TOKYO - Isuzu Motors Ltd. said on Thursday it will report better results than anticipated for the fiscal year ended March 31 thanks to better than expected sales of pickups and commercial trucks in Japan and other Asian countries.
Isuzu forecasts that its group, or consolidated, net loss for the year will be 144.3 billion yen, or $1.2 billion at current exchange rates, down from the $1.4 billion it had forecast in October. But the revised loss is wider than the $357.7 million loss in the previous year.
Isuzu's revenues likely totaled $11.2 billion. That also is higher than the previously estimated $10.6 billion but lower than the $13.3 billion in the previous year.
General Motors owns 12 percent of Isuzu.
Isuzu shipped 61,115 commercial trucks in the Japanese market, up from the planned 59,000. Volume benefited from Japan's stricter diesel emissions regulations, which will be introduced in October. The rule has encouraged corporate users to shift to Isuzu's greener trucks.
The truckmaker also shipped 36,110 pickups to Southeast Asian markets, more than the projected 24,100.
Isuzu will announce its official financial results on Friday, May 23.