Mazda Posts Net Income of $7.2 Billion for First Half of Japanese Fiscal Year

FY March 2024 First Half Results – courtesy of Mazda Motor Corporation

Ken Zino of AutoInformed.com on Mazda Posts Net Income of $7.2 Billion for First Half of Japanese Fiscal Year

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Mazda Motor Corporation in Japan (Tokyo Stock Exchange / Code No. 7261) posted record highs record highs for all profit line items for the first half of the Japanese fiscal year (April – September 2023). Net sales of ¥2,317.3 billion led to an operating income ¥129.6 billion, and net income ¥108.1 billion (~$7.2B). New SUVs, especially in North America, resulted in a strong per-unit revenue. Foreign exchange also contributed to the results. Global sales were 616,000 units, up 20% year on year, or ~100,000 units.

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