Core Insights - Mazda Motor Corporation reported a 5% decline in global revenues to JPY 3,501.5 billion (US$ 22.9 billion) for the first nine months of FY26, with an operating loss of JPY 23.1 billion (US$ 151 million) compared to a net profit of JPY 148.3 billion the previous year [1] - The company attributes the significant downturn to changes in US policy, including new import tariffs and the end of battery electric vehicle (BEV) incentives [1] Revenue and Profit Forecast - Mazda forecasts a 4% decrease in consolidated global revenues to JPY 4,820.0 billion for the full FY26, down from JPY 5,018.9 billion in the previous year [3] - The expected operating profit is JPY 50 billion, a reduction from JPY 186.1 billion, and a net profit of JPY 20 billion, down from JPY 114.1 billion [3] Vehicle Sales Performance - Global vehicle sales fell by 6% to 859,000 units in the nine-month period, with North America experiencing a 16% drop in deliveries to 447,000 units, including a 24% decline in US sales to 300,000 units [2] - Domestic sales decreased by 2% to 100,000 units, while sales in China increased by 1% to 59,000 units [2] Future Sales Projections - Global vehicle sales are projected to decline by 4% to 1.172 million units for FY26, with a recovery expected in the final quarter due to the launch of the new CX-5 crossover vehicle, which represents a quarter of global sales [4] - Sales in North America are anticipated to remain stable at around 600,000 units for FY26 [4] Cost Management Strategy - The company is implementing cost-cutting measures under Phase 2 of its 'Multi-Solution Strategy', focusing on rebuilding and strengthening its supply chain to enhance global competitiveness [5]