KARIYA, Japan -- DENSO has announced global financial results for the third quarter ended Dec. 31, 2007. The company reported consolidated net sales of $9 billion, a 10.9 percent increase from the previous year. Consolidated operating income totaled $909.6 million, a 16.9 percent increase from the previous year. Consolidated net income totaled $644.3 million, a 19.5 percent increase from the previous year.

“The sales growth was mainly due to the increase in domestic and overseas car p rod uction for Japanese auto manufacturers,” said Koji Kobayashi, senior managing director of DENSO Corp. “In spite of the increases in depreciation and labor costs, increased production volume and cost reduction efforts led to an increase in operating income.”

In Japan, sales totaled $6.2 billion, a 7.1 percent increase from the previous year. Increased export of vehicles contributed to the increase in sales. Despite production volume increases and cost reduction efforts, the increase in depreciation costs associated with a tax law change in Japan led to operating income of $567.1 million, a 7.6 percent decrease from the previous year.

In North, Central and South America , increased production volume for Japanese auto manufacturers and sales expansion to General Motors and Ford led to an increase in sales to $1.7 billion, a 6.8 percent increase from the previous year. Operating income increased to $80.2 million, an increase of 64.4 percent from the previous year. Increased production volume of navigation systems and air conditioners and cost reduction efforts resulted in an increase in operating income.

In Europe, sales expansion to Ford, Fiat and PSA raised sales to $1.4 billion, an 18.2 percent increase from the previous year. Operating income increased to $50.5 million, an increase of 76.2 percent from the previous year, as a result of increased production volume of air conditioners and diesel common rail systems.

In Asia and Oceania, sales totaled $1.4 billion, a 27.6 percent increase from the previous year, thanks to the increased car production for Japanese auto manufacturers in ASEAN and China. Operating income more than doubled from $102.9 million the previous year to $213.9 million, due to the sales expansion of air conditioners and diesel common rail systems and the stable expansion of operations in China.

“Considering the recent rapid appreciation of the yen and the possibility of an economic slowdown, we have kept our fiscal year 2007 estimate announced on Oct. 31, 2007,” said Kobayashi.

For more information about DENSO, go to: www.globaldenso.com.