Press Release

FY2008 Third Quarter Consolidated Financial Results:
For the Nine Months Ended December 31, 2007

February 7, 2008


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 Third quarter financial results (April 1, 2007 through December 31, 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 Q3
(9 months to Dec. 31, '07)
1,304,464 6.4%
76,364 (10.8%)
85,000 (8.8%)
61,442 (20.5%)
FY2007 Q3
(9 months to Dec. 31, '06)
1,226,167 8.2%
85,635 44.4%
93,152 49.3%
77,322 80.4%
(Ref.) Full year FY2007
1,662,925  
106,980  
114,697  
92,394  

  Net income per share Fully diluted net income per share
FY2008 Q3
(9 months to Dec. 31, '07)
35.98 35.73
FY2007 Q3
(9 months to Dec. 31, '06)
58.51 43.13
(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 Q3
(9 months to Dec. 31, '07)
1,218,610 406,259 29.0% 208.53
FY2007 Q3
(9 months to Dec. 31, '06)
1,219,093 353,216 26.3% 168.01
(Ref.) Full year FY2007 1,232,181 389,061 27.8% 177.68



[Reference] Consolidated operating results for three-months period (October 1, 2007 through December 31, 2007)
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
  Net Sales Operating profit Working profit Net income
FY2008 Q3
(3 months to Dec. 31, '07)
429,984 7.1%
28,045 0.1%
31,226 2.7%
24,433 11.5%
FY2007 Q3
(3 months to Dec. 31, '06)
401,425 1.3.%
28,009 30.7%
30,404 39.7%
21,914 30.2%


  Net income per share Fully diluted net income per share
FY2008 Q3
(3 months to Dec. 31, '07)
14.41
FY2007 Q3
(3 months to Dec. 31, '06)
13.82 12.22
 (in Yen)


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 November 12, 2007.

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


[Reference] Non-consolidated Financial Highlights (April 1, 2007 through December 31, 2007)
1)  Non-consolidated Financial Results
(Unit: Millions of Yen, fraction less than million omitted) (Y-o-Y changes in %)
  Net Sales Operating profit Working profit Net income
FY2008 Q3
(9 months to Dec. 31, '07)
753,264 3.6%
41,697 (25.3%)
45,534 (27.0%)
44,501 (22.7%)
FY2007 Q3
(9 months to Dec. 31, '06)
727,271 11.1%
55,791 63.8%
62,418 39.0%
57,575 61.7%
(Ref.) Full year FY2007
973,884  
61,491  
68,273  
68,325  

  Net income per share Fully diluted net income per share
FY2008 Q3
(9 months to Dec. 31, '07)
26.06 25.87
FY2007 Q3
(9 months to Dec. 31, '06)
43.56 32.11
(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 Q3
(9 months to Dec. 31, '07)
860,777 286,029 33.2% 168.70
FY2007 Q3
(9 months to Dec. 31, '06)
881,891 282,110 32.0% 144.56
(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