- Stable sales recovery in most global regions despite COVID-19 pandemic and semiconductor shortage
- Mazda on track for full fiscal year forecast
- Continued investment in future technologies, products and production facilities
The Mazda Motor Corporation today announced its first quarter financial and sales results, reporting global sales of 353,000 vehicles during the period 1 April to 30 June 2021.
In most regions, Mazda continues to show strong growth compared to the first quarter of the last fiscal year, which was heavily impacted by the COVID-19 pandemic. In Europe*, first quarter sales were up 97% year-on-year to 55,000 units, increasing the market share in Europe by 0.2% year-on-year to 1.2%. There were strong performances from Mazda Europe’s two biggest markets, with Germany selling 12,000 units, up 71% on the same period last year and the United Kingdom (UK) selling 8,000 units, a 423% increase year-on-year due to the full lockdown of the UK in 2020.
As a result of the production adjustments caused by the semiconductor shortage, Mazda focused on global control of inventory and lean and efficient operations. The global vehicle supply was prioritized to the United States (US) and Australia, two regions that had strong post-COVID recovery. In the US, first quarter sales were up 73% year-on-year to 106,000 units and Australia reported an increase of 81% to 33,000 units. In Japan, Mazda’s domestic market, sales were up 7% to 28,000 vehicles. In China demand decreased during the April-to-June period, with sales of 47,000 units, down 23% on a year-on-year basis.
For the first quarter of the fiscal year, Mazda reported net sales of ¥803.4 billion (€6.0 billion**) and an operating profit of ¥26.1 billion (€197.7 million**). Net income was ¥11.4 billion (€86.3 million**). The operating profit improved to ¥71.4 billion (€540.9 million**) year-over-year.
Also, in comparison with the first quarter results of the financial year ending March 2020, operating profit improved to ¥19.1 billion (€144.6 million**) despite the fact that wholesales volumes were down 50,000 units and net sales were lower with the limited production due to the semiconductor supply.
The full year forecast to March 2022 will remain unchanged at the forecasted global sales volume of 1,410,000 units, up 9% on a year-on-year basis for the full fiscal year. Mazda in Europe* is forecasted to contribute with sales of 225,000 vehicles, up 26%. Mazda forecasts net sales of ¥3,400.0 billion (€26.3 billion**), an operating profit of ¥65.0 billion (€503.8 million**) and net income of ¥35 billion (€271.3 million**) for this fiscal year.
Mazda will continue to monitor the business environment, the trends of automobile demand in each market where our vehicles are shipped and future development of issues impacting the business, including the semiconductor supply shortage, increases in material prices and the ongoing COVID-19 pandemic.
Mazda remains committed to invest in future technologies, following the recently announced accelerated 2030 electrification strategy and the introduction of the new large platform product range in 2022. This includes investments to the Hofu No. 2 production plant to prepare for the new products including different degrees of electrification. A new plant in the United States is scheduled to start operation in 2021.
* including Russia
** Source: Mazda Motor Corporation’s Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2022; euro figures for the first quarter were calculated at €1 = ¥132 and for the full fiscal year at €1 = ¥129