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Isuzu Motors
(7202)
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Rating:59Neutral
Price Target:
¥2,404.00
▲(5.81% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weakened cash generation (negative TTM free cash flow and low operating cash flow vs earnings) and some margin compression, with moderate but rising leverage also a concern. Valuation is a supporting factor due to a reasonable P/E and a strong dividend yield, while technicals are broadly neutral with mild near-term weakness.
Positive Factors
Recurring aftermarket revenue
A durable aftermarket and service network generates recurring revenue and supports gross margins beyond new-vehicle cycles. Over months this steady parts and service income helps stabilize cash flow, deepen customer ties, and supports lifetime value of fleet customers.
Negative Factors
Weak cash generation
TTM deterioration in operating cash and a negative free cash flow position signal weaker cash conversion and working-capital strain. Over the medium term this limits internal funding for capex, M&A or dividends and increases exposure to funding stress if cyclical revenues slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket revenue
A durable aftermarket and service network generates recurring revenue and supports gross margins beyond new-vehicle cycles. Over months this steady parts and service income helps stabilize cash flow, deepen customer ties, and supports lifetime value of fleet customers.
Read all positive factors
Isuzu Motors (7202) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.53T
Dividend Yield4.16%
Average Volume (3M)3.24M
Price to Earnings (P/E)10.7
Beta (1Y)1.12
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees43,005
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)209.07
Shares Outstanding688,751,800
10 Day Avg. Volume4,852,310
30 Day Avg. Volume3,236,710
Financial Highlights & Ratios
PEG Ratio2.08
Price to Book (P/B)1.05
Price to Sales (P/S)0.45
P/FCF Ratio18.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,500.00Price Target Upside10.04% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)240.55
Revenue Forecast (FY)¥3.74T
Isuzu Motors Business Overview & Revenue Model
Company Description
Operating globally, Isuzu Motors Limited specializes in the production and sale of commercial vehicles, including light commercial models, alongside a comprehensive range of diesel engines and their associated components. Their diverse product por...
How the Company Makes Money
Isuzu primarily makes money by selling commercial vehicles (notably trucks and buses) to businesses and fleet operators in Japan and overseas; revenue is recognized from vehicle shipments through its sales subsidiaries, distributors, and, where ap...
Isuzu Motors Earnings Call Summary
Earnings Call Date:Feb 09, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong financial performance, particularly with record net sales and increased market share in Japan, alongside improvements in component shortages. However, significant challenges were noted in global sales, particularly in emerging markets and Thailand, leading to a downward revision in sales volume forecasts. Despite these challenges, operating income and revenue from after-sales showed positive growth. The sentiment is balanced due to a mix of achievements and challenges.Positive Updates
Record All-Time High in Net Sales
Net sales in all profit levels for the first 9-month period marked an all-time high despite challenging market conditions.
Negative Updates
Decreased Global CV and LCV Sales
Global CV unit sales decreased due to rising interest rates and inflation in regions such as Asia. LCV unit sales in Thailand significantly decreased due to severe market conditions.
Read all updates
Q3-2024 Updates
Positive
Negative
Record All-Time High in Net Sales
Net sales in all profit levels for the first 9-month period marked an all-time high despite challenging market conditions.
