Copyright FOURIN, Inc. 2023
Mazda Motor’s Global Financial Results in FY 2022
Mazda Motor’s consolidated financial results for FY 2022 were as follows: sales increased 22.6% year-on-year to 3.8 trillion JPY, operating income went up 36.2% year-on-year to 142.0 billion JPY and net income reached 142.8 billion JPY. Although production and shipment scale decreased due to the COVID-19 lockdown in Shanghai, shortages of semiconductors and car transport ships, and soaring raw material prices and logistics costs, Mazda improved its earnings base by addressing semiconductor shortages through design changes, improving unit prices, controlling sales costs, reducing production costs and streamlining fixed costs.
Global retail sales volume decreased by 11.3% year-on-year to 1.11 million units due to decreased production triggered by the supply shortage of semiconductors in the first half of the year and shortage of shipping vessels. In Japan, sales increased driven by the CX- 60, CX-5 and Roadster models. In the United States, sales of SUV products such as the CX-50 and CX-30 contributed to an increase in sales despite the impact of production cuts in the first half.