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TRANSLATION
FY2005 Third Quarter Consolidated Financial Results:
For the Nine Months Ended December 31, 2004
February 2, 2005
Company name
Stock exchange listing
Headquarters
Representative
URL
Contact person |
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Isuzu Motors Limited
Code No. 7202, The 1st Section, Tokyo Stock Exchange in Japan
In Tokyo, Japan
Yoshinori IDA, President and Representative Director
http://www.isuzu.co.jp/world/investor/index.html
Hirotoshi Kouyama, General Manager, General Affairs, Corporate Administration Division, Isuzu Motors Limited, Tel: (03) 5471-1141 |
1. |
Basis for preparation of quarterly financial results: |
1) |
Adoption of simplified accounting practices |
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Applicable |
2) |
Changes in accounting practices from previous fiscal year |
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None |
3) |
Changes in scope of consolidation and equity method of accounting
Number of newly consolidated subsidiaries
Number of affiliates excluded from the equity method of accounting
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1 companies
3 companies
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2. |
FY2005 third quarter financial results (April 1, 2004 through December 31, 2004) |
1) |
Consolidated financial results |
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
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Sales revenue |
Operating profit |
Working profit |
Net income |
FY2005 Q3
(9 months to Dec. 31, '04) |
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FY2004 Q3
(9 months to Dec. 31, '03) |
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| (Re.) Full year FY2004 |
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Net income per share |
Fully diluted net
income per share |
FY2005 Q3
(9 months to Dec. 31, '04) |
55.16 |
21.48 |
FY2004 Q3
(9 months to Dec. 31, '03) |
- |
- |
| (Re.) Full year FY2004 |
72.37 |
20.90 |
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(in Yen) |
(Reference) Parent company operating results
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
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Sales revenue |
Operating profit |
Working profit |
Net income |
FY2005 Q3
(9 months to Dec. 31, '04) |
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FY2004 Q3
(9 months to Dec. 31, '03) |
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| (Re.) Full year FY2004 |
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Net income per share |
Fully diluted net
income per share |
FY2005 Q3
(9 months to Dec. 31, '04) |
35.59 |
13.86 |
FY2004 Q3
(9 months to Dec. 31, '03) |
- |
- |
| (Re.) Full year FY2004 |
51.28 |
14.83 |
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(in Yen) |
[ Qualitative information regarding (consolidated) operating results ]
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In the third quarter to December 2004, domestic industry demand for trucks fell due to ebbing of demand increase for two years driven by tougher emissions regulation in Tokyo area. The sales volume fell 13,966 units and sales revenue dropped Y25.9 billion year on year.
In overseas markets, the brisk sales of pickup trucks produced in Thailand and light duty trucks in North America, and increased shipments of production components to China lifted sales volume by 34,469 units and revenues by Y43.2 billion respectively.
As a result, Isuzu posted Y1,082.1 billion sales revenue(up 1.6% year on year), Y64.2 billion operating profit (up 8.9%), Y68.3 billion working profit (up 18.7%) and Y51.0billion net income for this quarter. |
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2) |
Changes of the consolidated financial position |
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
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Total assets
(in million yen) |
Shareholders'
equity
(in million yen) |
Shareholders'
equity as a percentage of
total assets (%) |
Shareholders'
equity per share
(in yen) |
FY2005 Q3
(9 months to Dec. 31, '04) |
1,230,223 |
189,140 |
15.4 |
89.53 |
| (Re.) Full year FY2004 |
1,077,816 |
109,753 |
10.2 |
11.12 |
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(Reference) Changes of the parent company's financial position
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
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Total assets
(in million yen) |
Shareholders'
equity
(in million yen) |
Shareholders'
equity as a percentage of
total assets (%) |
Shareholders'
equity per share
(in yen) |
FY2005 Q3
(9 months to Dec. 31, '04) |
890,423 |
213,240 |
23.9 |
113.72 |
| (Re.) Full year FY2004 |
808,674 |
151,722 |
18.8 |
58.94 |
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[ Qualitative information regarding (consolidated) financial position ]
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In the third quarter to December, consolidated shareholders' equity increased Y79.3billion over the previous year to Y189.1 billion. This is primarily due to addition of Y29.0 billion arising from the execution of warrants attached to the convertible bond to the net income of Y51.0 billion. The company made further advances in reducing outstanding interest-bearing debt (excluding CB), ending the reporting period with Y419.9 billion, down Y26.8 billion from the end of previous fiscal year.
At extraordinary shareholders' general meeting on December 22, 2004, the resolutions of capital reduction through cancellation of Class-II preferred stock and capital reserve reduction for erasing the losses were adopted.
Consequently, combined with the conversion of CB, the Company's revised capital and capital reserve as of January 28, 2005 came to Y28.5 billion and Y37.9 billion respectively. |
3. |
Forecast of consolidated financial results for full-year FY2005 (April 1, 2004 to March 31, 2005) |
The company's forecast of the full-year financial results remains the same as previously announced forecast. |
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