TOKYO, April 25 Mitsubishi Motors Corp's
net profit rose 58.7 percent year-on-year to hit a
record of 38.0 billion yen ($382.4 million) in the financial
year ended March, helped by the yen's rapid depreciation, cost
cuts and Japan's green car subsidies.
It booked a 26.5 billion yen operating profit for the
quarter ended in March, a 5.2 percent rise year-on-year.
In the current financial year ending March 2014, it expects
to book 100 billion yen in operating profit.
Japan's seventh-biggest automaker by sales volume has been
embroiled in several recalls, and was warned by the transport
ministry this week that it needed to act more quickly to deal
with problems require vehicle recalls.
President Osamu Masuko told reporters on Thursday that the
company will set up a committee to improve quality control.