Mazda Motor Corporation announced on Friday record profits of 207.7 billion yen (€1.3 billion) for the fiscal year ended in March 2024, representing a 45% increase compared to the previous fiscal year.
The Japanese automaker also stated that in the fiscal year from April 2023 to March 31, 2024, operating profit also rose by 76%, to 250.5 billion yen (€1.59 billion).
Mazda’s global sales volume reached 1,241,000 vehicles, a 12% increase from the previous year. Mazda clarified that with a greater focus on sales recovery, cost reduction, and improving variable profitability, the performance resulted in net sales of 4,827.7 billion yen (€30.7 billion), a 26% increase from the previous year.
North America remained Mazda’s largest region in the just-ended fiscal year, with 514,000 units sold (+26% compared to the previous fiscal year).
In Japan, Mazda’s domestic market, 160,000 units were sold (-3% year-on-year), while in China, the brand’s largest market in Asia, 97,000 units were sold (+15% year-on-year).
In Europe, sales increased by 13%, reaching 180,000 units, a growth that the brand expects to continue driven by the newly launched Mazda2 Hybrid and the brand new Mazda CX-80, which will hit markets by the end of this year.
For the current Fiscal Year, which will end on March 31, 2025, Mazda’s forecasts point to global sales of 1,400,000 units.
