Mazda's FY March 2014 Third Quarter Financial Results
April 21, 2014     Japanese 
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Mazda's FY March 2014 Third Quarter Financial Results - JCN Newswire
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Mazda's FY March 2014 Third Quarter Financial Results

Tokyo, Feb 5, 2014 - (JCN Newswire) - For the first nine months of the Fiscal Year ending March 31, 2014 (April 1, 2013 through December 31, 2013), global retail volume of the Mazda Group increased by 6.7 percent year-over-year to 953 thousand units; mainly due to the combination of the strong sales of "Mazda CX-5" and "Mazda Atenza (called Mazda6 in overseas markets)", both equipped with new generation technology, "SKYACTIV TECHNOLOGY (hereinafter referred to as "SKYACTIV"), and the further acceleration of sales momentum of SKYACTIV-equipped models through the introduction of all-new "Axela (called Mazda3 in overseas markets)", our highest volume selling model.

Retail volume by market was as follows. In Japan, retail volume increased by 8.0 percent year-over year to 162 thousand units, mainly due to the strong sales of "CX-5" and "Atenza" as well as the introduction of all-new "Axela". In North America, retail volume increased by 7.0 percent year-over-year to 289 thousand units due to the sales increase in U.S, where "CX-5" and "Mazda6" were good in demand, and in Mexico, where we achieved record sales for the first nine months. In Europe, although total demand stayed at the same level as in the previous fiscal year, retail volume increased by 21.0 percent year-over-year to 144 thousand units due to the strong sales in major countries like Germany, Russia, and U.K. In China, retail volume increased by 9.3 percent to 141 thousand units due to the strong sales of locally-produced "CX-5". In other areas, despite the high level of sales maintained in Australia, retail volume decreased by 3.6% year-over-year to 217 thousand units, mainly due to decrease in sales in Thailand, where total demand stayed stagnant.

As a result of increase in sales volume of the "SKYACTIV" models in global markets and ongoing cost improvements, as well as the correction of yen appreciation against major currencies, the consolidated financial results for the first nine months of the Fiscal Year ending March 31, 2014 were as follows. Net sales
increased by JPY405.1 billion (up 26.4 percent) year-over-year to JPY1,940.2 billion. Operating results increased by JPY105.0 billion (up 534.4 percent) year-over-year to a profit of JPY124.6 billion. Ordinary results increased by JPY71.7 billion (up 335.3 percent) year-over-year to a profit of JPY93.1 billion. Net results increased by JPY51.8 billion (up 202.8 percent) year-over-year to a profit of JPY77.4 billion.

Financial results by reportable segment for the first nine months of the Fiscal Year ending March 31, 2014 were as follows. In Japan, net sales increased by JPY308.1 billion (up 23.0 percent) year-over-year to JPY1,646.7 billion and segment income (operating income) increased by JPY77.0 billion (up 151.0percent) to JPY128.0 billion. In North America, net sales increased by JPY166.9 billion (up 37.9 percent) year-over-year to JPY607.3 billion and segment loss (operating loss) amounted to JPY2.8 billion. (For the first nine months of the previous fiscal year, segment loss was JPY38.3 billion.) In Europe, net sales increased by JPY154.9 billion (up 67.2 percent) year-over-year to JPY385.6 billion and segment income (operating income) increased by JPY4.2 billion (up 191.7 percent) to JPY6.3 billion. In other areas, net sales increased by JPY5.1 billion (up 1.7 percent) year-over-year to JPY310.1 billion and segment income (operating income) decreased by JPY13.9 billion (down 98.3 percent) year-over-year to JPY0.2 billion.

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com.

Contact:

Mazda
Ms. Mayumi Handa
handa.ma@tky.mazda.co.jp
+81-82-282-1111

 


Feb 5, 2014
Source: Mazda

Mazda (TSE: 7261) (U.S: MZDAF)

From the Japan Corporate News Network
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Topic: Earnings
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