (Okazaki, Aichi Prefecture), which will be launched in October 2018, as well as our new head office (Minato-ku, Tokyo) to which we will relocate in January 2019.

(*): The system of 'Tradable Green Certificates' has been established to trade the environmental added value of electricity generated by natural energy (=renewable energy) in the form of 'Tradable Green Certificates.' The Tradable Green Certificates are issued by a third-party organization: Japan Quality Assurance Organization (general incorporated foundation).

About MITSUBISHI MOTORS

Mitsubishi Motors Corporation is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid vehicles. The company launched the i-MiEV - the first mass-produced electric vehicle in 2009, which was followed by the OUTLANDER PHEV in 2013 - a plug-in hybrid market leader in Japan and Europe. Mitsubishi Motors has 30,000 employees and a global footprint with production facilities in Japan, Thailand, China, Indonesia, Philippines and Russia. Models, such as the PAJERO SPORT/MONTERO SPORT, TRITON/L200 and OUTLANDER play a major role in achieving its growth. The global sales volume in fiscal year 2017 was 1,101,000 units, and the net sales of Mitsubishi Motors for fiscal year 2017 was 2.19 trillion yen. Mitsubishi Motors is listed on the Tokyo Stock Exchange.

Disclaimer

Mitsubishi Motors Corporation published this content on 21 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 June 2018 07:07:06 UTC

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Financials ( JPY)
Sales 2019 2 416 B
EBIT 2019 -
Net income 2019 113 B
Finance 2019 517 B
Yield 2019 2,31%
P/E ratio 2019 11,76
P/E ratio 2020 10,30
EV / Sales 2019 0,33x
EV / Sales 2020 0,30x
Capitalization 1 317 B
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MITSUBISHI MOTORS CORPORAT Technical Analysis Chart | 7211 | JP3899800001 | 4-Traders
Technical analysis trends MITSUBISHI MOTORS CORPORAT
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 945  JPY
Spread / Average Target 6,8%
EPS Revisions
Managers
NameTitle
Osamu Masuko President, CEO & Representative Director
Carlos Ghosn Bichara Chairman
Trevor Mann Chief Operating Officer
Masao Kuruma Chief Information Officer
Harumi Sakamoto Non-Executive Director
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