Mazda Motor Corp's price target has been revised by UBS, with a decrease to ¥900 from ¥1,000. Despite this adjustment, UBS maintains a Sell rating.

The reason for the revision is the expectation of a downturn in Mazda's earnings per share (EPS). UBS forecasts a 19% reduction for the fiscal year ending March 2025 and an 11% decrease for the following year. The factors influencing this outlook include sluggish sales in Japan, Europe, and Asia, as well as increased competition in the U.S. market.

UBS also predicts a significant 25% year-over-year decline in Mazda's operating profit for the fiscal year ending March 2026, which exceeds the market consensus of a single-digit decline. Furthermore, UBS highlights the potential impact of currency fluctuations on Mazda's financial performance, noting that a 1% depreciation of the yen could boost the company's EPS for the fiscal year ending March 2026 by 7.9%.