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2006/02/10


Mazda Reports Operating Profit Rise of 31 Percent for the First Nine Months of FiscaI Year 2005

April - December Highlights:

 

- Consolidated operating profit up 31 percent to 83.7 billion yen.
- Consolidated net income up 58 percent to 41.3 billion yen.

 

Full Year Highlight:

 

- Full-year consolidated operating profit outlook revised upwards to 118 billion yen

 

HIROSHIMA, Japan--Mazda Motor Corporation today announced financial results for the first nine months of fiscal year (FY) 2005 and a revision of the full year forecast for FY2005.

For the first nine months of FY2005, Mazda's worldwide wholesales were 834,000 units, up 3 percent compared to the same period last year. Sales revenues increased 4 percent year-on-year to 2.09 trillion yen reflecting strong global demand for the Mazda3 and Mazda5.

 

Operating profit for the year-to-date period was 83.7 billion yen, a year-on-year increase of 31 percent, while net income was 41.3 billion yen, up 58 percent over FY2005.

 

The improved operating results reflect higher revenues, more favorable exchange rates and further cost reductions.

 

Full-year Projections for FY 2005

 

Mazda projects a 4 percent rise in global wholesales to 1.15 million units and a 7 percent increase in global revenues to 2.89 trillion yen in FY 2005. Full-year operating profit is expected to climb 42 percent to 118 billion yen, while net income is forecast to grow by 31 percent to 60 billion yen.

 

"Our results for the first nine months put us on track to achieve record profit levels for a second consecutive year", said Gideon Wolthers, Mazda's Representative Director and Chief Financial Officer. "Our new MPV and CX-7 models will also assist in building a solid foundation for growth under Mazda Momentum, our mid-term plan."

Dollar/Euro Equivalent
FY2005 first Nine Months Financial Results
Unit: millions
  Yen US$ Euro
Revenue
2,093,400 17,730.2 14,972.1
Operating profit 83,700 708.9 598.6
Net income 41,300 349.8 295.4
Notes:
Financial Results
-Dollar equivalents compiled at 118.07 yen to the dollar (Exchange rate prevailing on Dec. 30, 2005).
-Euro equivalents compiled at 139.82 yen to the Euro (Exchange rate prevailing on Dec. 30, 2005).

Disclaimer
The projections for FY2005 and future outlook mentioned in this press release are based on various uncertainties including conditions of the world economy in the future, automotive industry trends and the risk of exchange rate fluctuations. Note that neither Mazda nor any third party providing information shall be responsible for any damage an individual may suffer due to investment in Mazda based on the information contained in this press release.

 

Go to "Investors Relations" at the Mazda Official Website www.mazda.com/investors/ for additional financial information.

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