Mazda Motor (7261) investor relations material

Executive summary

• Returned to profitability in Q3 with operating income of ¥30.8B and net income of ¥30.6B, achieving planned profits and positive free cash flow.

• Nine-month global sales volume was 920,000 units, down 4.8% year-over-year, mainly due to reduced U.S. sales and model transitions in Europe.

• Net sales for nine months were ¥3,501.5B, with an operating loss of ¥23.1B and net loss of ¥14.7B, impacted by compensation payments and extra retirement expenses.

• Full-year forecast projects operating income of ¥50B and net income of ¥20B, with dividend forecast unchanged.

• Full-scale shipments of the redesigned CX-5 began, with production ramping up in key markets.

Financial highlights

• Q3 operating income: ¥30.8B; net income: ¥30.6B; positive free cash flow.

• Net sales: ¥3,501.5B, down 5.1% year-over-year; operating loss: ¥23.1B; net loss: ¥14.7B.

• Ordinary income: ¥37.4B, down 76.1% year-over-year; comprehensive income: ¥55.7B, down 41.8%.

• EPS for nine months: -¥23.3, down ¥167 year-over-year.

• Free cash flow for nine months: -¥145.8B.

Outlook and guidance

• Full-year net sales forecast revised to ¥4,820B, down 4% year-over-year; operating income forecast: ¥50B, down 73.1%.

• Net income attributable to owners forecast at ¥20B, down 82.5% year-over-year.

• Full-year global sales volume forecast at 1,280,000 units, down 1.7% year-over-year.

• Focus on strengthening profitability through global rollout of new CX-5 and ongoing cost reductions.

• Transition to electrification and lean asset strategy continues, with new BEV models planned for key markets.