FY2011 Q1 Financial Results€¦ · FY2011 Q1 Consolidated Results - Ordinary income, Net income, Year-on-year - ( JPY Bil. ) FY11 Q1 FY10 Q1 Changes Net Sales 366.3 187.4 178.9 Operating

1 Copyright(C) 2010 Isuzu Motors Limited All rights reserved

August 4, 2010August 4, 2010

FY20FY20111 Q1 Financial Results1 Q1 Financial Results


1.1. FY20FY20111 Q1 Outline1 Q1 OutlineDirector : Toshio Sasaki

2.2. FY20FY20111 Q1 Financial Summary1 Q1 Financial Summary

3. 3. FY2011FY2011 FullFull--year Outlookyear OutlookExecutive Officer : Masayuki Fujimori

4. Q&A4. Q&A

ContentsContents

Statements contained in this presentation, except for historical or current facts, are based on certain assumptions and our management's judgment in light of currently available information. Therefore, these statements may be susceptible to various factors, such as uncertainty contained in the assumptions and management's judgment and economic changes in the future, which may cause to bring about different results in Isuzu's future earnings and operating results.

Moreover, this presentation is not intended to solicit investment in Isuzu. Isuzu assumes no responsibility for any losses and liabilities that may be incurred because of the information in this presentation.


1. FY2011 Q1 Outline1. FY2011 Q1 Outline


(JPY Bil.) FY11 Q1 FY10 Q1 Changes

Net Sales 366.3 187.4 178.9

Operating Income 23.8 -14.6 38.4

Ordinary Income 23.1 -16.2 39.3

Net Income 12.4 -16.6 29.0

* FX: FY11 Q1 = 93JPY/US$FY10 Q1= 97JPY/US$

FY2011 Q1 Consolidated ResultsFY2011 Q1 Consolidated Results-- YearYear--onon--year Comparison year Comparison --


FY2011 FullFY2011 Full--year Outlookyear Outlook-- YearYear--onon--year Comparisonyear Comparison --

※FX: FY11 = 86JPY/US$FY10 = 91JPY/US$

1HF 2HF TotalNet Sales 740.0 710.0 1,450.0 1,080.9 369.1 110.0

Operating Income 38.0 27.0 65.0 11.0 54.0 20.0Ordinary Income 37.0 28.0 65.0 11.4 53.6 23.0

Net Income 20.0 20.0 40.0 8.4 31.6 20.0

( JPY Bil. )FY11

Changes Changes fromPrevious Forecast

(May 11)

FY10


22--11. Market Information. Market Information


JapanJapan

816

5542

North AmericaNorth

America

1

6 6

9

Mid-South America

Mid-South America

33

2

16

3

OceaniaOceania

91

99

9 4 1111

25

AsiaAsia

31

16 3

64

1515

34

Mid-East/Africa

Mid-East/Africa

83

25

EuropeEurope 4

ChinaChina

25

6565

45455

3388

2424

46465959

99

9

Shipment FY09 FY10 FY11Q1 66,411 22,687 67,142

Full-Year 248,423 168,894 264,000（Forecast）

ISUZU CV Global ShipmentISUZU CV Global Shipment-- Vehicle and KDVehicle and KD--SET, etc: KSET, etc: K--units units --

：Ｑ1

1212

191922

’09/3 ’10/3 ’’11/311/3

(Forecast)(Forecast)

2266

’09/3 ’10/3 ’’11/311/3

（（ForecastForecast））

( ):Previous Forecast( ):Previous Forecast

(7)(7)

(65)(65)

(45)(45)

(8)(8)

(22)

(9)(9)

(41)(41)(55)(55)

( 253,000）

’09/3 ’10/3 ’’11/311/3


’09/3 ’10/3 ’’11/311/3


’09/3 ’10/3 ’’11/311/3


’09/3 ’10/3 ’’11/311/3


’09/3 ’10/3 ’’11/311/3


’09/3 ’10/3 ’’11/311/3



ISUZU CV Global Shipment FY2011 OutlookISUZU CV Global Shipment FY2011 Outlook-- Vehicle and KDVehicle and KD--SET, etc: KSET, etc: K--units units --

１HF ２HF TotalJapan 24 21 45 45 0

North America 4 5 9 8 1Asia 22 24 46 41 5

Europe 4 4 8 7 1Mid-South Amer ica 13 11 24 22 2

Mid-East 19 21 41 39 2Africa 9 9 18 16 2

Oceania 4 5 9 9 0China 33 31 65 65 0Total 131 133 264 253 11

PreviousForecast Changes


49

26

883

OceaniaOceania

5

18

66

2226

155

AsiaAsia

165

23 7

67

5151

6767

4 1

11 1616

EuropeEurope

4

ChinaChina

182626

139

16

191988

43

2121

ISUZU LCV Global ShipmentISUZU LCV Global Shipment-- Vehicle and KDVehicle and KD--SET, etc: KSET, etc: K--units units --

