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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.

DENSO Corporation announced its global financial results for the first quarter ending June 30, 2017 for fiscal year ending March 31, 2018:

• Consolidated revenue totaled 1,164.9 billion yen (US$10.4 billion), a 6.6 percent increase from the previous year.
• Consolidated operating profit totaled 93.2 billion yen (US$831.8 million), a 38.6 percent increase from the previous year.
• Consolidated profit attributable to owners of the parent company totaled 76.7 billion yen (US$684.8 million), a 66.3 percent increase from the previous year.

“DENSO’s revenue increased by the increase of car production and sales expansion as well as operating profit due to the production volume increase and cost reduction efforts.” said Yasushi Matsui, executive director of DENSO Corporation.

In Japan, the increase of car production led to an increase in revenue to 675.7 billion yen (US$6.0 billion), a 9.6 percent increase from the previous year. As a result of the increase in production volume and cost reduction efforts, the operating profit totaled 37.4 billion yen (US$333.5 million), a 163.8 percent increase from the previous year.

In North America, despite of an unpredictable economy, the increase of car production led to an increase in revenue to 281.0 billion yen (US$2.5 billion), a 5.6 percent increase from the previous year. As a result, the operating profit totaled 17.0 billion yen (US$151.5 million), a 2.3 percent increase from the previous year.

In Europe, the increase of car production by the moderate recovery of the market led to an increase in revenue to 159.6 billion yen (US$1.4 billion), a 3.3 percent increase from the previous year. On the other hand, due to depreciation increase, operating profit decreased to 5.8 billion yen (US$52.1 million), a 14.7 percent decrease from the previous year.

In Asia, increase of car production and sales expansion, a revenue increase to 299.6 billion yen (US$2.7 billion), a 7.7 percent increase from the previous year. As a result of the increase in production volume, an operating profit totaled 28.5 billion yen (US$254.5 million), a 16.5 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 19.1 billion yen (US$170.8 million), a 21.9 percent increase from the previous year. The operating profit totaled 3.3 billion yen (US$29.9 million).

“Considering the latest movement in the foreign exchange markets and increase of car production, we have revised up our financial result forecasts for the first-half and full-year,” said Matsui.

(Foreign exchange rates used for the first-half financial result forecast are US$= 111yen Euro=121 yen, and for the full-year are US$= 110 yen, Euro= 121 yen)

Forecast for Fiscal Year Ending March 31, 2018