Mazda Motor Corp. · TSE:7261
Mazda Motor — Q1 FY March 2026 Earnings Presentation
29 slides from Mazda Motor's earnings presentation, Aug 5, 2025
Slide 1: Fiscal Year March 2026 First Quarter Financial Results
FISCAL YEAR MARCH 2026 FIRST QUARTER FINANCIAL RESULTS August 5, 2025 Mazda Motor Corporation ALL-NEW MAZDA CX-5 M A Z DA M OTO R CO R PO RAT I O N
Slide 2: Presentation Outline
PRESENTATION OUTLINE ▪Overview ▪FY March 2026 First Quarter Results ▪FY March 2026 Full Year Forecast ▪Summary Note: Net income/loss in this presentation indicates net income/loss attributable to owners of the parent M A Z DA M OTO R CO R P ORAT I ON 2
Slide 3: Overview
OVERVIEW M A Z DA M OTO R CO R P ORAT I ON 3
Slide 4: Fiscal Year Goals
FISCAL YEAR GOALS ◼ Prioritize protecting the supply chain and maintain sales volume amid a challenging business environment ◼ Continue to focus on strengthening resilience and efficiency and aim for a turnaround from the second quarter ◼ Aim for full-year operating income of ¥50.0 billion, net inco
Slide 5: Fiscal Year Measures
FISCAL YEAR MEASURES ◼ Maintain global sales volume equal to that of last year, offsetting any sales lost in the U.S. with sales in other global markets ◼ Successfully launch the all-new CX-5 and implement domestic business structural reforms ◼ Continue to reduce incentives in the U.S. and closely m
Slide 6: First Quarter Results
FY MARCH 2026 FIRST QUARTER RESULTS M A Z DA M OTO R CO R P ORAT I ON 6
Slide 7: First Quarter Volume Results
FY MARCH 2026 FIRST QUARTER VOLUME RESULTS (Thousand Units) FY March 2025 FY March 2026 Change from Prior Year 1st Quarter 1st Quarter 1st Quarter Production Volume* 300 276 -24 -8% Global Sales Volume Japan 29 32 +3 +11% North America 146 147 +1 +1% Europe 49 39 -10 -21% China 18 18 -0 -2% Other Ma
Slide 8: First Quarter Financial Metrics
FY MARCH 2026 FIRST QUARTER FINANCIAL METRICS (Billion Yen) FY March 2025 FY March 2026 Change from Prior Year 1st Quarter 1st Quarter 1st Quarter Consolidated Wholesales 291 266 -25 -9% (Thousand Units) Net Sales 1,205.6 1,099.8 -105.8 -9% Operating Income 50.4 -46.1 -96.5 - Ordinary Income 80.3 -3
Slide 9: Change in First Quarter Operating Income
CHANGE IN FY MARCH 2026 FIRST QUARTER OPERATING INCOME (vs. FY MARCH 2025 FIRST QUARTER) (Billion Yen) Gross Tariff Impact (based on volume 50.4 in prior FY) +7.0 Reduction to Tariff +20.1 Volume & Mix Foreign Exchange Cost FY March Improvement 2025 -69.7 -13.1 Raw Material, Fixed Costs, Logistics C
Slide 10: Full Year Forecast
FY MARCH 2026 FULL YEAR FORECAST M A Z DA M OTO R CO R P ORAT I ON 10
Slide 11: Full Year Volume Forecast
FY MARCH 2026 FULL YEAR VOLUME FORECAST (Thousand Units) FY March 2025 FY March 2026 Change from Prior Year Full Year Full Year Full Year Global Sales Volume Japan 152 161 +9 +6% North America 617 595 -22 -4% Europe 174 177 +3 +2% China 74 76 +2 +2% Other Markets 285 291 +5 +2% Total 1,303 1,300 -3
Slide 12: Full Year Financial Metrics
FY MARCH 2026 FULL YEAR FINANCIAL METRICS (Billion Yen) FY March 2025 FY March 2026 Change from Prior Year Full Year Full Year Full Year Consolidated Wholesales 1,219 1,192 -26 -2% (Thousand Units) Net Sales 5,018.9 4,900.0 -118.9 -2% Operating Income 186.1 50.0 -136.1 -73% Ordinary Income 189.0 53.
