Mazda 2007 Annual Report Download

Download and view the complete annual report

Please find the complete 2007 Mazda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

Annual Report 2007
Year ended March 31, 2007
Advancing into the Future
Mazda Motor Corporation Ann al Report 2007
Mazda Motor Corporation

Table of contents

  • Page 1
    Advancing into the Future Annual Report 2007 Year ended March 31, 2007 Mazda Motor Corporation

  • Page 2
    ... Initiatives Board of Directors, Auditors and Executive Officers Financial Section Directory Corporate Data Stock Information 10 20 30 32 37 41 43 78 79 80 Forward-Looking Statements Statements made in this annual report with respect to Mazda's plans, strategies and future performance are forward...

  • Page 3
    ... car company refuses to outgrow it. In grown-up language, it means the exhilaration and liberation from experiencing the emotion of motion. But as usual, children put it much better and simply call it "Zoom-Zoom." At Mazda, we practice it every day. It's who we are. It's why we design and build the...

  • Page 4
    ... in markets worldwide, we have defined the Mazda brand DNA as having two key elements: personality and products. The "Zoom-Zoom" message embodies these elements. Expressing the sheer enjoyment of motion we all knew in childhood, this message reflects our determination to help customers reconnect...

  • Page 5
    ... engine delivers powerful acceleration plus strong environmental performance. The large and lavishly appointed cabin, encased in sporty styling, creates a sense of openness. Effortless driving performance and a comfort-filled interior make driving a time of luxury. Mazda5 The dynamically styled...

  • Page 6
    ..., this dynamic and compact sports car has chalked up more than 80 awards around the world. The high-performance Mazdaspeed3 model, powered by the 2.3-liter DISI turbo engine, has also been added to the lineup. Mazda Verisa Simple, high-quality and modern were the concepts behind the design that...

  • Page 7
    ... team spirit. We positively support environmental matters, safety and society. Guided by these values, we provide superior rewards to all people associated with Mazda. Note on Model Names: Unless otherwise stated, model names appearing in this annual report are those generally used in international...

  • Page 8
    ...2003 2004 2005 2006 2002 2003 2004 2005 2006 * The amounts of equity used in the calculation of return on equity exclude minority interests (and, for current year, stock acquisition rights). Equity*3 (Billions of Yen) 407.2 479.9 Net Income per Share (Yen) 51.53 52.59 Number of Employees...

  • Page 9
    Mazda Motor Corporation and Consolidated Subsidiaries Years ended March 31, 2007, 2006 and 2005 Millions of Yen Increase (decrease) Thousands of U.S. dollars*1 2006 2005 2004 March 31, 2007 March 30, 2006 March 30, 2005 2006/2005 2006 March 31,2007 For the year: Net sales Operating income ...

  • Page 10
    ... the President Representative Director, Chairman of the Board, President and CEO Hisakazu Imaki "Mazda posted record earnings once again in fiscal 2006, the last fiscal year of our mid-term plan, Mazda Momentum. Mazda has embarked on a new mid-term plan-the Mazda Advancement Plan-to maintain the...

  • Page 11
    ... in Japan and expanding our European sales networks. Our Nanjing engine plant came on line this past April, and plans call for vehicle assembly operations to commence by year's end. Mazda Momentum Achievements As of March 31, 2007 Target Operating Income (billions of yen) Net Debt to Equity Ratio...

  • Page 12
    ...vision of how we see our company in a decade from now. Mazda Advancement Plan's mid-term objectives are: 1. Continue to strengthen brand, owner loyalty and quality; 2. Improve business efficiency in all areas; 3. Build a global production framework; and 4. Further reinforce research and development...

  • Page 13
    ... particularly on the Chinese market, where plans call for doubling our sales. Mazda will also strive for greater sales growth than was achieved in the fiscal year in review in North America, Europe and other markets. Plans include maintaining our current sales figures in Japan, where we foresee...

  • Page 14
    ...? Mazda's fundamental policy regarding supply is to expand our manufacturing capacity by taking full advantage of our efficiencies, while taking into account marketplace demand and available resources. Accordingly, in fiscal 2007 we will increase production capacity at our Hiroshima and Hofu plants...

