FY2023
Financial Result
May 8, 2024

1

1. FY2023 Financial Results

2. FY2024 Financial Forecast

3. FY2024 Priority Initiatives

2

FY2023 Financial Results Summary (vs. FY2022)
Full-year(Billion yen, 000 units)

FY2022

FY2023

Net Sales

2,458.1

2,789.6

Operating Profit

190.5

191.0

(OP Margin)(7.7%)

Ordinary Profit

Quarterly
Variance

AmountRatio+331.5

+13%

+0.5

2Q

3Q

4Q

635.8

695.0

733.1

725.7

45.2

59.0

55.9

30.9

(7.1%)(8.5%)(7.6%)(4.3%)

+15%

61.8

59.1

45.1

43.0

-14.0

-8%

47.9

19.6

35.3

51.9

-19

-2%

195

194

196

230

(6.8%)(-0.9pp)

182.0

209.0

+27.0

Net Income*

168.7

154.7

Sales Volume

834

815

(Retail)

1Q+0%* Net income attributable to owners of the parent

In the 2H/FY23, inventory shortages caused by semiconductor and shipping
constrains were almost resolved, and the competitive environment began tonormalize. Overall, the business environment surrounding us has beenchallenging due to a sharp decline in the total demand for automobiles in someASEAN countries.
Considering this situation, we reviewed all costs and focused on improving thequality of sales or “net revenue strategy.“ However, results fell slightly short of
the revised full-year operating profit forecast.
Net sales increased 13% YoY to ¥2,789.6 billion. Operating profit was ¥191.0
billion and the operating margin was 6.8%. Ordinary profit was ¥209 billion andnet income was ¥154.7 billion.
Retail sales were 815,000 units, mainly due to the impact of stagnant total
automotive demand.

3

FY2023 Operating Profit Variance (vs. FY2022)(Billion yen)

+76.1

ASEAN
Australia/NZ
Latin America,
Middle East/
Africa, etc.
Japan

North America
EuropeChina, others

Procurement
cost

-5.8
+7.3
+18.0

Indirect labor
cost

-5.6

Quality related
cost

-19.0

Generalexpenses, etc.

-6.7

-18.6

Factory
expenses-6.8

Shipping cost

-14.7

+11.4
+41.0
+5.4
-1.2

FX rate(Yen)

Effect

FY22

FY23(bill yen)

USD

136

144

+27.0

EUR

142

156

+10.7

THB

3.82

4.10

-34.1

AUD

93

95

+5.9

PHP

2.47

2.60

+6.9

-

-

+21.4

Others

FY2022
APR 2022MAR 2023

VolumeMix/
Selling
Price

Sales
Expenses

Procurement
Cost/Shipping
Cost

R&D

OthersForex

FY2023
APR 2023MAR 2024

Volume and Mix/Selling price improved by ¥76.1 billion YoY. Volume increased ¥9billion due to volume growth in North America, Latin America and the Middle
East Africa, and domestic sales. Also MIX/Selling price contributed a ¥67.1 billion
in profit due to the “net revenue strategy.“

Sales expenses reduced operating profit by ¥34.6 billion yen YoY owing to anincrease in incentives under normalization of the competitive sales environment
due to the resolution of vehicle supply shortages, as well as an increase inadvertising expenses in line with plans.
Procurement Cost/Shipping Cost decreased by ¥40.1 billion in total, mainly due
to the impact of inflation and an increase in shipping costs such as special vessel
allocation expenses.
R&D expenses increased as planned, resulting in a ¥7.4 billion decrease in profit,and other items deteriorated by ¥31.3 billion, mainly due to an increase in
expenses such as indirect labor costs and quality cost.
The negative impact of the cost currency THB was offset by the USD and othercurrencies, resulting in a favorable effect of ¥37.8 billion YoY.

4

4Q/FY2023 Operating Profit Variance (vs. 4Q/FY2022)(Billion yen)

+11.4

FX rate(Yen)

Procurement
cost

-5.6

Factory
expenses-2.0

Shipping cost

-3.5

4Q/FY23(bill yen)

USD

134

148

+10.7

EUR

143

161

+3.1

THB

3.89

4.17

-8.3

AUD

91

97

+5.2

PHP

2.43

2.65

+2.9

-

-

+7.9

Others4Q/
FY2022
JAN-MAR 2023

ASEAN

-1.3

Australia/NZ+4.5

Latin America,
Middle East/
Africa, etc.

