On May 14th 2013, Isuzu Motors Limited made the announcement of financial information for the fiscal year ended March 31, 2013.

(Results of FY2013)

  In FY2013, Japanese market saw a significant rise in demand thanks to reconstruction activities in the areas hit by earthquake and tsunami, which lessened the negative impact from the end of "eco-car" subsidy programs. Meanwhile, oversea market was firm driven by the strong demand in ASEAN, the Middle East and Africa, which did offset the effect of economic slump in China, allowed ISUZU to renew its record of the volume of exports of commercial vehicles in total. The sales volume of light commercial vehicles increased significantly with the market in Thailand being the core; this achievement was contributed by our new plant in Thailand which started operating in the later half of FY2013 provided high productivity coping with the demand.

  Net sales amounted to 1,655.6 billion yen, an increase of 255.5 billion yen (+18.3%) from the same period last year owing to the sales volume increase mentioned above. With spending increase for measures in our Mid-Term Business Plan surpassed by the sales revenue growth and the effect of continued improvements in cost structure, operating income rose 33.4 billion yen (+34.3%) to 130.8 billion yen, and ordinary income gained 38.8 billion yen (+37.7%) to 141.7 billion yen respectively from the same period last year. Meanwhile, net income increased by 5.2 billion yen (+5.8%) year-on-year to 96.5 billion yen. The Company posted the record profits for each income item.

(Forecast for FY2014)

  It is expected our main markets in Japan and Thailand will continuously be stable. And we would like to increase our sales in advanced economies in North America, in addition to emerging economies in ASEAN and the Middle East. With regards to cost and spending, we will be more focused on cost reduction efforts than last year in spite of an expected spending increase for greater investment for future development in order to achieve the objective outlined in the Mid-Term Business Plan. At the same time, we expect yen's depreciation that started from the end of last year may hugely contribute to the business results in FY2014.

  We are aiming to achieve one step higher earnings than the numbers which are mere extension of our recent growth; forecasting net sales of 1,920.0 billion yen, operating income of 180.0 billion yen, ordinary income of 190.0 billion yen, and net income of 115.0 billion yen.

  Mover over, we have been steadily making progress towards "Global Three Core Business Organization" to achieve "Strengthening of Business in ASEAN", "Stabilization of Japanese Domestic Business", and "Strengthening and Expansion of LCV Business" framing our Mid-Term Business Plan in which we set forth our objectives for the enhancement and development of our Company.

  We would greatly appreciate for your understanding and continuous support for Isuzu Motors Limited.

(May 14, 2013)