Isuzu Motors Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to ¥23.32 per share, a decline of 23.3% from ¥30.41 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.37 billion, a decline of 25.8% from ¥24.74 billion in the year-earlier period.
The normalized profit margin fell to 3.2% from 4.8% in the year-earlier period.
Total revenue climbed 11.4% year over year to ¥568.65 billion from ¥510.64 billion, and total operating expenses climbed 14.7% from the prior-year period to ¥531.89 billion from ¥463.57 billion.
Reported net income declined 28.8% year over year to ¥24.95 billion, or ¥31.69 per share, from ¥35.05 billion, or ¥43.09 per share.
For the year, the company's normalized net income totaled ¥102.36 per share, compared to EPS of ¥114.70 in the prior year.
Normalized net income was ¥80.64 billion, a fall from ¥95.02 billion in the prior year.
Full-year total revenue increased year over year to ¥1.953 trillion from ¥1.927 trillion, and total operating expenses increased on an annual basis to ¥1.807 trillion from ¥1.755 trillion.
The company said reported net income declined on an annual basis to ¥93.86 billion, or ¥119.13 per share, in the full year, from ¥114.68 billion, or ¥138.42 per share.
As of June 29, US$1 was equivalent to ¥112.60.