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Investing.com -- Japanese automaker Isuzu reported second-quarter sales of ¥857.5 billion, representing a 7% increase year-over-year, with operating profit reaching ¥47.4 billion, closely matching consensus expectations of ¥44.1 billion.
The company’s first-half operating profit exceeded its internal plan by ¥15 billion, benefiting from favorable foreign exchange effects and deferred costs, which contributed ¥7 billion each.
Despite the strong performance, Isuzu maintained its full-year operating profit guidance at ¥210 billion for the fiscal year ending March 2026. The company did adjust the breakdown of its forecast, revising its yen-dollar exchange rate assumption from ¥140 to ¥145.5 per dollar, resulting in a positive impact of ¥9.5 billion.
This positive currency effect was offset by downward revisions in other areas, including a ¥6.5 billion reduction due to lower sales expectations for light commercial vehicles in Thailand and reduced export volumes, as well as decreased overseas commercial vehicle volumes. Price realization effects were also adjusted downward by ¥5 billion.
Isuzu indicated that actual operating profit could potentially exceed the ¥210 billion guidance, primarily due to foreign exchange benefits. The company also noted that additional tariffs on mid-size and large trucks implemented since November would have minimal impact on the current fiscal year’s earnings due to inventory measures, though it anticipates a ¥15 billion impact in the fiscal year ending March 2027.
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