Mazda final profit revised downward Car sales drastically reduced due to the impact of the new Corona 17:31 on May 12
Mazda revised its earnings forecast for the fiscal year ending March 31, 2015 downward due to the significant decrease in vehicle sales worldwide due to the spread of the new coronavirus, and the final profit It was announced that it would remain at 12.1 billion yen, which is 70% less than expected.
Mazda made a second downward revision to its earnings forecast for the fiscal year ending in March, continuing from November last year, and sales were down 2% from the previous forecast to 3,043.2 billion yen, with a final profit of 71.9%. We expect it to be a small ¥ 12.1 billion.
The main reason for the downward revision is that the sales of cars are declining worldwide due to the spread of the new coronavirus infection, and the tax paid in advance is expected to return in anticipation of future profits as the business performance deteriorates. This is because the deferred tax assets that had been posted were reviewed.
Since late March, Mazda has been continuing production adjustments that temporarily suspend the operation of domestic and overseas plants, and the impact is becoming longer.
Due to the new coronavirus, many domestic companies, including other automobile manufacturers, have been forced to revise their business performance.