Isuzu 2012 Annual Report Download - page 8

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6
Financial results for FY2012
In the fiscal year ended in March 2012, we faced many
challenges: disruption in parts supply and power shortages
following the Great East Japan Earthquake, a strengthening
of the yen, a European debt crisis, and flooding in Thailand.
Against this backdrop, Isuzu worked hard to stabilize production
and to recover from supply delays in an effort to help fulfill
customers’ transportation needs. We have been able to meet
CV (commercial vehicle) demand, which has been spurred by
growth in emerging markets and by the reconstruction effort
in Japan, despite temporary delays that inconvenienced some
customers. Delivering LCVs (pickup trucks) has proven more
challenging due to the impact of flooding in Thailand, and
delivery timeframes have been pushed back to the fiscal year
ending in March 2013.
With regard to financial results, net sales totaled ¥1,400.1
billion, comparable to but down ¥15.4 billion from the previous
year, despite efforts to increase sales both in Japan and
overseas, and due in part to the impact of flooding in Thailand.
Operating income came to ¥97.4 billion, up ¥9.2 billion year on
year thanks to a lean cost structure that is now firmly ingrained
in our operation, increasing our base profitability. Ordinary
income increased ¥11.6 billion to ¥102.9 billion from the
previous term, and net income totaled ¥91.3 billion, an increase
of ¥39.7 billion from the previous year.
FY2013 forecast
The Japanese market is projected to remain robust owing to
government-sponsored eco-car subsidies, in addition to continued
demand relative to reconstruction efforts following the Great
East Japan Earthquake. Meanwhile, sales in the Thai market are
expected to increase due to rising demand from economic stimulus
packages implemented by the government, coupled with a good
market reception for the new D-MAX which was launched last
September. We expect that the start of operations at a new plant
in the fall will contribute to a significant sales expansion in Thailand.
We also anticipate that newly emerging economies will drive sales
expansion in other markets outside Japan.
Establishing and Transitioning to a Global Three Core Business Organization
Message from the President
Message from the President