Mazda to increase capital to finance investments

Author: Translation: Panker Gergő // 02/22/2012 12:28

In order to finance the increase in production capacity and technology development, Mazda Motor Corporation is carrying out an increase of capital in March with an upper limit of 230 billion yen.

Mazda will issue new shares at a face value of 160 billion yen: 1,099.75 million public and 119.25 million private shares. The number of public shares will increase by 68%.

In addition to issuing new shares, Mazda will take 70 billion yen loan from financial institutes such as Sumitomo Mitsui Banking Corp, Sumitomo Trust Banking Co, The Development Bank of Japan, Hiroshima Bank, Yamaguchi Bank and Momiji Bank.

Mazda will close the current financial year with a 100 billion yen loss on group-level. This will be Mazda’s fourth consecutive year showing a deficit.

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