TOKYO, July 29 Mazda Motor Corp is
likely to see its April-June operating profit rise 20 times from
a year ago to around 35 billion yen ($357 million), helped by a
weakening in the yen and strong sales of new models, the Nikkei
business daily reported on Monday.
Mazda, which in the first six months of 2013 produced more
than three-quarters of its vehicles in Japan and exported more
than 80 percent of them, is the most reliant of Japan automakers
A weaker yen increases the value of earnings garnered abroad
when they are repatriated and makes exports more profitable.
Japan's fifth-biggest automaker is scheduled to announce
first quarter results on Wednesday.
Mazda spokeswoman Misato Kobayashi declined to comment on
the report, saying only that the company had not made an
The company also saw strong sales of its CX-5 SUV and the
Mazda6. These models have common parts and have helped the
company's profitability improve, the Nikkei said without citing
($1 = 98.1300 Japanese yen)
(Reporting by Yoko Kubota; Editing by Edwina Gibbs)