Isuzu Motors Corporation (Headquarters: Yokohama City, Kanagawa Prefecture; President and COO: Shinsuke Minami; hereinafter referred to as “Isuzu”) aims to develop commercial mobility solutions by 2030 to address the challenges faced by customers and society through transportation. Transform into a company. Leveraging “Trust x Creation”, we are developing new businesses centered on three areas: (1) autonomous driving solutions, (2) connected services, and (3) carbon neutral solutions, and are driving future growth. I'm coming. Our group aims to achieve sales of 6 trillion yen and an operating profit margin of over 10% in fiscal 2031 by promoting these new growth fields while strengthening existing businesses.
1 background
The Isuzu Group formulated a new corporate philosophy, “ISUZU ID,” in May 2023.ⅰ. This will serve as a guideline for all Group employees to share the same values and cooperate with each other during the once-in-a-century transformation of the logistics and transportation industry. Our group's motto is “Moving the World – for You,” and our vision is to “move the world forward as an innovation leader of trust and creativity.” Our group is committed to investing a total of 1 trillion yen in innovation by fiscal 2031 in order to accelerate carbon neutrality (CN) and digital transformation (DX) in the logistics field.
“Isuzu Transformation (IX)” is based on the results of the previous “2024 Medium-term Management Plan” (April 2021 to March 2024), backcasting based on the future business environment, and creating ISUZU ID and ISUZU We will optimize the ID. Group vision for 2030.
2 Management policy
-
-
The Isuzu Group will expand its business model into new solution businesses toward 2030. To achieve this, our group will promote current and future business expansion and aim to become a commercial mobility solutions company that responds to the challenges of all stakeholders, including customers and society.
-
3 Developing new businesses that promote innovative transportation
The Isuzu Group will accelerate the commercialization of innovation in three areas and build the foundation for strong future business growth.
Through these growth fields, our group aims to achieve sales equivalent to 1 trillion yen by the 2030s.
(1) Autonomous driving solution
The Isuzu Group plans to start a new level 4 self-driving truck and bus business from fiscal 2028. This spring, our group began acquiring autonomous driving technology and building infrastructure services. After conducting demonstration experiments in collaboration with alliance partners, the system will be initially applied to expressways for trucks, inter-location transportation, and urban transportation routes for buses, and will be gradually applied from fiscal 2028.
(2) Connected services
In Japan, the Isuzu Group provides services that improve the operational efficiency of transportation companies and shippers, and aims to create new services through cross-industry data collaboration with GATEX.IIis a commercial vehicle information platform that addresses challenges facing the logistics industry, such as the driver shortage. Additionally, PREISMⅲAdvanced Maintenance Program, and EVisionⅳWe offer the BEV Introduction Support Program, a total solution program that supports the introduction of BEVs, in North America, and plan to expand it to major overseas markets by 2028.
(3) Carbon neutral solution
The Isuzu Group will collaborate with various partners and promote CN through multiple paths. Specifically, we will add CN products to all product categories by 2030. Furthermore, with an eye on the expansion of CN products in the 2030s, we will promote the transition to a carbon-neutral society by introducing cost-competitive BEVs and promoting the widespread use of full-scale electric vehicles. Large-scale development of peripheral businesses such as the EVision cycle conceptvbattery replacement solution.
Four Strengthening existing businesses that support stable transportation
By further strengthening its core business, the Isuzu Group aims to sell more than 850,000 new cars and more than 5 trillion yen in fiscal 2031. In the CV business, Isuzu and UD Trucks (hereinafter referred to as “UD”) will further accelerate the creation of synergies not only by sharing products but also by sharing sales and service channels, with the aim of further expanding sales globally. In LCVⅵ Isuzu will strive to expand sales in growing markets and promote business growth by diversifying power sources and developing technology for next-generation models toward 2030.
5 Market/manufacturing infrastructure strategy
The Isuzu Group has positioned Japan, the United States, and ASEAN as priority regions, and will continue to invest in the entire supply chain with a focus on increasing production capacity. Furthermore, we will strive to further penetrate our brand and expand our presence in India and Africa, strategic regions where future growth is expected.
Priority markets and manufacturing bases (1): Japan
The Isuzu Group will continue to build a strong supply chain to ensure appropriate global production volumes. As Japan continues to experience a labor shortage, the Group will leverage tools such as generative AI to improve efficiency and modernize existing infrastructure, as well as invest in optimizing its domestic manufacturing systems. Additionally, we will invest 205 billion yen to strengthen sales and service functions that support new vehicle sales and existing vehicle operators. Through these efforts, our group aims to strengthen our existing businesses.
In response to the 2024 Work Style Reform Act, the Isuzu Group will work to improve operations from the shipper's perspective, taking into account drivers' actual working hours and loading rates, and strive to reduce the burden on drivers. Furthermore, working on the development of autonomous driving technology and new businesses is synonymous with our group supporting manufacturing, the flow of people, and manufacturing in Japan.
Priority markets and manufacturing bases (2): United States
Our group will leverage its experience in BEV business development to launch small BEVs in the United States. Starting with this, our group will actively invest in the country in order to strengthen our development and purchasing functions and increase our production capacity. We will also shift to a business model that emphasizes after-sales service and aim to become the leader in the LCF market.ⅶ market.
6 Financial policy
(1) Financial goals
(2) Investment overview
7 Establishing a management foundation rooted in ISUZU ID
The Isuzu Group is building a world-standard human resource management system based on the ISUZU ID philosophy. As a first step, we will introduce a new personnel system this spring, and gradually expand the scope of application to the entire group by fiscal 2027.
We will also promote digital transformation (DX) and encourage all employees to improve their basic and specialized skills and acquire new skills that encourage innovation. This will promote the expansion of technologies and services for new business development and improve the efficiency of existing operations.
Furthermore, we will work on securing human resources and internal transfers, aiming to build a solid human resource base in the DX field. The Isuzu Group will transform itself, promote innovation, and increase the value it provides to the world.
The Isuzu Group will respond flexibly to the diversifying needs of our customers and changes in the business environment. Under the “ISUZU Transformation ~Growth to 2030 (IX)~”, our group aims to transform into a commercial mobility solutions company that leads the industry and responds to the challenges of customers and society by leveraging our strengths of “Trust x Creation.” I aim for it.
sauce: Isuzu
