Mmc Corporation Summary

MITSUBISHI MOTORS CORPORATION

ANNUAL REPORT 2004

YEAR ENDED MARCH 31, 2004

FORWARD-LOOKING STATEMENTS

This annual report contains forward-looking statements about Mitsubishi Motors Corporation’s plans, strategies, beliefs and performance that are not historical facts. These

forward-looking statements are based on current expectations, estimates, forecasts and projections about the industries in which Mitsubishi Motors Corporation (MMC) operates,

management’s beliefs and assumptions made by management.

As the expectations, estimates, forecasts and projections are subject to a number of risks, uncertainties and assumptions, they may cause actual results to differ materially

from those projected. Mitsubishi Motors Corporation, therefore, wishes to caution readers not to place undue reliance on forward-looking statements. Furthermore,

Mitsubishi Motors Corporation undertakes no obligation to update any forward-looking statements as a result of new information, future events or other developments.

C O N T E N T S

C O N S O L I D A T E D F I N A N C I A L S U M M A R Y 1

T O O U R S T O C K H O L D E R S A N D S T A K E H O L D E R S 2

M E S S A G E F R O M T H E P R E S I D E N T A N D C O O 6

M E S S A G E F R O M T H E C O R P O R A T E G E N E R A L M A N A G E R O F C S R P R O M O T I O N O F F I C E 8

M E S S A G E F R O M T H E B U S I N E S S E T H I C S C O M M I T T E E C H A I R M A N 10

M E S S A G E F R O M T H E H E A D O F T H E R E V I T A L I Z A T I O N C O M M I T T E E 12

D O M E S T I C O P E R A T I O N S 14

O V E R S E A S O P E R A T I O N S 16

P R O D U C T D E V E L O P M E N T S T R A T E G Y 19

M E S S A G E F R O M T H E C H I E F F I N A N C I A L O F F I C E R 22

F I N A N C I A L R E V I E W 24

F I N A N C I A L S E C T I O N 28

R E P O R T O F I N D E P E N D E N T A U D I T O R S 62

E N V I R O N M E N T A L A C T I V I T I E S 64

C O N S O L I D A T E D S U B S I D I A R I E S A N D A F F I L I A T E S 66

O R G A N I Z A T I O N A L S T R U C T U R E 68

B O A R D O F D I R E C T O R S A N D E X E C U T I V E O F F I C E R S 69

S T O C K H O L D E R I N F O R M A T I O N 70

C O R P O R A T E I N F O R M A T I O N 71

1

C O N S O L I DAT E D F I N A N C I A L S U M M A RY

M I T S U B I S H I M O T O R S C O R P O R A T I O N A N D C O N S O L I D A T E D S U B S I D I A R I E S

NET SALES

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OPERATING PROFIT

(LOSS)

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