Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-1345
¥100 million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥49,182 100 million-2.0%
Operating profit¥516 100 million-72.0%
Ordinary income¥1,318 100 million-30.0%
Net income¥351 100 million-69.0%
Operating profit margin1 %
Full-year earnings forecast
Reporting periodFull year ending March 2027
Net Sales
¥55,000 100 million
Operating profit
¥1,500 100 million
Ordinary income
¥1,400 100 million
Net income
¥900 100 million
Consolidated shipments
1,233 thousand units
Global vehicle sales
1,324 thousand units
Annual Dividend
55 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Fiscal year ended March 2026 operating profit year on year
Volume and mix-318
Foreign Exchange106
Raw material, logistics and other costs-377
Cost improvement369
Fixed costs and other factors424
Fiscal year ending March 2027 operating profit year on year
Volume and mix698
Foreign Exchange798
Raw material, logistics and other costs-817
Cost improvement776
Growth Investment-305
Fixed costs and other factors-166
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollars¥155per unit of each currency
Euro¥180per unit of each currency
Canadian dollar¥114per unit of each currency
Australian dollar¥112per unit of each currency
British pound¥208per unit of each currency
Thai baht¥4.8per unit of each currency
Mexican peso¥8.89per unit of each currency
Fiscal year ending March 2027 consolidated shipments1,233 thousand units
Fiscal year ending March 2027 global vehicle sales1,324 thousand units
New initiatives
- Global rollout of the new MAZDA CX-5
- Expand the launch of electric vehicles jointly developed with Changan Automobile
- Optimize investment in, and the launch timing of, the in-house BEV program
- Expand the hybrid lineup from 1 to 4 models
- Invest in battery assembly plants, next-generation batteries and internal combustion engines for the era of electrification
- Roll out next-generation dealerships in priority markets
- Introduce Mazda Brand Standards
- Improve operational efficiency through the use of AI
Key KPIsA metric the company considers important as a management benchmark.
- Global vehicle sales1,223 thousand units-6.0%
- Production volume1,165 thousand units-4.0%
- Consolidated shipments1,147 thousand units-6.0%
- Japan market share3.2 %yoy_change_points-0.1
- Europe market share1 %yoy_change_points-0.1
- Cumulative orders for the new CX-5 in Europe1.5 Over 10,000 vehicles
- Vehicle sales in Vietnam3.4 10,000 units
Segment results
Japan
Unit sales144 thousand units
Year on year against the same period last year-5.0%
Share
3.2 %
yoy_change_points-0.1
North America
Unit sales582 thousand units
Year on year against the same period last year-6.0%
United States vehicle sales395 thousand units
United States yoy_pct-9 thousand units
Mexico vehicle sales105 thousand units
Mexico yoy_pct0 thousand units
Canada vehicle sales80 thousand units
Canada yoy_pct7 thousand units
Europe
Unit sales164 thousand units
Year on year against the same period last year-6.0%
Share
1 %
yoy_change_points-0.1
China
Unit sales71 thousand units
Year on year against the same period last year-4.0%
Other markets
Unit sales262 thousand units
Year on year against the same period last year-8.0%
Australia vehicle sales89 thousand units
Australia yoy_pct-9 thousand units
ASEAN vehicle sales59 thousand units
ASEANyoy_pct-6 thousand units
Medium-term management plan targets
2030 BEV sales200,000–250,000 vehicles
2030 global sales coverageApproximately 15%
Phase 2 structural cost reductions¥1,000 100 million
Phase 2 fixed-cost reductions¥1,000 100 million
Operating margin improvementEquivalent to 4 percentage points
Market Size / Share
Japan market share3.2 %
Europe market share1 %
Orders received and order backlog
Cumulative orders for the new CX-5 in EuropeOver 15,000 vehicles (orders received by dealerships)
Number of stores and locations
Stores opened and facilities completed during the period20 Location
Annual Dividend
Fiscal year ending March 2026
Annual55 yen
Outlook for the fiscal year ending March 2027
Annual55 yen
Interim and Year-End Breakdown
Interim25 yen
End of period30 yen
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥49,182 100 million (YoY -2.0%) |
| Operating profit | ¥516 100 million (YoY -72.0%) |
| Ordinary income | ¥1,318 100 million (YoY -30.0%) |
| Net income | ¥351 100 million (YoY -69.0%) |
| Operating profit margin | 1 % |
| Full-year earnings forecast | Reporting period Full year ending March 2027 / Net Sales ¥55,000 100 million / Operating profit ¥1,500 100 million / Ordinary income ¥1,400 100 million / Net income ¥900 100 million / Consolidated shipments 1,233 thousand units / Global vehicle sales 1,324 thousand units / Annual Dividend 55 yen |
