Mazda Reports Operating Profit Rise of 31 Percent for the First Nine Months of FiscaI Year 2005
April - December Highlights:
- Consolidated operating profit up 31 percent to 83.7 billion yen.
Full Year Highlight:
- Full-year consolidated operating profit outlook revised upwards to
118 billion yen
HIROSHIMA, Japan--Mazda Motor Corporation today announced
financial results for the first nine months of fiscal year (FY) 2005
and a revision of the full year forecast for FY2005.
Operating profit for the year-to-date period was 83.7 billion yen, a year-on-year increase of 31 percent, while net income was 41.3 billion yen, up 58 percent over FY2005.
The improved operating results reflect higher revenues, more favorable exchange rates and further cost reductions.
Full-year Projections for FY 2005
Mazda projects a 4 percent rise in global wholesales to 1.15 million units and a 7 percent increase in global revenues to 2.89 trillion yen in FY 2005. Full-year operating profit is expected to climb 42 percent to 118 billion yen, while net income is forecast to grow by 31 percent to 60 billion yen.
"Our results for the first nine months put us on track to achieve record profit levels for a second consecutive year", said Gideon Wolthers, Mazda's Representative Director and Chief Financial Officer. "Our new MPV and CX-7 models will also assist in building a solid foundation for growth under Mazda Momentum, our mid-term plan."
FY2005 first Nine Months Financial Results
-Dollar equivalents compiled at 118.07 yen to the dollar (Exchange rate prevailing on Dec. 30, 2005).
-Euro equivalents compiled at 139.82 yen to the Euro (Exchange rate prevailing on Dec. 30, 2005).
Go to "Investors Relations" at the Mazda Official Website www.mazda.com/investors/ for additional financial information.