Mitsubishi Motors' loss larger than reported

TOKYO December 25, 2004; Japan Today reported that Mitsubishi Motors Corp will widen its consolidated net loss figure for the first half of fiscal 2004 by 30 billion yen due to an overvaluation of its assets, sources close to the matter said Friday.

Mitsubishi Motors, which said in November that its April-September net loss totaled 146.1 billion yen, plans to revise its interim earnings report after its auditing firm said the company overvalued assets it had viewed as collectible from its U.S. operation, the sources said. (Kyodo News)