Consolidated Financial Results For the First Half of the Fiscal Year Ending March 31, 2013 (For the Six Months Ended September 30, 2012) Prepared in Conformity with Generally Accepted Accounting Principles in Japan English Translation from the Original Japanese-Language Document October 31, 2012 Company Name : Mazda Motor Corporation (Tokyo Stock Exchange / Code No. 7261) URL : http://www.mazda.co.jp Representative Person : Takashi Yamanouchi, Representative Director, President and CEO Contact Person : Shinji Maeda, General Manager, Accounting Department, Financial Services Division Phone 082-282-1111 Filing of Shihannki Hokokusho, statutory interim business and financial report : Scheduled for November 14, 2012 Payment of Dividends : - Supplementary Material : Yes Briefing Session : Yes (Intended for securities analysts, institutional investors and media) (in Japanese yen rounded to millions, except amounts per share) 1. Consolidated Financial Highlights (April 1, 2012 through September 30, 2012) (1) Consolidated Financial Results (Changes in net sales, operating income, ordinary income, and net income from the previous period are shown in percentage.) Net Sales millions of yen % millions of yen % millions of yen % millions of yen % FY2013 1st Half FY2012 1st Half Note: Comprehensive income/(loss) FY2013 1st Half millions of yen ( - % ) FY2012 1st Half millions of yen ( - %) yen yen FY2013 1st Half FY2012 1st Half (2) Consolidated Financial Position Total Assets Equity Equity Ratio As of millions of yen millions of yen % September 30, 2012 March 31, 2012 Notes on equity and equity ratio: 1) Equity for calculation of equity ratio: As of September 30, 2012 millions of yen As of March 31, 2012 millions of yen 2) Presentation of the minority interests in consolidated subsidiaries: The minority interests are presented as a separate component of the equity. However, the minority interests are excluded from the calculation of the equity ratio. 3) Recognition of the stock acquisition rights in the equity: The fair value of stock option is recognized, as stock acquisition rights, in the equity as a separate component for the amounts amortized in expense. However, the stock acquisition rights are excluded from the calculation of the equity ratio. 2. Dividends 1st. Qtr. 2nd. Qtr. 3rd. Qtr. Year End Full-Year yen yen yen yen yen FY2012 FY2013 FY2013 (Forecast) Note: The dividend forecast remains unchanged from the prior forecast that was released on April 27, 2012. 3. Consolidated Financial Forecast (April 1, 2012 through March 31, 2013) (Changes in sales, operating income, ordinary income, and net income from the previous periods are shown in percentage.) millions of yen % millions of yen % millions of yen % millions of yen % yen FY2013 Full Year Note: The financial forecast for FY2013 has been changed from the prior forecast that was released on April 27, 2012. 478,601 468,854 8,982 (36,554) 1,814,631 1,915,943 0.00 - Operating - - 0.00 0.00 0.00 - 486,358 26.4 24.5 Net Income/(Loss) - 0.00 0.00 Net Income/(Loss) Per Share (17.1) Net Income/(Loss) Per Share 474,429 - Net Income Per Share (Diluted) 1.92 (22.53) Income/(Loss) Ordinary - 10,000 Dividends Per Share - 6.7 - Net sales 2,170,000 - 3.35 15,000 25,000 1,023,503 959,162 6.7 - (21,636) 441 Income/(Loss) - Operating Income/(Loss) Ordinary Income/(Loss) Net Income/(Loss) - - (30,610) - 11,475 5,744 (39,879)
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Consolidated Financial ResultsFor the First Half of the Fiscal Year Ending March 31, 2013
(For the Six Months Ended September 30, 2012)
Prepared in Conformity with Generally Accepted Accounting Principles in Japan
English Translation from the Original Japanese-Language DocumentOctober 31, 2012
Company Name : Mazda Motor Corporation (Tokyo Stock Exchange / Code No. 7261)URL : http://www.mazda.co.jpRepresentative Person : Takashi Yamanouchi, Representative Director, President and CEOContact Person : Shinji Maeda, General Manager, Accounting Department, Financial Services Division
Phone 082-282-1111Filing of Shihannki Hokokusho, statutoryinterim business and financial report : Scheduled for November 14, 2012Payment of Dividends : -Supplementary Material : YesBriefing Session : Yes (Intended for securities analysts, institutional investors and media)
(in Japanese yen rounded to millions, except amounts per share)
1. Consolidated Financial Highlights (April 1, 2012 through September 30, 2012)(1) Consolidated Financial Results
(Changes in net sales, operating income, ordinary income, and net income from the previous period are shown in percentage.)
Net Sales
millions of yen % millions of yen % millions of yen % millions of yen %
FY2013 1st Half
FY2012 1st Half
Note: Comprehensive income/(loss) FY2013 1st Half millions of yen ( - % )
FY2012 1st Half millions of yen ( - % )
yen yen
FY2013 1st HalfFY2012 1st Half
(2) Consolidated Financial Position
Total Assets Equity Equity Ratio
As of millions of yen millions of yen %
September 30, 2012
March 31, 2012
Notes on equity and equity ratio:
1) Equity for calculation of equity ratio: As of September 30, 2012 millions of yen
As of March 31, 2012 millions of yen
2) Presentation of the minority interests in consolidated subsidiaries: The minority interests are presented as a separate component
of the equity. However, the minority interests are excluded from the calculation of the equity ratio.