-2.7

Japan

+2.4

North America+11.3

Europe-2.3

China, others-0.5

VolumeMix/
Selling
Price

Indirect labor
cost
Quality related
cost

Sales
Expenses

Procurement
Cost/Shipping
Cost

-1.3

Effect4Q/FY22

Generalexpenses, etc.

-3.9

-8.3

R&D

Others

Forex

4Q/
FY2023
JAN-MAR 2024

Volume, Mix/Selling Price improved by ¥11.4 billion YoY. Of this, volume
deteriorated by ¥0.9 billion in operating profit, as a result of downturn in somecountries in ASEAN and Latin America/Middle East, Africa, etc., Meanwhile
Mix/Selling Price increased by ¥12.3 billion due to the promotion of “Net
Revenue Strategy”.
Sales expenses deteriorated by ¥12.5 billion due to an increase in incentives with
the normalization of the competitive sales environment and an increase inadvertising expenses.
Procurement Cost/Shipping Cost worsened by ¥11.1 billion in total. Although
raw material prices stabilized with commodity market stability, increased factoryand shipping costs resulted in a total deterioration.
R&D expenses increased as planned and, as a result, reduced operating profit by¥1.7 billion YoY. And other items deteriorated by ¥13.5 billion, mainly due to anincrease in expenses such as indirect labor costs and general expenses as well as
the recording of quality-related costs.
Regarding foreign exchange, the negative impact of the appreciation of THB wasreversed by USD and other currencies, resulting in an increase in profit of ¥21.5
billion.

5

FY2023 Sales Volume Forecast (vs. FY2022)
Retail sales(000 units)

262

GLOBAL

-19

(-2%)

ASEAN

-23

(-9%)

Australia/NZ

-4

(-5%)

239

88

84

Latin America, Middle
East/Africa, etc.

-14

(-9%)

150

136

Japan

+19

(+21%)

92

111

North America+30(+23%)

133

163

Europe

-2

(-3%)

59

China, others-25(-52%)

61
48

23

Compared with the previous fiscal year, overall global sales volume decreased in
all regions except North America, where overall sales of the Outlander series
increased, and Japan, where the Delica Mini was well received.
In particular, total demand in Thailand, Indonesia and some other countries in
the ASEAN region fell sharply, and we were also strongly affected by this. In
Australia and NZ, sales declined YoY due to sluggish inland transportation causedby port congestion. In Latin America, the Middle East and Africa sales declined
YoY due to intensified competition associated with a recovery in vehicle supplies,
and the timing of model-switching.
In China and others, sales were halved YoY as a result of structural reforms
implemented in FY2023.

6

1. FY2023 Financial Results

2. FY2024 Financial Forecast

3. FY2024 Priority Initiatives

7

FY2024 Financial Forecast (vs. FY2023)(Billion yen, 000 units)

FY2023

FY2024 Forecast(APR 2023 - MAR 2024)(APR 2024 - MAR 2025)

Net Sales

2,789.6

2,880.0

Operating Profit

191.0

190.0

(OP Margin)(6.8%)

Variance
Amount+90.4-1.0(6.6%)(-0.2pp)

Ratio

+3%
-1%

Ordinary Profit

209.0

190.0

-19.0

-9%

Net Income *

154.7

144.0

-10.7

-7%

Dividend per share(¥)

¥10

¥15

815

895

+80

+10%

Sales Volume(Retail)* Net income attributable to owners of the parent

In FY2023, starting from Thailand and Indonesia, we launched new models“Triton” and “Xforce”. However, demand in these two markets was particularly
sluggish, and we struggled to sell out the old generation model and launch newmodels. As a result, we were unable to enjoy sufficient effects of new models.

Despite this environment, we believe that the effects of launching new models
will expand in FY2024, as these two new models will be rolled out sequentially in
the Philippines and other countries where the economy is firm. In Thailand andIndonesia, we think it will take some time for demand to recover. On the other
hand, in Japan, the U.S. and other countries, the economy will continue to be
doing well. Therefore, a certain level of sales volume and profits would be
expected.
Taking in these items, in FY2024, we aim for net sales of ¥2,880 billion,
operating profit of ¥190 billion, ordinary profit ¥190 billion, and net income of¥144 billion.

