MEDIUM-TERM PLAN & BUSINESS STRATEGY

Mazda Announces “Lean Asset Strategy” that Realizes Electrification of Multi-Solution

Mazda announced its "Lean Asset Strategy", which will realize the company’s multi-solution approach for electrification on March 18, 2025.

Mazda considers the period up to 2030 to be the "dawn of electrification“, and under the 2030 Management Policy, the company will promote electrification with multi-solution to flexibly respond to diversifying customer needs and environmental regulations. The "Lean Asset Strategy", announced today, is an implementation strategy to enhance Mazda's corporate value as a niche player by increasing the utilization of existing assets in the timely development, production, and market introduction of diverse products and electrification technologies.

Related Information

Refer to "Multi Solution Briefing 2025" for a summary of the presentation.

Mid-Term Management Plan Update and Management Policy up to 2030

Mazda announced an update on its ongoing Mid-Term Management Plan, which runs through March 2026, and Management Policy up to 2030 along with key initiatives on November 22, 2022.

Related Information

Refer to the News Release for "Mid-Term Management Plan Update and Management Policy up to 2030"
Refer to the News Release for "New Partnerships for the Development and Production of Electric Drive Units"
Refer to "2030 VISION / MANAGEMENT POLICY UP TO 2030" for a summary of the presentation.

Medium-Term Management Plan Financial Metrics

The following table lists financial metrics for FY March 2026, the final year of the Medium-Term Management Plan.

Financial Metrics for FY March 2026

Net salesAbout ¥4.5 trillion
ProfitabilityROS* 5% or higher / ROE 10% or higher
Investment for the future■ Capital investment and R&D investment: 7%–8% of net sales or lower
■ Actions for electrification, IT, and decarbonized society
Financial structureMaintenance of net cash position
Shareholder returnsSustainable payout ratio at 30% or higher
Break-even volumeAbout 1 million units (wholesale)

*Operating income ratio

Progress Toward Financial Metrics (as of May 2025)

Progress toward financial metrics during the Medium-Term Management Plan (FY March 2020-FY March 2026).

Net Sales (Billions of yen)

Net Sales (Billions of yen)
Net Sales (Billions of yen)

Operating Income (Billions of yen) / ROS (%)

Operating Income (Billions of yen) / ROS (%)
Operating Income (Billions of yen) / ROS (%)

Net Income Attributable to Owners of the Parent (Billions of yen) / ROE (%)

Net Income Attributable to Owners of the Parent (Billions of yen) / ROE (%)
Net Income Attributable to Owners of the Parent (Billions of yen) / ROE (%)

CAPEX and R&D Costs (Billions of yen) / Ratio to Net Sales (%)

CAPEX and R&D Costs (Billions of yen) / Ratio to Net Sales (%)
CAPEX and R&D Costs (Billions of yen) / Ratio to Net Sales (%)

Net Cash (Billions of yen)

Net Cash (Billions of yen)
Net Cash (Billions of yen)

Dividend Per Share (Yen) / Consolidated Payout Ratio (%)

Dividend Per Share (Yen) / Consolidated Payout Ratio (%)
Dividend Per Share (Yen) / Consolidated Payout Ratio (%)

(Note) 60 yen for the fiscal year ended March 31, 2024 includes a special dividend of 5 yen.

Break-even volume

About 1 million units (wholesale)   

Achieved our target in the FY March 2022 earlier than planned, and continued to achieve it in the FY March 2025.

Medium-Term Management Plan Revision

Mazda announced “Medium-Term Management Plan Revision” on November 9, 2020.

We announced Medium-Term Management Plan in November 2019, but our business surroundings have drastically changed due to the spread of COVID-19. Based on lessons learned from the pandemic and after considering actions to adapt to the changing environment, we revised a part of the policy and some initiatives, and announced “Medium-Term Management Plan Revision”.

Medium-Term Management Plan

Mazda announced "Medium-Term Management Plan" on November 1, 2019.

In the Medium-Term Management Policy, we defined three priority areas in which we need to focus our business resources and efforts: “Investment in unique products and customer experience”, “Curb expenses that depreciate brand value” and “Investment in the areas in which we need to catch up”. In the Medium-Term Management Plan, we announced major initiatives in these three areas and financial metrics.

Medium-Term Management Policy

Mazda announced "Medium-Term Management Policy" on May 9, 2019.

Mazda is reaching its centennial anniversary in 2020, a grand milestone since our founding. As a milestone marking the beginning of our next 100 years, we have set out our ideal for 2030-40. To realize it, we drew up the Medium-Term Management Policy along with the direction of initiatives for the period of the new medium-term management plan (FY March 2020 to FY March 2025).

Related Information

Integrated ReportRefer to the Integrated Report
Sustainability ReportRefer to the  Sustainability Report