| Segment results | Japan Unit sales 144 thousand units / yoy_pct -5 thousand units / Share 3.2 % / North America Unit sales 582 thousand units / yoy_pct -6 thousand units / United States vehicle sales 395 thousand units / United States yoy_pct -9 thousand units / Mexico vehicle sales 105 thousand units / Mexico yoy_pct 0 thousand units / Canada vehicle sales 80 thousand units / Canada yoy_pct 7 thousand units / Europe Unit sales 164 thousand units / yoy_pct -6 thousand units / Share 1 % / China Unit sales 71 thousand units / yoy_pct -4 thousand units / Other markets Unit sales 262 thousand units / yoy_pct -8 thousand units / Australia vehicle sales 89 thousand units / Australia yoy_pct -9 thousand units / ASEAN vehicle sales 59 thousand units / ASEANyoy_pct -6 thousand units |
| Breakdown of Factors Affecting the Change | Fiscal year ended March 2026 operating profit year on year Volume and mix -318 / Foreign Exchange 106 / Raw material, logistics and other costs -377 / Cost improvement 369 / Fixed costs and other factors 424 / Fiscal year ending March 2027 operating profit year on year Volume and mix 698 / Foreign Exchange 798 / Raw material, logistics and other costs -817 / Cost improvement 776 / Growth Investment -305 / Fixed costs and other factors -166 |
| Key KPIs | Global vehicle sales 1,223 thousand units (YoY -6.0%), Production volume 1,165 thousand units (YoY -4.0%), Consolidated shipments 1,147 thousand units (YoY -6.0%), Japan market share 3.2 %, Europe market share 1 %, Cumulative orders for the new CX-5 in Europe 1.5 Over 10,000 vehicles, Vehicle sales in Vietnam 3.4 10,000 units |
| Number of stores and locations | Number at period end Not disclosed / Stores opened and facilities completed during the period 20 Location / Number of store closures Not disclosed |
| Assumptions Underlying the Business Outlook | Exchange rate US dollars ¥155 (per unit of each currency) / Euro ¥180 (per unit of each currency) / Canadian dollar ¥114 (per unit of each currency) / Australian dollar ¥112 (per unit of each currency) / British pound ¥208 (per unit of each currency) / Thai baht ¥4.8 (per unit of each currency) / Mexican peso ¥8.89 (per unit of each currency) / Fiscal year ending March 2027 consolidated shipments 1,233 thousand units / Fiscal year ending March 2027 global vehicle sales 1,324 thousand units |
| Medium-term management plan targets | 2030 BEV sales 200,000–250,000 vehicles / 2030 global sales coverage Approximately 15% / Phase 2 structural cost reductions ¥1,000 100 million / Phase 2 fixed-cost reductions ¥1,000 100 million / Operating margin improvement Equivalent to 4 percentage points |
| Annual Dividend | Fiscal year ending March 2026 Annual 55 yen / Outlook for the fiscal year ending March 2027 Annual 55 yen / Interim and Year-End Breakdown Interim 25 yen / End of period 30 yen |
| Orders received and order backlog | Cumulative orders for the new CX-5 in Europe Over 15,000 vehicles (orders received by dealerships) |
| Market Size / Share | Japan market share 3.2 % / Europe market share 1 % |
| New initiatives | Global rollout of the new MAZDA CX-5, Expand the launch of electric vehicles jointly developed with Changan Automobile, Optimize investment in, and the launch timing of, the in-house BEV program, Expand the hybrid lineup from 1 to 4 models, Invest in battery assembly plants, next-generation batteries and internal combustion engines for the era of electrification, Roll out next-generation dealerships in priority markets, Introduce Mazda Brand Standards, Improve operational efficiency through the use of AI |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The factors behind the decline in operating profit for the fiscal year ended March 2026 included a ¥31.8 billion decrease from volume and mix and a ¥37.7 billion decrease from raw material, logistics and other costs. These were partly offset by a ¥36.9 billion increase from cost improvements, a ¥42.4 billion increase from fixed costs and other items, and a ¥10.6 billion increase from foreign exchange. For the fiscal year ending March 2027, the company expects a ¥69.8 billion increase from volume and mix, a ¥79.8 billion increase from foreign exchange and a ¥77.6 billion increase from cost improvements, while factoring in a ¥81.7 billion decrease from raw material, logistics and other costs and a ¥30.5 billion decrease from growth investment.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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