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Mazda closes fiscal year with positive profit

Mazda closes fiscal year with positive profit

The Mazda Motor Corporation today announced its full-year financial and sales results, reporting global sales of 1,287,000 vehicles during the twelve-month period that ended 31 March 2021.

Mazda’s two largest markets North America and China both increased their sales volumes compared to the previous fiscal year, selling 403,000 units (+2%) and 228,000 units (+8%) respectively. In Mazda’s home market Japan, 176,000 units were sold (-13%).

Mazda’s sales performance in Europe* continued to be impacted by COVID-19 and prolonged lockdowns in many markets. The region recorded sales of 178,000 units (-32%).

Reflecting increased efforts on sales recovery, costs reduction and variable profit improvement during the second half of the fiscal year, Mazda’s sales performance brought in net sales of ¥2,882.1 billion (€23.2 billion**), resulting in a positive full-year operating profit of ¥8.8 billion (€71.0 million**) but net loss of ¥31.7 billion (€255.6 million**).

Whilst the business environment remains uncertain due to issues such as the semiconductor shortage and rising raw material prices, Mazda aims to recover sales during the fiscal year ending in March 2022, forecasting global sales of 1,410,000 units. North America and China are expected to continue to lead sales. Also in Europe, sales are projected to grow over a quarter year on year, strengthening its role as Mazda’s third-largest region.

Closely monitoring the business environment on an ongoing basis, for the full fiscal year Mazda forecasts net sales of ¥3,400.00 billion (€26.4 billion**), operating profit of ¥65.0 billion (€503.9 million**), and net income of ¥35.0 billion (€271.3 million**).

*Article Source http://www.mazda-press.co.uk

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