Mazda 2015 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ... 24 Safety Technologies 25 Monotsukuri Innovation 26 Mazda CSR 27 Business Management System Japan North America Europe China Other Markets 18 Global Network 08 Interview with the Executive Vice President 20 Major Product pineup Corporate Data 34 Financial Highlights 35 Eleven-Year Summary of...

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    ... CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data what's M{zd{ Design Breathing Life into the Car. That's Mazda's Design Philosophy. A car isn't simply a mass of metal. Mazda believes...

  • Page 4
    ... CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data what's M{zd{ TECHNOLOGY Revolution That Takes Cars to the Next Level. Taking the car's basics back to the drawing board, Mazda has...

  • Page 5
    ... Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data what's M{zd{ safety Safety Is in the Driver's Hands. MAZDA PROACTIVE SAFETY: in support of the driver This concept also led...

  • Page 6
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Message from President and CEO: To Shareholders and Investors While continuing steady volume growth, we will aim for qualitative business growth...

  • Page 7
    ...CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Message from President and CEO: To Shareholders and Investors Review of the March 2015 fiscal year Although the March 2015 fiscal year saw...

  • Page 8
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 1 ssage from Management Growth Strategy Review of Operations Corporate Data Message from President and CEO: To Shareholders and Investors have successively rolled out new-generation products equipped with SKYACTIV TECHNOLOGY...

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    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Message from President and CEO: To Shareholders and Investors With a full lineup of SKYACTIV-equipped models, we are aiming for a solid 11% increase in sales volume...

  • Page 10
    ... Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Interview with the Executive Vice President We aim for stable, sustainable growth by establishing a solid financial foundation. and maximize capacity utilization at major production sites...

  • Page 11
    ... Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Interview with the Executive Vice President Mexico fully operational, we are making steady progress in this area with increased overseas production volume and...

  • Page 12
    10 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data SPECIAL FEATURE Structural Reform Stage 2 Aiming for qualitative growth and brand value improvement Mazda has been ...

  • Page 13
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data SPECIAL FEATURE Structural Reform Stage 2 Moreover, during the period covered by Structural Reform Stage 2, we plan to introduce five models...

  • Page 14
    12 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data SPECIAL FEATURE Structural Reform Stage 2 Our brand campaign features the slogans "Be a driver" in Japan and "Driving ...

  • Page 15
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data SPECIAL FEATURE Structural Reform Stage 2 We also intend to address customer needs globally by increasing flexibility in our production of sedans...

  • Page 16
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Japan Overview of March 2015 Fiscal Year Results In the wake of the April 2014 consumption tax rate increase, total demand in the Japanese market...

  • Page 17
    ... Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data North America Overview of March 2015 Fiscal Year Results Total demand in the United States rose 7% from the previous year, to...

  • Page 18
    ... to optimize our dealer network and promote the establishment of stores at open points. New Mazda2 (European specification) Sales Volume Sales Volume (Thousands of units) 229 Market Share (%) 240 183 1.0 207 172 1.0 1.2 1.3 2012 2013 2014 2015 2016 (Years ended (Forecast) FOCUS March...

  • Page 19
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data China Sales Volume Sales Volume (Thousands of units) 223 175 1.2 0.9 0.9 0.9 196 215 Market Share (%) 220 Other Markets Sales Volume Sales Volume...

  • Page 20
    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Global Network 26 Changan Mazda Automobile 8 Hiroshima Plant 9 Hofu Plant pocation : Nanjing, China Production capacity : 220,000 units per year Models in production...

  • Page 21
    19 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 02 Message from Management Review of Operations Corporate Data Global Network Major Facilities Japan Headquarters 1 2 3 4 Trends in Production Volume â- Japan (Number of dealerships: 1,026) â- ...

  • Page 22
    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Major Product pineup Sales markets and production bases: J Japan N North America E Europe C China O Other markets *1. Global sales volume is for the March 2015 fiscal year...

  • Page 23
    21 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data pong-Term Vision for Technology Development "Sustainable Zoom-Zoom" Basic Approach to the Environment As vehicle ownership ...

  • Page 24
    ... CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data pong-Term Vision for Technology Development Building-Block Strategy We anticipate that petroleum resources will still be the main energy...

  • Page 25
    ...Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data SKYACTIV TECHNOpOGY Mazda has made dramatic improvements to the base technologies for a car's basic performance-including to the engine, transmission...

  • Page 26
    ...CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Safety Technologies Mazda Proactive Safety Mazda's objective for safety performance Mazda's safety philosophy, which guides the research and...

  • Page 27
    ... Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Monotsukuri Innovation Aims of and Thinking behind Monotsukuri Innovation Achieving diversity to meet various customer needs while reducing costs Expanding the number of models and parts...

  • Page 28
    ...CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Mazda CSR Corporate Vision*1 We love cars and want people to enjoy fulfilling lives through cars. We envision cars existing sustainably with...

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    ...CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Business Management System Corporate Governance Mazda views the enhancement of corporate governance as one of its most important management...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Business Management System Cooperation Among Parties Responsible for Auditing Audit & Supervisory Board members (full-time), the auditing company...

  • Page 31
    ...the auditing department, participate in each company's Audit Committee meetings and exchange opinions. Mazda's executive officers and full-time Audit & Supervisory Board members also attend the meetings at the Group companies in Europe, North America and Australia. In the March 2015 fiscal year, the...

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    30 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Business Management System Internal Controls Mazda has established the Mazda Corporate Ethics Code of Conduct, which ...

  • Page 33
    ... Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Business Management System Protection of Personal Information Mazda rigorously protects personal information in line with its...

