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Mazda Releases FY March 2014 First Quarter Financial Results


Mazda Releases FY March 2014 First Quarter Financial Results

Tokyo, July 31, 2013 - (JCN Newswire) - For the first three months of the Fiscal Year ending March 31, 2014, the global retail volume of the Mazda Group increased by 0.4% year-over-year to 301 thousand units; mainly due to high level sales of new models equipped with the new generation technology, "SKYACTIV TECHNOLOGY" (hereinafter referred to as "SKYACTIV"), such as "Mazda CX-5" and all-new "Mazda Atenza (called Mazda6 in overseas markets)". The Mazda Group promoted the sales expansion of the "SKYACTIV" models in global market and has strived to improve in sales and earnings, while there was a sign of tough sales environment in some regions such as China. Retail volume by market was as follows. In Japan, although there was a reactionary decline in car demand after the termination of subsidies for eco-friendly car purchase, due to the strong sales of "SKYACTIV" models such as the all-new "Atenza", retail volume remained almost flat from same period of the previous fiscal year to 50 thousand units. In North America, retail volume was up 5.5% to 95 thousand units due to the sales increase in U.S. and Mexico, where "CX-5" is good in demand. In Europe, despite a prolonged downturn in demand, retail volume was up 4.3% to 46 thousand units due to the strong sales in major countries like Germany and U.K., driven by the full-scale introduction of all-new "Mazda6". In China, retail volume was down 19.6% to 37 thousand units. In other areas, retail volume was 73 thousand units (up 5.4%) through high level of sales maintained in Australia and others.

Financial performance on the consolidated basis for the first three months of the Fiscal Year ending March 31, 2014 was as follows: Net sales amounted to 615.9 billion yen, increased by 109.2 billion yen year-over-year or 21.6% from same period of the previous fiscal year. Operating results amounted to a profit of 36.5 billion yen, owing to the increase in sales volume of the "SKYACTIV" models that is profitable even in an environment with a strong yen as well as the correction of yen appreciation. (Consolidated operating result in the same period of the previous fiscal year was a profit of 1.8 billion yen) Ordinary results amounted to a profit of 8.4 billion yen.

(Consolidated ordinary result in the same period of the previous fiscal year was a loss of 8.9 billion yen). Net results amounted to a profit of 5.5 billion yen (Consolidated net result in the same period of the previous fiscal year was a loss of 6.5 billion yen)

Financial results by reportable segment for the first three months of the Fiscal Year ending March 31, 2014 was as follows. In Japan, net sales increased by 68.1 billion yen (up 15.5%) year-over-year to 507.3 billion yen and segment income (operating income) increased by 20.7 billion yen (up 330.2%) to 27.0 billion yen. In North America, net sales increased by 42.6 billion yen (up 27.8 %) year-over-year to 195.4 billion yen and segment income (operating income) amounted to 1.1 billion yen. (For the first three months of the previous fiscal year, segment loss was 10.7 billion yen) In Europe, net sales increased by 41.4 billion yen (up 59.1%) year-over-year to 111.5 billion yen and segment income (operating income) increased by 1.3 billion yen (up 144.4%) to 2.3 billion yen. In other areas, net sales increased by 17.5 billion yen (up 19.5%) year-over-year to 107.1 billion yen and segment income (operating income) decreased by 1.4 billion yen (down 35.3%) year-over-year to 2.6 billion yen.

For more information, visit http://www.mazda.com/investors/library/result/2014/pdf/ren130731_e.pdf.

About Mazda

Mazda Motor Corporation (TSE: 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines. Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States and Europe for over 30 years. For more information, please visit www.mazda.com.

Contact:

Mazda Ms. Mayumi Handa handa.ma@tky.mazda.co.jp +81-82-282-1111

Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net

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