Announcement on the Changes in Isuzu Consolidated and
Non-consolidated Financial Performance Forecasts
For Fiscal Year Ending March 2009
Non-consolidated Financial Performance Forecasts
For Fiscal Year Ending March 2009
November 5, 2008
| Company name Stock exchange listing Representative URL Contact person |
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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 |
Further to the previous announcements made at the account closing on May 12, 2008, Isuzu Motors Limited wishes to announce following adjustments and changes in the forecasts for consolidated and non-consolidated financial performance for fiscal year ending March 2009:
1. |
Adjustments and changes made in the consolidated performance forecasts (for the period starting from April 1, 2008 and ended March 31, 2009). |
(Unit: Millions of Yen, or %)
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2. |
Adjustments and changes made in the non-consolidated performance forecasts (for the period starting from April 1, 2008 and ended March 31, 2009). |
(Unit: Millions of Yen, or %)
|
3. |
Reasons for changes: |
The Company's financial business performance (both consolidated and non-consolidated) for FY 2009 (April 1, 2008 thru March 31, 2009) is estimated to fall below the financial projection in terms of net sales, operating income, ordinary income and net income, which was publicized on May 12, 2008 when the financial results for FY 2008 was announced. The change in the projection is in large part due to a decline in demand for domestic trucks, a rise in the prices of raw materials, a transition into yen appreciation, etc. in spite of a reduction in selling and general administrative expenses and cost reduction effect.
(Note) The above financial projection is calculated based on information available presently by the Company and specific prerequisites judged reasonable. There are possibilities that the actual financial results would vary largely depending upon various factors.
