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Isuzu Motors fiscal Q1 profit climbs 21.7% YOY

Isuzu Motors Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥29.05 per share, an increase of 21.9% from ¥23.84 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥22.88 billion, a gain of 21.7% from ¥18.79 billion in the year-earlier period.

The normalized profit margin rose to 4.9% from 4.3% in the year-earlier period.

Total revenue increased 7.3% on an annual basis to ¥463.92 billion from ¥432.49 billion, and total operating expenses rose 7.2% on an annual basis to ¥424.32 billion from ¥395.67 billion.

Reported net income rose 42.6% year over year to ¥32.83 billion, or ¥41.69 per share, from ¥23.02 billion, or ¥29.20 per share.

As of Aug. 8, US$1 was equivalent to ¥110.77.