9944

：Ｑ1

56

1616

(190)(190)

(21)(21)(14)(14)

3333 (24)(24)(22)(22)

(59)(59)

( 329,400)( 329,400)

’09/3 ’10/3 ’’11/311/3(Forecast)

Mid-East/Africa

Mid-East/Africa


Shipment FY09 FY10 FY11Q1 102,071 40,645 94,285

Full-Year 305,801 258,553 361,000

（Forecast）

Mid-South America

Mid-South America

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)


ISUZU Global ProductionISUZU Global Production-- Country Segment, Country Segment, Diesel EngineDiesel Engine: K: K--units units --

JapanJapan

243

378

36126

ChinaChina

7

32

1212

41

164

55

168

4 556

2515

ISPOLISPOL

2749

3535

150150144

DMAXDMAX

30

70

ThailandThailand

IndonesiaIndonesia

122

404099

5151

208208

6969

2244

5555

(369)(369)

9696

29

(199)(199)

8

(69)(69)

(21)(21)

(135)(135)

(49)(49)72

20

(( 560560))

(( 9898))

(( 184184))

(( 842842))( ):Previous Forecast( ):Previous Forecast

：Ｑ1FY09 FY10 FY11

Q1 168 71 139Full-Year 517 414 584

Q1 26 6 25Full-Year 84 49 127

Q1 80 46 35Full-Year 214 194 206

Q1 274 123 200Full-Year 815 657 917

(Forecast）

Total

Global Production

Vehicle/KD set

Industrial Engine

GM Vehicles’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)

’09/3 ’10/3 ’’11/311/3(Forecast)


23,557 18,094 16,5906,893

32,871

25,05920,265

10,965

49,000

41,963

26,109

23,764

12,632

14,400

18,000

29.3%31.4%

29.7%

32.9% 34.0%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

FY07 FY08 FY09 FY10 FY110%

5%

10%

15%

20%

25%

30%

35%

H2

Q1

Q2

（Unit） FY07-FY10 : FY Actual

FY11: FY11-Q1 Actual

（Share）FY07FY07--FY10 : FY ActualFY10 : FY Actual

FY11: FY11FY11: FY11--QQ1 Actual1 Actual

445,0005,000 （（ForecastForecast))

Japan Industry Sales and Isuzu ShareJapan Industry Sales and Isuzu Share-- H/D, M/D Truck:4ton or aboveH/D, M/D Truck:4ton or above --

105,428

85,116

62,964

41,622((444,000)4,000)

(18,000)(18,000)

(26,000)(26,000)



（Unit）

29,58721,244 17,954

9,298 10,875

37,196

24,37420,928

12,861

54,047

44,213

31,177

26,700

15,500

24,500

39.0% 38.6% 39.1% 40.0%40.9%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

FY07 FY08 FY09 FY10 FY110%

6%

12%

18%

24%

30%

36%

42%

H2

Q2

Q1

70,059 551,0001,000（Forecast）

48,859

（Share）

Japan Industry Sales and Isuzu ShareJapan Industry Sales and Isuzu Share-- L/D(2L/D(2--3ton) Truck3ton) Truck --

89,831

120,830

FY07-FY10 : FY ActualFY11: FY11-Q1 ActualFY07FY07--FY10 : FY ActualFY10 : FY ActualFY11: FY11FY11: FY11--QQ1 Actual1 Actual

(50,000)(50,000)

(24,000)(24,000)

(26,000)(26,000)



IsuzuIsuzu pickpick--up truck monthly sales in Thailandup truck monthly sales in Thailand

（K-Units）

DD--MAXMAX

8.2

10.1 10.2

9.4 9.5

10.8

7.8

10.2

12.3

9.4

11.2

9.910.9

11.9

9.6

13.7

10.1

12.1 11.8

9.69.8

8.28.3

7.97.88.08.2

7.16.7

12.3

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2008 2009 2010


Thailand LCV ProductionThailand LCV Production-- Thai Domestic / Export Markets Thai Domestic / Export Markets --

193,286

73,827

52,530

188,090

72,805

71,160

153,464

81,641

79,245

122,724

67,772

64,485

118,120

55,128

44,325

147,000

77,000

74,000

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

FY06 FY07 FY08 FY09 FY10 FY11

Domestic

Export

KD-SET217,573

319,643

（Forecast）

254,981

332,055 314,350

(Unit)

