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Sales are expected to slide around 50 per cent on the year to about 450 billion yen, missing a prior forecast for 480 billion yen. Domestic commercial vehicle sales likely fell short of their target, plunging 40 per cent to roughly 17, 000 units. Demand for the key light-duty Elf truck and other offerings was sluggish. Despite sales in some parts of Asia topping expectations, it was not enough to make up for languishing domestic demand.
Isuzu likely slashed around 20 billion yen from costs by trimming operating and personnel expenses, at least 5 billion yen more than planned. Other boosts were falling steel and other materials prices as well as efforts to consolidate parts.
The operating loss at the commercial vehicle manufacturer is seen at roughly 5-8 billion yen in the July-September quarter, shrinking from 14.6 billion yen in the April-June term.
Given uncertainties about a recovery in demand, Isuzu could leave its outlook for a full-year operating loss of 18 billion yen unchanged when announcing first-half results.
(Nikkei)maz
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