KARIYA, Japan -- DENSO has announced global financial results for the fiscal year ended March 31.

Consolidated net sales totaled $30.6 billion, a 13.2 percent increase from the previous year. Consolidated operating income totaled $2.6 billion, a 13.7 percent increase from the previous year. Consolidated net income totaled $1.7 billion, a 20.9 percent increase from the previous year.

"This year we have hit record highs for consolidated net sales, consolidated operating income and consolidated net income," said Koji Kobayashi, managing officer of DENSO Corp. "These favorable results are due to continued growth in domestic and overseas car production for Japanese auto manufacturers and sales expansion to non-Japanese auto manufacturers."

In Japan, sales totaled $21.5 billion, an 11 percent increase from the previous year. In spite of the sales increase led by robust domestic car production supported by growing export, rising material costs led to operating income of $1.8 billion, a 3.7 percent increase from the previous year.

In North, Central and South America, sales expansion to Toyota, Honda and General Motors led to an increase in sales to $6.5billion, an 11.4 percent increase from the previous year. Operating income increased to $247.3 million, an increase of 33.4 percent from the previous year. Increased production volume and cost reduction efforts lessened the impact of an increase in raw material costs.

In Europe, sales expansion to Toyota, Ford, Fiat and OPEL for cooling modules, diesel common rail injection systems and air conditioning systems raised sales to $4.4 billion, a 22.8 percent increase from the previous year. Operating income improved drastically from $13.6 million the previous year to $103.3 million, due to increased production volume and cost reduction efforts in Hungary and the Czech Republic.

In Asia and Oceania, sales totaled $4.1 billion, a 21.5 percent increase from the previous year, and operating income totaled $388.8 million, a 25.1 percent increase from the previous year. In spite of a decrease in car production in ASEAN countries, strong car production in China and sales expansion in Thailand resulted in an increase in both sales and operating income.

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