Read all positive updates
Company Guidance
During the Isuzu Motor Limited earnings call for the third quarter of the fiscal year ending March 31, 2024, the executives provided a comprehensive overview of the company's financial performance and outlook. Despite challenging market conditions, including rising interest rates and inflation in regions such as Asia, Isuzu achieved record net sales and profit levels for the first nine months, driven by price realization, a weaker yen, and increased after-sales revenue. The company reported an operating income of JPY 253.6 billion and net income of JPY 159.4 billion for the period. While unit sales of commercial vehicles (CVs) and light commercial vehicles (LCVs) decreased, operating income improved by JPY 55.7 billion year-on-year due to cost reduction activities and a favorable model mix. The full-year operating income forecast remains at JPY 280.0 billion, with expectations of ordinary income reaching JPY 300.0 billion and net income at JPY 165.0 billion, despite revising down the sales volume forecast due to production delays and market conditions.Isuzu Motors Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
62
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.53T | 3.48T | 3.21T | 3.39T | 3.20T | 2.51T |
| Gross Profit | 696.50B | 664.90B | 617.09B | 680.23B | 595.19B | 458.19B |
| EBITDA | 394.12B | 391.36B | 359.47B | 429.49B | 383.54B | 309.08B |
| Net Income | 144.40B | 134.88B | 134.36B | 176.44B | 151.74B | 126.19B |
Balance Sheet | ||||||
| Total Assets | 3.70T | 3.66T | 3.30T | 3.26T | 3.10T | 2.90T |
| Cash, Cash Equivalents and Short-Term Investments | 391.12B | 376.25B | 358.71B | 367.31B | 383.59B | 356.02B |
| Total Debt | 1.01T | 857.40B | 758.84B | 622.66B | 513.14B | 530.48B |
| Total Liabilities | 2.02T | 2.00T | 1.77T | 1.73T | 1.59T | 1.51T |
| Stockholders Equity | 1.51T | 1.48T | 1.37T | 1.38T | 1.31T | 1.19T |
Cash Flow | ||||||
| Free Cash Flow | -43.71B | 83.92B | 95.24B | 164.28B | 119.77B | 71.73B |
| Operating Cash Flow | 149.88B | 263.00B | 254.06B | 308.74B | 227.09B | 172.06B |
| Investing Cash Flow | -220.67B | -191.91B | -202.34B | -143.43B | -72.37B | -420.87B |
| Financing Cash Flow | 34.52B | -76.91B | -90.60B | -161.11B | -148.53B | 186.15B |
Isuzu Motors Technical Analysis
Negative
2272.00
Price Trends
2283.77
Negative
2269.68
Negative
2338.51
Negative
Market Momentum
-24.83
Positive
43.39
Neutral
38.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7202, the sentiment is Negative. The current price of 2272 is below the 20-day moving average (MA) of 2287.35, below the 50-day MA of 2283.77, and below the 200-day MA of 2338.51, indicating a bearish trend. The MACD of -24.83 indicates Positive momentum. The RSI at 43.39 is Neutral, neither overbought nor oversold. The STOCH value of 38.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7202.
Isuzu Motors Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥4.17T | 7.87 | 13.72% | 2.24% | 14.50% | 28.97% | |
65 Neutral | ¥131.80B | 14.64 | ― | 1.60% | 14.62% | 47.61% | |
64 Neutral | ¥37.01T | 8.85 | 10.10% | 3.28% | 7.23% | 7.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥1.53T | 10.69 | ― | 4.05% | ― | ― | |
46 Neutral | ¥1.17T | -2.79 | -11.10% | ― | -0.62% | 49.29% |
* Consumer Cyclical Sector Average
JP:7202
Isuzu Motors
2,213.00
319.64
16.88%
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Isuzu Motors Corporate Events
Isuzu Motors Delivers Strong Q1 FY2027 Results and Affirms Profit Outlook
Aug 3, 2026
Isuzu Motors reported consolidated revenue of ¥832.5 billion for the quarter ended June 30, 2026, up 6.8% year on year, with operating profit surging 30.7% to ¥74.8 billion and profit attributable to owners of the parent rising 23.0% to ...
Isuzu Revenue Rises but Margins Tighten as Automaker Targets Profit Rebound in FY2027
May 13, 2026
Isuzu Motors reported fiscal 2026 consolidated revenue of ¥3.48 trillion, up 7.5% year on year, but operating profit fell 11.2% to ¥203.7 billion as margins contracted and the operating profit-to-revenue ratio slipped to 5.9%. Profit att...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.