  • Page 34
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Business Management System Directors, Audit & Supervisory Board Members, and Executive Officers (As of June 23, 2015) Directors Number of shares...

  • Page 35
    ...CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Corporate Data Business Management System Executive Officers President and CEO* Managing Executive Officers Executive Officers Masamichi Kogai Executive...

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    34 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Cyz{yz|}~ |}| Message from Management Growth Strategy Review of Operations Financial Highlights Global Sales Volume / SKYACTIV Ratio â- Global Sales Volume (Thousands of units) SKYACTIV Ratio (%) ...

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    ... CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations Eleven-Year Summary of Consolidated Financial Statements 2015 2014 2013 2012 2011 Millions of yen 2010 Mazda Motor Corporation and Consolidated...

  • Page 38
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations Management Review and Analysis March 2015 Fiscal Year Review of Operations Operating Environment The operating environment for the Mazda Group in the March 2015...

  • Page 39
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations included higher investment for research and development and fixed costs for a new plant in Mexico. Nevertheless, operating income grew on expanded sales volume...

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    38 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations offset by the payment of income taxes and a decrease in working capital from an increase in inventories. Investing activities used net ...

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    39 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations Business Risks Significant risks that could affect the Mazda Group's business results and financial position include those listed ...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations and breaches of supply contracts. Should the Group be unable to absorb the effects of any increases in the prices of the materials being procured by the Company...

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    ... CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 C Message from Management Growth Strategy Review of Operations 12. Financial Accounting Including the financial accounting factors set out below, the Group's operating results and financial position could...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C0 ¡0 '¢% £'¢' Consolidated Balance Sheets ASSETS 2015 Mazda Motor Corporation and Consolidated Subsidiaries March 31, 2015 and 2014 Millions of yen 2014...

  • Page 45
    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income Millions of yen 2015 2014 Thousands of U.S. dollars (Note 1) 2015 Mazda Motor Corporation...

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    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Consolidated Statements of Changes in Net Assets Capital and retained earnings Mazda Motor Corporation and Consolidated Subsidiaries Years ended March 31, 2015 and 2014 Common stock...

  • Page 47
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Consolidated Statements of Cash Flows Millions of yen 2015 2014 Mazda Motor Corporation and Consolidated Subsidiaries Years ended March 31, 2015 and 2014...

  • Page 48
    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C&()&(123 4121 Notes to Consolidated Financial Statements 1 Mazda Motor Corporation and Consolidated Subsidiaries BASIS OF PRESENTING CONSOLIDATED FINANCIAL...

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    47 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C5675689@ A898 If the fair market value of equity securities issued by unconsolidated subsidiaries and affiliated companies not on the ...

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    48 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations CBCDBCEFG HEFE Income taxes Income taxes are comprised of corporation, enterprise and inhabitants taxes. Deferred tax assets and ...

  • Page 51
    ... exchange forward contracts on the resulting net position. Investment securities consist mainly of stocks of our business partner companies and are subject to the risk of market price fluctuations and other factors. Long-term loans receivable are provided mainly to our business partner companies...

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    ... CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations CVWXVWY`a bY`Y Fair values of financial instruments As of March 31, 2015 and 2014, the carrying values on the consolidated balance sheet, the fair values...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Ccdecdfgh ifgf Basis of measuring fair value of financial instruments The fair values of some financial instruments are based on market prices. When market prices...

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    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Cpqrpqstu vsts 5 SECURITIES The Group had no trading or held-to-maturity debt securities at March 31, 2015 and 2014. Available-for-sale securities with market values as of March 31, 2015...

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    53 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Cwxywx 9 SHORT-TERM DEBT AND LONG-TERM DEBT Short-term debt as of March 31, 2015 and 2014 consisted of loans, principally from banks ...

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    54 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Millions of yen For the years ended March 31 2015 2014 Thousands of U.S. dollars 2015 The breakdown of items of adjustments for ...

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    55 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C 11 CONTINGENT LIABILITIES Thousands of U.S. dollars 2014 2015 Contingent liabilities as of March 31, 2015 and 2014 were as follows: ...

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    56 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C˜™d˜™efg hefe Deferred tax assets and liabilities reflect the estimated tax effects of loss carryforwards and accumulated temporary ...

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    57 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Cijkijlmn olml Derivative transactions are conducted in compliance with internal control rules and procedures that prescribe transaction ...

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    58 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Cpqrpqstu vsts The following tables summarize fair value information as of March 31, 2015 and 2014 of derivative transactions for which ...

  • Page 61
    ... Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations Cwxywxz{| }z{z Net sales, income or loss, and assets by reportable segments Net sales, income or loss, and assets by reportable segments for the years ended March 31, 2015 and 2014...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Millions of yen Reportable segments For the year ended March 31, 2014 Japan North America Europe Other areas Total Adjustment (*1) Consolidated (*2) Net sales...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Independent Auditor's Report To the Board of Directors of Mazda Motor Corporation: We have audited the accompanying consolidated financial statements of Mazda...

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    ... Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C Stock Information (As of March 31, 2015) Corporate Data (As of March 31, 2015) Authorized: Issued: Number of shareholders: Listing: Code: Fiscal year-end...

  • Page 65
    63 Introduction CONTENTS Foundations Underpinning Sustainable Growth Mazda Annual Report 2015 Message from Management Growth Strategy Review of Operations C History of Mazda CORPORATE g en in es im a st di ric t) n (M M ) UC , pa ny Li m ite d (A ) AT , % .4 33 ng be gi ns om -Z m oo "i sa ...

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