Based on this plan, we plan to increase the dividend to ¥15 per share for FY2024.
In addition, we will clarify the investment required for future growth within thecurrent fiscal year and will vigorously consider further our shareholder return
policy.

8

FY2024 Operating Profit Variance Forecast (vs. FY2023)(Billion yen)

+28.0

ASEAN
Australia/NZ
Latin America,
Middle East/
Africa, etc.
Japan
North America
EuropeChina, others

FY2023
APR 2023MAR 2024

Volume-2.8

Aftersales+1.3

Generalexpenses, etc.

+6.9

Procurement+26.9
cost reduction

+14.0
+0.5

Inflation
impact, etc.

+1.4
+4.6
+13.3
-5.3
-0.5

Mix/
Selling
Price

Indirect labor
cost

-10.6

Factory
expenses-7.1

Shipping cost

-4.2

FX rate(Yen)

Effect

FY23

FY24(bill yen)

USD

144

142

-7.0

EUR

156

159

+0.5

THB

4.10

4.14

-4.6

AUD

95

96

+2.2

PHP

2.60

2.61

+0.5

-

-

+7.4

OthersSales
Expenses

Procurement
Cost/Shipping
Cost

R&D

OthersForex

FY2024
APR 2024MAR 2025

As for the impact of Volume and Mix/Selling Price, we expect a decline in sales
volume due to the termination of sales in some regions and the transition to
new models to be offset by efforts to maximize the impact of new models which
are expected to be rolled out and further improve the quality of sales, resulting
in a total of ¥28 billion increase in operating profit.
Selling expenses will reduce operating profit by ¥28 billion from the previous
fiscal year, mainly due to an increase in incentives reflecting the normalization of
the sales competitive environment.
As for procurement and shipping costs, we expect a total increase of ¥5 billion
as a result of efforts to reduce costs to counteract a sharp rise in material costs
due to inflation and worsening factory expenses caused by rising energy andlabor costs.
R&D expenses are on an increasing trend toward securing resources andachieving sustainable growth, and this is a factor behind the ¥10.4 billion
decrease in operating profit.
Others are expected to increase operating profit by ¥5.4 billion from theprevious fiscal year through efforts to reduce general expenses etc.
Regarding the impact of exchange rates, although the yen has depreciated since
the beginning of the year, we expect a negative impact of ¥1 billion assuming amoderate appreciation of the yen.
9

FY2024 Sales Volume Forecast (vs. FY2023)
Retail sales(000 units)

GLOBAL+80(+10%)

ASEAN+38(+16%)

Australia/NZ

+2

(+2%)

86

Latin America, Middle
East/Africa, etc.

+16(+12%)

154

Japan

+1

(+1%)

111

112

North America+22(+13%)

163

185

Europe+11(+19%)

68

China, others-10(-43%)

277
239
84
138

23

57

13

From FY2024, the regional classification of some countries in Europe waschanged to “Middle East/Africa, etc.”. FY2023 actual numbers above werechanged accordingly.

Following on from FY2023, although a severe macro environment is predicted
especially in some countries in ASEAN and Oceania, we are forecasting retailsales of 895,000 units globally by implementing the planned rollout of newmodels, such as “Triton” and “Xforse” in various countries.

101. FY2023 Financial Results

2. FY2024 Financial Forecast

3. FY2024 Priority Initiatives

11

FY2024 Outlook
ASEAN

Oceania

Sales Volume / Market ShareAccording to research

FY2023

FY2024 (Forecast)

Oceania

84k units

86k units

ASEAN

239k units

277k units

Thailand29k units (4.1%)
78k units (8.1%)
81k units (18.6%)
30k units (10.5%)
20k units (2.5%)

42k units (5.4%)
78k units (8.4%)
88k units (19.3%)
42k units (13.5%)
24k units (3.7%)

Indonesia
Philippines
Vietnam
Malaysia◼ The gradual recovery of TIV in Thailand, Indonesia, etc. is likely in the second half of the year
but lacks strong momentum.
◼ Aim to win loyal customers by strengthening CX DX.
◼ Smooth replacement of new and old models for deployment of new models in each country.
Expand and strengthen product lineups, strengthen and improve sales & marketing anddistribution networks to prepare for medium- to long-term market growth.

