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Mitsubishi lowers 2025/26 guidance as forex and tariffs bite

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Mitsubishi faced another quarter blighted by adverse forex and US tariffs, which could cause a 50% reduction in full-year margins. By Will Girling

It is a testament to Mitsubishi’s downturn in the previous quarter that a 79% year-on-year drop in profit for Q2 2025/26 is actually somewhat of an improvement, recovering margins 0.9pts to 1.8%. However, a triple-whammy of volume/mix, forex and tariffs hit the company hard: net losses stacked up to JPÂ¥8.6bn, versus a JPÂ¥3.4bn net profit three months ago.

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Mitsubishi lowers 2025/26 guidance as forex and tariffs bite



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