  • Page 15
    ... to increase the dividend per share by ¥1 for fiscal 2006-as we did in the previous fiscal year-to ¥6. We also plan to commence paying interim dividends for the first time in 15 years. Plans call for an interim dividend payment of ¥3 and a year-end dividend payment of ¥3 in fiscal 2007. Our aim...

  • Page 16
    ...Vision As a trusted member of society, we delight customers with products and services that are uniquely Mazda, proudly Japanese. Stakeholder Value Brand Product and Technology Supply and Manufacturing People Corporate Social Responsibility Overview of the Mid-Term Plans FY2010 Profit Margin...

  • Page 17
    ... in research and development and manufacturing efficiency. Finally, moving on from our goal of stable dividends, we plan to steadily raise the payout ratio. In support of Mazda's efforts to achieve these goals, our long-term vision is defined by four pillars: brand, product and technology, supply...

  • Page 18
    ...In North America, an essential growth market for Mazda, we are working to raise profitability. To this end, we are reflecting customer feedback to improve our products and will continue to improve customer contact in a variety of areas. In line with our brand strategy, we will accelerate openings of...

  • Page 19
    ... our number of outlets in China to approximately 300 by 2010, supporting anticipated annual sales of 300,000 units. Mazda will also introduce products efficiently and continue to build our "Zoom-Zoom" brand message. Other Markets In ASEAN nations and Australia, we will strengthen our product lineup...

  • Page 20
    ...% and raise capital spending 50% compared with the previous four years. In terms of future product strategies, we will concentrate on brand building and raising business efficiency in line with the product-led growth in phase three and phase four during the Mazda Advancement Plan time frame. We will...

  • Page 21
    ... our next-generation product lineup that employs new technologies, centered on advanced technical developments that emphasize powertrains and platforms, and further reinforce our business foundation. Mazda will pursue further business growth after 2011. Overview of Product Strategies '02 '03 '04...

  • Page 22
    ... July 2007, Mazda held a commemorative ceremony to mark its 40 millionth unit of cumulative production in Japan-a level achieved 75 years and nine months after beginning production of three-wheeled trucks in 1931. At the ceremony, President Imaki noted, "The support of our customers allowed Mazda to...

  • Page 23
    ... that balances our strength in sales, and optimizes our responsiveness to future demand fluctuations. In short, we plan to maintain current production capacity in Japan while raising capacity overseas. In May 2007, Mazda began mixed production of its new 3.7-liter V6 engine and a current in-line...

  • Page 24
    ...in the Mazda Business Leader Development Program. During this course, employees discuss the current status of the Company, as well as its future direction, and work together to achieve common goals. We began offering this course in 2000. We plan to continue the course, which has become part of Mazda...

  • Page 25
    ... open a childcare center within its business facilities. This certification underscores Mazda's aim to be a company that provides a fulfilling workplace environment that takes into account the lifestyles of each of its employees and grows in tandem with its people. Development of People to Support...

  • Page 26
    ...fun to drive, and make you want to drive them again. "Sustainable Zoom-Zoom" is our long-term vision for technological development, wherein we work toward harmony between driving pleasure on the one hand and environmental friendliness on the other. The technology development plan that underpins this...

  • Page 27
    ... the joy of driving, and share enjoyable times with friends and family. Despite a trend of declining fatalities in developed nations owing to advances in impact absorption technologies, overall injury and fatality rates continue to increase worldwide. Governments everywhere are taking steps...

  • Page 28
    ... Collision Avoidance Driver Assistance Protecting Pedestrians Protecting Passengers in Vehicles Involved in Accidents Active Safety Mistakes in Driving Errors in Judgment Worldwide Traffic Fatality Totals 1.2 million Calendar Year 2003 90% Issues Confronting Safety Technologies Reducing Accidents...

  • Page 29
    ...manufacturer to win the Le Mans 24-Hours endurance race. Mazda has also won numerous other motor sports competitions. Mazda has been involved in the development of a hydrogen fuel rotary engine. Such a system emits only trace elements of CO2 gas, one of the exhaust products that contribute to global...

  • Page 30
    ...Diesel Engines Gasoline Engines Hybrid Technologies Medium to Long Term The Future Biofuel Fossil Fuels 1970 2000 2030 2050 Mazda is improving dynamic performance to realize its vision for its powertrains. The Company is also improving its powertrain's environmental friendliness, so customers...

