Medium-Term Plan

Mid-Term Management Plan Update and Management Policy up to 2030

Mazda announced an update on its ongoing Mid-Term Management Plan, which runs through March 2026, and Management Policy up to 2030 along with key initiatives on November 22, 2022.

Nov. 22 2022 Presentation Documents (PDF)[6.5MB]
Speech Outline (PDF)[237KB]
Presentation Video YouTube

Related Information

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Refer to "Mid-Term Management Plan Update and Management Policy up to 2030" for a summary of the presentation.

Medium-Term Management Plan Financial Metrics

The following table lists financial metrics for FY March 2026, the final year of the Medium-Term Management Plan.

Financial Metrics for FY March 2026

Net sales About ¥4.5 trillion
Profitability ROS* 5% or higher / ROE 10% or higher
Investment for the future ■ Capital investment and R&D investment: 7%–8% of net sales or lower
■ Actions for electrification, IT, and decarbonized society
Financial structure Maintenance of net cash position
Shareholder returns Sustainable payout ratio at 30% or higher
Break-even volume About 1 million units (wholesale)

*Operating income ratio

Progress Toward Financial Metrics (as of March 31, 2024)

Progress toward financial metrics during the Medium-Term Management Plan (FY March 2020-FY March 2026).

Net Sales (Billions of yen)

Net Sales

Operating Income (Billions of yen) / ROS (%)

Operating Income/ROS

Net Income Attributable to Owners of the Parent (Billions of yen) / ROE (%)

Net Income Attributable to Owners of the Parent/ROE

CAPEX and R&D Costs (Billions of yen) /
Ratio to Net Sales (%)

CAPEX and R&D Costs/Ratio to Net Sales

Net Cash (Billions of yen)

Net Cash

Dividend Per Share (Yen) /
Consolidated Payout Ratio (%)

Dividend Per Share(Yen) / Consolidated Payout Ratio(%)
(Note) 60 yen for the fiscal year ended March 31, 2024 includes a special dividend of 5 yen.

Break-even volume

About 1 million units (wholesale)

Achieved our target in the FY March 2022 earlier than planned, and continued to achieve it in the FY March 2024.


Medium-Term Management Plan Revision

Mazda announced “Medium-Term Management Plan Revision” on November 9, 2020.

We announced Medium-Term Management Plan in November 2019, but our business surroundings have drastically changed due to the spread of COVID-19. Based on lessons learned from the pandemic and after considering actions to adapt to the changing environment, we revised a part of the policy and some initiatives, and announced “Medium-Term Management Plan Revision”.

Nov. 9 2020 Presentation Documents (PDF)[2MB]
Speech Outline (PDF)[552KB]

Medium-Term Management Plan

Mazda announced "Medium-Term Management Plan" on November 1, 2019.

In the Medium-Term Management Policy, we defined three priority areas in which we need to focus our business resources and efforts: “Investment in unique products and customer experience”, “Curb expenses that depreciate brand value” and “Investment in the areas in which we need to catch up”. In the Medium-Term Management Plan, we announced major initiatives in these three areas and financial metrics.

Nov. 1 2019 Presentation Documents (PDF)[2.11MB]
Speech Outline (PDF)[47KB]

Medium-Term Management Policy

Mazda announced "Medium-Term Management Policy" on May 9, 2019.

Mazda is reaching its centennial anniversary in 2020, a grand milestone since our founding. As a milestone marking the beginning of our next 100 years, we have set out our ideal for 2030-40. To realize it, we drew up the Medium-Term Management Policy along with the direction of initiatives for the period of the new medium-term management plan (FY March 2020 to FY March 2025).

May 9 2019 Presentation Documents (PDF)[1.83MB]
Speech Outline (PDF)[37KB]

Related Information

Integrated Report Refer to the "Integrated Report"
Sustainability Report Refer to the "Sustainability Report"