Isuzu Motors (7202) Q1 2027 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2026, increased by 6.8% year-over-year to JPY 832.5 billion, with operating profit up 30.7% to JPY 74.8 billion and profit attributable to owners of parent rising 23% to JPY 50.9 billion.

• Operating profit rose by JPY 17.6 billion year-over-year despite lower unit sales, driven by price realization, cost reduction, and favorable foreign exchange rates.

• Comprehensive income surged 66.2% year-over-year to JPY 72.4 billion, reflecting strong operational and financial performance.

• Shipment delays and vessel shortages, especially to the Middle East, impacted sales volumes, but the full-year outlook remains unchanged.

Financial highlights

• Gross profit rose to JPY 187.9 billion from JPY 156.3 billion year-over-year, while operating profit margin improved significantly.

• Basic earnings per share increased to JPY 74.12 from JPY 58.18 year-over-year.

• Total assets reached JPY 3,703.0 billion, up JPY 39.9 billion from March 31, 2026.

• Cash and cash equivalents at period-end were JPY 391.1 billion, up JPY 5.7 billion sequentially.

• Profit before tax: JPY 81.4 billion (+27% year-over-year).

Outlook and guidance

• Full-year FY2027 revenue forecast is JPY 3,700.0 billion (+6.4% year-over-year), with operating profit projected at JPY 260.0 billion (+27.6%) and profit attributable to owners of parent at JPY 160.0 billion (+18.6%).

• Dividend forecast for FY2027 is JPY 94.00 per share, up from JPY 92.00 in FY2026.

• No changes to the global unit sales or earnings outlook from the May announcement.

• Guidance incorporates risks from global economic trends and exchange rate fluctuations.