Mazda Motor Corporation, a name synonymous with innovation, performance, and reliability, has built a strong reputation in the automotive world. Known for engineering feats like SKYACTIV technology and its famous rotary engines, Mazda continues to appeal to drivers and investors alike. For Canadians interested in diversifying their portfolios into the automotive sector, one question often arises: Is Mazda publicly traded, and can Canadians invest in it?
Limited Time Automotive Amazon DealsThis article explores Mazda’s status as a public company, how it is traded, and how Canadians can gain exposure to its stock, including all the nuances surrounding foreign investment, tax treatment, and strategic partnerships.
Mazda Motor Corporation is publicly traded on the Tokyo Stock Exchange (TSE) under the ticker symbol 7261.T. The company was founded in 1920 in Hiroshima, Japan, and has been publicly listed since 1949. Despite its international reach, Mazda has maintained its primary listing exclusively in Japan.
| Attribute | Information |
|---|---|
| Exchange | Tokyo Stock Exchange (TSE) |
| Ticker Symbol | 7261.T |
| ISIN Code | JP3868400007 |
| Industry | Automotive |
| Headquarters | Hiroshima, Japan |
| Year Founded | 1920 |
| Public Listing Year | 1949 |
Although Mazda is not listed on any Canadian exchange, Canadians can still invest in Mazda via American Depositary Receipts (ADRs) traded on the U.S. Over-the-Counter (OTC) market. ADRs are a form of equity security that represents shares in a foreign company and are denominated in U.S. dollars.
| ADR Symbol | Exchange Type | Description | Liquidity |
|---|---|---|---|
| MZDAY | OTC (U.S.) | Sponsored ADR, 1 ADR = 1 common share | High |
| MZDAF | OTC (U.S.) | Unsponsored ADR | Lower liquidity |
These ADRs are accessible through Canadian discount brokerages that support U.S. OTC trading, such as:
It is important to note that not all Canadian brokerages offer OTC trading, so checking with your platform is crucial.
As of May 2025, Mazda’s stock on the TSE was trading at ¥864.20 JPY, which is approximately $7.95 CAD per share, depending on current exchange rates.
| Metric | Value (in JPY) | Approx. CAD Equivalent |
|---|---|---|
| Market Capitalization | ¥544.75 billion | $5.01 billion |
| P/E Ratio | 4.8 | — |
| Dividend Yield | 6.36% | — |
| Revenue | ¥4.4 trillion | $40.5 billion |
| Net Income | ¥198.5 billion | $1.83 billion |
| Debt-to-Equity Ratio | 0.48 | — |
Mazda’s P/E ratio and high dividend yield suggest the company may be undervalued. However, this could also reflect macroeconomic challenges or industry-specific risks.
In 2015, Toyota Motor Corporation acquired a 5.1% equity stake in Mazda, forming a strategic partnership. This alliance focuses on:
| Shareholder | Ownership (%) |
|---|---|
| The Master Trust Bank of Japan, Ltd. | 17.1% |
| Custody Bank of Japan, Ltd. | 5.4% |
| Toyota Motor Corporation | 5.1% |
Toyota’s backing provides Mazda with technological strength and market reach, especially in the evolving electric vehicle landscape.
| Risk Category | Details |
|---|---|
| Currency Risk | Investments may fluctuate based on CAD/JPY and CAD/USD rates. |
| Market Liquidity | OTC markets are less liquid than major exchanges. |
| Industry Volatility | Auto stocks are cyclical and sensitive to macroeconomic factors. |
| EV Transition | Mazda lags behind peers like Tesla and Hyundai in EV adoption. |
Canadian investors must be aware of the tax implications of foreign investments, especially when dealing with Japanese equities via U.S. ADRs.
| Country | Withholding Rate | Can It Be Recovered? |
|---|---|---|
| Japan | 15.315% | Partially, via foreign tax credit |
| USA (via ADR) | 15% (if no W-8BEN form) | Yes, if eligible for tax treaty |
Tax shelters like TFSAs do not protect against withholding taxes. However, RRSPs may offer partial protection for U.S. stocks, though not necessarily for Japanese ADRs.
Canadians preferring diversified exposure can invest in ETFs that include Mazda within their portfolio.
| ETF Name | Ticker (CAD) | Mazda Included? | MER |
|---|---|---|---|
| iShares MSCI Japan ETF | XJP.TO | Yes | 0.48% |
| Vanguard FTSE Developed All Cap ex NA | VIU.TO | Likely | 0.23% |
| iShares Global Consumer Discretionary | RXI | Possibly | 0.43% |
These ETFs provide broader exposure to the Japanese or global consumer sectors, reducing single-company risk.
Mazda is indeed a publicly traded company—just not in Canada. It trades on the Tokyo Stock Exchange, with access available to Canadians through U.S. OTC ADRs like MZDAY. For those seeking exposure to a globally respected automaker with solid dividends and potential for growth, Mazda represents a compelling, albeit niche, investment.
That said, investors should be mindful of currency risks, tax complexities, and the liquidity limitations of OTC markets. Mazda’s strategic partnership with Toyota and its ongoing commitment to electrification suggest long-term resilience. For more conservative investors, international ETFs that hold Mazda stock offer a practical, low-maintenance alternative.
