Message from President

President and Representative Director Masanori KatayamaOn May 12, Isuzu Motors announced the settlement of accounts for the fiscal year ended March 31, 2017.

[Results for the fiscal year ended March 2017]
Isuzu's domestic vehicle sales in the fiscal year ended March 2017, increased by 9,812 units (13.9%) from the previous fiscal year to 80,341 units.
Sales of overseas vehicles remained steady in advanced countries such as North America, but sales in emerging countries/resource countries declined by 11,589 units (2.6%) from the previous year to 425,978 units.
Consequently, the total consolidated vehicle sales volume in Japan and overseas decreased by 1,777 units (0.3%) from the previous fiscal year to 506,319 units.

Regarding sales of products other than vehicles, overseas production parts sales dropped by 23.7 billion yen (29.0%) from the previous fiscal year to 58.0 billion yen.
Engine and component sales increased by 10.2 billion yen (10.9%) year on year to 103.3 billion yen.
Other sales increased by 13.1 billion yen (3.5%) from the previous fiscal year to 383.2 billion yen, as a result of the expansion of the vehicle life-cycle management business as represented by after-sales service-related activities.
As the result, net sales increased by 26.2 billion yen (1.4%) year on year to 1,953.2 billion yen. This breaks down in domestic sales of 788.4 billion yen (up 13.7% from the previous year) and overseas sales of 1,164.8 billion yen (down 5.6% from the previous year).

Regarding profit and loss, operating income declined to 146.4 billion yen (down 14.6% from the previous fiscal year). This decline was mainly due to the drop in overseas sales accompanied by the impact of the appreciation of the yen, despite the increase in domestic sales.
Ordinary income was 152.0 billion yen (down 18.6% from the previous fiscal year), and net income attributable to owners of the parent amounted to 93.9 billion yen (down 18.2% from the previous fiscal year).


[Forecast for the fiscal year ending March 2018]
Regarding the fiscal year ending March 2018, we expect that the difficult sales environment in emerging countries/resource countries will continue. However, we will keep increasing sales by expanding our LCV business in Thailand and vehicle life-cycle management business.

We are aiming to improve our profitability further. Our R&D expenses and raw material costs will go up. However, we will overcome such cost increases by thorough cost reduction and sales expansion efforts to increase our earnings.

Consequently, our forecast for the fiscal year ending March 31, 2018, is as shown below.
  • -Net sales: 1,990 billion yen (up 85.2 billion yen from the previous year)
  • -Operating income: 152 billion yen (up 8.6 billion yen)
  • -Ordinary income: 157.0 billion yen (an increase of 7.4 billion yen),
  • -Net income attributable to owners of the parent: 89 billion yen (up 6.5billion yen).

Your kind understanding and support for Isuzu Motors will be greatly appreciated.