Mexican Media Brands
Mazda Fiscal Year Sales Rise, But Profits Fall
Mazda Motor Corp. reports its net sales grew 12% to 3.4 trillion yen ($31 billion) in the fiscal year ended March 31.
#economics
Share
Mazda Motor Corp. reports its net sales grew 12% to 3.4 trillion yen ($31 billion) in the fiscal year ended March 31. Retail sales for the period climbed 10% to 1.53 million vehicles, thanks to gains in all major markets.
Operating income rose 12% to 227 billion yen ($2 billion). But the company’s net income fell 15% to 134 billion yen ($1.2 billion).
Mazda, citing an uncertain business environment and fluctuating exchange rates, predicts its retail sales will grow only 1% to 1.55 million vehicles in the current fiscal year that began on April 1.
The company also expects its operating income will drop 25% to 170 billion yen this year. It forecasts its net income will shrink 14% to 115 billion yen.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data