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The company is based in Hiroshima, Japan, and is closely affiliated with Ford Motor Company, which owns ~33.4% of Mazda. Mazda enjoyed record-breaking profits in 2006, with highlights as follows (in yen). Mazda plans to increase sales, profitability, net income, retail volume and to resume interim dividends in 2007. According Mazda's fiscal year 2006 financial report, Mazda's goal is to sell 1.35 million units in 2007, a 4% increase over the previous year.
Mazda 2006 Financial Highlights
- Sales revenue increases to a record 3,247.5 billion yen
- Operating profit up to a record 158.5 billion yen
- Net income increases to a best-ever 73.7 billion yen
- Six yen dividend per share declared
Mazda's History
Mazda, as with many Japanese automakers, began as a manufacturer of other products. The Toyo Cork Kogyo Company was founded in 1920 by Jujiro Matsuda to manufacture cork products. It was not until 11 years after its founding that the Toyo Cork Kogyo Company would begin producing motor vehicles. In 1931, the company introduced its first vehicle, the Mazda Mazdago. The Mazdago was a three-wheeled utility truck/motorcycle sold by Mitsubishi. The Mazda Museum still retains an example of a 1935 Mazdago in its collection.
Even though the Toyo Cork Kogyo Company had always produced vehicles under the Mazda name, it wouldn't be until 1984 that the company would officially adopt the Mazda moniker for its operations.
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