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 Translation
July 30, 2007 Qualitative Information / Financial Statements
1.Operating Results
For the 1st quarter, in the domestic market, the industrial engine sales were good, but the replacement demand due to the
emission regulations reached saturation. Consequently, the domestic sales volume declined by 6,099 units (down 26.8%)
from the pervious year, and the domestic sales amount declined by 14.8 billion yen (down 8.9%) for the same comparison.
In overseas markets, the sales dipped in some segments such as North America, Thailand, etc., while the sales
were good in Middle East countries and Latin America. In aggregate, the overseas sales volume declined by 450 units
(down 0.5%), but the sales amount increased by 20.9 billion yen (up 9.1%).
Consequently, the 1st quarter sales amount totaled 402.1 billion yen, (up 1.6% from the previous year); the quarterly operating income totaled 23.2 billion yen (down 2.8% from the previous year); the quarterly working income totaled 26.4 billion yen (up 4.4% from the previous year); and the quarterly net income totaled 21.1 billion yen (up 14.1% from the previous year). 2. Financial Position
The 1st quarter net assets increased 20.7 billion yen, to 409.8 billion yen, from the previous year.
The increase in the net assets reflected the quarterly net income of 21.1 billion yen, payment of 7.5 billion yen worth of dividends, minority interests increased by 3.3 billion yen, etc. Interest-bearing liabilities dipped by 8.1 billion yen, to 289.0 billion yen, from the previous consolidated fiscal year. We are going to make further efforts to reduce these liabilities. 3.Others
1) Change in the Scope of Principal Subsidearies
Isuzu CASTEC is excluded from Principal Subsidearies as being merged with Imetal Technology Co.,Ltd. 2) Adoption of simplified accounting practices The standards for preparing the mid-term (consolidated) financial statements are generally applied, while using certain simplified procedures are used for calculating tax expenses, reporting depreciation expenses, and omitting physical stocktaking. 3) Changes in accounting policies There are no changes in accounting policies |
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