In FY2024, it is predicted that a certain amount of time will be needed to recovermarket conditions in Thailand, Indonesia, Vietnam, and others in ASEAN.
However, the new “Triton” and “Xforce” began to be rolled out in various countries
from the beginning of 2024, and orders in all of these countries have been firm.
It is expected that the effects of new launches will gradually increase with the
expansion of the territory of sales..
And sales of BEV, which grew rapidly in Thailand in FY2023, have been suddenly
braked this year, and it is probable that the expansion of BEV has hit a lull at thismoment.
On the other hand, “XPANDER” HEV, which was launched in Thailand in February
2024, has been very well received by customers, and orders have exceeded our
expectations. Going forward, we will continue to introduce products that
embody "Mitsubishi Motors-ness“ in the HEV market which is in high demand
from customers. Also, we will contribute to ASEAN's move toward
decarbonization while aiming to grow further by leveraging new products.
In addition, while utilizing HEV, we will continue to prepare for re-accelerating
the transition to BEV, which will be happening in the future.
<Continued on next page>12

In FY2024, the macro economy in the Oceania region is expected todecelerate, affected by inflation and high interest rates. Despite achallenging sales environment, we will leverage the new “Triton”, whose
full-scale sales were launched in March 2024, to maintain and increase
our sales volume as well as further improve our brand value.

12

FY2024 Outlook
Latin America, Middle East/Africa
Sales Volume
FY2023

FY2024 (Forecast)Latin America,
Middle East/
Africa, etc.

138k units

154k units

Latin America

55k units

65k units

Middle East/
Africa, etc.

83k units

89k units◼ The TIV in each country is expected to be generally strong.
◼ Strengthen initiatives to improve CX and promote initiatives to improve brand value centeredon new models.
Aim to improve CX through digital and IT use in line with the start of full rollout of new models.

In Latin America, demand for automobiles in Brazil is expected to decreaseslightly from FY2023. However, demand for automobiles in Chile, Peru etc., is
expected to exceed FY2023 due to the end of inflation and the reduction ofpolicy interest rates. Under these environments, we will strengthen sales private
customers by launching the new “L200/Triton” and “Outlander Sport”. In addition,
the “Outlander”, which has been well received since its launch in various
countries, we will also roll out the “Outlander” PHEV in line with customer needs.
We aim to increase sales volume which accompanies the improvement in salesquality.
In the Middle East, the Israel-Gaza conflict is not expected to end which is agreat concern, but aggregate demand in neighboring countries is said to begenerally close to the level of last year. In addition to the “Outlander” and“Xpander,” which were enjoying strong sales in FY2023, the new “L200/Triton”
will finally be added to our lineup in the 1Q/FY2024. We will work to maximize
the effect of the new “L200/Triton” through rolling out promotion events in eachcountry. In addition, in some countries we will launch “Xforce” and strengthen our
SUV product lineup to improve brand value and boost sales capabilities.
<Continued on next page>13

In Africa, despite projected instability, such as high inflation, currency
instability and the general election in South Africa, the economy isexpected to gradually recover from the second half of the fiscal year,
and automobile demand is expected to be roughly on par with theprevious year. We will work to boost our sales capabilities by launching
new models such as the “Outlander Sport (Xforce)” and the new“L200/Triton”. In addition, “Xpander”, which has developed the segment
market after its launch, has grown into our major model in South Africa
and Egypt where the markets are large. Going forward, we will work tofurther expand sales, which will lead to an increase in our brand value.

13

FY2024 Outlook
Japan North America

EuropeSales Volume
FY2023

FY2024 (Forecast)Japan

111k units

112k units

North
America

163k units

185k units

Europe57k units

68k units◼ Market competition is intensifying as the semiconductor supply shortage is resolved amid therisk of an economic downturn.
◼ Start sales of the Outlander PHEV in Europe, where xEV demand is expected to grow.
◼ Improve sales efficiency by strengthening digital marketing.
While promoting the improvement of sales quality and customer profile, implement a flexible
sales strategy by closely monitoring the trends of each competitor.

The domestic market is expected to remain firm due to the normalization of
inventory levels of dealer companies. We have maintained strong orders andsales for the “Delica Mini” and “Triton” the models that symbolize “MITSUBISHI
MOTORS–ness”, since the models launch. Leveraging these two models, we will
together with the “Outlander” PHEV, “Eclipse Cross” and the ever-popular “Delica
D:5” further expand sales and improve brand value.
In North America, automotive demand is expected to exceed FY2023 due to arecovery in inventories and demand growth in the fleet market, despite thepossibility of persistently high interest rates and the risk of an economic
slowdown. At the same time, the competitive environment is graduallyintensifying, and we will work to expand sales activities with an emphasis on
improving brand power, quality of sales, and customer satisfaction, while
appropriately controlling incentives. Looking ahead, we plan to maintain stablesales and earnings by strengthening our product lineup through the utilizing thealliance.

