Supplement(Consolidated)

Supplement Material:
May 23, 2005
Corporate Communications,
Isuzu Motors Limited

Financial Summary: FY2005 Consolidated Results
- April 1 2004 through March 31 2005 -


Unit: JPY in billion, Fraction less than half omitted
Volume in thousand units.
Changes from last year expressed in percent in bracket.
Negative numbers shown with the bracket

  FY2004
(April '03 to March '04)
FY2005
(April '04 to March '05)
FY2006 Forecast
(April '05 to Mar '06)
Sales Revenue
1,430.3 6.0%
1,493.6 4.4%
1,540.0 3.1%
Japan
Worldwide
627.4
803.0
32.4%
(8.3%)
625.7
867.8
(0.3%)
8.1%
630.0
910.0
0.7%
4.9%
Operating Profit
% to sales
84.5
5.9%
446.4%
87.2
5.8%
3.2%
80.0
5.2%
(8.3%)
Working Profit
% to sales
81.7
5.7%
-
91.6
6.1%
12.1%
75.0
4.9%
(18.1%)
Net Income (loss)
Net margin %
54.7
3.8%
-
60.0
4.0%
9.7%
50.0
3.2%
(16.7%)
Operating profit
improvement/
deterioration
factors
/
Profit increase due to:
  Rationalization 12.6
  Consolidation of
  Thailand mfg.
  operations
5.0
  Expense cut 4.0
 
Profit decrease due to:
Expense (12.7)
Sales mix (3.8)
FX (2.4)
Profit increase due to:
  Rationalization 16.0
  Sales mix 8.0
  Consolidation of
  Thailand mfg.
  operations
5.2
 
Profit decrease due to:
Economic change (15.0)
R&D (13.2)
Expense (5.8)
FX (2.4)
Exchange rate JPY 114/US $ JPY 107/US $ JPY 100/US $
Facility
Investment
34.0 4.0%
46.1 35.6%
49.0 6.3%
Depreciation
27.3 (36.8%)
27.2 (0.4%)
26.0 (4.4%)
R&D
47.5 (11.4%)
46.8 (1.5%)
60.0 28.2%
Performance
Evaluation, etc.
Record operating profit,
working profit
and net income
Record operating profit,
working profit
and net income
for two consecutive terms
Solid profit continue
Sales: Japan
103 66.5%
90 (12.9%)
99 10.1%
Sales: Worldwide
177 (17.9%)
249 40.6%
332 32.9%