Despite a 14.2% year on year rise in sales to JPY806,007m, Mazda Motor Corporation (MMC) booked a 5.4% rise in fiscal first quarter operating income to JPY53.3m and net income off 24.8% to JPY36.8m.

Mazda said key factors in the operating income fall were “the effect of fluctuation of emerging countries’ currencies and increased depreciation expense with the full-scale operations [overseas]”.

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Global retail volume was up 15.8% to 370,000 units thanks mainly to strong sales of the Demio/2 and Axela/3 with some contribution from the new CX-3 compact SUV. A new Roadster/MX-5 was launched towards the end of the quarter.

Full year forecasts were left unchanged.

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