Exit from the Russian Business
First written in FY2023-Q2. 1 of 3 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the European market, the company also began full-scale sales of MAZDA6e, developed on the basis of MAZDA EZ-6, its first new electric vehicle, in autumn 2025.」
The company introduced an electric vehicle jointly developed with Changan Mazda not only in China but also in the European market, and began full-scale sales of MAZDA6e. - FY2023-Q3AchievedAnnual report
「The ¥10,952 million loss on liquidation of an affiliated company represents transfer-related expenses incurred when the company transferred its entire equity interest in Mazda Sollers Manufacturing RUS LLC, formerly an equity-method affiliate, to its joint-venture partner SOLLERS PJSC in December 2022.」
Regarding the exit from MSMR in Russia, for which the contract signing had been reported in FY2023-Q2, the company completed the transfer of its entire equity interest in December 2022. It recorded a ¥10.952 billion loss on liquidation of an affiliated company as transfer-related expenses. - FY2023-Q2First statedAnnual report
「The company decided to transfer its entire equity interest in Mazda Sollers Manufacturing RUS LLC (hereinafter, "MSMR"), a manufacturer and seller of vehicles and other products in Vladivostok, Russia, owned by the company, to its joint-venture partner SOLLERS PJSC (hereinafter, "Sollers"). It signed the transfer agreement on 24 October 2022.」
Regarding MSMR, which had suspended parts supplies and operations due to the situation in Russia, the company signed an agreement to transfer its entire equity interest to Sollers. The transfer is scheduled to take place after obtaining approvals from the relevant authorities, at a transfer price of €1. The post-transfer ownership interest will be 0%, and the company expects to record an extraordinary loss of approximately ¥12 billion related to the transfer.