Mazda Motor (7261) investor relations material

Executive summary

• Record first-quarter net sales of ¥1,285.7 billion, up 17% year on year, with operating income of ¥32.8 billion and net income of ¥29.6 billion, both rebounding sharply from the prior year.

• Global sales volume reached 304,000 units, up 1.2% year on year, with notable growth in North America (+4.8%) and Europe (+11.6%).

• The all-new CX-5 launch progressed in key markets, with orders exceeding expectations and strong customer response.

• Full-year forecast remains unchanged, targeting ¥150 billion operating income and 1,324,000 global sales units.

Financial highlights

• Net sales rose 17% year on year to ¥1,285.7 billion; operating income improved by ¥78.9 billion to ¥32.8 billion.

• Net income reached ¥29.6 billion, up ¥71.7 billion from the prior year.

• EPS recovered to ¥47.0 from a loss of ¥66.8 in the previous year.

• Gross profit improved to ¥254.1 billion from ¥168.2 billion year-over-year.

• Ordinary income was ¥42.8 billion, up from a loss of ¥34.3 billion in the previous year.

Outlook and guidance

• Full-year forecast unchanged: net sales of ¥5,500.0 billion, operating income of ¥150.0 billion, net income of ¥90.0 billion.

• Global sales volume forecast at 1,324,000 units, up 8% year on year.

• Dividend forecast maintained at ¥55 per share for the full year.

• Volume growth and cost improvements expected to drive results, with new models (CX-5, Mazda6e, CX-6e) contributing from Q2.