Mitsubishi Motors posted a net loss of 4.4 billion yen, or roughly 28 million dollars, for the nine months to December, as US import tariffs hurt its earnings.
The Japanese automaker reported on Thursday that consolidated sales fell 0.6 percent from a year earlier to 1.97 trillion yen or about 12 billion dollars.
Operating profit plunged 69.8 percent to 31.6 billion yen, or roughly 200 million dollars.
The company said the Trump administration's tariff measures pushed down operating profit by 37.3 billion yen, or nearly 238 million dollars.
It also attributed the poor performance to exchange rate fluctuations.
But the automaker revised up its sales forecast for the 12 months ending in March to 2.9 trillion yen, or about 18 billion dollars.
Meanwhile, Suzuki Motor reported its first drop in operating profit for the April to December period in five years.
Nine-month operating income fell 10.6 percent to 429.1 billion yen or roughly 2.7 billion dollars.
Raw material costs have risen in India, where Suzuki has extensive production facilities.
Revenue rose 5.4 percent to 4.51 trillion yen, or nearly 29 billion dollars.
The automaker attributed the increase to a reduction in the tax on goods and services in India, the company's biggest market.

Quiz 1:
What was Mitsubishi Motors' net loss for the nine months to December?
A. 280 million yen
B. 4.4 billion yen
C. 31.6 billion yen
D. 2.9 trillion yen

Quiz 2:
What was the primary reason Mitsubishi Motors attributed its poor performance to, besides exchange rate fluctuations?
A. Rising raw material costs in India
B. A reduction in the tax on goods and services
C. US import tariffs imposed by the Trump administration
D. A drop in operating profit for the April to December period

Quiz 3:
Which company reported its first drop in operating profit in five years?
A. Suzuki Motor
B. Mitsubishi Motors
C. The Trump administration
D. Japanese automakers



[Answer block]
Answers:
Quiz 1: B
Quiz 2: C
Quiz 3: A