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Isuzu Motors fiscal Q4 profit climbs 20.1% YOY

Isuzu Motors Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥30.22 per share, an increase of 21.5% from ¥24.87 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥25.31 billion, an increase of 20.1% from ¥21.07 billion in the prior-year period.

The normalized profit margin rose to 4.8% from 4.5% in the year-earlier period.

Total revenue grew 13.2% year over year to ¥530.30 billion from ¥468.65 billion, and total operating expenses increased 12.8% from the prior-year period to ¥482.15 billion from ¥427.31 billion.

Reported net income grew 16.0% from the prior-year period to ¥34.62 billion, or ¥41.35 per share, from ¥29.84 billion, or ¥35.23 per share.

For the year, the company's normalized net income totaled ¥112.17 per share, compared to EPS of ¥108.79 in the prior year.

Normalized net income was ¥94.23 billion, a gain from ¥92.15 billion in the prior year.

Full-year total revenue increased year over year to ¥1.879 trillion from ¥1.761 trillion, and total operating expenses grew year over year to ¥1.708 trillion from ¥1.587 trillion.

The company said reported net income fell on an annual basis to ¥117.06 billion, or ¥139.34 per share, in the full year, from ¥119.32 billion, or ¥140.85 per share.

As of June 26, US$1 was equivalent to ¥123.96.