Mazda's interim settlement of accounts final loss of over 90 billion yen on November 9, 16:15
Mazda's semi-annual financial results for the six months to September were in the red with a final loss of over 90 billion yen due to a drop in sales due to the spread of the new coronavirus infection.
According to the six-month interim results announced by Mazda on the 9th, sales of the entire group decreased by 34.6% from the same period of the previous year to 1,115.7 billion yen, and the final profit and loss was 93 billion yen.
The main reason for this is that sales of new cars fell sharply, especially in the first quarter from April to June, due to the impact of the new coronavirus.
Although we are working to reduce expenses such as advertising expenses and R & D expenses, we expect a final deficit of 90 billion yen for this year's business results.
President Akira Marumoto said in a telephone interview, "Although the global sales volume will decrease by 20% due to the influence of the new coronavirus, we still want to aim for a corporate structure that can aim for profitability."
Meanwhile, Mazda has announced plans to sell new models using the hybrid technology of Toyota Motor Corporation, which it has a tie-up with, in the United States, Europe and China in order to comply with the stricter environmental regulations in the world.
Especially in Europe, the policy is to further strengthen collaboration by selling Toyota hybrid vehicles under the Mazda brand.