• Kyodo

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Mazda Motor Corp. said Wednesday its group net profit for the business year ended March 31 fell 15.4 percent from the previous year to ¥134.42 billion ($1.2 billion), with costs of a global recall linked to air bags made by Takata Corp. weighing on the firm.

Its group operating profit grew 11.8 percent to ¥226.78 billion on sales of ¥3.41 trillion, up 12.3 percent, helped by continuing cost-cutting efforts and expanded sales of vehicles equipped with its Skyactiv fuel-efficient technology.

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