Mazda Reports Operating Profit Rise of 31 Percent for the First Nine Months of FiscaI Year 2005.Tokyo, Japan, Feb 10, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Mazda Motor Corporation today announced financial results for the first nine months of fiscal year (FY) 2005 and a revision of the full year forecast for FY2005. Highlights: - Consolidated operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. up 31 percent to 83.7 billion yen. - Consolidated net income up 58 percent to 41.3 billion yen. Full Year Highlight: - Full-year consolidated operating profit outlook revised upwards to 118 billion yen. For the first nine months of FY2005, Mazda's worldwide wholesales were 834,000 units, up 3 percent compared to the same period last year. Sales revenues increased 4 percent year-on-year to 2.09 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen reflecting strong global demand for the Mazda3 and Mazda5. Operating profit for the year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. period was 83.7 billion yen, a year-on-year increase of 31 percent, while net income was 41.3 billion yen, up 58 percent over FY2005. The improved operating results reflect higher revenues, more favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. exchange rates and further cost reductions. Full-year Projections for FY 2005 Mazda projects a 4 percent rise in global wholesales to 1.15 million units and a 7 percent increase in global revenues to 2.89 trillion yen in FY 2005. Full-year operating profit is expected to climb 42 percent to 118 billion yen, while net income is forecast to grow by 31 percent to 60 billion yen. "Our results for the first nine months put us on track to achieve record profit levels for a second consecutive year", said Gideon Wolthers, Mazda's Representative Director and Chief Financial Officer. "Our new MPV (MusicPhotoVideo) A playlist standard for music, image and video collections introduced in 2002 by the Optical Storage Technology Association (OSTA). An "MPV Writer" is software that creates the playlist, and an "MPV Reader" is software that can discover and read it. and CX-7 models will also assist in building a solid foundation for growth under Mazda Momentum, our mid-term plan." FY2005 first Nine Months Financial Results (Dollar/Euro Equivalent)
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Unit: millions
Yen US$ Euro
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Revenue 2,093,400 17,730.2 14,972.1
Operating profit 83,700 708.9 598.6
Net income 41,300 349.8 295.4
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Notes: Financial Results -Dollar equivalents compiled at 118.07 yen to the dollar (Exchange rate prevailing on Dec. 30, 2005). -Euro equivalents compiled at 139.82 yen to the Euro (Exchange rate prevailing on Dec. 30, 2005). Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the The projections for FY2005 and future outlook mentioned in this press release are based on various uncertainties including conditions of the world economy in the future, automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. trends and the risk of exchange rate fluctuations. Note that neither Mazda nor any third party providing information shall be responsible for any damage an individual may suffer due to investment in Mazda based on the information contained in this press release. Go to "Investors Relations" at the Mazda Official Website www.mazda.com/investors/ for additional financial information. About Mazda Motor Corporation Mazda Motor Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7261) started manufacturing tools in 1929 and soon branched out into production of trucks for commercial use. In the early 1960s, Mazda launched its first passenger car models and began developing rotary engines rotary engine, internal-combustion engine whose cycle is similar to that of a piston engine, but which produces rotary motion directly without any conversion from reciprocating motion. . Still headquartered in Hiroshima in western Japan, Mazda today ranks as one of Japan's leading automakers, and exports cars to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe for over 30 years. Overseas sales account for more than half of total turnover. Mazda has two main production sites in Japan and 19 overseas facilities. Overseas sites include joint ventures based in the United States, and in Thailand with Ford Motor Company, Mazda's largest shareholder. Source: Mazda Motor Corporation Contact: Mazda Motor Corporation Mr K. Yoshitake yoshitake.k@tky.mazda.co.jp +81-82-282-1111 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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