Isuzu Motors : Announcement and Presentation of Financial Information for the Q2 FY2024(November 10, 2023) Supplement(Consolidated)

Nov-10-2023

Corporate Planning

Isuzu Motors Limited

Financial Summary: FY3/2024 First-Half Consolidated Results

- April 1 2023 through September 30 2023 -

Unit: JPY in billion

Fraction less than half omitted

Volume in thousand units

	FY3/2023 1H		FY3/2024 1H		FY3/2023		FY3/2024 Forecast
	(April'22 to September'22)	(April'23 to September'23)	(April'22 to March'23)	(April'23 to March'24)
Net Sales:	1,493.3	30.4%	1,638.0	9.7%	3,195.5	27.1%	3,400.0	6.4%
Japan	446.2	9.1%	541.2	21.3%	989.8	12.7%	1,130.0	14.2%
Overseas	1,047.1	42.2%	1,096.8	4.7%	2,205.7	34.8%	2,270.0	2.9%
Operating Income	112.2	15.3%	143.2	27.6%	253.5	35.4%	280.0	10.4%
% to sales	7.5%		8.7%		7.9%		8.2%
Ordinary Income	125.5	17.7%	158.0	25.9%	269.9	29.5%	300.0	11.2%
% to sales	8.4%		9.6%		8.4%		8.8%
Net income attributable
to owners of parent	73.0	2.6%	88.1	20.7%	151.7	20.2%	165.0	8.7%
% to sales	4.9%		5.4%		4.7%		4.9%
Operating Income :			Profit increase due to:				Profit increase due to:
Increase or Decrease			Price Realization	43.0			Price Realization	72.0
			Sales / Model mix	10.0			Sales / Model mix	17.0
			Cost Reduction	9.0			Cost Reduction	9.0
			Activity			Activity
			FX	1.5			FX	3.0
			Profit decrease due to:				Profit decrease due to:
			Material Cost etc.	-23.0			Material Cost etc.	-46.0
			Fluctuations			Fluctuations
			Fixed Cost	-6.9			Fixed Cost	-23.1
			Fluctuations			Fluctuations
			Depreciation	-2.6			Depreciation	-5.4
Exchange rate	JPY 134/US $		JPY 141/US $		JPY 136/US $		JPY 141/US $
Facility Investment	37.4	20.1%	47.7	27.5%	82.2	4.8%	140.0	70.3%
Depreciation	39.3	4.8%	41.9	6.6%	80.6	7.0%	86.0	6.7%
R&D	59.9	21.9%	61.0	1.8%	119.0	13.6%	127.0	6.7%
Performance / Evaluation, etc.			・Highest 1H sales, operating,				・Highest sales, operating, ordinary
		ordinary and net income				and net income
Sales vol. : Japan	24	-19.6%	32	36.1%	58	6.0%	70	21.0%
Sales vol. : Overseas	345	18.6%	295	-14.4%	687	16.8%	625	-9.1%
Total Consolidated Sales Volume	368	15.1%	327	-11.2%	745	15.8%	695	-6.7%

Shipment vol. : CV Japan	27	-26.8%
Shipment vol. : CV Overseas	148	12.0%
Shipment vol. : LCV Overseas	208	27.7%
Total Shipment Volume	383
（Incl；KD-Set）	15.3%

1. 40.4%

1. -17.1%

1. -15.7%

336 -12.3%

1. 3.6%

1. 3.0%

1. 10.3%

771 7.0%

1. 25.2%

1. -11.2%

1. -11.3%

709 -8.1%

*Note: Starting FY3/2024, KD-sets for overseas production has been reclassified and is included under the sales volume. Therefore, above FY3/2023-1H and FY3/2023 results has been reclassified for comparison purposes.

＜The geographical（location of	company） P/L information＞					(B illions of yen)
FY3/2024 -1H		Japan			Asia			Other		Total		Consl . adj .		Consolidated
(April'23 to September'23)
Total sales	966	.0	661	.9	428.4	2,056.3	-418.3	1,638.0
Operating income	30	.8	80	.4	36.2	147.4	-4.2	143.2
FY3/2023-1H		Japan			Asia			Other		Total		Consl. adj.		Consolidated
(April'22 to September'22)
Total sales	891.9	665.8	363.7	1,921.3	-428.0	1,493.3
Operating income	36.0	73.1	14.8	123.9	-11.7	112.2

