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DENSO Announces First-Quarter Financial Results

The company reported a consolidated revenue totaling at approximately $12 billion USD, a 14.3 percent increase from the previous year.

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DENSO Corp. has announced its global financial results for the first quarter ending June 30, 2018, for fiscal year ending March 31, 2019:

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  • Consolidated revenue totaled 1,331.2 billion yen (approximately $12 billion USD), a 14.3 percent increase from the previous year.
  • Consolidated operating profit totaled 90.9 billion yen (approximately $822.1 million USD), a 2.4 percent decrease from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 77.3 billion yen (approximately $699.2 million USD), a 0.8 percent increase from the previous year.

“DENSO’s revenue rose due to an increase in global vehicle production, as well as sales expansion. In addition, newly consolidated subsidiaries, DENSO TEN and TD mobile, contributed to growth in revenue. Despite a rise in production volume and cost-reduction efforts, DENSO’s operating profit decreased due to an increase in investment for future growth toward becoming a leading mobility supplier,” said Yasushi Matsui, executive director of DENSO Corporation.

In Japan, a rise in vehicle production and an increase in vehicles equipped with safety-related products, as well as the impact from the newly consolidated subsidiaries, resulted in an increase in revenue to 778.8 billion yen (approximately $7 billion USD), a 15.3 percent increase from the previous year. Despite a rise in production volume and cost-reduction efforts, an increase in investment for future growth led to a drop in operating profit to 34.1 billion yen (approximately $308.4 million USD), an 8.7 percent down from the previous year.

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In North America, a rise in both vehicle production and sales expansion led to an increase in revenue to 310.9 billion yen (approximately $2.8 billion USD), a 10.6 percent increase from the previous year. Operating profit totaled 11.6 billion yen (approximately $105.3 million USD), a 31.4 percent decrease from the previous year due to the increase in expenses for R&D, variance of periods in collecting application fees and the investments for expanding production capabilities.

In Europe, a rise in vehicle production led to an increase in revenue to 182.0 billion yen (approximately $1.6 billion USD), a 14.0 percent increase from the previous year. As a result of the increase in production volume and cost-reduction efforts, operating profit totaled 7 billion yen (approximately $63.6 million USD), a 20.5 percent increase from the previous year.

In Asia, a rise in vehicle production led to an increase in revenue to 358.1 billion yen (approximately $3.2 billion USD), a 19.5 percent rise from the previous year. As a result of the increase in production volume and cost-reduction efforts, operating profit totaled 33.7 billion yen (approximately $304.9 million USD), an 18.2 percent increase from the previous year.

In other areas, mainly the South American region, specifically Brazil and Argentina, revenue totaled 17.1 billion yen (approximately $155.1 million USD), a 10.4 percent decrease from the previous year. Operating profit totaled 2.6 billion yen (approximately $23.5 million USD).

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