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Results presentation7261Mazda Motor CorporationAutomobiles and Transportation Equipment

FY2027/3 Second-Quarter Results Presentation

In the first half of the fiscal year ending March 2027, revenue increased on higher unit sales and contributions from new models, while operating profit improved significantly from a loss in the previous year to ¥59.1 billion. The full-year operating profit forecast was unchanged at ¥150.0 billion, while the full-year unit sales forecast was reduced by 27,000 units from the previous announcement.

Worth reading
58In 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
1130
¥100 million (year-on-year improvement in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Results presentationCumulative second quarter, fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,881 100 million+20.0%
Operating profit¥591 100 million
Ordinary income¥728 100 million
Net income¥442 100 million
Operating profit margin2.2 %
Results for the three months of the current quarter
Net Sales
¥14,024 100 million
Operating profit
¥263 100 million
Ordinary income
¥300 100 million
Net income
¥146 100 million
Operating profit margin
1.9 %
Full-year earnings forecast
Consolidated shipments
1,208 thousand units
Global vehicle sales
1,297 thousand units
Net Sales
¥55,000 100 million
Operating profit
¥1,500 100 million
Ordinary income
¥1,600 100 million
Net income
¥900 100 million
EPS
142.6 Yen
Operating profit margin
2.7 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-half operating profit year on year
Volume and mix¥699 100 million
Foreign Exchange¥721 100 million
Raw material, logistics and other costs¥-613 100 million
Cost improvement¥337 100 million
Growth Investment / Strengthening the Foundation¥-171 100 million
Fixed costs and other factors¥157 100 million
Full-Year Operating Profit vs. August Announcement
Volume and mix¥-100 100 million
Foreign Exchange¥100 100 million
Raw material, logistics and other costs¥-400 100 million
Cost improvement¥100 100 million
Growth Investment / Strengthening the Foundation¥0 100 million
Fixed costs and other factors¥300 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollars158 Yen or respective currency units
Euro180 Yen or respective currency units
Canadian dollar113 Yen or respective currency units
Australian dollar112 Yen or respective currency units
British pound212 Yen or respective currency units
Thai baht4.75 Yen or respective currency units
Mexican peso9.11 Yen or respective currency units
New initiatives
  • Expand shipments, led by the new CX-5, MAZDA6e and CX-6e
  • Accelerate structural cost reductions
  • Co-creation with Nippon Steel from the materials and design stages
  • Reduce, localize and automate wire harnesses with Yazaki Corporation
  • Launch an L2++-equipped EZ-60 model in China in October
  • Expand sales of the MAZDA6e and CX-6e in each market
Key KPIsA metric the company considers important as a management benchmark.
  • Global vehicle sales617 thousand units+1.0%
  • Consolidated shipments584 thousand units+8.0%
  • Production volume590 thousand units+6.0%
  • United States vehicle sales216 thousand units+3.0%
  • U.S. market share2.72 %
  • Common Equity Ratio44 %
Financial targets
Equity ratio
44 %
As ofEnd-September 2026
Market Size / Share
Total U.S. Demand
16.1 Million vehicles SAAR
Mazda U.S. Market Share
2.72 %
Annual Dividend
¥55 per share
Interim25
End of period30
Contents of this document
ItemDetails
Document typeResults presentation
Fiscal Period CoveredCumulative second quarter, fiscal year ending March 2027
Net Sales¥26,881 100 million (YoY +20.0%)
Operating profit¥591 100 million
Ordinary income¥728 100 million
Net income¥442 100 million
Operating profit margin2.2 %
Results for the three months of the current quarterNet Sales ¥14,024 100 million / Operating profit ¥263 100 million / Ordinary income ¥300 100 million / Net income ¥146 100 million / Operating profit margin 1.9 %
Full-year earnings forecastConsolidated shipments 1,208 thousand units / Global vehicle sales 1,297 thousand units / Net Sales ¥55,000 100 million / Operating profit ¥1,500 100 million / Ordinary income ¥1,600 100 million / Net income ¥900 100 million / EPS 142.6 Yen / Operating profit margin 2.7 %
Breakdown of Factors Affecting the ChangeFirst-half operating profit year on year Volume and mix ¥699 100 million / Foreign Exchange ¥721 100 million / Raw material, logistics and other costs ¥-613 100 million / Cost improvement ¥337 100 million / Growth Investment / Strengthening the Foundation ¥-171 100 million / Fixed costs and other factors ¥157 100 million / Full-Year Operating Profit vs. August Announcement Volume and mix ¥-100 100 million / Foreign Exchange ¥100 100 million / Raw material, logistics and other costs ¥-400 100 million / Cost improvement ¥100 100 million / Growth Investment / Strengthening the Foundation ¥0 100 million / Fixed costs and other factors ¥300 100 million
Key KPIsGlobal vehicle sales 617 thousand units (YoY +1.0%), Consolidated shipments 584 thousand units (YoY +8.0%), Production volume 590 thousand units (YoY +6.0%), United States vehicle sales 216 thousand units (YoY +3.0%), U.S. market share 2.72 %, Common Equity Ratio 44 %
Assumptions Underlying the Business OutlookExchange rate US dollars 158 Yen or respective currency units / Euro 180 Yen or respective currency units / Canadian dollar 113 Yen or respective currency units / Australian dollar 112 Yen or respective currency units / British pound 212 Yen or respective currency units / Thai baht 4.75 Yen or respective currency units / Mexican peso 9.11 Yen or respective currency units
Financial targetsEquity ratio 44 %
Annual Dividend¥55 per share
Market Size / ShareTotal U.S. Demand 16.1 Million vehicles (SAAR) / Mazda U.S. Market Share 2.72 %
New initiativesExpand shipments, led by the new CX-5, MAZDA6e and CX-6e, Accelerate structural cost reductions, Co-creation with Nippon Steel from the materials and design stages, Reduce, localize and automate wire harnesses with Yazaki Corporation, Launch an L2++-equipped EZ-60 model in China in October, Expand sales of the MAZDA6e and CX-6e in each market
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.

Higher sales of new models, including the new CX-5, expanded sales in the United States, and improvements in volume and mix, foreign exchange and costs boosted profit. On the other hand, raw materials and logistics costs, along with growth investment and infrastructure-strengthening expenses, weighed on profit. For the full-year outlook, the assumptions for volume and mix, foreign exchange, raw materials and fixed costs were reviewed.

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FY2027/3 Second-Quarter Results Presentation | Mazda Motor Corporation (7261) timely disclosure | Komori