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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 was ¥24.73 per share, an increase from ¥24.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥19.47 billion, an increase from ¥19.23 billion in the prior-year period.

The normalized profit margin declined to 3.7% from 4.0% in the year-earlier period.

Total revenue grew 9.5% year over year to ¥520.76 billion from ¥475.58 billion, and total operating expenses increased 9.5% year over year to ¥486.25 billion from ¥444.03 billion.

Reported net income grew 25.9% from the prior-year period to ¥19.82 billion, or ¥25.17 per share, from ¥15.74 billion, or ¥19.98 per share.

As of Nov. 9, US$1 was equivalent to ¥113.67.