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

The reason for this adjustment is the expectation of a decline in Mazda's earnings per share (EPS). UBS forecasts a 19% reduction for the fiscal year ending March 2025 and an 11% drop for March 2026. The analysis attributes this decline to sluggish sales in Japan, Europe, and Asia, as well as increased competition in the U.S. market.

UBS predicts a significant 25% year-on-year decrease in Mazda's operating profit for the 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 outlook, noting that a 1% depreciation of the yen could boost the company's EPS for March 2026 by 7.9%.