  • Page 31
    ...and soul of Mazda and plans call for significant improvements to performance and fuel economy, chiefly through such technologies as direct fuel injection and rapid combustion. Future Technology Developments Mazda began leasing the hydrogen-powered rotary engine vehicles in fiscal 2005. The question...

  • Page 32
    ... CO2 emissions. Design and Platform Mazda is steadily rolling out new platforms that combine advances in its world-renowned dynamic automotive performance with a lighter body weight, the latter providing improved fuel economy. The all-new Mazda2, which went on sale in Japan in July 2007, represents...

  • Page 33
    Safety Technologies Mazda is developing its next-generation platforms which will support "Zoom-Zoom" safety features. Our human-machine interface (HMI) aids drivers in accurately identifying and making decisions while driving, a feature that we think is only going to increase in importance. One ...

  • Page 34
    ...our headquarters in Hiroshima; in Irvine, California, the United States; and in Frankfurt, Germany. Our design centers in the world's major markets communicate with each other and have demonstrated success in incorporating the design preferences and characteristics Mazda Nagare This model signifies...

  • Page 35
    ... it. You know it's a Mazda. These are the designs we bring to the global marketplace. Mazda Hakaze This compact four-seater crossover SUV takes its design cues from a coupe. It is targeted at customers in their 30s and 40s who live an active, go-getting lifestyle. Mazda Ryuga This sporty, compact...

  • Page 36
    ... customers, and the times in which we live, demand value in design, ease of use and cost performance. This car delivers that value to a high degree, and builds on Mazda's signature dynamic performance. Collaborating with Ford, Mazda took the lead in engineering the basic structure and technologies...

  • Page 37
    ... production in Japan reaches the one million threshold as of September 30, 2006. This year marks the 10th anniversary since the rollout of the original model, and the car maintains solid sales for Mazda, selling 4,672 units in August 2006, good enough to earn an eighth-place ranking in sales by make...

  • Page 38
    ... design and delivers dynamic driving performance, demonstrated its strong customer appeal by selling an average of 820 units per month, exceeding our forecast. During the year, we refreshed models already on the market, added new variations and designed special-feature models. The Mazda3 and Mazda...

  • Page 39
    ... in Puerto Rico, with total industry sales slumping 18.4%, to 112,000 units. Mazda's unit sales, however, dropped 24%, to 6,000 units, causing our share of this market to drop from 5.7% to 5.3%. Note: The North American market includes the United States, Canada, Mexico and Puerto Rico. Fiscal 2006...

  • Page 40
    ... average of 40% in Europe's five biggest markets. Mazda car owners rate the quality of their new purchases highly, as attested by our top ranking for the third consecutive year in the quality survey conducted by Autobild, a German publication. By country, we posted record sales levels for the second...

  • Page 41
    ... the Mazda5 fell 8%, to 14,000 units. We resumed sales of the Mazda3 in mid-January 2007. After that time, sales increased in line with our expectations, selling 6,000 units during the period to the end of March. The Mazda3 is produced by Changan Ford Mazda Automobile Co., Ltd., at its main plant in...

  • Page 42
    ... a service satisfaction survey of one-year owners. In Israel, sales of 22,000 units and a market share of 14.3% made Mazda the country's top-selling brand for the 11th consecutive year. We sustained strong sales on all product lines, including the Mazda5, which was named Auto Magazine's Mini Van of...

  • Page 43
    ...2007, Mazda had a total of 34 executive officers and nine directors, some of whom are also executive officers. In addition, Mazda has established a Management Advisory Committee composed of leading figures from outside the Company and all Mazda directors. The committee meets four times a year. Mazda...

  • Page 44
    ... and express views from an audit perspective. Together with Mazda's full-time corporate auditors, outside corporate auditors receive reports from directors and executive officers, meet with representative directors, and inspect business sites and subsidiaries. Corporate auditor support system Mazda...

  • Page 45
    ... Board of Corporate Auditors has stipulated as requiring joint discussion with directors and executive officers must be reported to the corporate auditors, even in cases where no significant impact on the Mazda Group is anticipated. Risk Management In line with its corporate action guidelines, Mazda...

