Mazda Reports Third Quarter Financial Results For Fiscal Year 2007
HIROSHIMA, Japan—Mazda Motor Corporation today reported its financial results for the first nine months (April to December) of fiscal year (FY) 2007 and confirmed its full-year financial projections.
FY2007 Third Quarter Results
Mazda’s global retail volume for the first nine months of FY2007 improved 11 percent year-on-year to 975,000 units excluding the impact of discontinued Mazda brand vehicle production in Hainan, China. Amid the 7 percent decline in industry demand in Japan compared to a year ago, Mazda’s retail sales were down 4 percent year-on-year to 175,000 units, outperforming the industry decline. Moreover, during the period September to December 2007, retail sales in Japan rose by 1,000 units over the same three-month period in 2006 due to the popularity of the highly acclaimed all-new Mazda2 (Mazda Demio) and other factors. Launched in July 2007 in Japan, the all-new Mazda2 (Mazda Demio) has won a number of automotive awards, including Japan’s 2007/2008 RJC Car of the Year, Car of the Year in New Zealand, Austria, Belgium, Croatia and Denmark; while placing second in the 2007 European Car of the Year.
Retail sales volumes in North America reached 302,000 units, a 9 percent increase over the same period last year, on the strength of the enduring popularity of the Mazda3 and increased sales of the Mazda CX-9, which won the 2007 North American Truck of the Year award. In Europe, retail sales volumes increased in line with expectations, up 3 percent year-on-year to 228,000 units, anchored by the September 2007 launch of the all-new Mazda2. Sales were particularly strong in Russia, which posted record results each month and achieved 56 percent growth compared to a year ago. The UK and Portugal, as well as Russia, recorded all-time best calendar year sales.
In China, sales reached 71,000 units. Excluding the impact of terminating the production of Mazda brand vehicles in Hainan, retail volumes showed a significant 97 percent year-on-year growth. In other global markets, the first nine months of this fiscal year saw retail volumes grow 22 percent to 199,000 units, reflecting healthy sales of the Mazda CX-7, which was launched in Australia in November 2007, the BT-50 pickup truck and the Mazda3, which continues to deliver brisk sales in numerous markets. Monthly sales in Australia hit a record level for 12 consecutive months. Five other markets, including Israel and several Latin American markets, also achieved record calendar year sales volumes.
Mazda’s Representative Director, Senior Managing Executive Officer and CFO, David E. Friedman, said, “Mazda is making steady progress toward achieving a seventh consecutive year of increased profits despite a more challenging external environment, including intensified sales competition. The all-new Mazda2 and Mazda6 have both launched smoothly and are already earning accolades around the world. Mazda will strive to steadily increase global retail sales volumes and we will continue working towards achieving the targets set out in the Mazda Advancement Plan.”
Financial projections for FY2007
FY2007 Full Year Projections
For additional financial information, please visit the Investor Relations section in the Mazda official website at www.mazda.com/investors/.