Press Release

TRANSLATION

FY2008 First Quarter Consolidated Financial Results:
For the Three Months Ended June 30, 2007

July 30, 2007


Company name
Stock exchange listing
Representative
URL
Contact person		  : 
 : 
 : 
 : 
 : 		 Isuzu Motors Limited
Code No. 7202, The 1st Section, Tokyo Stock Exchange in Japan
Susumu Hosoi, 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: 81-3-5471-1141


1.
FY2008 first quarter financial results (April 1, 2007 through June 30, 2007)
1) 
Consolidated operating results
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
  Net Sales Operating profit Working profit Net income
FY2008 Q1
  (3 months to Jun. 30, ‘07)
402,128 1.6%
23,286 (2.8%)
26,407 4.4%
21,160 14.1%
FY2007 Q1
  (3 months to Jun. 30, ‘06)
395,953 11.4%
23,948 40.7%
25,286 41.1%
18,539 43.7%
(Ref.) Full year FY2007
1,662,925  
106,980  
114,697  
92,394  

  Net income per share Fully diluted net income per share
FY2008 Q1
  (3 months to Jun 30, ‘07)		 12.24 12.01
FY2007 Q1
  (3 months to Jun. 30, ‘06)		 15.60 10.34
(Ref.) Full year FY2007 64.83 51.54
 (in Yen)

 
2) 
Consolidated financial position
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
  Total assets
(in million yen)		 Shareholders' equity
(in million yen)		 Shareholders' equity as a percentage of total assets (%) Shareholders' equity per share
(in yen)
FY2008 Q1
   (3 months to Jun 30, ‘07)		 1,254,199 409,820 28.7% 188.45
FY2007 Q1
  (3 months to Jun. 30, ‘06)		 1,176,549 288,548 22.0% 165.76
(Ref.) Full year FY2007 1,232,181 389,061 27.8% 177.68

2.
Forecast of consolidated financial results for full-year FY2008 (April 1, 2007 to March 31, 2008)
The company’s forecast of the full-year financial results remains the same as the Forecast for Consolidated Results of FY 2008 announced on May 14, 2007.

3.
Others
1) 
Change in the Scope of Principal Subsidiaries
: Applicable
Number of subsidiaries excluded from consolidated accounting
: 1 company (ISUZU CASTEC)
2) 
Adoption of simplified accounting practices
: Applicable
3) 
Changes in scope of consolidation and equity method of accounting
: None
Note: See attached page3 "Qualitative Information ･ Financial Statements 3.Others".  

(Reference) Non-consolidated Financial Highlights (April 1, 2007 through June 30, 2007)
1)  Consolidated operating results
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
  Net Sales Operating profit Working profit Net income
FY2008 Q1
  (3 months to Jun 30, ‘07)
233,576 3.6%
17,658 (0.1%)
20,217 8.2%
20,179 9.5%
FY2007 Q1
  (3 months to Jun. 30, ‘06)
225,474 12.4%
17,672 63.0%
18,693 (17.4%)
18,427 (12.4%)
(Ref.) Full year FY2007
973,884  
61,491  
68,273  
68,325  

  Net income per share Fully diluted net income per share
FY2008 Q1
  (3 months to Jun 30, ‘07)		 11.67 11.45
FY2007 Q1
  (3 months to Jun. 30, ‘06)		 15.50 10.23
(Ref.) Full year FY2007 47.87 38.10
 (in Yen)

2) 
Non-consolidated Financial Position
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
  Total assets
(in million yen)		 Shareholders' equity
(in million yen)		 Shareholders' equity
as a percentage of
total assets (%)		 Shareholders' equity
per share
(in yen)
FY2008 Q1
  (3 months to Jun. 30, '07)		 911,619 305,643 33.5% 156.67
FY2007 Q1
  (3 months to Jun. 30, '06)		 868,851 242,896 28.0% 151.63
(Ref.) Full year FY2007 899,783 292,807 32.5% 148.62

*Explanation on the usage of the financial projection and others
The financial projection is calculated based on the information available presently. There are possibilities that the actual financial result would differ largely due to the variation of important factors.

# # #
Qualitative Information / Financial Statements
(Summary) Consolidated Statements of Operations
(Summary) Consolidated Balance Sheet
Sales by Segments
Per share information
Attachment
Important special remarks

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