FY2015 Financial Results › world › investor › financial › pdf › ...FY2015 Consolidated...

1 Copyright(C) 2015 Isuzu Motors Limited All rights reserved

FY2015 Financial Results

May 12 , 2015


Ⅰ． President and Representative Director : Susumu Hosoi・FY2015 and FY2016 Outlook Overview

Ⅱ． Director of the Board and Managing Executive Officer, Corporate Planning and Financial Division Executive : Makoto Kawahara

1. Business Status2. FY2015 Financial Results3. FY2016 Full-year Outlook

Ⅲ．Executive Vice President, and Director : Masanori Katayama :Mid-term Business Strategy

Ⅳ．Q & A

Contents

Statements contained in this presentation, except for historical or current facts, are based on certain assumptions and our management's judgment in light of currently available information. Therefore, these statements may be susceptible to various factors, such as uncertainty contained in the assumptions and management's judgment and economic changes in the future, which may cause to bring about different results in Isuzu's future earnings and operating results.

Moreover, this presentation is not intended to solicit investment in Isuzu. Isuzu assumes no responsibility for any losses and liabilities that may be incurred because of the information in this presentation.


President and Representative Director

Susumu Hosoi


＜Reference＞

( JPY Bil. ) FY15 FY14 Changes FY15Forecast

Net Sales 1,879.4 1,760.9 118.5 1,850.0

Operating Income 171.1 174.2 -3.1 165.0

Ordinary Income 187.4 186.6 0.8 175.0

Net Income 117.1 119.3 -2.2 100.0

FY2015 Consolidated Results- Year-on-year Comparison -

* FX: FY15 = 107 JPY/US$FY14 = 98 JPY/US$


FY2016 Full-year Outlook- Consolidated, Year-on-year Comparison -

※FX: FY16＝ 115 JPY/US$FY15＝ 107 JPY/US$

(JPY Bil.)

Net Sales 1,950.0 1,879.4 70.6Operating Income 175.0 171.1 3.9Ordinary Income 188.0 187.4 0.6

Net Income 110.0 117.1 -7.1

ChangesFY16Forecast FY15

※

※Net income attributable to owners of parent


Director of the Board, Managing Executive Officer, Corporate Planning and Financial Division Executive

Makoto Kawahara


Ⅱ-1. Business Status


90 99 96 54 42 47 59 62 75 83 74

151 148 170194

127206 211 214 221 248 254

68 53 45 50 51

42

57 64 60 4235 40

153 193 188 153123

118

155 125218 168 132 126

81 132

99

134 110

136133 171 188

73

203

126 161144

0

200

400

600

800

FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

LCVThailand

ＣＶOverseas

619 643

543

ＣＶDomestic

(453)(520)(547)

640(567)

554(500)

427(386)

598(552)568

(509)

Forecast

690(628) 668

(586)639(564)

LCVOthers

LCVExport

CV/LCV Global Shipment- Vehicle and KD-SET, etc: K-units

681(608)