  • Page 46
    ..., we plan to promote aggressively the development of environmentally friendly hydrogen automobiles. In fiscal 2006, more than 90% of Mazda passenger cars produced were certified as four-star Super Ultra-Low Emissions Vehicles (SU-LEVs) by Japan's Ministry of Land, Infrastructure and Transport for...

  • Page 47
    Board of Directors, Auditors and Executive Officers (As of June 28, 2007) DIRECTORS Hisakazu Imaki Representative Director and Chairman of the Board Robert J. Graziano Representative Director Takashi Yamanouchi Representative Director David E. Friedman Representative Director Daniel T. Morris ...

  • Page 48
    ... Vehicle Development and Technical Research Center James J. O'Sullivan President and CEO, Mazda Motor of America, Inc. (Mazda North American Operations) Takashi Yamanouchi Assistant to President; In charge of Corporate Liaison, Purchasing, Administration, Secretariat, Human Resources and Internal...

  • Page 49
    ...-Year Summary of Consolidated Financial Statements Management's Discussion and Analysis Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Assurance by Key Management Report...

  • Page 50
    ... Mazda Motor Corporation and Consolidated Subsidiaries Years ended March 31, 2007, 2006, 2005, 2004, 2003 and 2002 2006 Increase (decrease) March 31, 2007 2006/2005 2005 March 31, 2006 Increase (decrease) 2005/2004 For the year*2: Net sales Domestic Overseas North America Europe Other areas Cost...

  • Page 51
    Millions of Yen 2004 March 31, 2005 Increase (decrease) 2004/2003 2003 Increase (decrease) 2002 March 31, 2004 2003/2002 March 31, 2003 Increase (decrease) 2001 2002/2001 March 31, 2002 Thousands of U.S. dollars*1 2006 March 31, 2007 ¥2,695,564 845,620 1,849,944 761,684 634,233 454,027 1,972,574...

  • Page 52
    ... net debt-to-equity ratio improved 13 percentage points, to 49%. â- Dividend per share increased Â¥1.0 from the fiscal 2005 level, to Â¥6.0. OVERVIEW OF THE MAZDA GROUP The consolidated financial statements for fiscal 2006, ended March 31, 2007, include the accounts of Mazda Motor Corporation, 58...

  • Page 53
    ...new Mazda Tribute in addition to the Mazda CX-7 and the Mazda CX-9, contributing to performance in the light truck segment. Mazda retail sales in Europe grew 6.7%, to 301,000 units. Chalking up particularly strong sales in this market were Mazda5 and Mazda6 models mounted with all-new diesel engines...

  • Page 54
    ...fiscal 2006. At the general meeting of shareholders on June 26, 2007, cash dividends applicable to the year of ¥6.0 per share were approved. Mazda seeks to steadily increase its dividend payment to shareholders while taking into account operating performance in each period, the business environment...

  • Page 55
    ...of U.S.-based Mazda Motor of America, Inc., and Mazda Motor Europe GmbH in Germany, as well as an R&D division established within Mazda Motor (Shanghai) Business Management & Consulting Co., Ltd. Joint research projects are also conducted with Ford Motor Company. In all cases, product development is...

  • Page 56
    ... 18.4%, from ¥284.28 to ¥336.45. Equity ratio on March 31, 2007, was 24.8%, up 2.5 percentage points from one year earlier. Equity used in the calculation of equity per share and equity ratio exclude minority interests (and, for the current year, stock acquisition rights), which amounted to ¥473...

  • Page 57
    ... Mazda Group The Mazda Group sells products in Japan and around the world, including in North America, Europe and Asia. An economic downturn or declining demand in these markets could adversely affect Mazda's business results and financial position. 2. Exchange Rates The Mazda Group exports products...

  • Page 58
    ... affect the Mazda Group's business results and financial position. 7. International Business Activities In addition to Japan, the Mazda Group sells its products and carries out business activities in markets around the world, including the United States and Europe, as well as developing and emerging...

  • Page 59
    ... ' s business results and financial position. 9. Defective Products While striving to improve the quality of its products to meet the requirements of the market, the Mazda Group also does its utmost to ensure the safety of its products. However, the Group cannot guarantee that large-scale product...

