Mazda Motor Corp. announced today that its assembly plants in Japan are once again at pre-quake production levels and that it expects its global vehicle sales to rise. In April, the automaker said that it could take until the end of the year to reach pre-quake output levels.
Japanese automakers and suppliers were hit hard by an earthquake and tsunami on March 11. The natural disasters shattered the country's supply chain and paralyzed assembly plants at home and abroad.
Mazda, which is based in the western city of Hiroshima, was not as badly affected by the quake, which was centered off the country's northeast Pacific coast. Mazda’s two plants in Japan have been operating steadily, but at limited output, since April 13.
Mazda said today that it expects a domestic production volume of 900,000 units, up from 866,992 in its previous fiscal year ended in March, and global vehicle sales of 1,305,000 million units -- up slightly from last year.
The automaker also predicted sales revenue of 2.19 trillion yen through March 2012 and operating profit of 20 billion yen ($247 million), a 16 percent decline from its last fiscal year due to the stronger yen and supply chain disruptions from the quake.
Mazda forecasts a net profit of 1 billion yen, swinging from a 60 billion yen loss last year.