- Consolidated sales revenue up 9 percent year-on-year to 2,289.6 billion yen
HIROSHIMA, Japan—Mazda Motor Corporation today reported its financial results for the first nine months of fiscal year (FY) 2006 and announced revisions to its full-year financial projections.
FY2006 Third Quarter Results
On a geographic basis, despite strong sales of mini vehicles, Mazda retail sales in Japan were down 8 percent to 182,000 units due to the effects of reduced industry demand for registered vehicles. In the United States, sales volumes reached 202,000 units, a 4 percent increase year-on-year, primarily due to the contributions from newly-launched models such as the Mazda CX-7, and the Mazda5 and MX-5 Miata. Strong demand in Europe for Mazda5 and Mazda6 diesel models, in addition to the MX-5, led to a retail volume of 219,000 units, an 11 percent increase. In China, a tough competitive environment resulted in a 4 percent decrease in sales to 98,000 units. Total wholesales for first 9 months of this fiscal year were higher in North America and Europe. This was offset by lower demand in Japan and other regions, resulting in consolidated Mazda wholesales of 829,000 units, down 1 percent on the same period last year.
Full-year projections for FY2006
Mazda Representative Director and Chief Financial Officer David Friedman said, “Mazda’s financial results for the first nine months of fiscal 2006 reflect progress despite challenging business conditions. We are pleased to see that our operating margin has improved to 4.7 percent, up 0.7 points over last year. With less than two months remaining in the Mazda Momentum plan, we will continue to focus on steady improvement as we move forward in building a solid foundation for Mazda’s future.”