  • Page 60
    ... Mazda Motor Corporation and Consolidated Subsidiaries March 31, 2007 and 2006 Millions of yen Thousands of U.S. dollars (Note 1) ASSETS Current assets: Cash and cash equivalents Short-term investments Trade notes and accounts receivable Inventories (Note 5) Deferred taxes (Note 13) Other current...

  • Page 61
    ... (Note 9) Directors' and corporate auditors' retirement benefits Liabilities from application of equity method Other long-term liabilities Total long-term liabilities Contingent liabilities (Note 10) Equity: Paid-in capital and retained earnings: Common stock: Authorized: 3,000,000,000 shares Issued...

  • Page 62
    ...Income Mazda Motor Corporation and Consolidated Subsidiaries Years ended March 31, 2007, 2006 and 2005 Millions of yen For the years ended Thousands of U.S. dollars (Note 1) 2004 March 31, 2005 2006 March 31, 2007 2005 March 31, 2006 2006 March 31, 2007 Net sales Cost and expenses: Cost of sales...

  • Page 63
    ... of Equity Mazda Motor Corporation and Consolidated Subsidiaries For the Years Ended March 31, 2007, 2006, and 2005 Millions of yen Equity attributable to shareholders of Mazda Motor Corporation Paid-in capital and retained earnings Valuation Minority and Stock interests in Common Capital Retained...

  • Page 64
    ... Employees' severance and retirement benefits Interest and dividend income Interest expense Equity in net income of unconsolidated subsidiaries and affiliated companies Loss on sale/disposition of property, plant and equipment, net Loss (gain) on sale of investment securities, net Insurance claim...

  • Page 65
    ... operating and financial policies of the investees, are accounted for by the equity method. The consolidated financial statements include the accounts of the Company and 58 subsidiaries (58 in the year ended March 31, 2006 and 53 in the year ended March 31, 2005). In addition, 13 affiliates (14 in...

  • Page 66
    ... trading securities or held-to-maturity debt securities. Equity securities issued by subsidiaries and affiliated companies which are not consolidated or accounted for using the equity method are stated at moving-average cost. Availablefor-sale securities with available fair market values are stated...

  • Page 67
    ...required if all the executive officers retired at the balance sheet date. As discussed in Note 9, in connection with the enactment of the Defined Benefit Corporate Pension Law, as of July 31, 2005, the Mazda Social Welfare Pension Fund, which the Company and certain Domestic Companies are members of...

  • Page 68
    ... years ended March 31, 2007, 2006 and 2005, research and development costs were ¥107,553 million ($911,466 thousand), ¥95,730 million and ¥90,841 million, respectively. Derivatives and hedge accounting Derivative financial instruments are mainly stated at fair value and changes in the fair value...

  • Page 69
    ... compare with equity in 2005 and 2006, minority interests in 2005 are reclassified in conformity with current year presentation. 4. Securities The Company and its consolidated subsidiaries had no trading or held-to-maturity debt securities with available fair values at March 31, 2007 and 2006. 63

  • Page 70
    ... of yen Book value Non-listed equity securities ¥19,801 5. Inventories Inventories at March 31, 2007 and 2006 were as follows: Millions of yen As of Thousands of U.S. dollars 2006 March 31, 2007 2005 March 31, 2006 2006 March 31, 2007 Finished products Work in process Raw materials and...

  • Page 71
    ... fair value of the revalued land as of March 31, 2007 from that at the time of revaluation, as stipulated in Article 10 of the Land Revaluation Law, is ¥84,197 million ($713,534 thousand). 7. Impairment of Fixed Assets As discussed in Note 3, the Domestic Companies adopted the new accounting...

  • Page 72
    ... 31, 2007 2005 March 31, 2006 2006 March 31, 2007 Domestic unsecured bonds due serially 2006 through 2013 at rates of 0.51% to 1.65% per annum Domestic unsecured convertible bonds with stock acquisition rights due 2007 with no interest Loans principally from banks and insurance companies: Secured...

  • Page 73
    ...year ended March 31, 2006. The estimated amount of all retirement benefits to be paid at the future retirement dates is allocated equally to each service year using the estimated number of total service years. Employees of Japanese companies are compulsorily included in the Welfare Pension Insurance...

