|
 |
|
 1.Volume Assumption - Shipment Volume from Isuzu -
| (k. units) |
|
Mar.'02 |
Mar.'03 |
Mar.'04 |
Mar.'05 |
| SUP |
JPN |
64 |
57 |
66 |
68 |
| NA |
25 |
20 |
14 |
17 |
| Other |
137 |
143 |
90 |
77 |
| Total |
226 |
220 |
170 |
162 |
| KD set/Compo. |
NA |
69 |
33 |
35 |
34 |
| Thailand |
57 |
100 |
143 |
199 |
| Other |
77 |
105 |
100 |
82 |
| Total |
203 |
238 |
278 |
315 |
| JPN Industry Sales |
HD
(Mkt. share%) |
78
23.8 |
74
25.2 |
82
25.2 |
87
25.2 |
LD
(Mkt. share%) |
93
31.8 |
86
33.7 |
97
33.7 |
104
33.7 |
| FX(Y/$) |
|
125 |
120 |
120 |
120 |
|
2.Revenue/Earnings
| (Ybil.) |
|
Mar.'02 |
Mar.'03 |
Mar.'04 |
Mar.'05 |
| Sales Revenue |
Cons.
Incl. CV |
1,597.7
594.7 |
1,270.0
710.0 |
1,220.0
730.0 |
over 1,270.0
over 760.0 |
Operating
Profit |
Cons.
Incl. CV |
15.1
18.1 |
5.0
18.0 |
50.0
42.0 |
over 60.0
over 50.0 |
| Net Income |
Cons. |
(42.9) |
(170.0) |
35.0 |
over 50.0 |
|
2- (1) Parent Company
| |
|
Mar.'02 |
Mar.'03 |
Mar.'04 |
Mar.'05 |
| Sales volume(k.units) |
HD |
33.6 |
34.4 |
38.7 |
41.9 |
| LD |
94.7 |
105.7 |
101.3 |
110.4 |
| Sales revenue (Ybil.) |
|
761.9 |
740.0 |
700.0 |
700.0 |
| Operating profit |
|
8.1 |
11.0 |
40.0 |
50.0 |
| Net income |
|
(56.2) |
(181.0) |
30.0 |
40.0 |
|
<Variance analysis (Operating Profit) >
* as compared to actual results through March '02 |
Vol/Mix |
(23.0) |
(11.0) |
(9.0) |
| Material cost reduction |
5.0 |
15.0 |
22.0 |
| FX |
(2.0) |
(2.0) |
(2.0) |
| Labor cost |
22.0 |
27.0 |
28.0 |
| Expense |
0.9 |
2.9 |
2.9 |
|
2-(2) Domestic Consolidated Dealers
| |
|
Mar.'02 |
Mar.'03 |
Mar.'04 |
Mar.'05 |
Sales volume
(k. units) |
HD |
11.9 |
11.5 |
12.0 |
12.4 |
| LD |
30.0 |
28.5 |
29.3 |
29.7 |
| Sales revenue |
|
357.0 |
340.0 |
350.0 |
360.0 |
| Operating profit |
|
(5.0) |
3.0 |
5.0 |
6.0 |
| Net income |
|
(17.0) |
(7.0) |
- |
- |
|
<Variance analysis (Operating Profit) >
* as compared to actual results through March '02 |
-Gross profit improvement, etc. |
2.0 |
2.5 |
3.5 |
-Fixed cost reduction
(incl. labor cost) |
6.0
4.5 |
7.5
6.0 |
7.5
6.0 |
| -Number of employees (aver.) ps |
7,031 |
6,811 |
6,811 |
| -Revenue per head (Ymil.) |
48.8 |
51.4 |
52.3 |
|
2-(3) North American Subsidiaries
| |
|
CY01 |
CY02 |
CY03 |
CY04 |
Sales volume
(k. units) |
CV |
21.4 |
21.8 |
22.8 |
22.8 |
| SUV |
82.9 |
37.6 |
39.4 |
40.3 |
| Sales revenue (mil.$) |
|
4,930 |
2,800 |
2,950 |
3,000 |
| Operating profit |
|
(150) |
(200) |
- |
20 |
| Net income |
|
(190) |
(250) |
(40) |
4 |
|
<Variance analysis (Operating Profit) >
* as compared to actual results through March '02 |
Gross profit improvement
(Included: effects of OEM) |
80
50 |
75
70 |
Sales cost reduction
(incl. labor cost)
(incl. ad.promo exp.) |
120
30
40 |
145
30
60 |
|
3. Consolidated Cashflow
| (Ybil.) |
|
Mar.'02 |
Mar.'03 |
Mar.'04 |
Mar.'05 |
| CF |
Operating CF |
59.0 |
13.0 |
50.0 |
64.0 |
| Severance allowance |
(14.0) |
(42.0) |
|
|
| Investing CF |
6.0 |
13.0 |
(15.0) |
- |
| Free CF |
65.0 |
26.0 |
35.0 |
64.0 |
| Financing CF |
(123.0) |
(34.0) |
(43.0) |
(65.0) |
| Total |
(58.0) |
(8.0) |
(8.0) |
(1.0) |
| Main Items |
Debt |
738.7 |
560.0 |
510.0 |
450.0 |
| Total equity |
61.0 |
2.0 |
39.0 |
91.0 |
| Capex |
67.6 |
29.0 |
28.0 |
26.0 |
| D&A |
73.6 |
34.0 |
32.0 |
31.0 |
|
 |
6/6 |
|
|
