Supplement(Non-Consolidated)

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

Financial Summary: FY2005 Non-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
890.3 17.1%
880.1 (1.2%)
860.0 (2.3%)
Japan
Worldwide
465.9
424.4
52.0%
(6.5%)
425.3
454.7
(8.7%)
7.1%
446.0
414.0
4.9%
(9.0%)
Operating Profit
% to sales
67.0
7.5%
410.3%
60.6
6.9%
(9.6%)
50.0
5.8%
(17.4%)
Working Profit
% to sales
57.6
6.5%
1079.4%
53.9
6.1%
(6.3%)
55.0
6.4%
2.0%
Net Income (loss)
Net margin %
38.9
4.4%
 
27.0
3.1%
(30.5%)
40.0
4.7%
48.0%
Operating profit
improvement/
deterioration
factors
/
Profit increase due to:
  Rationalization 9.0
  Expense cut 4.7
 
 
Profit decrease due to:
  Expense (14.0)
  Sales vol/mix (3.7)
  FX (2.4)
Profit increase due to:
  Sales vol/mix 12.0
  Rationalization 11.0
 
 
Profit decrease due to:
  R&D (11.6)
  Expense (11.6)
  Economic change (8.0)
  FX (2.4)
Exchange rate JPY 114/US $ JPY 107/US $ JPY 100/US $
Facility
Investment
23.0 71.6%
32.5 41.3%
30.0 (7.7%)
Breakdown
Product
Development 5.3
Manufacturing 16.3
Other 1.4
Product
Development 5.1
Manufacturing 24.3
Other 3.1
Product
Development 15.0
Manufacturing 13.0
Other 2.0
Depreciation
17.3 (20.3%)
15.5 (10.4%)
15.0 (3.2%)
R&D
46.5 -
46.4 (0.2%)
58.0 25.0%
Performance
Evaluation, etc.
Record operating profit,
working profit
and net income
Net income decreased
due to realization
of latent losses
Despite aggressive
investment on
R&D expected,
secure solid profit.
Production:
Japan
231 0.5%
221 (4.2%)
211 (4.4%)
Sales: Japan
101 69.8%
90 (11.3%)
99 9.4%
Export from Japan
132 (23.9%)
130 (1.3%)
112 (14.0%)
Production: Worldwide
279 16.3%
358 28.3%
402 12.3%