Mazda net sales down 16% in 2021

Japan
Published:  17 May, 2021

The Japanese car manufacturer has announced results for the fiscal year 2021, including decreased net sales and operating income. Net sales were ¥2.9 trillion (US$20 billion), down 16% year-on-year and operating sales were ¥8,82 billion (US$80 million).

Global sales volume for the fiscal year ended March 31, 2021 was 1,287 thousand units, down 9.3% year-on-year as sales declined in Japan, Europe, ASEAN and other countries due to Covid-19. On the other hand, in the U.S. and Australia, where sales have been robust, year-on-year increases in sales volume were achieved in both markets as Mazda sales outpaced the demand recovery.

Total assets increased ¥129.8 billion (US$1.2 billion) from the end of the 2020 fiscal year, to ¥2,917.4 billion (US$26.7 billion). Interest-bearing debt increased to ¥755.9 billion (US$6.9 billion), mainly due to the increase in long-term loans. Net Assets decreased ¥10.0 billion (US$0.09 billion) from the end of the 2020 fiscal year to ¥1,195.8 billion (US$10.95 billion).

Outlook

In the fiscal year ending March 2022, Mazda will try to recover sales volume in each market to the level prior to the coronavirus crisis, and will expand sales volume in favourable markets, primarily the U.S. and Australia.

Credit: Mazda