Slide 13: Change in Operating Income vs. FY March 2025
CHANGE IN FY MARCH 2026 OPERATING INCOME (vs. FY MARCH 2025) Gross Tariff Impact [Offset of the tariff impact] (Billion Yen) (based on volume Volume & mix incl. reduction to tariff +60.8 186.1 in prior FY) Cost improvement +40.0 Fixed Cost, Other +40.0 +60.8 Total +140.8 (60% of tariff impact of ¥23
Slide 14: Summary
SUMMARY M A Z DA M OTO R CO R P ORAT I ON 14
Slide 15: Summary
SUMMARY ◼ First Quarter Results - Despite the impact of additional tariffs, global sales remained strong - In the currently highly uncertain environment, we will focus on maximizing profitability and optimizing inventory to prepare for a turnaround ◼ Full Year Forecast - We will continue to accelera
Slide 16: Summary
SUMMARY ◼ Accelerate the profit structural reform and implement strategies flexibly and swiftly - As the timeline of electrification is changing, we will make the most of our “intentional follower for BEV” and Lean Asset strategies - We will establish a company-wide organization dedicated to the use
Slide 17: Slide 17
Slide 18: Attachment
ATTACHMENT M A Z DA M OTO R CO R P ORAT I ON 18
Slide 19: Japan
JAPAN ◼ 32,000 units were sold, up 11% year on year ◼ In the first quarter, Mazda Roadster and Large products contributed to the sales growth ◼ Market share increased by 0.1 points to 3.0%, while registered vehicle market share increased by MAZDA ROADSTER 0.5 points to 3.7% First Quarter Sales Volum
Slide 20: North America
NORTH AMERICA ◼ 147,000 units were sold, up 1% year on year ◼ Full-year sales forecast is 595,000 units, down 4% year on year ◼ USA: - 100,000 units were sold, down 2% year on year - Market share was 2.4%, down 0.1 points year on year - Sales of the CX-50 and CX-70 were up, but sales of MAZDA CX-50
Slide 21: Europe
EUROPE ◼ 39,000 units were sold, down 21% year on year ◼ Market share was 0.9%, down 0.2 points year on year ◼ Sales of the CX-60 and CX-80 increased, but sales of the discontinued Mazda2, CX-5, and MX-30, which were supplied through stockpiled inventory, declined. New MAZDA CX-5 ◼ Full-year sales f
Slide 22: China
CHINA ◼ 18,000 units were sold, on par with the previous year. Market share was 0.2%, on par with the previous year ◼ Amid an accelerating shift in demand to new energy vehicles, sales of the dedicated electrified MAZDA EZ-60 Mazda EZ-6, which debuted in October last year, First Quarter Sales Volume
Slide 23: Other Market
OTHER MARKET ◼ 65,000 units were sold, down 3% year on year ◼ Full-year sales forecast is 291,000 units, up 2% year on year ◼ Australia: - 24,000 units were sold, down 4% year on year - Market share was 7.5%, down 0.1 points year on year MAZDA CX-80 - Efforts to increase Large-platform products sale
Slide 24: First Quarter Consolidated Wholesales Results
FY MARCH 2026 FIRST QUARTER CONSOLIDATED WHOLESALES RESULTS (Thousand Units) FY March 2025 FY March 2026 Change from Prior Year 1st Quarter 1st Quarter 1st Quarter Consolidated Wholesales Japan 29 35 +6 +22% North America 154 142 -12 -8% Europe 40 30 -10 -25% Other Markets 68 58 -10 -14% 合計 Total 29
Slide 25: Full Year Consolidated Wholesales Forecast
FY MARCH 2026 FULL YEAR CONSOLIDATED WHOLESALES FORECAST (Thousand Units) FY March 2025 FY March 2026 Change from Prior Year Full Year Full Year Full Year Consolidated Wholesales Japan 136 158 +22 +16% North America 643 582 -61 -9% Europe 153 172 +18 +12% Other Markets 287 280 -6 -2% 合計 Total 1,219
Slide 26: First Quarter Cash Flow and Net Cash
FY MARCH 2026 FIRST QUARTER CASH FLOW AND NET CASH (Billion Yen) FY March 2025 FY March 2026 Full Year 1st Quarter Cash Flow from Operating Activities 305.6 -141.1 Cash Flow from Investing Activities -200.0 44.3 Free Cash Flow 105.7 -96.8 (Billion Yen) FY March 2025 FY March 2026 Change from Full Ye
Slide 27: Exchange Rates (Averages During the Year)
EXCHANGE RATES (AVERAGES DURING THE YEAR) Change from (Yen) FY March 2025 FY March 2026 Prior Year Full Year Full Year Full Year US Dollar 153 145 -8 Euro 164 169 +5 Canadian Dollar 110 106 -4 Australian Dollar 100 94 -5 British Pound 195 197 +2 Thai Baht 4.38 4.37 -0.01 Mexico Peso 8.02 7.64 -0.38
Slide 28: Dividend Payment
DIVIDEND PAYMENT Interim Dividend Year-end Dividend Special Dividend 60 5 55 55 Year-end Dividend To Be 45 Determined 35 35 35 35 30 30 30 25 20 20 20 20 20 15 25 25 25 20 20 15 15 15 15 15 0 FY March 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Forecast M A Z DA M OTO R CO R P ORAT I ON 2
Slide 29: Disclaimer
DISCLAIMER The projections and future strategies shown in this presentation are based on various uncertainties including but not limited to conditions of the world economy in the future, trends in the automotive industry, and the risk of exchange rate fluctuations. Consequently, Mazda's actual perfo