3) Recognition of the stock acquisition rights in the equity: The fair value of stock option is recognized, as stock acquisition rights,
in the equity as a separate component for the amounts amortized in expense. However, the stock acquisition rights are excluded
from the calculation of the equity ratio.
2. Dividends
1st. Qtr. 2nd. Qtr. 3rd. Qtr. Year End Full-Year
yen yen yen yen yen
FY2012
FY2013 -FY2013 (Forecast) -
Note: The dividend forecast remains unchanged from the prior forecast that was released on April 27, 2012.
3. Consolidated Financial Forecast (April 1, 2012 through March 31, 2013)(Changes in sales, operating income, ordinary income, and net income from the previous periods are shown in percentage.)
millions of yen % millions of yen % millions of yen % millions of yen % yen
FY2013 Full Year
Note: The financial forecast for FY2013 has been changed from the prior forecast that was released on April 27, 2012.
478,601
468,854
8,982
(36,554)
1,814,631
1,915,943
0.00
-
Operating
-
-
0.00
0.00
0.00
-
486,358 26.4
24.5
Net Income/(Loss)
- 0.00
0.00
Net Income/(Loss)Per Share
(17.1)
Net Income/(Loss)
Per Share
474,429
-
Net Income
Per Share (Diluted)
1.92(22.53)
Income/(Loss)Ordinary
-
10,000
Dividends Per Share
-6.7 -
Net sales
2,170,000 - 3.3515,00025,000
1,023,503
959,162
6.7 -
(21,636)
441
Income/(Loss)
-
Operating Income/(Loss) Ordinary Income/(Loss) Net Income/(Loss)
-
-(30,610) -
11,475 5,744
(39,879)
Notes:
(1) Changes in Significant Subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope
Extraordinary profitsGain on sales of tangible fixed assets 123 288Gain on sales of subsidiaries and affiliates' stocks - 9,574Other 198 766
Total 321 10,628
Extraordinary lossesLoss on retirement and sale of tangible fixed assets 1,341 1,276Loss on impairment of fixed assets 665 328Loss on disaster 3,653 -Business restructuring costs - 1,132Other 721 1,053
Total 6,380 3,789
Income/(loss) before income taxes (36,669) 7,280
Income taxesCurrent 6,632 8,567Prior year (2,158) -Deferred (1,290) (7,110)
Total 3,184 1,457
Income/(loss) before minority interests (39,853) 5,823
Minority interests in consolidated subsidiaries 26 79
Net income/(loss) (39,879) 5,744
(Millions of Yen)
FY2013
September 30, 2012
FY2012
September 30, 2011
- 8 -
Consolidated Statement of Comprehensive Income
For the first half ended
Income/(loss) before minority interests (39,853) 5,823
Other comprehensive income/(loss)
Net unrealized gain/(loss) on available-for-sale securities 10 (405)
Extraordinary profitsGain on sales of tangible fixed assets 106 75Gain on sales of subsidiaries and affiliates' stocks - 9,574Gain on reversal of subscription rights to shares 194 -
Total 300 9,649
Extraordinary lossesLoss on retirement and sale of tangible fixed assets 558 804Loss on valuation of investment securities - 697Loss on impairment of fixed assets 280 311Loss on abolishment of retirement benefit plan 662 -Other 59 216
Total 1,559 2,028
Income/(loss) before income taxes (6,028) 16,941
Income taxesCurrent 3,187 5,036Deferred 5,124 (375)
Total 8,311 4,661
Income/(loss) before minority interests (14,339) 12,280
Minority interests in consolidated subsidiaries (3) 77
Net income/(loss) (14,336) 12,203
(Millions of Yen)
FY2012 FY2013
September 30, 2011 September 30, 2012
- 10 -
Consolidated Statement of Comprehensive Income
For the three months ended
Income/(loss) before minority interests (14,339) 12,280
Other comprehensive income/(loss)
Net unrealized gain on available-for-sale securities 140 161
Net gain/(loss) on derivative instruments 6,087 (2,364)
Notes: 1. The adjustment on segment income/(loss) are eliminations of inter-segment transactions.
2. Segment income/(loss) is reconciled with the operating income/(loss) in the consolidated statement of operationsfor FY2012 first half ended September 30, 2011.
2) Impairment Loss on Fixed Assets and Goodwill by Reportable Segment
In FY2012 first half ended September 30, 2011, impairment losses on fixed assets, gains from negative goodwill and changesin the amount of goodwill, that were material, were not recognized.
II. FY2013 First Half (April 1, 2012 through September 30, 2012)
1) Sales and Income or Loss by Reportable Segments
Reportable Segments
FY2013 First Half North Other Adjustment Consolidated
Ended September 30, 2012 Japan America Europe areas Total (Note 1) (Note 2)
Notes: 1. The adjustment on segment income/(loss) are eliminations of inter-segment transactions.
