Home / Business and Economy / Mazda Reports H1 FY26 Net Loss as US Tariffs Bite
Mazda Reports H1 FY26 Net Loss as US Tariffs Bite
10 Nov
Summary
- Mazda's global revenues down 6% in H1 FY26
- Incurred operating loss of JPY53.9 billion due to US tariffs
- Global vehicle production and sales declined in H1 FY26
In the first half of fiscal year 2026 (FY26), which ran from April to September, Japanese automaker Mazda Motor Corporation has faced significant challenges. The company reported a 6% decline in global revenues to JPY2,238.5 billion and incurred an operating loss of JPY53.9 billion, compared to an operating profit of JPY103 billion a year earlier.
Mazda attributed these losses primarily to the introduction of import tariffs in the United States in April. The company incurred a net loss of JPY45.3 billion in the first half of FY26, a stark contrast to the net profit of JPY35.3 billion it had reported a year earlier.
Global vehicle production fell by 8% to 555,000 units, while global vehicle sales declined by 3% to 609,000 units during the same period. Sales in the US fell by 2% to 209,000 units, and sales in Europe plunged by 17% to 74,000 units, though sales in Japan rose by 6% to 68,000 units.
Looking ahead, Mazda expects global revenues to fall by 2% to JPY4,900 billion in the full FY26 fiscal year, with vehicle sales declining slightly to 1.3 million units. However, the company is optimistic about the second half of the year, projecting an operating profit of JPY104 billion and a net profit of JPY20 billion for the full fiscal year.
