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MazdaMazda Motor Corporation7261東証プライム輸送用機器FY ending Mar 2026, consolidated, J-GAAP

Mazda FY ending Mar 2026 results

About 59% of Mazda's sales come from North America, with Japan and Europe making up much of the rest.

Out of every ¥100 of sales, about ¥1 is left as operating profit.

Revenue changed -2.0% from the prior year, operating profit -72.3%.

Revenue and profit pattern

Revenue and profit down

Revenue -2.0% · profit -72.3%, calculated from disclosed figures.

Operating leverage: 36.02× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-2.0%¥5.02T → ¥4.92T
Gross profit
-17.8%¥1.08T → ¥886.4B
Operating income
-72.3%¥186.1B → ¥51.6B
Net income attributable to owners
-69.2%¥114.1B → ¥35.1B
Operating cash flow
-99.9%¥305.6B → ¥223M
Free cash flow
-162.5%¥177.4B → -¥110.9B

Results at a glance

  • Revenue for FY ending Mar 2026 slipped 2.0% to ¥4.92T, from ¥5.02T a year earlier.
  • Profits fell much harder: operating income went from ¥186.1B to ¥51.6B (-72.3%), and net income from ¥114.1B to ¥35.1B (-69.2%).
  • The Japan segment posted an operating loss of ¥161.8B, while North America earned ¥167.5B and kept the group in the black.
  • Operating cash flow shrank to ¥223M, and free cash flow was -¥110.9B.

What drove the change

  • Higher US tariffs were the biggest drag on operating income.
  • Mazda cut US sales of its Mexico-built compact SUV, which carried a heavy tariff, so shipments fell.
  • Rising raw material costs also hurt, while cost cuts and leaner fixed costs offset part of the decline.
  • In North America, a push on larger SUVs and revised pricing lifted operating income from the year before.

Things to watch

  • Changes to tariffs and other trade rules can swing profits for a business that exports heavily.
  • Mazda may not be able to pass rising material, logistics and energy costs on to buyers.
  • Currency moves affect both earnings and shareholders' equity.

Annual Securities Report (160th term) / Management's analysis of financial position, results and cash flows · Annual Securities Report (160th term) / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Mazda sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥82
SG&A
¥17
Operating profit
¥1
Net profit kept
¥1

Annual margin trends

Gross margin18.0%
FY ending Mar 2021: 21.3%21.3%FY ending Mar 2022: 22.0%22.0%FY ending Mar 2023: 20.9%20.9%FY ending Mar 2024: 21.5%21.5%FY ending Mar 2025: 21.5%21.5%FY ending Mar 2026: 18.0%18.0%FY21FY22FY23FY24FY25FY26
Operating margin1.0%
FY ending Mar 2021: 0.3%0.3%FY ending Mar 2022: 3.3%3.3%FY ending Mar 2023: 3.7%3.7%FY ending Mar 2024: 5.2%5.2%FY ending Mar 2025: 3.7%3.7%FY ending Mar 2026: 1.0%1.0%FY21FY22FY23FY24FY25FY26
Net margin0.7%
FY ending Mar 2021: -1.1%-1.1%FY ending Mar 2022: 2.6%2.6%FY ending Mar 2023: 3.7%3.7%FY ending Mar 2024: 4.3%4.3%FY ending Mar 2025: 2.3%2.3%FY ending Mar 2026: 0.7%0.7%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (10)

  • EDINET (FSA Japan)

    有価証券報告書－第160期(2025/04/01－2026/03/31)

    ID S100YDZ12026-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第159期(2024/04/01－2025/03/31)

    ID S100VZ6C2025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第158期(2023/04/01－2024/03/31)

    ID S100TN272024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第157期(2022/04/01－2023/03/31)

    ID S100R5G12023-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第156期(令和3年4月1日－令和4年3月31日)

    ID S100OA732022-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第155期(令和2年4月1日－令和3年3月31日)

    ID S100LM102021-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第154期(平成31年4月1日－令和2年3月31日)

    ID S100IS9D2020-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第153期(平成30年4月1日－平成31年3月31日)

    ID S100G2HN2019-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第152期(平成29年4月1日－平成30年3月31日)

    ID S100DCGT2018-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第151期(2016/04/01－2017/03/31)

    ID S100AI2C2017-06-29Open

Extracted from XBRL: 55 / Derived from other figures: 2

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