Mazda Motor Corporation has published its consolidated financial results for the fiscal year ended March 31, 2013. (1) Analysis of Financial Results (Financial Results for the FiscalYear Ended March 31, 2013) Economic and business environment surrounding Mazda Group for the fiscal year ended March 31, 2013 was as follows. Overall, a sense of economic stagnation was deepened. Although U.S. economy is in the trend of recovery, its pace of recovery is slow and the economic stagnation in European countries has been prolonged. And also, in emerging countries, the pace of economic expansion has slowed down, while some countries showed signs of picking-up. In Japan, reconstruction demand following the Great East Japan Earthquake is expected to prop up the economy and the improvement in export environment with the correction of yen appreciation is expected to lead to economic recovery. But the outlook for the economy remains uncertain affected by concern about downturn in overseas economy. Under such situation, Mazda Group is stepping up its efforts to improve earnings structure by steady implementation of key measures based on “Structural Reform Plan” and introduction of the new models with the new generation technology, “SKYACTIV TECHNOLOGY” (hereinafter referred to as “SKYACTIV”), which thoroughly improves the base technologies of vehicle’s core performance, to the major markets in series. Retail volume by market for the fiscal year ended March 31, 2013 was as follows. In Japan, the retail volume increased by 5.2% year-over-year to 216 thousand units; mainly due to the strong sales of “Mazda CX-5″ and all-new “Mazda Atenza”. On the other hand, in overseas, in North America, retail volume remained almost flat from the previous year to 372 thousand units. In Europe, retail volume decreased by 6.2% year-over-year to 172 thousand units, while the sales of “CX-5” continue to be strong. In China, retail volume decreased by 21.5% year-over-year to 175 thousand units, while the sales are in the trend of recovery. In other areas, retail volume increased by 13.5% year-over-year to 300 thousand units through high level of sales maintained in Australia and ASEAN countries. As a result, the global retail volume in total was 1,235 thousand units, down 1.0% from the prior fiscal year. Financial performance on the consolidated basis for the fiscal year ended March 31, 2013 was as follows. Net sales amounted to ¥2,205.3 billion, increased by ¥172.2 billion year-over-year or 8.5% from the prior fiscal year, owing to the increase in wholesale volume and the product mix improvement. Operating results amounted to a profit of ¥53.9 billion, owing to the improvement in volume, products mix and cost. (Consolidated operating result in the last fiscal year was a loss of ¥38.7 billion.) Ordinary results amounted to a profit of ¥33.1 billion. (Consolidated ordinary result in the last fiscal year was a loss of ¥36.8 billion.) Net results amounted to a profit of ¥34.3 billion. (Consolidated net result in the last fiscal year was a loss of ¥107.7 billion.) Financial results by reportable segment were as follows. In Japan, net sales increased by ¥148.6 billion (up 8.5%) year-over-year to ¥1,893.6 billion and segment income (operating income) increased by ¥126.8 billion to ¥108.4 billion. In North America, net sales increased by ¥78.3 billion (up 13.7%) year-over-year to ¥650 billion and segment loss (operating loss) increased by ¥8.6 billion to ¥48.9 billion. In Europe, net sales decreased by ¥5.7 billion (down 1.6%) year-over-year to ¥354.8 billion and segment income (operating income) decreased by ¥2.5 billion to ¥3.1 billion. In other areas, net sales increased by ¥124.4 billion (up 42.3%) year-over-year to ¥418.7 billion and segment income (operating income) increased by ¥6.8 billion to ¥16.8 billion. Business overview of Mazda Group by activity for the fiscal year ended March 31, 2013 was as follows. In terms of products, since November last year, we have launched the all-new “Mazda Atenza (called Mazda 6 in overseas markets)” in the major markets as the second of Mazda’s new generation of products, which incorporate both the full range of “SKYACTIV” and the new “KODO-Soul of Motion” design theme. The all-new “Atenza” is a flagship model, which delivers responsive, high-quality, sporty driving along with outstanding fuel economy, environmental and safety performance. With regard to the engines of all-new “Atenza”, in addition to “SKYACTIV-D 2.2” clean diesel engine which “CX-5” received high praise for, newly developed “SKYACTIV-G 2.5” gasoline engine which satisfies both of ample torque and a superbly quiet cabin is newly added to the line-up. In addition, the all-new “Atenza” features “i-ACTIVSENSE”, a series of advanced safety technologies, and the real-world fuel economy is further improved with “i-stop”, Mazda’s idling stop system, and “i-ELOOP”, which is the world’s first brake energy regeneration system in a passenger vehicle to use a capacitor to store electricity. And also, we launched the freshened versions of “Mazda CX-9” and “Mazda Premacy (called Mazda5 in overseas markets)” to the markets in series. The facelifted “CX-9” carries over the utility and dynamic driving performance of the previous model while adopting Mazda’s new “KODO” design theme for even sportier styling and stronger presence. In addition, the major 2WD model grades of the facelifted “Premacy” feature two “SKYACTIV”, a highly efficient direct injection “SKYACTIV-G 2.0” gasoline engine and a highly efficient six-speed “SKYACTIV-DRIVE” automatic transmission, which contribute to further evolution of the high-quality and more comfortable ride while achieving an outstanding fuel economy. In November last year, “CX-5”, which is the first model to adopt the full suite of “SKYACTIV”, won the “2012-2013 Car of the Year Japan”. The last Mazda to be named the Car of the Year Japan was the “Mazda Roadster” in 2005. The “CX-5” is the fourthMazda to win the award. In the sales area, “CX-5” has maintained a high level of sales since its launch in February last year and was the best selling SUV in 2012 in Japan. The mix of clean diesel engine models accounted for about 80%, exceeding our initial forecast. And also, in Australia where we have continued strong sales trend, we marked record high sales of [...]
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