TOKYO (Kyodo) -- Mazda Motor Corp. said Friday it expects chip shortages to reduce its global production by 100,000 vehicles in the current fiscal year, equivalent to 8 percent of last year's output.
Nevertheless, the carmaker plans to limit the reduction in shipments in the year through March 2022 to 70,000 vehicles by making use of inventories, Managing Executive Officer Tetsuya Fujimoto said in a telephone conference on the automaker's latest earnings.
Of the 100,000 vehicles, Mazda expects an output cut of 14,000 vehicles in April and 10,000 in May, following a combined production cut of 10,000 vehicles in the final two months of the last fiscal year.
The automaker did not disclose its production plan for the current business year but plans to ship 1.14 million vehicles worldwide. It built 1.17 million vehicles in the year ended March 31.
The automaker based in Hiroshima Prefecture is the latest in a line of domestic peers such as Nissan Motor Co. and Mitsubishi Motors Corp. to project lower production volumes due to the chip supply bottleneck.
The auto industry is grappling with a shortage of semiconductors as the pandemic boosted demand for products that use them, ranging from laptops and game consoles. The situation was worsened by widespread chip-manufacturing disruptions in Texas due to the severe weather in February and a fire at a chip plant of Japan's Renesas Electronics Corp. in March.
On the same day, Mazda reported its first net loss in nine years of 31.65 billion yen ($289 million) for the business year ended March, tumbling from 12.1 billion yen in net profit the previous year.
For the year ending March, the company expects to return to profitability with a net profit of 35 billion yen.