Mazda earns profit in fiscal year, sees boosted sales in America and China

by SpeedLux
Images of 2017 Mazda MX-5 Miata RF

Mazda Motor has announced its full-year financial and sales results, reporting worldwide sales of 1,287,000 vehicles during the twelve-month period that finished on 31 March 2021.

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

Mazda’s sales performance in Europe (including Russia) is still impacted by the coronavirus crisis and continued lockdowns in many markets. The region recorded sales of 178,000 units, indicating a 32% decline.

Reflecting boosted efforts on sales recovery, costs decrease and variable profit improvement during the second half of the fiscal year, the automaker’s sales performance brought in net sales of ¥2,882.1 billion ($28.18 billion), resulting in a positive full-year operating profit of ¥8.8 billion ($86.24 million) but a net loss of ¥31.7 billion ($38.50 million).

Whilst the business environment is not certain because of issues such as the chip shortage and increasing raw material prices, Mazda aims to recover sales during the fiscal year ending in March 2022, forecasting worldwide sales of 1,410,000 units. North America and China are expected to continue to remain the major markets. Also in Europe, sales are projected to increase over a quarter year on year, strengthening its role as the automaker’s third-largest region.

Closely monitoring the business environment on a continued basis, for the full fiscal year Mazda forecasts net sales of ¥3,400.00 billion ($32.07 billion), operating profit of ¥65.0 billion ($612.03 million), and net income of ¥35.0 billion ($329.52 million).

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