Supplement(Non-Consolidated)

Supplement Material:
November 18, 2004
Corporate Communications,
Isuzu Motors Limited

Financial Summary: FY2005 First-half Parent Company Results
- April 1 2004 through September 30 2004 -


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 H1
(Six months
to Sept. '03)
FY2005 H1
(Six month
to Sept. '04)
FY2004
(Full-year
to Mar '04)
FY2005 Forecast
(Full-year
to Mar '05)
Sales Revenue
446.2 22.9%
434.5 (2.6%)
890.3 17.1%
850.0 (4.5%)
Dom. Japan
International
237.3
208.9
81.3%
(10.1%)
203.6
230.9
(14.2%)
10.5%
465.9
424.4
52.0%
(6.5%)
423.0
427.0
(9.2%)
0.6%
Operating Profit
% to sales
31.5 -
7.1%
30.3 (3.8%)
7.0%
67.0 410.3%
7.5%
60.0 (10.4%)
7.1%
Working Profit
% to sales
27.3 -
6.1%
29.2 7.0%
6.7%
57.6 1079.4%
6.5%
55.0 (4.4%)
6.5%
Net Income
(loss)%
17.2 -
3.9%
19.1 11.0%
4.4%
38.9 -
4.4%
30.0 (22.8%)
3.5%
Operating profit
improvement/
deterioration
factors
/
Profit increase due to:
  Rationalization 5.8
  Expense cut 3.8
Profit decrease due to:
  Sales mix (4.7)
  Expense Incrs. (4.4)
  FX (1.7)
/
Profit increase due to:
  Rationalization 10.0
  Expense cut 7.0
Profit decrease due to:
  Expense Incrs. (15.0)
  Sales mix (6.6)
  FX (2.4)
Exchange rate ¥ 119/US $ ¥ 109/US $ ¥ 114/US $ ¥ 107/US $
Facility
Investment
6.1 (14.1%)
21.7 255.7%
23.0 71.6%
33.0 43.5%
Breakdown
Product
Development 2.7
Manufacturing 3.0
Other 0.4
Product
Development 2.7
Manufacturing 18.3
Other 0.7
Product
Development 5.3
Manufacturing 16.3
Other 1.4
Product
Development 7.0
Manufacturing 23.0
Other 3.0
Depreciation
9.7 (18.8%)
8.2 (15.5%)
17.3 (20.3%)
16.0 (7.5%)
R&D
23.9 (8.8%)
22.1 (7.5%)
46.5 0.0%
51.0 9.7%
Performance
Evaluation, etc.
Record high
operating profit
and working
profit
Record high
working profit
Record high
operating profit
and working
profit
Posting positive
profits for 2
consecutive years
Domestic
Production
121 4.3%
111 (9.0%)
231 0.5%
210 (9.0%)
Domestic
Sales
53 112.0%
44 (15.7%)
101 69.8%
92 (9.7%)
Export
70 (25.5%)
66 (5.9%)
132 (23.9%)
119 (9.3%)
Overseas
Production
132 12.8%
181 37.1%
279 16.3%
363 30.1%