TOKYO, April 25 Mazda Motor Corp raised
its mid-term profit target on Friday and said it aims to post
230 billion yen ($2.3 billion) in annual operating profit by the
financial year ending in March 2016 after it hit its earlier
target two years in advance.
Japan's fifth biggest automaker by sales volume posted
record 182.1 billion yen in operating profit for the financial
year that ended in March, surpassing the previous mid-term
profit goal of 150 billion yen, buoyed by a weaker yen that made
its exporting business more profitable.
Mazda cut its global sales target in its mid-term target by
11 percent to 1.52 million vehicles, however.
($1 = 102.2350 Japanese Yen)
(Reporting by Yoko Kubota; Editing by Dominic Lau)