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Annual Report 2013
07
business to meet future challenges, our efforts in this area are
centered on establishing and transitioning to what we have termed
a “Global Three Core Business Organization” that augments our
Japan-based CV (Commercial Vehicle) business and Thailand-
centered LCV (pickups and pickup derivatives) business with an
Indonesia-based CV business targeting emerging markets.
In FY2014, we will continue to strive to achieve new
corporate growth, development, and stability by steadily
implementing initiatives geared to help us “establish and
transition to a Global Three Core Business Organization” so
that we can achieve the key objectives of the Mid-term Business
Plan: “Enhancement of the ASEAN CV Business,” “Stabilization
of Business in Japan” and “Enhancement and Expansion of the
LCV Business.”
As we work to achieve these goals, revitalizing our business
to meet future challenges, we at Isuzu Motors look forward to
your renewed understanding and support.
year. We also expect the reversal of the strong yen that began
at the end of last year to make a significant contribution to our
results in FY2014.
During FY2014, we will be working to achieve net sales of
¥1,920.0 billion, operating income of ¥180.0 billion, ordinary
income of ¥190.0 billion, and net income of ¥115.0 billion. All of
these figures represent a dramatic improvement in profitability
that lies significantly above the trajectory of the company’s
recent performance.
Final year of the Mid-term Business Plan (April 2011 to
March 2014)
The current Mid-term Business Plan sets forth Isuzu’s basic
direction as “aiming at excellence in respecting the environment
to meet the demands of society, maximizing vehicle operating
rates and minimizing life-cycle costs to meet customer’s needs.”
Under this plan, we are working to bring to market “eco-friendly
products” and “products meeting specific needs of emerging
markets,” to implement a growth strategy in emerging markets
while maintaining our businesses in advanced markets.
Specifically, as we look toward FY2016 and revitalizing our
Susumu Hosoi
President & Representative Director