Mazda Motor Corp ( (MZDAF) ) has released its Q3 earnings. Here is a breakdown of the information Mazda Motor Corp presented to its investors.
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Mazda Motor Corporation is a renowned automotive manufacturer based in Japan, known for producing a range of vehicles, including cars and trucks, and operates within the global automotive industry. The company is recognized for its innovative engineering and design, particularly through its ‘Skyactiv’ technology platform.
In its latest earnings report for the first nine months ending December 31, 2024, Mazda Motor Corporation reported a modest increase in net sales, reaching ¥3,689.4 billion, which marks a 3.4% rise compared to the same period in the previous year. However, the company faced declines in operating income and net income attributable to owners of the parent, reflecting various financial and operational challenges.
Mazda’s global sales volume saw a 4.0% increase, driven by a strong performance in North America, where the company achieved record-high sales in the United States and Mexico. Despite the rise in sales, the company’s operating income decreased by 25.9% to ¥148.3 billion, and ordinary income fell by 34.4% to ¥156.8 billion. Net income attributable to owners of the parent also dropped significantly by 45.3% to ¥90.6 billion, influenced by higher income taxes and other factors.
The report indicates that Mazda’s total assets increased to ¥3,967.1 billion, with net assets rising to ¥1,812.0 billion. Cash flows from operating activities generated ¥143.5 billion, although this was a decrease from the prior year’s ¥210.0 billion, highlighting pressures on the company’s cash generation capabilities. Despite these challenges, the company managed to maintain a positive free cash flow of ¥73.1 billion.
Looking ahead, Mazda Motor Corporation maintains its full-year consolidated financial forecast, anticipating net sales of ¥5,000.0 billion. However, the company has revised its global sales volume forecast, reflecting expectations of continued growth in North America and adjustments in other regions. Mazda’s management remains focused on navigating the current economic environment and addressing operational challenges to sustain future growth.
