On October 31, local time, Mazda announced the financial report for the second fiscal quarter of the current fiscal year (July 1 to September 30). The financial report shows that due to global sales decline, Japan's production suspension and unfavorable foreign exchange rates and retail sales to the United States The impact of network reforms on investment and other factors, Mazda's second quarter loss of 2.2 billion yen (19.4 million US dollars).
From July to September this year, Mazda's net income plummeted 86% to 3.8 billion yen ($33.4 million); net sales were 856 billion yen ($7.53 billion), roughly the same as last year, and its global retail sales declined during the same period. % to 392,000 vehicles, North America, China and Japan and other markets are bleak.
Mazda’s sales volume was lower due to the disruption of rainstorm supply in Japan, resulting in a decrease in sales of 22,000 units, while Mazda lost 18 billion yen ($158.3 million) in sales and production. The increased incentives further weakened profitability. The exchange rate impact reduced the profit of 6.2 billion yen (54.5 million US dollars), and spent 5 billion yen ($44 million) on the transformation of the US retail network.
In the first half of the fiscal year, Mazda's net sales reached 1.729 trillion yen, an increase of 72.5 billion yen (4.4%) compared with the same period of last year; operating income reached 30.9 billion yen, a decrease of 45.6 billion yen over the same period of last year (a decrease of 59.6%). Net income attributable to owners of the parent company was 24.4 billion yen, down 61.5% year-on-year.
Regionally, North American retail sales fell 5% to 106,000 in the second quarter; operating profit in the first half of the fiscal year climbed 80% to 22.9 billion yen ($201.4 million); Europe's second quarter Retail sales remained at 68,000 units, and operating profit for the first half of the fiscal year surged 69% to 6.1 billion yen ($53.7 million).
Akira Marumoto, the CEO who took office in June this year, said that its primary task is to stimulate Mazda's growth in the US market. To this end, Marumoto hopes to strengthen Mazda's net sales network in the United States and make full use of its increasingly close cooperation with Toyota.
Mazda is also working with Toyota to build a plant in Alabama. The $1.6 billion plant is scheduled to go into production in 2021 and will add 150,000 units to Mazda to produce new crossovers for the US market. Mazda It is expected that after the new plant is put into production, its sales in the US will increase significantly, and global sales will rise to 2 million units, higher than the previous forecast of 1.7 million units.
Based on the performance of the first half of the fiscal year, Mazda lowered its earnings forecast for the current fiscal year: It is expected that operating profit for the full year will fall 52% to 70 billion yen ($615.8 million), higher than the previous estimate of 28%; net income Will fall 55% to 50 billion yen ($439.8 million), also higher than the previous forecast of 29% decline; global retail sales will drop 1% to 1.62 million, North American sales will remain at around 434,000, sales in Europe Will be stable at 270,000 units.