2. Segment income/(loss) is reconciled with the operating income/(loss) in the consolidated statement of operationsfor FY2013 first half ended September 30, 2012.
2) Impairment Loss on Fixed Assets and Goodwill by Reportable Segment
In FY2013 first half ended September 30, 2012, impairment losses on fixed assets, gains from negative goodwill and changesin the amount of goodwill, that were material, were not recognized.
(Millions of Yen)
(Millions of Yen)
- 13 -
3) Changes in Reportable Segments
(Significant Changes in calculation for segment income or loss)
(7) Changes in Consolidation Scope and Application of Equity Method
(Changes in scope of consolidation)
(Changes in scope of equity method)
(8) Additional Information
(Adoption of Consolidated taxation system)
From the first quarter of Fiscal Year ending March 31, 2013, Mazda has changed its useful lives for most of
tangible fixed assets and residual values for all of the tangible fixed assets. As a results, segment income of
"Japan" for the first half of Fiscal Year ending March 31, 2013 increased by 2,616 million yen.
In addition, from the first quarter of Fiscal Year ending March 31, 2013, domestic consolidated subsidiaries
grouped in "Japan" segment have changed the depreciation method based on the reform amendment tax law.
The effect of this change on segment income for the first half of Fiscal Year ending March 31, 2013 was
immaterial.
In detail, please refer to "(2) Changes in accounting policies / Changes in accounting estimates /
Restatement" on Page 4.
From the first quarter of Fiscal Year ending March 31, 2013, Logistics Alliance (Thailand) Co., Ltd. and
Kurashiki Kako (Dalian) Co., Ltd. were included in the scope of consolidation due to increase in their
materiality.
From the second quarter of Fiscal Year ending March 31, 2013, Toyo Advanced Technologies Co., Ltd. and
its subsidiary company of Microtechno Corporation were excluded from the scope of consolidation due to
sale of a part of shares in Toyo Advanced Technologies Co., Ltd. In addition, Mazda Motor Manufacturing
Rus, OOO, whose company name was changed to MAZDA SOLLERS Manufacturing Rus LLC, was
excluded from the scope of consolidation due to decrease in the ratio of voting right with an allocation of
new shares to a third party.
From the first quarter of Fiscal Year ending March 31, 2013, Consolidated taxation system has been adopted.
From the second quarter of Fiscal Year ending March 31, 2013, Toyo Advanced Technologies Co., Ltd. was
included in the equity method-applied affiliate due to sale of a part of shares. In addition, MAZDA
SOLLERS Manufacturing Rus LLC was included in the equity method-applied affiliate due to an allocation
of new shares to a third party.
- 14-
4. Supplementary Information
Production and Sales Information
a) Production Volume
units units units
Passenger cars 401,119 404,947 3,828
Trucks 8,274 7,505 (769)
Total 409,393 412,452 3,059
Note: Production volume figures do not include those Mazda-brand vehicles produced by the following
joint venture assembly plants with Ford Motor Company (that are accounted for by the equity method):
AutoAlliance International, Inc. 16,411 units 29,331 units 12,920 units
AutoAlliance (Thailand) Co., Ltd. 39,989 units 52,887 units 12,898 units
b) Sales by Reportable Segment
millions of yen millions of yen millions of yen418,643 401,696 (16,947)
239,042 293,514 54,472
157,544 138,613 (18,931)
143,933 189,680 45,747
959,162 1,023,503 64,341
Note: Inter-segment transactions are eliminated from the sales figures shown in the above table.
c) Sales by Product Type
units millions of yen units millions of yen units millions of yen
469,674 690,314 501,668 792,622 31,994 102,308
- 53,618 - 33,072 - (20,546)
- 100,334 - 94,108 - (6,226)
- 114,896 - 103,701 - (11,195)
- 959,162 - 1,023,503 - 64,341
< Wholesales Volume by Market >
units units units
Japan 108,648 115,170 6,522
North America 152,534 175,140 22,606
Europe 73,991 67,595 (6,396)
Other areas 134,501 143,763 9,262
Overseas Total 361,026 386,498 25,472
Total 469,674 501,668 31,994
FY2012 First Half
Ended September 30, 2012Increase / (Decrease)
Vehicles
Other
Ended September 30, 2011
Increase / (Decrease)Ended September 30, 2011
Knockdown Parts (Overseas)
FY2013 First Half
Vehicles
Parts
FY2012 First Half
Total
Increase / (Decrease)Ended September 30, 2012
FY2013 First Half
FY2013 First Half
Europe
Other areas
FY2012 First Half
Japan
Ended September 30, 2011
Ended September 30, 2011
North America
Ended September 30, 2011
Ended September 30, 2012
Ended September 30, 2012
Total
Increase / (Decrease)
Increase / (Decrease)Ended September 30, 2012
FY2013 First Half
FY2012 First Half
Japan
FY2012 First Half
FY2013 First Half
- 15 -
Financial Summary (Consolidated) October 31, 2012
For the First Half of the Fiscal Year Ending March 31, 2013 Mazda Motor Corporation