Japan's Mazda Motor Corp. recently announced a 45.4 percent increase in its net income for the fiscal year 2024, amounting to 207.70 billion Japanese yen, a substantial increase from the previous year's 142.81 billion yen. This result corresponds to earnings per share of 329.38 yen, a significant jump from the 226.52 yen reported in the prior year.
The company’s operating income also saw a rise by 76.4 percent, reaching a total of 250.50 billion yen from the previous year's 141.97 billion yen. In terms of net sales for the full year, there was an increase of 26.2 percent, ending at a total of 4.83 trillion yen from 3.83 trillion yen in the previous year.
In their projections for the upcoming fiscal year, ending March 31, 2025, Mazda expects an attributable profit decrease of 27.8 percent from the last year to 150 billion yen or 238.07 yen per share. Despite this, they anticipate a growth in operating income by 7.8 percent, amounting to 270 billion yen, and a 10.8 percent increase in net sales to a grand total of 5.35 trillion yen.
In addition, Mazda's Board of Directors has decided to pay a year-end dividend to shareholders of 35 yen per share. This includes an increase of 5 yen per share and a special dividend of 5 yen per share. Consequently, the annual dividend per share will amount to 60 yen this year, inclusive of the interim dividend of 25 yen per share.
