Mazda 2013 Annual Report Download - page 12

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Q What is your basic policy regarding the stock dividend?
Our policy is to determine the amount of dividend payments each fiscal year, taking into
account our financial results and the operating environment. For the March 2013 fiscal year,
with sincere regret, we felt it necessary to forgo dividend payments in light of the retained
loss. We consider returns to shareholders to be a very important management issue, and we
aim to restore the dividend as quickly as possible. We ask for our shareholders’ understand-
ing with regard to this issue.
Q Would you like to say anything to shareholders and investors
in conclusion?
After recording a record profit of ¥162.1 billion in the March 2008 fiscal year, we have experi-
enced large profit declines as a result of the global economic crisis, the yen’s unprecedented
appreciation, and the Great East Japan Earthquake. In light of this situation, we announced
the Structural Reform Plan in February of last year, and have made steady progress in
restructuring by leveraging SKYACTIV TECHNOLOGY.
As a result, by introducing SKYACTIV products that are able to generate profit even with
a strong yen, we achieved profitability at all levels despite a difficult operating environment.
I am pleased that we are proceeding on plan with our start toward the achievement of our
Medium- and Long-Term Outlook for the March 2016 fiscal year, of operating income of ¥150
billion, an operating income margin of 6% or more, and global sales of 1.7 million units. We
also expect to double profit year-on-year at all levels in the March 2014 fiscal year.
Going forward, management and the entire Mazda Group will use all our strength to fulfill
our responsibility toward a continuously changing society, and to be a company that is trusted
by shareholders, investors, and all other stakeholders. I ask for your continued support.
To Shareholders and Investors
Operating profit (Billions of yen) Operating income margin (%)
(Years ended
March 31) 2012 2013
¥150.0 billion
6.0% or more
US$/Yen 79 83 90 77
€/Yen 109 107 120 100
(1.9)
2.4
4.8
(38.7)
53.9
120.0
50%
80%
Mix of SKYACTIV
models
Start of Structural Reform Plan
31%
2016
(Plan)
2014
(Plan)
Profit Growth Image
Mazda Annual Report 2013
10