It is said that automobile demand in Europe will generally remain at the FY2023
level. In addition, the two largest European markets-Germany and France-are
experiencing the termination of subsidies for BEV, which has led to fears ofstagnant BEV demand, while at the same time increasing demand expectations
for xEVs. With the launch of the “Outlander” PHEV in Europe, we would like tomeet the customer needs.

14

Deployments of ASEAN Strategic Vehicles in Global Markets

TRITON
March 2024- : Australia/NZ

1Q/FY2024: Latin America, Middle East/Africa
Indonesia, Vietnam, Malaysia

XFORCE
March 2024- : Vietnam
1Q/FY2024 : Latin America, Middle East/Africa
Philippines

As explained earlier, the new “Triton” and “Xforce”, which were introduced in
FY2023, will begin full-scale deployment in various countries according to theschedule shown on the slide.
At this moment, total demand in ASEAN is extremely weak, and this situation is
expected to continue for some time. Having said that the importance of ASEAN,
which is expected to grow in the future, remains unchanged.
Going forward we plan to introduce more new products, including electrified
vehicles and as our current policy, we aim to further strengthen our foundationand improve profitability in the ASEAN region. We will also aim for further
growth in the Middle East, Latin America, and Oceania, where we can utilize
ASEAN strategic products.
Also, We plan to strengthen the entire value chain by collaborating with various
partners.

15

Challenges for Collaboration and New Business
GLOBAL
EuropeRenault

NissanNext-generation 1-ton pickup
Common battery strategy

The New ASX
Start of sales
from June

North America
Nissan1-ton pickup produced in Mexico
PHEV
Utilize EV assets

ThailandPhilippines

MMTh/PTT/Arun Plus

Security Bank

Start discussing collaboration inxEV business, including local
manufacturing operations,domestic sales, export, andrelated services

Established Mitsubishi Motors
Finance Philippines Inc.

ASEAN, Oceania
Nissan1-ton pickup
Future models

As stated in our mid-term plan “ Challenge 2025”, we will gradually accelerate ourinitiatives to take on challenges to strengthen regional businesses, new businessareas and new business forms, and achieve profitability through various
partnerships.

In Europe, we will make major enhancements to the compact SUV “ASX” which is
OEM-supplied by Renault including a completely redesigned front-panel design,
enhanced connected functions, and enhanced safety features. The new model
will go on sale in some countries in European markets in June.
With Nissan Motor Co., Ltd. we will promote next-generation 1t pickup andbattery-sharing strategies globally. In North America, we will provide PHEV andutilize Nissan‘s EV assets. With alliance members Nissan and Renault, we will
work to collaborate on future models in ASEAN and Oceania as well.
In the ASEAN region, our core region, we agreed to conclude a joint ventureagreement with Security Bank Corporation, a financial institution in thePhilippines, to establish Mitsubishi Motors Finance Philippines, Inc., that offers
financing services to Mitsubishi Motors’ customers in the country.
And on May 7th, we announced that we along with Mitsubishi Motors (Thailand)Company Limited (MMTh), agreed with PTT Public Company Limited (PTT) andArun Plus Company Limited (Arun +), a controlling company of PTT's electricvehicle business, to begin talks on a partnership. The four companies will start
discussing collaboration in xEV business, including local manufacturing
operations in Thailand, domestic sales and export, and related services, with theaim of contributing to achieving carbon neutrality in Thailand.