･Reinforcing overseas operating Capabilities

･Entering New Markets

Inventory Adjustment

Global Financial crisis

The Great East Japan

Earthquake

Flooding in

Thailand ( ): Overseas unit


34

75

11

1320

4 4

34 28

26

27

31

6

42 83182211

25

6058

21

9

CV Global Shipment- Vehicle and KD-SET, etc: K-units-

42

245

12

37

9

： H1

Forecast

40

10

4120

42

813

5

11955

918

944

81

31

60

： H2

’14/3 ’15/3 ’16/3

Forecast

Shipment FY14 FY15 FY16H1 142,371 162,710 -H2 153,260 167,955 -

Full-year 295,631 330,665 328,000

14 35 74

82

68

10

23

24

： FY16 Forecast

’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

’ 14/3 ’15/3 ’16/3

Forecast

’ 14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

EuropeChina

Japan North America

Mid-East/ Africa

Asia

Mid-South AmericaOceania


17,858 26,137 23,762 31,927 33,607 39,31523,764

25,275 35,54836,608

46,32248,320

32.9% 32.8%31.1%

33.9% 33.4% 34.5%

5%10%15%20%25%30%35%

020,00040,00060,00080,000

100,000120,000

FY10 FY11 FY12 FY13 FY14 FY15 FY16

H2

H1

（Unit）（Share）

51,412

Japan Industry Sales and Isuzu Share- H/D, M/D Truck:4ton or above -

68,535

87,635

41,622

59,310

Forecast

79,929

※ FY10 - FY15 :FY Actual※ FY10 - FY15 :FY Actual


（Unit）

22,159 26,489 26,823 36,905 40,400 44,10726,700 27,980 38,486

38,73251,120 52,440

40.0% 40.2% 40.2% 39.5% 39.6%

15%20%25%30%35%40%45%

020,00040,00060,00080,000

100,000120,000


H1

H2

40.6%

（Share）

96,547

54,46948,859

Japan Industry Sales and Isuzu Share- L/D(2-3ton) Truck -

75,63765,309

Forecast

91,520

※ FY10 - FY15 :FY Actual※ FY10 - FY15 :FY Actual


149

9481

188

66

20

LCV Global Shipment- Vehicle and KD-SET, etc: K-units -

37 23

20

116 108

9

66

36

44

5

15

Shipment FY14 FY15 FY16H1 186,813 167,555 -H2 156,170 170,198 -

Full-year 342,983 337,753 353,400

8 7418

12

67

31

9

141225

10 11

Forecast

)

14 1532

168

132 126

79

211536

222042

52

2227

’14/3 ’15/3 ’16/3

Forecast

： H1

： H2

： FY16 Forecast

’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

’14/3 ’15/3 ’16/3

Forecast

EuropeChina

Thailand

Mid-South AmericaOceania

AsiaMid-East/

Africa


177,922

313,800353,545

(Unit)

237,481211,242

Thailand LCV Production- Thai Domestic / Export Markets -

300,923 303,163


Industrial Engine Global Shipment- K-Unit -

～1.1 1.6 2.2 2.4 3.0 5.2 7.8 9.8 15.7 ℓ

C(IDI) C(DI) 4L 4J 4H 6H 6U 6W

15

54 70

50 50 54 33

71

67

41 54 44

0

20

40

60

80

100

120

140

160


138

9198

48

126

101

H2

H1

Forecast

104

Industrial Engine


Ⅱ-2. FY2015 Financial Results


＜Reference＞

( JPY Bil. ) FY15 FY14 Changes FY15Forecast

Net Sales 1,879.4 1,760.9 118.5 1,850.0

Operating Income 171.1 174.2 -3.1 165.0

Ordinary Income 187.4 186.6 0.8 175.0

Net Income 117.1 119.3 -2.2 100.0

FY2015 Consolidated Results- Year-on-year Comparison -

* FX: FY15 = 107 JPY/US$FY14 = 98 JPY/US$


174.2

-3.1

15.1

11.0171.1

‘

-1.7

Actual

8.3 -9.0-26.8

FY2014 vs. FY2015 Fluctuations- Consolidated operating income: analysis of change, JPY Bil.

Operating Income for FY14


Sales/Model M

ix

FX

Steel, Oil Price

etc. Fluctuations

Fixed Cost

Fluctuation

Expenses for grow

th strategy

Cost R

eduction A

ctivity


FY2015 Consolidated Results- Ordinary income, Net income, Year-on-year -

( JPY Bil. ) FY15 FY14 ChangesNet Sales 1,879.4 1,760.9 118.5

Operating Income 171.1 174.2 -3.1Ordinary Income 187.4 186.6 0.8

Net Income 117.1 119.3 -2.2


Ⅱ-3． FY2016 Full-year Outlook


FY2016 Full-year Outlook- Consolidated, Year-on-year Comparison -

※FX: FY16＝ 115 JPY/US$FY15＝ 107 JPY/US$

(JPY Bil.)

