NEWS RELEASES
Investor Relations
Mazda Reports Strong First Half Financial Results
- Operating Profit up 43 Percent Year-on-Year -
- Full-year outlook revised upwards in the final year of the Mazda Momentum plan -
- First-half consolidated sales revenue up 13 percent year-on-year
to 1.52 trillion yen.
HIROSHIMA, Japan—Mazda Motor Corporation today announced that its fiscal year 2006 full-year forecast was being revised upwards based on record levels of consolidated revenue, operating profit and ordinary profit that were reached in the first half of FY2006.
FY2006 First Half Results
On a geographic basis, despite steady micro-mini sales in Japan, Mazda's sales volume during the first half of FY2006 declined by 7 percent to 131,000 units, mainly due to diminished demand for registered vehicles. In the US market, sales volumes increased 3 percent to 142,000 units, attributable to the newly-launched Mazda CX-7 and contributions from the Mazda5 and MX-5 models. Strong sales of the Mazda5 and MX-5 in Europe led to 151,000 units sold there during the April-September period, an increase of 10 percent year-on-year. Sales in China declined 8 percent to 62,000 units in the first half amid a very competitive sales environment. Overall, Mazda recorded 560,000 consolidated global wholesales for the first half of FY2006, up 1 percent over last year.
Full-year Profit Projections for FY2006 revised upwards
Mazda Senior Managing Executive Officer and Chief Financial Officer David E. Friedman said, “We are pleased to report a one percent increase in Mazda's operating margins in the first half, to 4.6 percent, reflecting the impact of an improved model mix in markets around the globe. Although we anticipate an even more competitive operating environment in the second half, opportunities such as the launch of the Mazda CX-7 in Japan and the introduction of the CX-9 in North America will ensure our product-led growth continues on track as we execute the last phase of the Mazda Momentum plan.” FY2006 Financial Projections:
Dollar/Euro Equivalent
Notes:
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