Management Policy

Mid-term Plan

STRUCTURAL REFORM STAGE 2

Mazda announced a new medium-term business plan "Structural Reform Stage 2" which covers the period from FY March 2017 to FY March 2019. In the "Structural Reform Stage 2", we will achieve "qualitative growth" and improve brand value.

STRUCTURAL REFORM STAGE 2

Financial Target

(FY March 2019)

Global sales Volume
1.65 million units
Operating ROS 5% or more
Equity Rario
45% or more
Dividend Payout Ratio
20% or more

[Exchange Rates : US dollar 108 / Euro 118]

Despite steady progress in the major initiatives of Structural Reform Stage 2, operating ROS target has been revised to 5% or more due to changes in the business environment such as exchange assumptions, material costs and commodity prices, lower passenger car demand in the US.