DENSO Announces Third Quarter Financial Results - aftermarketNews

DENSO Announces Third Quarter Financial Results

Consolidated net sales totaled $29 billion, a 11.3 percent increase from the previous year.

DENSO Announces Third Quarter Financial Results

Company makes upward revision to the full year forecast.

DENSO Announces Third Quarter Financial Results

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.

DENSO Announces Third-Quarter Financial Results

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.

DENSO Announces Third-Quarter Financial Results

DENSO Corp., parent company of DENSO Sales California, has announced its financial results for the third quarter, which ended on Dec. 31, 2004. The company reported consolidated net sales of $6.7 billion, an 8.1 percent increase from the same time period the previous year.

DENSO Announces Third-quarter Financial Results

DENSO Corp., parent company of Southfield, Mich.-based DENSO International America, announced global financial results for the third quarter, which ended Dec. 31, 2003. The company reported consolidated net sales of $6 billion, which totaled 53 percent of the company's original estimate at the interim period of $11.3 billion, for the latter half year ending March 31, 2004. Operating income totaled $578.5 million, and operating margin was 9.7 percent, 74 percent of the original latter-half year estimate of $779.4 million.

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.

You May Also Like

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."

You May Also Like

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.

You May Also Like

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.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

LONG BEACH, CA — DENSO Corp., parent company of DENSO Sales California, has announced its financial results for the third quarter, which ended on Dec. 31, 2004.

The company reported consolidated net sales of $6.7 billion, an 8.1 percent increase from the same time period the previous year. Operating income totaled $614.6 million, a 2.2 percent increase from the previous year. Income before income taxes and minority interests for the year totaled $638.8 million, a 0.3 percent increase from the previous year. Consolidated net income totaled $386.4 million, a 5 percent increase from the previous year.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

TOKYO — DENSO Corp., parent company of Southfield, Mich.-based DENSO International America, announced global financial results for the third quarter, which ended Dec. 31, 2003.

The company reported consolidated net sales of $6 billion, which totaled 53 percent of the company’s original estimate at the interim period of $11.3 billion, for the latter half year ending March 31, 2004. Operating income totaled $578.5 million, and operating margin was 9.7 percent, 74 percent of the original latter-half year estimate of $779.4 million.

Third-quarter income before income taxes and minority interests totaled $613.1 million, 94 percent of the original latter-half year estimate of $652.3 million. Consolidated net income totaled $354.2 million and net profit margin was 5.9 percent, 108 percent of the original latter-half year estimate of $328 million.

DENSO plans to report the extraordinary loss caused mainly by liquidation of the entrusted welfare pension benefits by the Government of Japan in the fourth quarter of this fiscal year. As a result, this quarter’s income, before income taxes and minority interests and net income, totals significantly more than 50 percent of the original latter-half year estimate.

“We were satisfied with the financial results of the third quarter,” said Nobuaki Katoh, CFO of DENSO Corp. “Higher domestic car production and overseas sales expansion contributed to this favorable result.”

For more on Denso Corp., visit: www.densocorp-na.com.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

BBB Industries Releases 28 Remy New Part Numbers 

The new part numbers cover more than 9.3 million vehicles.

BBB Industries LLC (BBB) has released 28 SKUs to the Remy brand of starters and alternators. 

“This quarter, Remy is adding coverage for more than 9.3 million cars and light trucks that have just come off vehicle manufacturer’s original warranty,” said Matt Heater, director of marketing and product management. “Our ongoing commitment to the needs of the automotive aftermarket is another reason why Remy is considered the trusted brand of automotive professionals.” 

Dayco Launches Electrically Controlled Water Pump Line

The new technology addresses a higher-than-normal failure rate with the OE pumps.

Engine Pro Honors S.A. Gear with Performance Award

S.A. Gear was recognized with a Fulfillment and Accuracy Award during Engine Pro’s annual supplier meeting.

Driven Brands Rings Nasdaq Closing Bell

CEO Jonathan Fitzpatrick rang the Nasdaq closing bell on Jan. 13, in honor of the company’s 2-year listing anniversary.

Nokian Tyres Invests $174M To Double Dayton Factory Production

Nokian’s Dayton factory expansion includes a 600,000-tire warehouse.

Other Posts

AP Emissions Acquired by Berkshire Hathaway’s Marmon Holdings

Founded in 1927, AP is known for high-quality emissions products and is headquartered in Goldsboro, North Carolina.

Skyline Emissions Inc. Joins the JNPSoft/OptiCat Network

Skyline Emissions designs, develops and manufactures aftermarket diesel particulate filters and diesel oxidation catalysts.

Dorman Releases 400 Repair Solutions in January

These new products are on top of the 4,000 new products Dorman released in 2022.

Access Tools Launches Essential Long Reach Kit

It includes all of the required tools for the majority of vehicle openings.