Mazda Motor Corp. (Tokyo 7261) said today that for the first three months of the fiscal year ending 31 March 2024 net sales amounted to ¥1,091.0 billion, an increase of ¥473.8 billion or +76.8% compared to the matching period in the previous fiscal year. Increased sales of the CX-60 and CX-90 in Europe and the US were largely responsible for the Q1 surge. Japanes sales also increased significantly.
Operating income amounted to ¥30.0 billion. (first three months of the previous fiscal year, operating loss was ¥19.5 billion.) Ordinary income amounted to ¥63.9 billion, an increase of ¥43.2 billion or +208.3%. Net income attributable to owners of the parent amounted to ¥37.2 billion, an increase of ¥22.2 billion or 148.3% compared to the previous fiscal year. Basic loss per share was 59.07 yen, compared to profit of 23.79 yen in the prior year.
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Operating income changes (an increase of ¥49.5 billion compared to previous 2022 Q1 fiscal year) were:
- Volume & mix ¥9 billion.
- Foreign exchange ¥8 billion.
- Raw material, logistics costs, etc. (3.3) ¥
- Cost improvement ¥9 billion.
- Fixed costs and others (39.8) ¥
- Total ¥ 49.5 billion.
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Outlook – FY ending 31 March 2024
- Profit down -9% from last year to ¥130 billion or ¥206.32 per share.
- Operating income + 26.8% to ¥180 billion.
- Net sales would grow +17.6% to ¥4.50 trillion.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Mazda Motor Q1 Sales Surge from Large SUVs
Mazda Motor Corp. (Tokyo 7261) said today that for the first three months of the fiscal year ending 31 March 2024 net sales amounted to ¥1,091.0 billion, an increase of ¥473.8 billion or +76.8% compared to the matching period in the previous fiscal year. Increased sales of the CX-60 and CX-90 in Europe and the US were largely responsible for the Q1 surge. Japanes sales also increased significantly.
Operating income amounted to ¥30.0 billion. (first three months of the previous fiscal year, operating loss was ¥19.5 billion.) Ordinary income amounted to ¥63.9 billion, an increase of ¥43.2 billion or +208.3%. Net income attributable to owners of the parent amounted to ¥37.2 billion, an increase of ¥22.2 billion or 148.3% compared to the previous fiscal year. Basic loss per share was 59.07 yen, compared to profit of 23.79 yen in the prior year.
Click for more.
Operating income changes (an increase of ¥49.5 billion compared to previous 2022 Q1 fiscal year) were:
Click for more.
Outlook – FY ending 31 March 2024
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.