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Mazda Motor fiscal Q4 profit climbs YOY

Mazda Motor Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥52.05 per share, an increase from ¥51.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥31.12 billion, an increase from ¥30.75 billion in the year-earlier period.

The normalized profit margin dropped to 3.7% from 4.1% in the year-earlier period.

Total revenue climbed 11.7% on an annual basis to ¥840.35 billion from ¥751.99 billion, and total operating expenses rose 13.7% year over year to ¥789.45 billion from ¥694.47 billion.

Reported net income decreased 53.1% year over year to ¥27.34 billion, or ¥45.74 per share, from ¥58.28 billion, or ¥97.49 per share.

For the year, the company's normalized net income totaled ¥217.46 per share, a gain of 44.3% from ¥150.72 per share in the prior year.

Normalized net income was ¥130.00 billion, a rise of 44.3% from ¥90.11 billion in the prior year.

Full-year total revenue grew 12.7% from the prior-year period to ¥3.034 trillion from ¥2.692 trillion, and total operating expenses rose 12.8% on an annual basis to ¥2.831 trillion from ¥2.510 trillion.

The company said reported net income grew 17.0% year over year to ¥158.81 billion, or ¥265.64 per share, in the full year, from ¥135.70 billion, or ¥226.99 per share.

As of June 24, US$1 was equivalent to ¥124.31.