Mazda Motor Corporation today announced its full-year financial and sales results, reporting global sales of 1,110,000 vehicles during the twelve-month period that ended 31 March 2023.
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Reflecting the increased focus on sales recovery, costs reduction and variable profit improvement, Mazda’s sales performance brought in net sales of ¥3,826.8 billion (€27.1 billion*), up 23% year-on- year, resulting in a positive full-year operating profit of ¥142 billion (€1 billion*) and net income of ¥142.8 billion (€1.012 billion*), up 36% and 75% respectively.
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North America remains Mazda’s largest region, selling 407,000 units in the fiscal year (-7% year on year), led by the local launch of the Mazda CX-50, the Mazda CX-30 and other models. In Mazda’s home market, Japan, 165,000 units were sold in the full fiscal year (+11% year-on-year). China, Mazda’s biggest market in Asia, closed the fiscal year with sales of 84,000 units.
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In Europe, even though sales were down 16% for the full fiscal year at 160,000 units, Mazda closed the year with a strong fourth quarter, achieving a 21% year-on-year growth, which was mainly driven by Mazda’s electrified models such as the Mazda2 Hybrid and the Mazda CX-60 PHEV.
For the fiscal year ending in March 2024, Mazda’s outlook is positive for all regions, including Europe, where Mazda forecasts sales of 189,000 units (+18% year-on-year). Global sales are projected to reach 1,300,000 units. Closely monitoring the business environment on an ongoing basis, Mazda forecasts net sales of ¥4,500.00 billion (€32.3 billion*), operating profit of ¥180.0 billion (€1.2 billion*), and net income of ¥130.0 billion (€935.2 million*) for the fiscal year ending on March 31, 2024.
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For the upcoming months, Mazda will continue to drive initiatives for future electrification technology development, battery procurement, and CO2 reduction, utilizing multi-electrification technology, expanding the introduction of PHEVs and mild hybrid applications to Large Products, as indicated in the management policy up to 2030.
– Ends –
*Source: https://newsroom.mazda.com/en/publicity/release/2023/202305/230512a.html
; Euro figures for the fiscal year ended in March 2023 were calculated at €1 = ¥141; full-year forecast ending in March 2024 at €1 = ¥139