Mazda final profit 80% decrease, the financial results for the fiscal year ending in March, due to the impact of the new corona 15:58 on May 14
Mazda's report In the fiscal year ended March 31, the final profit decreased by 80% compared to the previous year due to the decrease in car sales worldwide due to the spread of new coronavirus infection. For the three months from January to March, the final loss was over 20 billion yen.
Mazda announced on March 14 that the sales for the fiscal year ended March 31, 2011 were 3.83 trillion yen, 3.8% lower than the previous year, and the final profit was 81.2%, 12.1 billion yen.
For the three months from January to March, the final loss was 20.3 billion yen.
In addition to the yen appreciating more than expected in the foreign exchange market, sales were lower than expected due to the spread of new coronavirus infections.
On the other hand, the business results for the next fiscal year are undecided because it is difficult to predict due to the spread of new coronavirus infection.
Ryo Koga, Senior Managing Executive Officer of Mazda, said in a conference call over the phone, "The future is uncertain due to the new coronavirus, but the core of the activity is to protect the employment and life of employees and business partners. We will continue to make adjustments, but we would like to reduce accumulated inventory and prepare for production and sales so that we do not miss any signs of recovery in demand worldwide. "