AutoBeta(AutoBeta.net)05/17 Report--

Recently, Mazda released its financial report for fiscal year 2021 (April 2020 to March 2021) and financial forecast for fiscal year 2021 (April 2021 to March 2022). According to the report, net sales of Mazda in fiscal 2021 were 2.88 trillion yen, down 16% from fiscal 2020; operating profit was 8.82 billion yen, down 79.8% from a year earlier; net profit loss was 31.65 billion yen, while net profit in fiscal year 2020 was 12.13 billion yen.

The loss of Mazda has a lot to do with the sharp decline in sales. Due to the impact of the epidemic, Mazda sales declined in Japan, Europe, Southeast Asia and other countries, resulting in a 9.3% year-on-year decline in global Mazda sales in fiscal year 2021 to 1287000 vehicles.

Specifically, Mazda sold 176000 vehicles in Japan, down 12.9% from the same period last year; the Association of Southeast Asian Nations sold 301000 vehicles, down 12.7% from the same period last year; and 403000 vehicles were sold in North America, up 7% from the same period last year. Among them, sales in the United States increased by 7.0% to 295000 vehicles, while sales in Canada and Mexico declined. Total European sales fell 32.3 per cent year-on-year to 178000 vehicles, while sales in key European markets such as Germany and the UK fell sharply; Australia sold 93000 vehicles, up 2.8 per cent from a year earlier.

Compared with the above, Mazda has performed better in the Chinese market. In fiscal year 2021, Mazda sold 228000 vehicles in China, an increase of 7.8% over the same period last year, the highest growth rate of all markets, mainly due to hot sales of CX-4, Mazda 3 Uncera, CX-5 and other models.

We don't know the exact sales composition of the two joint ventures, but according to sales data released by Mazda China in 2020, Changan Mazda provides most of the sales support. It is understood that the cumulative sales of Mazda in China in 2020 was 214574 vehicles, down 5.79% from the same period last year. Among them, Changan Mazda sold 136667 vehicles for the whole year, up 0.24% from the same period last year; FAW Mazda sold 77907 vehicles, down 14.78% from the same period last year.

The performance of FAW Mazda, one of the joint ventures, seriously depressed the sales of the Mazda brand in China in 2020. Since August 2020, Changan Mazda has sold twice as much as FAW Mazda, and this polarization will continue in the next few months until the end of 2020.

Due to the serious drag on FAW Mazda sales, it was reported on the Internet that FAW Group, Mazda and Changan Automobile were in negotiations, and the three parties planned to merge the business related to the Mazda brand being carried out by FAW Mazda Automobile sales Co., Ltd. into Changan Mazda Automobile Co., Ltd. However, the news was quickly denied.

Looking ahead to fiscal year 2022, Mazda expects net sales to rise 18 per cent year-on-year to 3.4 trillion yen in fiscal 2022 (April 1, 2021 to March 31, 2022); operating profit will rise 637 per cent to 65 billion yen; and net profit will be 35 billion yen. Mazda said it expected chip shortages in fiscal 2022 to affect global production of about 100000 vehicles, but said in an earnings statement that it would make full use of existing inventories to reduce the impact on about 70, 000 wholesale orders.

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