News Column

Mazda's net profit jumps to record 48 bil. yen in April-June

July 31, 2014

Mazda Motor Corp. said Thursday its net profit in the April-June period surged nearly ninefold from a year earlier to a record 48.89 billion yen, propelled by strong sales overseas.

Robust sales in North America, Europe and China offset weaker sales in Japan, according to the company. The net profit increased from 5.46 billion yen a year earlier.

Group sales climbed 14.6 percent to 705.64 billion yen. Mazda shipped about 319,000 vehicles worldwide, up 6 percent, thanks to solid demand for the CX-5 sports utility vehicle and the Axela compact car.

Shipments in the North American market increased 16 percent to about 110,000 units, while those in Europe and China rose 23 percent to 56,000 units and 18 percent to 44,000 units, respectively.

Shipments in Japan dropped 21 percent to 40,000 units apparently partly due to the effect of the consumption tax hike on April 1.

The company kept its full year to March earnings forecast intact, continuing to expect 160 billion yen in net profit, up 18 percent.

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Source: Japan Economic Newswire

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