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Mazda Motor, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 15%

Tue Feb 10, 2026 1:30 pm JST Earnings

7261 Mazda Motor Corporation 【J-GAAP】

Earnings Report

Mazda Motor Corporation <7261> [TSE Prime] announced its financial results in the afternoon session on February 10th (13:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 76.1% from the same period last year to 37.4 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 14.7%, from the previous forecast of 68.0 billion yen to 78.0 billion yen (compared to 188 billion yen in the previous period), and the declining rate is expected to decrease from 64.0% to 58.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 11.2%, from the previous forecast of 89.2 billion yen to 99.2 billion yen (compared to 105 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 15.3% to 5.9%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 58.7 billion yen, a 19.9% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 2.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 3,566,488 200,202 238,998 165,492 262.7 74.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 3,689,419 148,254 156,769 90,579 143.7 82.9 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 3,501,499 -23,120 37,419 -14,710 -23.3 48.0 Feb 10, 2026 J-GAAP
YoY -5.1% － -76.1% － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 2,661,537 103,879 89,294 65,284 103.5 30 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 2,581,537 103,879 99,294 65,284 103.5 30 Feb 10, 2026 J-GAAP
Revision Rate -3.0% 0.0% +11.2% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 4,900,000 50,000 68,000 20,000 31.7 55 Nov 7, 2025 J-GAAP
Mar, 2026 New 4,820,000 50,000 78,000 20,000 31.7 55 Feb 10, 2026 J-GAAP
Revision Rate -1.6% 0.0% +14.7% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 2,624,974 83,077 105,483 78,745 124.9 30 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 2,581,537 103,879 99,294 65,284 103.5 30 Feb 10, 2026 J-GAAP
YoY -1.7% +25.0% -5.9% -17.1% -17.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,827,662 250,503 320,120 207,696 329.7 60 May 10, 2024 J-GAAP
Mar, 2025 5,018,893 186,125 188,996 114,079 181.0 55 May 12, 2025 J-GAAP
Mar, 2026 Guidance 4,820,000 50,000 78,000 20,000 31.7 55 Feb 10, 2026 J-GAAP
YoY -4.0% -73.1% -58.7% -82.5% -82.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,295,500 45,206 73,256 55,245 87.7 3.5 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 1,329,474 37,871 32,227 23,500 37.3 2.8 May 12, 2025 J-GAAP
Apr - Jun, 2025 1,099,770 -46,115 -34,255 -42,104 -66.8 -4.2 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 1,138,693 -7,764 12,961 -3,180 -5.0 -0.7 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 1,263,036 30,759 58,713 30,574 48.5 2.4 Feb 10, 2026 J-GAAP
YoY -2.5% -32.0% -19.9% -44.7% -44.7%

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