Isuzu 2004 Annual Report Download - page 3

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Isuzu is moving forward on research and development in the latest technologies for
trucks, buses, pickup trucks and diesel engines so that we can offer products and
services that satisfy the needs of our customers around the globe. For the sake of the
future of our planet, we are working to develop clean diesel engines that impose a
minimal burden on the environment and we are also promoting the more widespread
acceptance of vehicles that use low-emission CNG and LPG fuels. We are also forging
ahead on the development of clean energy vehicles such as diesel-engine-based hybrid
vehicles and vehicles that run on dimethyl ether (DME), an alternative energy fuel. Isuzu is
pouring a tremendous amount of effort into this research and development, and we are
making a broad contribution to society through the resulting advanced vehicle technology.
03
ISUZU at a Glance・・・・・・・・・・・・・・・・・・・・・・・・・・・・・01
ISUZU Technology ・・・・・・・・・・・・・・・・・・・・・・・・・・・・03
Profile ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・04
Consolidated Financial Highlights ・・・・・・・・・・・・・・・・・05
Message from the President・・・・・・・・・・・・・・・・・・・・・06
The New Three-Year Business Plan ・・・・・・・・・・・・・・・08
Fiscal 2004 Topics ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・10
Environmental & Social Activities
・・・・・・・・・・・・・・・・・・12
Corporate Governance
・・・・・・・・・・・・・・・・・・・・・・・・・・14
Financial Section
・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・15
Five-Year Summary ・・・・・・・・・・・・・・・・・・・・・・・・・・・・16
MD&A ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・17
Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・20
Consolidated Statements of Operations ・・・・・・・・・・・・22
Consolidated Statements of Shareholders' Equity ・・・・23
Consolidated Statements of Cash Flows ・・・・・・・・・・・・24
Notes to Consolidated Financial Statements ・・・・・・・・25
Report of Independent Auditors ・・・・・・・・・・・・・・・・・・40
Corporate Directory ・・・・・・・・・・・・・・・・・・・・・・・・・・・41
Board of Directors・・・・・・・・・・・・・・・・・・・・・・・・・・・・・42
Corporate Data ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・43
Forward-Looking Statements
This annual report contains forward-looking statements about Isuzu
Motors Limited’s plans, strategies, beliefs and future performances.
These forward-looking statements are based on current
expectations, estimates, forecasts and projections about the
industries in which Isuzu Motors Limited operates, and
management’s beliefs and assumptions. As the expectations,
estimates, forecasts and projections are subject to a number of
risks, uncertainties and assumptions, actual results may differ
materially from those projected. Isuzu Motors Limited, therefore,
wishes to caution readers not to place undue reliance on such
forward-looking statements.
Contents
Isuzu Technology
Isuzu exhibited the prototype direct-injection, diesel-cycle, mono-fuel, CNG-
powered ELF light-duty truck in collaboration with Westport Innovations, Inc.
of Canada at the Michelin Challenge Bibendum, considered one of the
premier global events for advanced technology vehicles.
With the DI-CNG ELF truck, Isuzu gained
two gold medals in the efficiency and
emissions categories and one silver
medal in the noise category.