Net Sales 1,950.0 1,879.4 70.6Operating Income 175.0 171.1 3.9Ordinary Income 188.0 187.4 0.6

Net Income 110.0 117.1 -7.1

ChangesFY16Forecast FY15

※

※Net income attributable to owners of parent



FY2015 vs. FY2016 Fluctuations- Consolidated operating income: analysis of change, JPY:Bil. -

171.1

3.9

175.0

‘

Forecast

15.0

-25.015.0 6.0 1.0 -8.1

Operating Incomefor FY15

Sales/Model M

ix

Cost R

eduction A

ctivity

FX

Steel, Oil Price

etc. Fluctuations

Fixed Cost

Fluctuation

Expenses for grow

th strategy


FY2016 Full-year Outlook- Ordinary income, Net income, Year-on-year -

( JPY Bil. ) FY16 FY15 ChangesNet Sales 1,950.0 1,879.4 70.6

Operating Income 175.0 171.1 3.9Ordinary Income 188.0 187.4 0.6

Net Income 110.0 117.1 -7.1


[Appendix]

Main Financial Index


CAPEX and Depreciation (Consolidated)- Recent Trend and Forecast -

（Forecast）

* FY09 or later included lease

CA

PEX

Depreciation


654.7 533.8 433.0 498.6 558.4 592.2 630.6 681.6

142.084.1

52.7 62.8 72.1 72.4 98.7 125.9

531.7369.3

352.5492.6 424.0

602.8 595.8 524.6

463.2

437.5242.7

361.5 345.6

388.2 435.8 547.3

0.0

500.0

1,000.0

1,500.0

2,000.0

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

Domestic

North America

Asia

Others

1,415.51,655.6

1,424.7

1,080.9

1,400.1

1,760.9 1,879.41,791.6

Consolidated Revenue by Segment

Overseas(64%)

Domestic

(36%)

(25%)

(30%)(36%)

(4%)

(26%)

(37%)

(24%)

(31%)

(35%)

(33%)

(5%)

(40%)

(22%)

(35%)

(4%)

(26%)

(5%)

(40%)(36%)

(6%)

(25%)

(34%)

(5%)

(36%)

(26%)

(30%)

(8%)

(36%)

(29%)

(28%)

(7%)

(36%)

*FY08 Exc ASEAN Jan-Mar


744.6 656.5 446.2

617.2 654.5 753.5 813.6 877.5

334.2

223.8

201.4

269.1 224.6

448.5 455.9

458.0 286.2

183.5

141.2

183.8 156.9

109.4 112.5

109.8

426.6

360.9

292.1

345.4 364.1

344.2 378.9

434.1

0.0

500.0

1,000.0

1,500.0

2,000.0


Others

PT&Compo

CV

LCV

1,415.51,424.7 1,400.1

1,655.6

1,080.9

1,760.91,791.61,879.4

Consolidated Revenue by Segment- LCV, CV, PT&Compo, Others (KD, parts) -

*FY08 Exc ASEAN Jan-Mar

(JPY Bil.)


109.6

21.7 11.0

88.2 97.4

130.8

174.2 171.1

5.7

1.5 1.0

6.27.0

7.9

9.9 9.1

0

2

4

6

8

10

12

0.020.040.060.080.0

100.0120.0140.0160.0180.0200.0


（％）

Operating Margin : Historical Trend- Consolidated -

(JPY Bil.)O

perating Income

(Consolidated)


360.3

280.6 297.6 328.1

415.5

5,290

633.4

754.5

28.927.3 26.8

29.5

34.2

39.541.6 41.9

0

5

10

15

20

25

30

35

40

45

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0


（％）

Consolidated Equity Ratio: Historical Trend- Consolidated-

Consolidated Equity Ratio

Consolidated

Equity Capital


152.1

119.8 106.4 101.0

154.5 175.9 182.9

233.0

1.0 1.0

1.2

0.9

1.3 1.3 1.3

1.5

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

0.0

50.0

100.0

150.0

200.0

250.0

300.0


Inventory Balance- Consolidated -

（Month）

FY2015 Financial Results › world › investor › financial › pdf › ...FY2015 Consolidated...

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