On August 4, 2010, Isuzu Motors Limited announced its first-quarter business results and revised the earnings projection for the fiscal year ending in March 2011.

First-Quarter Business Results

  During the first quarter, sales income amounted to 366.3 billon yen (178.9 billion yen more than the same period last year), and operating income accounted for 23.8 billion yen (38.4 billion yen more than the same period last year), due to rise in shipment value in both domestic and overseas markets and continued cost reduction efforts.

  Domestic demand continued to be very sluggish. However, taking advantage of tax incentives and subsidies for Isuzu eco series products, we were able to steadily increase our market share during the first quarter.

  We missed no opportunities in the recovery trend of emerging and resource-rich countries after the global financial crisis and expanded our sales in overseas markets.

  In spite of political turmoil in Thailand, Isuzu enjoyed robust sales of pickup trucks in the country’s market. Our powertrain operations increased exports of industrial engines to foreign countries centering on China.

Business Projection for the Fiscal Year

  Isuzu Motors Limited will revise up its forecasts for annual earnings in operating income, ordinary income and net income that were released earlier on May 11, 2010, as sales have been increasing in countries centering on emerging nations and costs have been effectively reduced.

  Sales may amount to 1 trillion 450 billion yen, 110 billion yen more than the initial forecast. Operating income may increase by 20 billion yen to 65 billion yen. Ordinary income may grow by 23 billion yen to 65 billion yen, net income by 20 billion yen to 40 billion yen.

  Your further understanding of and support for Isuzu Motors Limited will be much appreciated.

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