TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
May 14, 2020 17:01 JST
Source:
Mazda
Mazda Releases FY March 2020 Full Year Financial Results
TOKYO, May 14, 2020 - (JCN Newswire) - Mazda announced its medium-term management plan in November last year. The automobile industry is experiencing the kind of transformation which takes place only once in 100 years. It is imperative for the Company to make changes in various fields, including product planning, development, manufacturing, sales and service, in order to respond to the CASE (Connected, Autonomous, Shared and Electric) era. The Company set three management themes to work on in the six years of the medium-term management plan: "investment in unique products and customer experience," "curb expenses that depreciate brand value," and "investment in the areas we need to catch up". The Company is steadily moving forward with the plan by implementing initiatives to achieve targets in these areas while investing in technologies including CASE for its future growth.
In the first year of the medium-term management plan, in addition to launching its connected service, the Company introduced products that feature CASE technologies such as mild-hybrid electrification technology and advanced safety technologies that are integral to autonomous driving. Along with updating the existing product lineup with these new technologies, the Company also launched new-generation models, beginning with the Mazda3 last year. It was followed by the CX-30, the second model of the new-generation lineup in anticipation of the growing global SUV market. The Mazda3 and CX-30 are equipped with the new-generation gasoline engine Skyactiv-X, the first gasoline engine to use compression ignition. In October 2019, the Company unveiled its first mass-production electric vehicle, the Mazda MX-30, at the Tokyo Motor show, with sales starting next fiscal year.
With regard to the business environment surrounding the Mazda Group for the fiscal year ended March 31, 2020, the challenging situation continued as the demand declined globally from the previous year due to issues such as economic slowdown in China triggered by the US-China trade dispute and Britain's exit from the EU. In addition, uncertainty over future prospects rapidly increased due to the novel coronavirus pandemic in the fourth quarter. The outbreak of the novel coronavirus first impacted the Company's production and supply chain in China. The virus then spread globally, causing the suspension of economic activities and disruption in financial markets around the world, resulting in a significant impact on the Company's global sales activities.
Source: Mazda
Sectors: Automotive
Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Mazda EZ-6/Mazda6e Wins 2026 World Car Design of the Year Award
April 02 2026 10:47 JST
MAZDA CX-5 Achieves Five Million Units in Global Production and Sales
January 29 2026 15:15 JST
Mazda Unveils MAZDA CX-6e New Battery EV in World Premiere
January 12 2026 12:10 JST
Mazda Develops New Body Color, "Navy Blue Mica"
January 09 2026 09:23 JST
Mazda Selected for A List in CDP Water Security for the First Time
December 26 2025 16:19 JST
Mazda Begins Demonstration Experiment of Onboard CO2 Capture System
November 17 2025 23:38 JST
Mazda Presents World Premiere of Two Vision Models at Japan Mobility Show 2025
October 30 2025 13:33 JST
Mazda Rolls Out New Version of Brand Symbol from Japan Mobility Show 2025
October 30 2025 13:26 JST
Mazda and Nippon Steel Strengthen Collaboration
October 23 2025 22:57 JST
Mazda Announces Exhibition at JAPAN MOBILITY SHOW 2025
October 14 2025 16:38 JST
More Press release >>
Latest Press Release
Eisai Deepens Body of Clinical Evidence for LENVIMA(R) (Lenvatinib) Across Established Indications at ASCO 2026
May 22, 2026 00:23 JST
Honda to Begin Sales of Super-ONE Compact EV
May 22, 2026 00:16 JST
Fujitsu supports the Panasonic Group in accelerating its sustainability management through the implementation of a CFP calculation solution
May 21, 2026 13:57 JST
Sharp Launches Poketomo Conversational AI Character in Taiwan
May 21, 2026 13:55 JST
Hitachi Energy's HMAX Energy service solutions strengthen long-term reliability for Akaysha Energy's Ulinda Park BESS
May 21, 2026 13:40 JST
Heads of State/Government, Ministers, and Senior Officials from 30 Countries to Convene in Tokyo for the Island States Ocean Summit
May 20, 2026 17:00 JST
Trusco Nakayama and Fujitsu accelerate personnel transfer decision-making process with data and AI
May 20, 2026 13:50 JST
Hitachi announces strategic partnership with Anthropic to strengthen "Lumada 3.0" through frontier AI
May 19, 2026 23:09 JST
SMBC Group, Fujitsu and SoftBank agree on alliance to build Japan-made platform for sustainable healthcare
May 19, 2026 13:37 JST
Ashikaga Bank launches Fujitsu's service supporting digitalization of Inheritance Procedure
May 18, 2026 18:13 JST
Sharp to Exhibit at The 3rd SPEXA - Space Business Expo
May 18, 2026 17:34 JST
MHIEC Receives Waste Treatment Technology Verification Report from JESC for Its Fluidized Bed-type Gasification and Reforming System
May 18, 2026 17:17 JST
MHI Thermal Systems Receives A' Design Awards
-- Recognition at Italy's International Design Competition for the Hydrolution EZY Series of Air-to-Water Heat Pumps and the ZT Series of Residential-Use Air-Conditioners --
May 18, 2026 16:26 JST
Tallgrass and Mitsubishi Power Americas Announce Turbine Allocation for Cheyenne Power Hub
May 18, 2026 15:15 JST
JCB and Wonder Advance Cashless Taxi Payments in Hong Kong
May 18, 2026 10:00 JST
NEC completes construction of approximately 2,250 km EMCS submarine cable linking Pacific island nations
May 15, 2026 17:36 JST
Fujitsu and Science Tokyo launch joint research hub for quantum hardware advancement and talent development
May 15, 2026 17:12 JST
Fujitsu and IBM Japan formalize collaboration in healthcare sector
May 15, 2026 16:42 JST
Toyota Launches All-New Land Cruiser "FJ" Series in Japan
May 15, 2026 15:24 JST
Mitsubishi Motors Signs Memorandum of Understanding with FPT Japan Holdings to Study Collaboration in Software and Digital Domain
May 15, 2026 15:10 JST
More Latest Release >>