16

17

APPENDIX18

FY2023 Balance Sheet and Free Cash Flow (vs. FY2022)(Billion yen)

Total Assets

FY2022(As end of MAR 2023)

FY2023(As end of MAR 2024)

Variance

2,201.5

2,454.5+253.0Cash & Deposits

596.0

674.2

+78.2

Total Liabilities

1,371.1

1,410.0

+38.9

428.3

492.4

+64.1

830.4

1,044.5+214.1801.1

1,010.2+209.1

407.1

453.5

+46.4

Interest-bearing Debt

Total Net Assets
Shareholders’ Equity(Equity Ratio)(36.4%)Net Cash

Automobiles & Eliminations(Billion yen)Free Cash Flow

Automobiles & Eliminations

FY2022(APR 2022 - MAR 2023)

138.0(41.2%)FY2023(APR 2023 - MAR 2024)

31.0

Variance-107.019

FY2023 Capital Expenditure, R&D Expense and Depreciation
CAPEX

R&D Expense¥93.6bn¥114.6bn+19% (YoY)(

Depreciation¥67.7bn+7% (YoY)+13% (YoY)
6%

Billion
)
yen

5%
4%
3%
2%
1%

FY2022
1

APR 2022MAR 2023)

FY2023
2

APR 2023MAR 2024)

3

FY2022
4

APR 2022MAR 2023)

FY2023
5

APR 2023MAR 2024)

6

FY2022
7

APR 2022MAR 2023)

FY2023
8

0%

APR 2023MAR 2024)

20

FY2023 Regional Performance (vs. FY2022)
Net Sales(Billion yen)

FY2022

FY2023(APR 2022–MAR 2023)(APR 2023–MAR 2024)

GLOBAL

2,458.1

2,789.6‐ ASEAN584.6‐ Australia/NZ

Operating Profit
FY2022

FY2023(APR 2022–MAR 2023)(APR 2023–MAR 2024)+331.5

190.5

191.0

+0.5

531.0

-53.6

46.6

20.3

-26.3

281.9

319.0

+37.1

37.2

24.0

-13.2

‐ Latin America,
Middle East
/Africa, etc.

334.3

394.0

+59.7

21.7

38.2

+16.5

‐ Japan

552.7

609.1

+56.4

-6.1

-13.1

-7.0

‐ NorthAmerica

538.0

711.1

+173.1

81.9

111.9

+30.0

‐ Europe

154.2

219.4

+65.2

6.8

8.4

+1.6

‐ China,others

12.4

6.0

-6.4

2.4

1.3

-1.1

Variance

Variance21

FY2024 Regional Sales Forecast (vs. FY2023)(Billion yen)

GLOBALFY2023(APR 2023 - MAR 2024)

FY2024 Forecast(APR 2024 - MAR 2025)

Variance

2,789.6

2,880.0+90.4‐ ASEAN

531.0

600.0

+69.0

‐ Australia/NZ

319.0

330.0

+11.0

‐ Latin America,
Middle East
/Africa, etc.

401.6

407.0

+5.4

‐ Japan

609.1

615.0

+5.9

‐ North America

711.1

750.0

+38.9

‐ Europe

211.8

175.0

-36.8

6.0

3.0

-3.0

‐ China, others

From FY2024, the regional classification of some countries in Europe was changed to “Middle East/Africa, etc.”. FY2023 actual numbers above were changed accordingly.

22

FY2024 Capital Expenditure, R&D Expense and Depreciation Forecast

(

CAPEX

R&D Expense

Depreciation¥100.0bn¥125.0bn¥73.0bn+7% (YoY)+9% (YoY)+8% (YoY)
6%

Billion
)
yen

5%

4%
3%
2%
1%

FY2023
1

APR 2023MAR 2024)

FY20242

APR 2024MAR 2025)

3

FY2023
4

APR 2023MAR 2024)

FY2024
5

APR 2024MAR 2025)

6

FY2023
7

APR 2023MAR 2024)

FY20248

0%

APR 2024MAR 2025)

23

FY2024 Shareholder Returns Forecast
Dividend per Share: 15 Yen Forecast

14
12
10
8

Year-end(Outlook)

6
4Interim20(Outlook24

This presentation contains forward-looking statements, based on judgments and estimates thathave been made on the basis of currently available information. By nature, such statements are
subject to uncertainty and risk. Therefore, you are advised that the final results might besignificantly different from the aforementioned statements due to changes in economic
environments related to our business, market trends, fluctuations in interest rates and exchange
rate, changes in laws, regulations and government policies, etc.
Potential risks and uncertainties are not limited to the above and Mitsubishi Motors is not under
any obligation to update the information in this presentation to reflect any developments or eventsin the future.
If you are interested in investing in Mitsubishi Motors, you are requested to make a final
investment decision at your own risk, taking the foregoing into consideration. Please note thatneither Mitsubishi Motors nor any third party providing information shall be responsible for any
damage you may suffer due to investment in Mitsubishi Motors based on the information shown inthis presentation.

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