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Makes commercial trucks, buses and diesel engines sold globally, especially in emerging markets.
Makes commercial trucks, buses and diesel engines sold globally, especially in emerging markets.
Sells trucks and buses mostly outside Japan, with the Thailand-built D-Max pickup an important export, and after-sales parts and service for its large installed base give steadier income. It bought UD Trucks from Volvo in 2021 to build out heavy trucks. Engines are also supplied to other companies.
In one line: Japan's Paccar/Navistar.
Moat: narrow (brand, distribution, installed base). Strong emerging-market truck distribution and diesel-engine reliability reputation.
Headquarters: Tokyo, Japan · Founded: 1916 · Employees: 43,005
Size Isuzu Motors (7202.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $9.26B, the 148th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,125 on 6 Nov 2026.
Performance Over six months the shares fell 1.0%, against -15.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +8.1%); the operating margin is 6.0% (peer median 4.3%).
Valuation It trades at 8.8× forward earnings against a peer median of 16.1× (3rd cheapest of 16).
Capital Return on invested capital runs 1.2 points below its cost of capital (7.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥3.53T | ¥3.48T | ¥3.24T | ¥3.40T | ¥3.20T |
| Revenue growth | — | +8% | -5% | +7% | — |
| Gross profit | ¥696B | ¥665B | ¥496B | ¥531B | ¥591B |
| EBITDA | ¥367B | ¥351B | ¥398B | ¥462B | ¥365B |
| Net income | ¥144B | ¥135B | ¥140B | ¥169B | ¥152B |
| Free cash flow | -¥43.7B | ¥83.9B | ¥95.2B | ¥164B | ¥120B |
| Capital expenditure | ¥231B | ¥216B | ¥214B | ¥176B | ¥107B |
| Total debt | ¥1.01T | ¥857B | ¥759B | ¥627B | ¥513B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Isuzu Motors 7202.T | $9.26B | -1% | +5% | 6% | 8.8× | n/a |
| ARCHION 543A.T | $5.11B | -9% | +9% | 5% | 2.4× | 7.4% |
| Paccar PCAR | $53.7B | -11% | -1% | 11% | 15.4× | 11.2% |
| Tata Motors TMCV.NS | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7202.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.7% | +5.7% | 9th lowest of 21 |
| 6-month return | -1.0% | -15.4% | 8th highest of 21 |
| Distance from 52-week high | -26.0% | -27.8% | 11th highest of 21 |
| Revenue growth (TTM) | +5.1% | +8.1% | 10th lowest of 21 |
| Operating margin | 6.0% | 4.3% | 10th highest of 21 |
| Forward P/E | 8.8× | 16.1× | 3rd cheapest of 16 |
| ROIC minus cost of capital | -1.2 pp | -1.7 pp | 10th highest of 19 |
| EV / EBITDA | 6.1× | 8.1× | 4th cheapest of 11 |
| Net debt / EBITDA | 1.7× | 0.7× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 4.9× | 3.4% | +5.9% |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 33.4× | 9.4% | +2.4% |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% | +8.7% |
| Seres 601127.SS | China | $11.0B | -51% | -6% | -4% | 139.8× | n/a | n/a |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | n/a | n/a | n/a |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | n/a | n/a | n/a |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | n/a | n/a | n/a |
| Tata Motors Passenger Vehicles TMPV.NS | India | $11.4B | -19% | -22% | 0% | 10.7× | n/a | n/a |
| Shimano 7309.T | Japan | $11.5B | +29% | +5% | 12% | 35.8× | 6.0% | +4.3% |
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% | +8.9% |
| Hero Motocorp HEROMOTOCO.NS | India | $11.7B | +3% | +27% | 12% | 19.1× | 14.1% | +9.2% |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% | +34.5% |
| Subaru 7270.T | Japan | $12.3B | +16% | 0% | 3% | 12.0× | 2.7% | +11.1% |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% | +14.0% |
| Li Auto-w 2015.HK | Hong Kong | $12.4B | -32% | -24% | -7% | n/a | n/a | n/a |
| Zhejiang Leapmotor Technology 9863.HK | Hong Kong | $6.34B | -25% | +71% | -1% | 16.1× | -14.5% | +150.7% |