Mazda and Fuji Heavy log gains for quarter ended September 2014

Article by Christian A., on November 2, 2014

Japanese carmakers Mazda Motor Corp. and Fuji Heavy Industries Ltd. both posted good growths for the second fiscal quarter ended September. Mazda and Subaru parent Fuji sell around 80 of their Japan-produced vehicles abroad—meaning they both benefit from the weaker yen, which renders exported products more profitable.

Fuji posted a 32-percent jump in operating profit for the quarter to JPY106.94 billion, with revenues leaping 24 percent to JPY716.85 billion. The carmakers also benefited from strong sales in the United States, which they consider as their largest market.

Subaru logged its 34th month in a row of sales gain in September, as boosted by strong demand for the Forester SUV and Legacy models, Subaru recorded a 34th straight month of sales growth in September. Subaru logged a 20-percent jump in light vehicle sales in the US to 375,485 units in the first nine months of 2014, according to the Automotive News Data Center.

Mazda, on the other hand, posted a 9-percent leap in the same period to 240,953 vehicles. Both outpaced the overall US market that grew 6 percent to 12.4 million vehicles. Mazda saw its operating profit jump 27 percent in the fiscal second quarter ended September to JPY47.59 billion ($428.8 million).

While Mazda updated its revenue forecast to reflect a slight increase, it reiterated the figures for its annual profit. On the other hand, Fuji updated its full-year operating profit forecast to reflect an increase from JPY340 billion to JPY382 billion.

Fuji also hiked its dividend forecast for the full fiscal year by JPY6 to JPY62. The Subaru owner also expects to 22,000 more vehicles overseas this year than initially expected, as it experienced strong sales in North America. Fuji, however, now expects to less vehicles in Japan and Europe than initial forecasted.

If you liked the article, share on:

Comments

Recommended

The Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
Hyundai revealed to the press that it doesn’t plan on breaking any kind of top speed records with its newest N performance line. That is because the brand mainly focuses...
by - January 18, 2018
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries