Mazda logs 60% jump in Q2 net income to JPY19.53 billion

Article by Anita Panait, on November 2, 2013

Mazda Motor Corp. posted a 60-percent jump in net income in its fiscal second quarter ended Sept. 30, 2013 to JPY19.53 billion ($198.5 million), on a 24-percent surge in revenue to $6.5 billion. The Japanese carmaker also logged a fourfold increase in operating profits to $381.3, boosted by a $316.6 million currency gain.

Mazda also managed to more than quadruple its net income in its fiscal first half ended Sept. 30, 2013, to $2.54 billion, with revenue surging 23 percent to $12.77 billion. The carmaker benefited significantly from a favorable yen exchange rate since it is highly dependent on exports from Japan.

In the April-September 2013 period, Mazda had an average transaction rate of JPY88 to the dollar, compared to JPY79 to the dollar a year earlier. This means that for every dollar received from sales, Mazda booked JPY88 yen in revenue in the recent fiscal first half, compared to JPY79 a year earlier.

The Japanese carmaker managed to sharply reduce its operating loss in North America to $25.7 million in the first half of this fiscal year, from $264 million in the same period in previous fiscal year.

The carmaker saw its operating income in Europe in the fiscal first half rise more than tenfold to $39.2 from $3.6 million a year earlier. Mazda also managed to more than double its operating income in Japan to $698.4 million. Mazda sold 631,000 units around the world in the fiscal first half, reflecting a 3 percent rise.

The Mazda CX-5 denotes the dawning of a new period for Mazda. It is the first of a fresh generation of cars, a compact crossover SUV that epitomizes a symmetry between the best of all worlds: enjoyable, safe and efficient, all in an extremely compelling bundle.

CX-5 epitomizes the most recent advancements to the organization's emphasis on Jinba Ittai, the feeling of oneness between the vehicle and driver known from the quintessential MX-5. As the first Mazda to highlight the whole range of all-new SKYACTIV innovation for more proficient, more fun and all the more environmentally-friendly lightweight vehicles, the Mazda CX-5 makes ready for a new generation of Mazda cars.

Created using Mazda's exclusive breakthrough method to vehicle design, engineering and manufacturing, SKYACTIV's makers effectively settled conflicting targets to come up with a line of engines, transmissions, bodies and chassis that give clients a new level of value.

Developers of this exceptional new model concentrated on four key values. Hence, the Mazda CX-5's alluring, emotional design as well as its interior functionality and craftsmanship. Sustainability, likewise, was a top objective, both as far as the car’s environmental imprint as well as safety are concerned. The strikingly responsive yet unsurprising driving dynamics, finally, were compulsory for Mazda's most recent model.

The Mazda CX-5's exclusive SKYACTIV powertrains convey every single one of the qualities that make a car fun to drive and to own: more torque, better responsiveness and better fuel mileage. The most recent edition of Sustainable Zoom-Zoom is a car that does accurately what the driver wants and responds precisely as one would expect.

Topics: mazda, income

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