KARIYA, Japan — DENSO has announced its third quarter global financial results for the nine months ending Dec. 31, 2010.

Consolidated net sales totaled $29 billion, a 11.3 percent increase from the previous year. Consolidated operating income totaled $2.1 billion, a 121.4 percent increase from the previous year. Consolidated net income totaled $1.6 billion, a 156.8 percent increase from the previous year.

"Considering the steady financial results up to our third quarter, we have made an upward revision to our full-year forecasts for the fiscal year ending March 31, 2011," said Sadahiro Usui, executive director of DENSO Corp. "We will continue to accelerate development of new products that contribute to fuel efficiency and CO2 emissions reduction, as well as low-cost products for emerging markets."

In Japan, DENSO says the government’s vehicle incentive program in the first half and increasing product exports led to an increase in sales totaling $19.9 billion, a 10.8 percent increase from the previous year. The increase in production volumes and cost-reduction efforts led to an operating income of $986.4 million, a 484.9 percent increase from the previous year.

In North America, an increase in sales, mainly due to General Motors, Chrysler, Toyota and Honda, led to an increase in sales to $4.9 billion, an 18.2 percent increase from the previous year. As a result of the increase in production volume, the operating income totaled $231.1 million, according to the company, a 233.5 percent increase from the previous year.

In Europe, despite an increase in sales mainly due to BMW and Land Rover, substantial currency exchange loss led to an decrease in sales to $3.6 billion, a 2.8 percent decrease from the previous year. Operating income totaled $104.2 million, a 49.4 percent increase from the previous year.

In Asia and Oceania, an increase in car production volume of Japanese car manufacturers and Hyundai Kia Automotive Group, led to an increase in sales to $5.9 billion, a 28.8 percent increase from the previous year. DENSO said the increase in production volumes led to an operating income of $774.2 million, a 23.3 percent increase from the previous year.  

In other areas, mainly the South American region, including countries such as Brazil and Argentina, sales totaled $558.2 million, a 4.2 percent increase from the previous year. The operating income totaled $64.4 million, a 1.4 percent decrease from the previous year.

KARIYA, Japan — DENSO Corp. has announced its third quarter global financial results for the nine months ending Dec. 31, 2009, including consolidated net sales of $23 billion, a 19.5 percent decrease from the previous year.

Consolidated operating income totaled $855.4 million, a 7.5 percent decrease from the previous year. Consolidated net income totaled $546.9 million, a 35.8 percent increase from the previous year.

"Despite the positive effects from each country’s incentive programs, our sales and operating income have decreased, mainly due to vehicle inventory adjustments by car manufacturers in the first half of the year and a substantial currency exchange loss," said Sadahiro Usui, managing officer of DENSO Corp. "However, our steady efforts in reducing fixed costs improved our income ratio and the fundamental direction of our financial results is toward a recovery."

In Japan, a decrease in domestic car production and product exports, mainly to North America and Europe, as well as currency exchange losses led to a decrease in sales to $15.9 billion, a 19.4 percent decrease from the previous year. However, efforts such as a reduction in fixed costs led to an operating income of $149.2 million, a 380.2 percent increase from the previous year.

In North, Central and South America, despite an increase in sales to Toyota, a decrease in sales mainly to General Motors and Ford led to a decrease in sales to $4.1 billion, a 20.5 percent decrease from last year. In spite of cost-reduction efforts, a decrease in sales led to an operating income of $119.1 million, a 14.8 percent decrease from the previous year.

In Europe, despite an increase in sales to Fiat and BMW, lower car production from Toyota resulted in a decrease in sales to $3.3 billion, a 21.2 percent decrease from the previous year. As a result of the decrease in sales, the operating income totaled $61.7 million, a 25.8 percent decrease from the previous year, despite cost-reduction efforts.

In Asia and Oceania, a decrease in car production volumes in ASEAN countries resulted in a decrease in sales to $4.1 billion, an 11.6 percent decrease from the previous year, despite continued growth in car production volumes in China. Operating income totaled $555.7 million, a 10.2 percent increase from the previous year.

"Considering recent trends of car production worldwide and steady results from our cost-reduction efforts, we have revised the full-year forecasts for the fiscal year ending March 31, 2010," said Usui. "The future business environment still remains unclear, but we will continue to work to improve earnings."

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.

TOKYO — DENSO Corp. has announced global financial results for the third quarter ending Dec. 31, 2005.

Consolidated net sales totaled $6.9 billion, a 17.1 percent increase from the previous year. Operating income totaled $730.5 million, a 36.3 percent increase from the previous year. Income before income taxes and minority interests for the year totaled $792.4 million, a 42.2 percent increase from the previous year. Consolidated net income $480.5 million, a 42.3 percent increase from the previous year.

“Thanks to the increase in domestic and overseas car production for Japanese auto manufacturers, consolidated net sales increased dramatically,” said Koji Kobayashi, managing officer, DENSO Corp.

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