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Translation
For inquiries, please contact:
Yoshifumi Tsuchiya
General Manager,
General Affairs, Corporate Administration Division,
Isuzu Motors Limited
6-26-1 Minami-Oi, Shinagawa-ku, Tokyo 140-8722
Tel: (03) 5471-1141 |
November 20, 2003
Announcement on the Upward Adjustment of
Isuzu Consolidated/Non-consolidated
Financial Forecasts for the Fiscal Year Ending March 2004
Further to the previous announcements made at the account closing on May 23, 2003, Isuzu Motors Limited wishes to announce following adjustments and changes in the forecasts for consolidated and non-consolidated financial performance for the fiscal year ending March 2004.
| 1. |
Adjustments and changes made in the non-consolidated financial performance forecast (for the period starting from April 1, 2003 and ending on March 31, 2004): |
(Unit: Millions of Yen, or %)
| Non-consolidated |
Sales revenue |
Working profit (loss) |
Net income (loss) |
(a) Previous forecast
as of May 23, 2003 |
740,000 |
34,000 |
30,000 |
(b) Adjusted/changed
as of Nov. 20, 2004 |
850,000 |
50,000 |
32,000 |
| Changes (b - a) |
110,000 |
16,000 |
2,000 |
| Changes in % |
14.9% |
47.1% |
6.7% |
Ref: Previous year's actual
(FY2003, Apr '02 - Mar '03) |
760,608 |
4,880 |
(189,447) |
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| 2. |
Adjustments and changes made in the consolidated financial performance forecast (for the period starting from April 1 2003 and ending on March 31, 2004) |
(Unit: Millions of Yen, or %)
| Consolidated |
Sales revenue |
Working profit (loss) |
Net income (loss) |
(a) Previous forecast
as of May 23, 2003 |
1,250,000 |
40,000 |
35,000 |
(b) Adjusted/changed
as of Nov. 20, 2004 |
1,400,000 |
67,000 |
40,000 |
| Changes (b - a) |
150,000 |
27,000 |
5,000 |
| Changes in % |
12.0% |
67.5% |
14.3% |
Ref: Previous year's actual
(FY2003, Apr '02 - Mar '03) |
1,349,449 |
(4,200) |
(144,301) |
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| 3. Reasons for adjustments and changes |
Non-consolidated sales revenue is expected to increase 14.9% and consolidated 12% over the previous forecast, due to the increase in domestic vehicle sales volume and shipment to overseas countries such as Thailand and China. Non-consolidated and consolidated working profits are expected to increase 47.1% and 67.5% respectively due to vehicle sales volume increase as well as ASEAN subsidiaries' income increase. As to the company's net income, Isuzu expects non-consolidated net income will increase 6.7% while consolidated net income will increase 14.3% over the previous forecasts despite extraordinary losses due to sale of tangible assets will be booked during the period.
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