Earnings quality
Compare earnings and operating cash flow for earnings quality.
Isuzu Motors Limited
Ticker 7202 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-23 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 40.4%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio40.4%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
いすゞ自動車株式会社 is a Japanese listed company. Its reportable segments include Total Of, Disclosure Of Changes In.
- Total Of
- Disclosure Of Changes In
Segments Total Of · Disclosure Of Changes In
Compare trends
No phone/email found in this filing · Filing date 2026-06-23
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥662.3B | ¥664.9B |
| Operating profit (loss) | ¥229.5B | ¥203.7B |
| Finance income | ¥18.8B | ¥20.2B |
| Finance costs | ¥12.5B | ¥8.3B |
| Income tax expense | ¥64.0B | ¥56.0B |
| Profit (loss) | ¥180.9B | ¥174.6B |
| Profit (loss) attributable to owners | ¥140.1B | ¥134.9B |
| Basic EPS (¥) | 190.78 | 193.14 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥358.7B | ¥376.2B |
| Current assets | ¥1.8T | ¥2.0T |
| Non-current assets | ¥1.5T | ¥1.6T |
| Total assets | ¥3.3T | ¥3.7T |
| Short-term borrowings | — | — |
| Current liabilities | ¥1.1T | ¥1.2T |
| Non-current liabilities* | ¥629.7B | ¥812.0B |
| Total liabilities | ¥1.8T | ¥2.0T |
| Equity attributable to owners | ¥1.4T | ¥1.5T |
| Total equity | ¥1.5T | ¥1.7T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥254.1B | ¥247.4B |
| Cash flows from investing activities | -¥202.3B | -¥170.0B |
| Cash flows from financing activities | -¥90.6B | -¥83.2B |
| Net increase (decrease) in cash | -¥30.5B | ¥26.7B |
| Cash at end of period | ¥358.7B | ¥376.2B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥2.5T | ¥3.2T | ¥3.4T | ¥3.2T | ¥3.5T | |
| Operating profit | ¥208.4B | ¥269.9B | ¥313.0B | ¥248.2B | ¥203.7B | |
| Profit to owners | — | — | ¥169.0B | ¥140.1B | ¥134.9B | |
| Total assets | ¥2.9T | ¥3.0T | ¥3.3T | ¥3.3T | ¥3.7T | |
| Cash & equivalents | — | ¥358.2B | ¥389.2B | ¥358.7B | ¥385.4B | |
| Owners’ equity | ¥1.4T | ¥1.2T | ¥1.4T | ¥1.4T | ¥1.5T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥662.3B to ¥664.9B, while operating profit swung from ¥229.5B to ¥203.7B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥247.4B (prior ¥254.1B), and cash on the balance sheet rose to ¥376.2B from ¥358.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥2.0T while owners’ equity fell to ¥1.5T. ROE moved from 10.2% to 9.5%, and the equity ratio from 41.6% to 40.4%. Employee count is 43,005 vs 42,117 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 41.6% to 40.4%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YFBQ
(いすゞ自動車株式会社), period end 2026-03-31.