The Mazda Motor Corporation today announced its financial and sales results for the first half of the fiscal year, reporting global sales of 514,000 units during the period 1 April to 30 September 2022.
For the first half of the fiscal year all reported financial metrics were positive. Mazda reported net sales of ¥1,642.5 billion (€11.8 billion*), up 10% from the prior year, and an operating profit of ¥55.2 billion (€397.1 million*), up 39% year-on-year. Net income was ¥85.9 billion (€617.9 million*).
In Europe, Mazda sold 67,000 units in the first half of the fiscal year, resulting in a one per cent market share. Germany, Mazda’s biggest market in Europe, contributed 14,000 units to this result (-40%), and sales in the UK were 12,000 units (-28%). However, with production increasing, the region is on target to deliver a year-on-year increase of 7%, to 175,000 units in this fiscal year, building on the successful launch of the all-new Mazda CX-60 PHEV that has exceeded the planned order volume across Europe.
As a result of cuts in production caused by the Shanghai lockdown, China’s first-half sales were 49,000 units and North America reported 181,000 units sold. In Mazda’s domestic market of Japan, first-half sales totaled 68,000 units, up 14% year-on-year. Strong sales for the updated Mazda CX-5 continued, leading the sales recovery together with the Mazda CX-60, which was introduced in September.
While Mazda has lowered its global sales forecast due to the impacts of production costs and a shortage of carrier vessels to 1,216,000, due to a favourable profit impact of improved variable profit and fixed costs, Mazda’s financial forecast was revised upwards. Mazda forecasts an operating profit of ¥140 billion (€1 billion*) up 34% year-on-year, and net income of ¥130 billion (€935.2 million*) up 59% year-on-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.
*Source: presentation20221110_e.pdf (mazda.com); euro figures for the first half and for the full fiscal year were calculated at €1 = ¥139
