Mitsubishi Motors restates earnings due to special loss from mileage scandal

Wed May 25, 2016 2:27am EDT
 
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TOKYO (Reuters) - Mitsubishi Motors Corp (7211.T: Quote) on Wednesday restated its financial results for the past business year to reflect a special loss of 19.1 billion yen ($173.73 million) related to its manipulation of fuel economy data.

Japan's sixth-largest automaker said net profit fell 39 percent to 72.6 billion yen in the year that ended in March. It had previously reported a net profit of 89 billion yen at the end of April.

The company did not provide forecasts for the current year.

(Reporting by Chang-Ran Kim; Editing by Stephen Coates)

 
A man walks in front of an entrance of Mitsubishi Motors Corp's headquarters in Tokyo, Japan, May 13, 2016. REUTERS/Issei Kato