Mazda 2013 Annual Report Download - page 21

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2013 2014 (Outlook)
77.2
130.0
Capital Expenditures
Billions of yen
2013 2014 (Outlook)
 
89.9 100.0
R&D Costs
Billions of yen
US$ / Yen 83
€ / Yen 107
US$ / Yen 90
€ / Yen 120
2013 2014(Outlook)
Volume & Mix
+49.9
Foreign
exchange
+56.0
Cost
improvements
+15.7
Marketing
expenses
(18.3) Others
(37.2)
53.9
120.0
Operating Income Change
Billions of yen
YoY +66.1
2013 2014 (Outlook)
1,053 1,120
 
295 291
414
158 191
226 228
370 396
Consolidated Wholesales
Thousands of units
Other markets
China
Europe
North America
Japan
2013 2014 (Outlook)
34.3
70.0
Net Income
Billions of yen
2013 2014 (Outlook)
 
11.5
23.4
Net Income/(Loss) per Share
Yen
(Years ended March 31)
(Years ended March 31)
(Years ended March 31)
(Years ended March 31)
(Years ended March 31)
(Years ended March 31)
Operating income and net income
We are forecasting a ¥66.1 billion improvement in operating income for
the March 2014 fiscal year, to ¥120.0 billion. This includes an anticipated
¥49.9 billion improvement from increased sales volume and an improved
model mix, from an increase in sales of SKYACTIV-equipped vehicles. We
also expect a ¥56.0 billion boost from foreign exchange factors (based
on exchange rate assumptions of ¥90/USD and ¥120/euro).
With regard to variable costs, we expect a ¥15.7 billion improvement
from ongoing cost improvement activities. We are planning for a ¥18.3
billion increase in marketing expenses as we strengthen our sales pro-
motion activities for SKYACTIV-equipped vehicles at the global level,
focusing on the new Mazda3 (Japanese name: Axela). We are forecast-
ing a ¥37.2 billion increase in other fixed expenses as we increase our
investment for the future.
As for net income, we are forecasting a ¥35.7 billion improvement to
¥70.0 billion, with an ¥1 1.9 improvement in net income per share, to ¥23.4.
Capital expenditures and R&D costs
We are planning to increase capital expenditures by ¥52.8 billion in the
March 2014 fiscal year, to ¥130.0 billion. The main components of this
increase are investments for the plant in Mexico and the transmission
plant in Thailand to establish our global production footprint. We are
forecasting a ¥10.1 billion increase in research and development costs,
to ¥100.0 billion.
Consolidated wholesales
We are planning for an increase of about 67,000 units in consolidated
wholesales for the March 2014 fiscal year, to 1,120,000 units. We expect
strong sales of the SKYACTIV-equipped CX-5 and new Mazda6 to lead to
increased wholesales in all major markets, particularly in Europe and
the United States.
Outlook for the March 2014 Fiscal Year
Mazda Annual Report 2013 19