Mitsubishi Motors Corp said that its operating profit more than doubled during the third quarter as higher sales in Asia and a weaker yen helped the automaker recover from last year's mileage cheating scandal. Japan's No. 7 automaker raised its full-year forecast for operating profit to jump nearly 19-fold to JPY 95 billion as it sees a more positive impact from currency movements than initially expected.

It also raised its full-year dividend forecast to JPY 17 per share from its previous forecast for JPY 14, and projects a net profit of JPY 100 billion, reversing a JPY 198.5 billion loss last year.

Mitsubishi reported an operating profit of JPY 20.4 billion in October-December, surging from JPY 8.4 billion last year when it grappled with the financial fallout of an admission that it had overstated the mileage of some models.