Isuzu Motors' third-quarter profit exceeded expectations despite challenges in the North American market

LootboxPhobia · 2026-02-12T12:34:40+00:00

Isuzu Motors' third-quarter sales reached 8.742 trillion yen, a 5% year-over-year increase, with operating profit of 67.9 billion yen exceeding expectations. Although North American sales were below expectations, a weak yen and cost-cutting measures benefited performance. The company maintains its full-year operating profit guidance at 2.1 trillion yen with some adjustments and plans to optimize production efficiency through factory consolidation.

LootboxPhobia

2026-02-12 12:34:40

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Investing.com – Isuzu Motors reported third-quarter sales of 874.2 billion yen, up 5% year-over-year, with operating profit of 67.9 billion yen, surpassing market expectations of 63.5 billion yen.

The company’s operating profit exceeded internal plans by 8 billion yen. Although North American commercial vehicle sales were below expectations, the company benefited from a weak yen, cost-cutting measures, and expense reductions.

Isuzu maintained its full-year operating profit guidance for fiscal 2026 at 210 billion yen but adjusted several forecast components. The company raised foreign exchange impact by 5.5 billion yen, adjusting the USD/JPY assumption from 145.5 to 147.8 yen per dollar. It also adjusted depreciation expenses upward by 2 billion yen.

These positive adjustments were offset by a 10 billion yen reduction due to sales and product mix effects, mainly attributable to North American commercial vehicle inventory adjustments and a soft market environment.

The company noted that its foreign exchange assumptions for January through March remain conservative, indicating potential upside for the full-year operating profit guidance.

Isuzu also announced plans to optimize domestic production by consolidating large truck manufacturing from the Fujisawa plant to UD Trucks’ Kamiooka plant. The Fujisawa plant will focus on small and medium trucks. This restructuring aims to clarify the roles of the two production bases and improve overall manufacturing efficiency.

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