IsuzuISUZU MOTORS LIMITED7202東証プライム輸送用機器FY ending Mar 2026, consolidated, IFRS

Isuzu FY ending Mar 2026 results

About 94% of Isuzu's sales come from Automobile, with Financial services making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +7.5% from the prior year, operating profit -11.2%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +7.5% · profit -11.2%, calculated from disclosed figures.

Operating leverage: -1.49× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+7.5%¥3.24T → ¥3.48T
Gross profit
+0.4%¥662.3B → ¥664.9B
Operating income
-11.2%¥229.5B → ¥203.7B
Net income attributable to owners
-3.7%¥140.1B → ¥134.9B
Operating cash flow
-2.6%¥254.1B → ¥247.4B
Free cash flow
-23.0%¥40.5B → ¥31.2B

Results at a glance

  • Revenue for FY ending Mar 2026 grew +7.5%, from ¥3.24T to ¥3.48T.
  • Profit went the other way: operating income fell -11.2% to ¥203.7B, and net income slipped -3.7% to ¥134.9B.
  • Gross profit was nearly flat at ¥664.9B (+0.4%).
  • Operating cash flow was ¥247.4B (-2.6%), and free cash flow dropped -23.0% to ¥31.2B.

What drove the change

  • Unit sales rose in Japan on steady demand, and abroad trucks grew in the Middle East, Africa and Latin America while pickups grew in Africa and Oceania.
  • Price increases and higher volumes added profit, but U.S. tariffs, higher material costs, a stronger yen and more spending on growth projects outweighed them.
  • Shipments to the Middle East were halted because of the situation in the region, which also hurt profit.

Things to watch

  • An economic slowdown in key markets such as Japan, Thailand and the U.S. could shrink demand for commercial vehicles.
  • Additional tariffs have made the global economic outlook harder to read.
  • Wars, changes of government and other geopolitical shifts could disrupt sourcing, production and sales.

Annual Securities Report, 124th fiscal term / Management's analysis of financial position, operating results and cash flows · Annual Securities Report, 124th fiscal term / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Isuzu sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥81
SG&A
¥13
Operating profit
¥6
Net profit kept
¥4

Annual margin trends

Gross margin19.1%
FY ending Mar 2021: 15.9%15.9%FY ending Mar 2022: 18.2%18.2%FY ending Mar 2023: 18.6%18.6%FY ending Mar 2024: 20.4%20.4%FY ending Mar 2025: 20.5%20.5%FY ending Mar 2026: 19.1%19.1%FY21FY22FY23FY24FY25FY26
Operating margin5.9%
FY ending Mar 2021: 5.0%5.0%FY ending Mar 2022: 7.4%7.4%FY ending Mar 2023: 7.9%7.9%FY ending Mar 2024: 8.3%8.3%FY ending Mar 2025: 7.1%7.1%FY ending Mar 2026: 5.9%5.9%FY21FY22FY23FY24FY25FY26
Net margin3.9%
FY ending Mar 2021: 2.2%2.2%FY ending Mar 2022: 5.0%5.0%FY ending Mar 2023: 4.7%4.7%FY ending Mar 2024: 5.0%5.0%FY ending Mar 2025: 4.3%4.3%FY ending Mar 2026: 3.9%3.9%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (10)
  • EDINET (FSA Japan)

    有価証券報告書-第124期(2025/04/01-2026/03/31)

    ID S100YFBQ2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第123期(2024/04/01-2025/03/31)

    ID S100W4GF2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第122期(2023/04/01-2024/03/31)

    ID S100TUA92024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第121期(2022/04/01-2023/03/31)

    ID S100R6CY2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第120期(令和3年4月1日-令和4年3月31日)

    ID S100OHML2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第119期(令和2年4月1日-令和3年3月31日)

    ID S100LPZS2021-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第118期(平成31年4月1日-令和2年3月31日)

    ID S100J2IP2020-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第117期(平成30年4月1日-平成31年3月31日)

    ID S100G7N62019-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第116期(平成29年4月1日-平成30年3月31日)

    ID S100DGFT2018-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第115期(2016/04/01-2017/03/31)

    ID S100AO6K2017-06-29Open

Extracted from XBRL: 44 / Derived from other figures: 1

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