UBS has lowered its price target for Mazda Motor Corp to ¥900 from ¥1,000, maintaining a Sell rating due to anticipated declines in earnings per share (EPS) amid weak sales in Japan, Europe, and Asia, and increased competition in the U.S. market. The firm forecasts a 19% drop in EPS for the fiscal year ending March 2025 and an 11% decrease for March 2026, alongside a significant 25% year-over-year fall in operating profit for March 2026. Additionally, a 1% depreciation of the yen could boost EPS by 7.9%, highlighting currency sensitivity.