KARIYA, Japan - Denso Corp., parent company of Long Beach–based DENSO Sales California, has announced global financial results for the first quarter ended June 30.

Consolidated net sales totaled $8 billion, a 15 percent increase from the first quarter of last term. Consolidated operating income totaled $757.2 million, a 13.1 percent increase from the first quarter of last term. Consolidated net income totaled $546.3 million, a 15 percent increase from the first quarter of last term.

“Sales growth was mainly due to the increase in overseas car production for Japanese auto manufacturers,” said Koji Kobayashi, senior managing director of DENSO Corporation. “In spite of high raw material costs and an increase in depreciation costs, increased production volume and foreign exchange gain led to an increase in operating income.”

In Japan, sales totaled $5.3 billion, an 8.4 percent increase from the first quarter of last term. Despite a sales increase led by growing export of vehicles, rising material costs and the increase in depreciation costs associated with the tax law change in Japan, led to operating income of $428.5 million, a 9.9 percent decrease from the previous year.

In North, Central and South America, sales expansion to Toyota, Honda, General Motors and Ford led to an increase in sales to $1.8 billion, a 17.1 percent increase from the first quarter of last term. Operating income increased to $114.9 million, an increase of 64.9 percent from the previous year. Increased production volume and cost-reduction efforts resulted in an increase in operating income.