Mazda posts Q4 loss on yen, quake impact

TOKYO: Japan's Mazda Motor on Thursday posted a net loss in the fiscal fourth quarter due to the strength of the yen, slow sales and the impact of the devastating March 11 earthquake and tsunami.

Japan's fifth-largest car maker by volume posted a net loss of 62.8 billion yen ($763 million) in the three months ended March 31, compared with a net profit of 9.9 billion yen in the same quarter last year.

Due to the lingering impact of Japan's biggest recorded earthquake, tsunami and ensuing supply chain disruption, Mazda said it was unable to make any reasonable forecasts for earnings for the fiscal year started April.