Mazda Motor ( (MZDAY) ) has released its Q3 earnings. Here is a breakdown of the information Mazda Motor presented to its investors.
Mazda Motor Corporation, a renowned automobile manufacturer listed on the Tokyo Stock Exchange, specializes in the production of vehicles and automotive parts, operating primarily in the automotive industry with a strong focus on innovation and sustainability.
In its latest earnings report for the first nine months ending December 31, 2024, Mazda Motor Corporation reported a modest increase in net sales driven by strong performance in North America, despite experiencing a decline in operating and net income compared to the previous year.
The company’s global sales volume reached 966,000 units, marking a 4.0% year-on-year increase, with record-breaking sales in North America. However, financial results showed net sales of ¥3,689.4 billion, a 3.4% increase, while operating income fell by 25.9% to ¥148.3 billion. Ordinary income and net income attributable to owners also experienced declines of 34.4% and 45.3%, respectively. Total assets rose to ¥3,967.1 billion, reflecting increased net income, while cash flows from operating activities were positive at ¥143.5 billion, despite a decrease from the previous year’s figures.
Looking forward, Mazda has maintained its full-year financial forecast, anticipating a continued focus on recovering sales momentum in North America while addressing operational challenges. The company remains committed to implementing measures for preventing past issues and restoring trust in its brand, aiming to navigate the complex global market dynamics effectively.