  • Page 74
    ... The Corporate Law (" the Law " ) became effective on May 1, 2006, replacing the Commercial Code (" the Code" ). Under Japanese laws and regulations, the entire amount paid for new shares is required to be designated as common stock. However, a company may, by a resolution of the Board of Directors...

  • Page 75
    ... 2006 March 31, 2007 2005 March 31, 2006 2004 March 31, 2005 2006 March 31, 2007 Gain (loss) on sale of investment securities, net Loss on sale of property, plant and equipment, net Rental income Gain on the transfer to the government of the substitutional portion of employee pension fund...

  • Page 76
    ...ended 2006 March 31, 2007 2005 March 31, 2006 2004 March 31, 2005 Statutory tax rate Equity in net income of unconsolidated subsidiaries and affiliated companies Valuation allowances Unrealized profits from intercompany transactions Prior year income taxes Tax credit Other Effective tax rate 40...

  • Page 77
    ...income taxes recorded in the year ended March 31, 2007 are primarily for the taxes that the Company expects to pay on transactions between the Company and its domestic dealerships. The Company bears part of the expenses that its dealerships incur for sales and promotional activities. Recent internal...

  • Page 78
    ... contracts Interest rate swap contracts Hedged items: Foreign currency loans receivable and future transactions Future transactions Interest on borrowings The following tables summarize market value information as of March 31, 2007 and 2006 of derivative transactions for which hedge accounting...

  • Page 79
    ...assets by geographic area for the years ended March 31, 2007, 2006 and 2005 were as follows: Millions of yen 2006 For the year ended March 31, 2007 Japan North America Europe Other areas Total Elimination or corporate Consolidated Net sales: Outside customers ¥1,226,988 ¥991,192 ¥774,837...

  • Page 80
    ...2,695,564 2,612,617 ¥0,082,947 ¥1,767,846 2006 For the year ended March 31, 2007 Japan North America Europe Other areas Total Elimination or corporate Consolidated Net sales: $10,398,203 $8,399,932 $6,566,415 $2,156,509 $27,521,059 Outside customers Inter-area 11,418,695 59,949 168,636 13...

  • Page 81
    ... the year ended March 31, 2007 ¥761,684 ¥634,233 ¥454,027 ¥1,849,944 28.3% 23.5% 16.8% 68.6% Thousands of U.S. dollars North America Europe Other areas Total International sales $8,626,051 $6,687,585 $4,687,703 $20,001,339 Notes: 1) Overseas sales include exports by Mazda Motor Corporation...

  • Page 82
    ... in the Company' s annual report for the year ended March 31, 2007 are presented fairly, in all material respects, in conformity with generally accepted accounting principles in Japan. President and Chief Executive Officer Senior Managing Executive Officer and Chief Financial Officer Hisakazu...

  • Page 83
    ... statements, effective April 1, 2006, Mazda Motor Corporation and domestic subsidiaries adopted new accounting standard for share-based payment. The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year ended March 31, 2007 are presented solely for...

  • Page 84
    ... of America (U.S.), Mazda Motor Europe (Germany), China Engineering Support Center MANUFACTURING SITES: Japan Hiroshima Plant (Head Office, Ujina), Hofu Plant (Nishinoura, Nakanoseki), Miyoshi Plant Overseas U.S.A., China, Taiwan, Thailand, Malaysia, Philippines, Iran, Spain, Zimbabwe, South Africa...

  • Page 85
    ... 730-8670, Japan Phone: +81 (82) 282-1111 Japan IR Office Financial Services Division Mazda Motor Corporation 3-1 Shinchi, Fuchu-cho, Aki-gun, Hiroshima 730-8670, Japan Phone: +81 (82) 287-4114 Fax: +81 (82) 287-5234 North America Mazda Information Bureau 10 Corporate Park Suite 200, Irvine, CA...

  • Page 86
    ... into account Mazda's 7,812,016 shares of treasury stock 2. All shares formerly held by its wholly owned subsidiaries Ford Automotive International Holdings S.L. and FLP Canada have been transferred to the Ford Motor Company. BREAKDOWN OF SHAREHOLDERS Other Japanese corporations Japanese securities...

  • Page 87
    81

  • Page 88
    This report was produced from recycled paper and soy ink. Printed in Japan