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Isuzu Motors fiscal Q2 profit climbs YOY

Isuzu Motors Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥28.74 per share, a gain from ¥28.14 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.11 billion, an increase from ¥23.84 billion in the prior-year period.

The normalized profit margin fell to 5.1% from 5.3% in the year-earlier period.

Total revenue climbed 5.4% on an annual basis to ¥477.11 billion from ¥452.85 billion, and total operating expenses climbed 7.4% from the prior-year period to ¥437.24 billion from ¥407.04 billion.

Reported net income decreased on an annual basis to ¥28.27 billion, or ¥33.69 per share, from ¥29.19 billion, or ¥34.46 per share.

As of Nov. 5, US$1 was equivalent to ¥114.52.