Nov-10-2023

Corporate Planning

Isuzu Motors Limited

Financial Summary: FY3/2024 First-Half Consolidated Results

- April 1 2023 through September 30 2023 -

【Total Shipment Volume Detail】

Volume in thousand units

CV sales Vol by Region	① FY3/23
1H
Japan	23.1
North America	14.7
China	19.1
Asia	49.6
	Indonesia	18.5
	Philippines	5.7
	Thailand	10.8
	Viet Nam	6.7
	Malaysia	3.5
	Other	4.3
Europe	9.2
	U.K	3.3
	Ukraine	0.3
	Turkey	1.8
	Italy	3.8
	Other	0.0
Mid/South America	15.6
	Chile	1.4
	Colombia	6.4
	Ecuador	1.1
	Venezuela	0.0
	Mexico	2.5
	Peru	1.0
	Other	3.2
Mid East	14.6
	Saudi Arabia	8.9
	UAE	1.0
	Oman	0.8
	Other	3.9
Africa	10.4
	Egypt	3.1
	South Africa	2.1
	Kenya	2.1
	Algeria	0.0
	Other	3.1
Oceania	9.6
	Australia	8.5
	Other	1.1
Export Total	142.8
Grand Total	165.8

②FY3/24

1H

33.3

21.9

9.5

38.1

12.5

4.8

9.3

4.3

3.4

3.9

7.4

0.3

0.6

2.7

3.8

0.0

8.9

0.3

0.3

0.6

0.0

2.4

1.5

3.7

15.0

9.4

1.0

0.6

3.9

8.9

2.0

2.1

2.1

0.0

2.7

8.1

6.7

1.5

117.7

151.1

②‐①

10.3

7.2

-9.6

-11.5

-6.0-0.9-1.5-2.4-0.1-0.5

-1.8

-3.0 0.3 0.9 0.0 0.0

-6.6

-1.0-6.1-0.5 0.0 -0.0 0.5 0.5

0.4

0.5

0.0 -0.2 0.1

-1.5

-1.1 0.0 0.0 0.0 -0.5

-1.5

-1.8 0.3

-25.1

-14.8

FY3/24		LCV sales Vol by Region	① FY3/23	②FY3/24	②‐①	FY3/24
Plan		1H	1H	Plan
74.4		Thailand	103.7	60.5	-43.2	129.1
46.2		China	6.2	4.7	-1.5	10.3
20.3			Thai Shipment	1.9	2.4	0.5	5.8
77.0			Japan Shipment	4.4	2.3	-2.0	4.4
27.3		Asia	12.4	12.2	-0.2	24.5
10.4			Indonesia	0.5	0.9	0.3	1.4
15.0			Philippines	4.6	2.6	-2.0	5.3
8.6			India	1.6	0.8	-0.8	3.8
6.8			Viet Nam	0.5	0.7	0.2	1.2
8.8			Malaysia	4.5	6.7	2.2	11.1
17.0			Other	0.8	0.6	-0.2	1.6
1.6		Europe	7.3	10.5	3.2	24.1
1.1			U.K	2.5	2.9	0.4	5.9
6.5			Turkey	0.8	0.7	-0.1	1.6
7.8			Italy	1.6	2.1	0.5	4.8
0.0			Other	2.4	4.8	2.4	11.9
19.2		Mid/South America	9.0	9.5	0.6	19.8
0.7			Chile	0.0	0.0	0.0	0.0
2.3			Colombia	0.0	0.0	0.0	0.5
1.4			Ecuador	4.9	4.5	-0.4	9.2
0.1			Other	4.1	5.0	1.0	10.1
4.7		Mid East	17.3	18.4	1.1	31.0
2.5			Saudi Arabia	13.8	16.2	2.4	26.2
7.5			UAE	0.5	0.1	-0.4	0.3
30.8			Oman	0.6	0.2	-0.4	0.5
18.9			Other	2.5	1.9	-0.5	4.0
2.2		Africa	24.1	19.3	-4.8	38.1
1.5			Egypt	6.8	4.1	-2.7	6.5
8.2			South Africa	16.1	14.0	-2.2	28.8
18.7			Other	1.1	1.2	0.1	2.8
5.1		Oceania	18.4	26.9	8.5	67.8
4.1			Australia	16.8	26.1	9.3	66.0
4.3			Other	1.6	0.7	-0.9	1.8
0.0		Other	9.7	13.3	3.6	25.5
5.2		Grand Total	208.2	175.5	-32.9	370.2
16.0
13.0
3.0
245.1		③UDT CV sales Vol	① FY3/23	②FY3/24	②‐①	FY3/24
	1H	1H	Plan
319.5		Japan	4.2	4.9	0.7	9.6
		Thailand	0.4	0.6	0.2	1.2
		Indonesia	0.8	0.9	0.1	1.7
		South Africa	1.6	1.1	-0.4	2.8
		Australia	0.6	0.5	-0.1	1.1
		Other	1.4	1.5	0.0	2.8
		UDT Total	9.1	9.6	0.5	19.2