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ISUZU MOTORS, Oct-Dec (3Q) Net Income Increases by 17%
7202 ISUZU MOTORS LIMITED 【J-GAAP】
Earnings ReportISUZU MOTORS LIMITED <7202> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 12th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 121 billion yen, a 1.1% decrease compared to the same period last year. Progress toward the full-year plan of 130 billion yen was 93.2%, also surpassing progress of 87.5% from the same period of the previous year.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to drop 49.7% from the same period last year to 8.79 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated net income grew 16.8% from the same period last year, reaching 51.3 billion yen. The operating profit margin remained almost flat, changing from 7.7% in the same period last year to 7.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 2,541,532 | 253,561 | 270,203 | 159,424 | 206.3 | 86.3 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 2,384,525 | 196,788 | 208,300 | 122,576 | 165.5 | 85.0 | Feb 7, 2025 | IFRS |
| Apr - Dec, 2025 | 2,511,521 | 172,456 | 195,568 | 121,205 | 172.7 | 88.9 | Feb 12, 2026 | IFRS |
| YoY | +5.3% | -12.4% | -6.1% | -1.1% | +4.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 1,682,114 | 96,828 | 107,151 | 61,493 | 83.8 | 46 | May 14, 2025 | IFRS |
| Oct - Mar, 2025 Guidance | 1,662,691 | 105,351 | 102,614 | 60,177 | 87.6 | 46 | Nov 12, 2025 | IFRS |
| YoY | -1.2% | +8.8% | -4.2% | -2.1% | +4.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 3,386,676 | 293,085 | 313,039 | 176,442 | 229.9 | 92 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 3,235,648 | 229,461 | 244,964 | 140,062 | 190.8 | 92 | May 14, 2025 | IFRS |
| Mar, 2026 Guidance | 3,300,000 | 210,000 | 220,000 | 130,000 | 189.2 | 92 | May 14, 2025 | IFRS |
| YoY | +2.0% | -8.5% | -10.2% | -7.2% | -0.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 830,991 | 64,155 | 70,487 | 44,007 | 59.4 | 7.7 | Feb 7, 2025 | IFRS |
| Jan - Mar, 2025 | 851,123 | 32,673 | 36,664 | 17,486 | 23.8 | 3.8 | May 14, 2025 | IFRS |
| Apr - Jun, 2025 | 779,854 | 57,222 | 64,210 | 41,417 | 58.2 | 7.3 | Aug 7, 2025 | IFRS |
| Jul - Sep, 2025 | 857,455 | 47,427 | 53,176 | 28,406 | 40.2 | 5.5 | Nov 12, 2025 | IFRS |
| Oct - Dec, 2025 | 874,212 | 67,807 | 78,182 | 51,382 | 73.2 | 7.8 | Feb 12, 2026 | IFRS |
| YoY | +5.2% | +5.7% | +10.9% | +16.8% | +23.2% |
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