TOKYO -- Mazda Motor is expected to book about 60 billion yen ($555 million) in group operating profit for the year ending March, representing a 20% to 30% drop amid sluggish sales in its top markets like the U.S. and China.
This would be Mazda's second straight year of declining profits. The company had previously projected a 34% jump to 110 billion yen, while market forecasts stood at about 73 billion yen.
