Mazda has reported a 238% increase in operating income for the fiscal full year to 31 March, 2014, booking a JPY182.1bn profit, up JPY128.2bn year on year.

It said improvements in volume, product mix, costs and foreign exchange rates versus the yen were the main reasons. Net income rose JPY101.4bn to JPY135.7bn on sales of JPY2,692.2bn, up JPY487.0bn or 22.1% due to stronger sales of its Skyactiv models worldwide. 

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“Although the outlook for the economies of emerging countries was uncertain, overall the economy continued to make a gradual recovery. The US economy continued its gradual improvement, and signs of recovery were also seen in the European economy. The Japanese economy is on the way to a solid recovery as the result of fiscal and monetary policies implemented by the government and the Bank of Japan, and last-minute demand was seen prior to the recent hike in the consumption tax,” Mazda said in a statement.

Retail volume in Japan was 244,000 units, up 12.6% year on year as orders for the redesigned Axela (3 overseas) “far exceeded the target” and Atenza/6 and CX-5 sales remained strong.

Retail volume in North America rose 4.9% to 391,000 units.

European was flat but sales in Germany, Russia and the United Kingdom were strong enough to hike retail volume 20.5% to 207,000 units.

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In China the locally manufactured CX-5 drove sales up 12.5% to 196,000 units.

In other markets, although sales remained strong in Australia, volume declined 2% in Thailand to 293,000 units.

Total global retail volume rose 7.8% to 1,331,000 units.