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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 |
To whom it may concern:
May 20, 2004
Announcement on the Upward Adjustment of
Isuzu Consolidated Financial Forecasts
for the Fiscal Year to March 2004
Further to the previous announcements made at the interim account closing on November 20, 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 to March 2004.
| 1. |
Adjustments and changes made in the consolidated financial forecast (for the period starting from April 1, 2003 and ending March 31, 2004): |
(Unit: Millions of Yen, or %)
| Consolidated |
Sales revenue |
Working profit (loss) |
Net income (loss) |
(a) Previous forecast
as of November 20, 2003 |
1,400,000 |
67,000 |
40,000 |
(b) Adjusted/changed
as of May 20, 2004 |
1,430,339 |
81,678 |
54,713 |
| Changes (b - a) |
30,339 |
14,678 |
14,713 |
| Changes in % |
2.2% |
21.9 % |
36.8 % |
Ref: Previous year's actual
(FY2003, Apr '02 - Mar '03) |
1,349,449 |
(4,200) |
(144,301) |
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| 2. Reasons for adjustments and changes |
Consolidated working profit for the period is expected to increase significantly with an estimated 36.8% increase of net income as compared to the forecast previously announced. The increase of profit forecast is primarily due to sales increase in Japan and overseas countries such as Thailand, and the positive benefits generated by the company's rationalization efforts. Accordingly, Isuzu Motors revises its forecast for the period.
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