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Mazda Motor fiscal Q3 profit falls YOY

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Mazda Motor fiscal Q3 profit falls YOY

Mazda Motor Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥54.31 per share, a decline of 10.1% from ¥60.39 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥32.46 billion, a decline of 10.1% from ¥36.10 billion in the year-earlier period.

The normalized profit margin declined to 4.4% from 5.3% in the year-earlier period.

Total revenue rose 7.8% year over year to ¥739.69 billion from ¥685.93 billion, and total operating expenses rose 8.9% from the prior-year period to ¥691.67 billion from ¥635.30 billion.

Reported net income fell 27.2% on an annual basis to ¥38.16 billion, or ¥63.82 per share, from ¥52.43 billion, or ¥87.70 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.