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Economic Sustainability Report
Healthy finances are vital in order to continue to facilitate the development of society, and to play our role as a
responsible company. FY 2004 marked the final year in our Millennium Plan, which was implemented to introduce
growth through product launches, and we have achieved consistent business growth during each of the four years,
and achieved our highest level of operating profits ever during FY 2004.
Business conditions during FY 2004
Revenues (consolidated)
Since the introduction of the Mazda6/Atenza during May 2002, we
have continued to launch new-generation products to market, based
on our brand message of 'Zoom-Zoom'and following the guidelines of
our Millennium Plan, which aimed for growth through product
launches. The results of our efforts have been positive, with a gradual
trend upwards until FY 2004, the final year of the plan, in which our
consolidated wholesales reached 1.104 million (up 3% on the
previous year), and our net sales reached 2.6956 trillion yen (an
increase of 5% on the previous year).
At the end of March 2005, we also achieved our targeted 25%
reduction in costs, so that in FY 2004 we were able to produce
operating income of 82.9 billion yen (up 18% on last year) as well as
income before tax of 73.8 billion yen (up 37%) and net income for the
period of 45.8 billion yen (up 35%).
(Unit: 100 million yen)
20,158
20,949
23,645
25,747 26,956
Converted to show
12-month figures
Outline of long-term vision and Mazda Momentum
In our FY 2004 mid-term accounting report, issued on November 9,
2004, we specified our long-range vision, which includes an outline of
how we expect the company to look in 10 years' time, as well as a
roadmap for maintaining our current growth, while creating a basis
for strong future growth. This mid-term plan is known as 'Mazda
Momentum'.
Profits
00 01 02 03 04
April-March
LONG-TERM VISION
An automotive company that is respected and trusted by customers
and other stakeholders which:
Delights customers by providing leading-edge products and
services with unique Mazda creativity reflecting Japanese heritage
Has a scale enabling global competitiveness
unit: 100 million yen
Operating income
Net income
407
580
339
731
458
241
192
Commitments undertaken within the
Mid-term Plan 'Mazda Momentum'
88
FY 2006
Consolidated Wholesales 1.25 million units
Operating Profit over 100 billion yen
Net Debt / Eguity Ratio below 100%
00 01 02 03 04
298
1,552
April-March
Mazda Momentum
Key Initiatives
Reinforce Research & Development
Strengthen Key Markets
Enhance Global Efficiercies and Synergies
Leverage Human Resources
Social & Environmental Report 2005