• Kyodo


Mazda Motor Corp. on Friday projected a net loss of ¥90 billion ($865 million) for the business year through next March on slowing demand caused by the coronavirus, a turnaround from the ¥12.13 billion profit posted in fiscal 2019.

The automaker expects to see its first red ink since fiscal 2011, with an operating loss of ¥40 billion on sales of ¥2.85 trillion, down 16.9 percent from a year earlier, according to its earnings outlook released Friday.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.