Mazda reports FY26 H1 net loss on US tariffs

Core Insights - Mazda Motor Corporation reported a 6% decline in global revenues to JPY2,238.5 billion in the first half of FY26, attributing the decline to US import tariffs implemented in April [1][4] - The company incurred an operating loss of JPY53.9 billion, a significant drop from an operating profit of JPY103 billion in the same period last year [1][4] - Mazda expects a full-year revenue decline of 2% to JPY4,900 billion, with vehicle sales projected to decrease slightly to 1.3 million units [4] Financial Performance - In the second quarter of FY26, Mazda reported a net loss of JPY7.8 billion, which could have been a break-even result without the impact of US tariffs [2] - The net loss for the first half of FY26 totaled JPY45.3 billion, contrasting with a net profit of JPY35.3 billion in the previous year [2] Production and Sales - Global vehicle production decreased by 8% to 555,000 units in the April-September period, down from 603,000 units a year earlier [3] - Global vehicle sales fell by 3% to 609,000 units, with US sales down by 2% to 209,000 units and European sales plummeting by 17% to 74,000 units; however, sales in Japan increased by 6% to 68,000 units [3]