298,000(278,000)(278,000)

(57,000)(57,000)


(74,000)(74,000)

(147,000)(147,000)


22--2.2. FY2011 Q1 Financial SummaryFY2011 Q1 Financial Summary


FY2011 Q1 Consolidated ResultsFY2011 Q1 Consolidated Results-- YearYear--onon--year Comparison year Comparison --

※FX： FY11 Q1＝93JPY/US$FY10 Q1＝97JPY/US$

( JPY Bil. ) FY11 Q1 FY10 Q1 Changes

Net Sales 366.3 187.4 178.9

Operating Income 23.8 -14.6 38.4

Ordinary Income 23.1 -16.2 39.3

Net Income 12.4 -16.6 29.0


FY2010 vs. FY2011 Q1 FluctuationsFY2010 vs. FY2011 Q1 Fluctuations-- Consolidated operating income: analysis of change, Consolidated operating income: analysis of change, JPY:BilJPY:Bil. . --

-14.6

Ｑ１

Ｑ１

23.8

38.4

35.0

1.4 -1.10.72.4

Operating Incomefor FY11


FX Fixed Cost

Fluctuation

Material C

ost R

eduction

Steel, Oil Price etc.

Fluctuations

Sales/Model M

ix


Operating Income Change 38.4* Equity in Earnings of Affiliates: 1.6* Others: -0.7

Total 39.3

Ordinary Income 23.1* Loss on disposal of noncurrent assets,etc: -1.9* Tax and minority interests: -8.8

Net Income 12.4

OrdinaryIncom

eExtra Profit /

Loss etc.

FY2011 Q1 Consolidated ResultsFY2011 Q1 Consolidated Results-- Ordinary income, Net income, YearOrdinary income, Net income, Year--onon--year year --

( JPY Bil. ) FY11 Q1 FY10 Q1 Changes

Net Sales 366.3 187.4 178.9Operating Income 23.8 -14.6 38.4Ordinary Income 23.1 -16.2 39.3

Net Income 12.4 -16.6 29.0


3. FY2011 Full3. FY2011 Full--year Outlookyear OutlookApril 2010 April 2010 -- March 2011March 2011


FY2011 FullFY2011 Full--year Outlookyear Outlook-- YearYear--onon--year Comparisonyear Comparison --

※FX: FY11 = 86JPY/US$FY10 = 91JPY/US$

1HF 2HF TotalNet Sales 740.0 710.0 1,450.0 1,080.9 369.1 110.0

Operating Income 38.0 27.0 65.0 11.0 54.0 20.0Ordinary Income 37.0 28.0 65.0 11.4 53.6 23.0

Net Income 20.0 20.0 40.0 8.4 31.6 20.0

( JPY Bil. )FY11

Changes Changes fromPrevious Forecast

(May 11)

FY10


FY2010 vs. FY2011FY2010 vs. FY2011 FluctuationsFluctuations-- Consolidated operating income: analysis of change, Consolidated operating income: analysis of change, JPY:BilJPY:Bil.. --

11.0

54.066.0

13.0

-10.0

65.0

-12.0

-3.0

Operating Incomefor FY10 （Forecast）


Sales/Model M

ix

( ):Previous Forecast( ):Previous Forecast (+11.0) (+47.0) (-12.0) (-12.0) (±0) (45.0)M

aterial Cost

Reduction

Steel, Oil Price

etc. Fluctuations

FixedC

ost Fluctuation

FX


FY2011 FullFY2011 Full--year Outlookyear Outlook-- Ordinary income, Net income, YearOrdinary income, Net income, Year--onon--yearyear --

Operating Income Change 54.0* Equity in Earnings of Affiliates: 1.6* FX gain and loss, Other: -2.0

Total 53.6

Ordinary Income 65.0* Loss on disposal of noncurrent assets,etc: -5.0* Tax and minority interests: -20.0

Net Income 40.0

OrdinaryIncom

eExtra Profit /

Loss etc.

( JPY Bil. ) FY11 FY10 ChangesNet Sales 1,450.0 1,080.9 369.1

Operating Income 65.0 11.0 54.0Ordinary Income 65.0 11.4 53.6

Net Income 40.0 8.4 31.6


FY2011 Q1 Financial Results€¦ · FY2011 Q1 Consolidated Results - Ordinary income, Net income, Year-on-year - ( JPY Bil. ) FY11 Q1 FY10 Q1 Changes Net Sales 366.3 187.4 178.9 Operating

Documents