DENSO Announces First-half Financial Results

DENSO announced its financial results for the first-half ending September 30, 2018 for fiscal year ending March 31, 2019:

Global Results

• Consolidated revenue: US$23.1 billion, a 11.1 percent increase from previous year
• Consolidated operating profit: US$1.3 billion, a 25.5 percent decrease from previous year

“DENSO’s revenue rose due to an increase in global vehicle production in spite of natural disasters. In addition, newly consolidated subsidiary, DENSO TEN, contributed to growth in revenue. Operating profit decreased due to transient profit in the last fiscal year, variance of periods in collecting expenses and increase in investment for future growth toward becoming a leading mobility supplier,” said Koji Arima, global president and CEO of DENSO Corporation.

North American Results

• Revenue: US$5.3 billion, a 10.2 percent increase from previous year
• Operating profit: US$136.5 million, a 25.5 percent decrease from previous year

In North America, sales expansion led to the increase in revenue. Operating profit decreased due to the increase in expenses for R&D and investments for expanding production capabilities.

Key Terms

• Revenue: This is our income; it’s all the money DENSO receives from business activities, like selling products to our customers.
• Operating Profit: The money DENSO makes after subtracting expenses from our revenue. Expenses are the costs to keep our business running, like office supplies, utilities, payroll and more.
• Consolidated: This describes the total, combined revenue or operating profit made my DENSO Global Headquarters, and its majority-owned group companies and affiliates.

Click here to view DENSO’s financial forecast and financial results for other regions.