1. Home
  2. Press release
Apr 24, 2020 16:10 JST

Source: Denso

DENSO Announces Revision of its Financial Result Forecast


KARIYA, JAPAN, Apr 24, 2020 - (JCN Newswire) - DENSO, the world's second largest mobility supplier, today announced revised down of its financial result forecast for fiscal year 2019, ending March 31, 2020.

 


Due to factors such as the Reserve for warranty and the impact of the COVID-19 outbreak, Revenue, Operating profit, Profit before income taxes, net income, and Profit attributable to owners of the parent company will be revised down as described above.

The impact of the COVID-19 outbreak is the deterioration of operating efficiency due to plant shutdowns and production adjustments.

(Foreign exchange rates used for the full-year are US$=109 yen, Euro=121 yen)

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 108.83 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market March 31, 2020. Billion is used in the American sense of one thousand million.


About Denso
DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.


Source: Denso
Sectors: Automotive

Copyright ©2020 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

Announcement of Absorption-type Merger (Simplified Merger and Short-form Merger) of DENSO IT Solutions Inc.
July 06 2020 15:34 JST
 
DENSO and Certhon Establish DENSO AgriTech Solutions
June 01 2020 11:48 JST
 
DENSO Announces Changes in the Areas of Responsibility of Senior Executive Officers and Executive Officers
May 29 2020 11:05 JST
 
DENSO, Global Mobility Service to Support Delivery of COVID-19 Test Kits in Indonesia
May 18 2020 16:36 JST
 
DENSO Announces Changes to Its Board of Directors
April 30 2020 16:43 JST
 
DENSO Announces Year-end Financial Results
April 30 2020 12:15 JST
 
DENSO Invests in Certhon Group, a greenhouse provider based in the Netherlands
April 01 2020 15:52 JST
 
DENSO and Tokyo Tech Establish DENSO Mobility Collaborative Research Cluster
April 01 2020 13:47 JST
 
DENSO Delivers Technical Support in D-WAVE Project using Quantum Systems to Combat COVID-19
March 31 2020 18:03 JST
 
DENSO Announces Changes in the Areas of Responsibility of Executive Officers
March 31 2020 15:08 JST
 
More Press release >>

Latest Press Release


Eisai: New Drug Application for In-House Developed New Anti-insomnia Drug Dayvigo Accepted in Hong Kong
Jul 08, 2020 14:33 JST

Eisai Submits Marketing Authorization Application in Japan for Anticancer Agent Tazemetostat for EZH2 Gene Mutation-Positive Follicular Lymphoma
Jul 08, 2020 14:16 JST

HSPP Announces Corporate Name Change to Honda India Power Products Limited
Jul 07, 2020 14:37 JST

Lexus Premieres New LS
Jul 07, 2020 13:31 JST

HOYA and Hitachi Announce Long Term Technical Collaboration and Supply Agreement Related to Endoscopic Ultrasound Systems
Jul 06, 2020 17:39 JST

Announcement of Absorption-type Merger (Simplified Merger and Short-form Merger) of DENSO IT Solutions Inc.
Jul 06, 2020 16:34 JST

JGA North is Ready for Service
Jul 06, 2020 15:30 JST

Aichi Cancer Center and NEC Launch Joint Research on Fundamental Study Aimed at Advanced Cancer Immunotherapy
Jul 06, 2020 15:11 JST

Toyota Reproduces and Sells Spare Parts for 2000GT
Jul 06, 2020 13:37 JST

Fujitsu Embarks Towards 'New Normal', Redefining Working Styles for its Japan Offices
Jul 06, 2020 11:47 JST

Eisai to Launch In-House Developed New Anti-insomnia Drug Dayvigo (Lemborexant) with Indication for Insomnia in Japan
Jul 06, 2020 09:33 JST

Eisai: New Fine Granule Formulation of Anti-epileptic Drug Fycompa Launched in Japan
Jul 06, 2020 09:05 JST

NEC and JAMSTEC Develop AI-based System for Measuring Microplastics in the Ocean
Jul 03, 2020 11:30 JST

Fujitsu Revamps Corporate Philosophy 'FUJITSU Way' to Achieve Our Purpose
Jul 01, 2020 14:22 JST

Remap-Cap to Partner With Eisai on Innovative Trial to Combat COVID
Jul 01, 2020 14:02 JST

Toyota Launches New Acceleration Suppression System
Jul 01, 2020 13:48 JST

Tohoku University and NEC Collaborate to Accelerate the Development of Composite Materials for Aircraft
Jul 01, 2020 13:41 JST

MHIEC Receives Order to Refurbish Core Equipment of the Kushiro Wide-Area Federation WtE Plant in Kushiro, Hokkaido
Jun 30, 2020 16:58 JST

Toyota Launches Stamping-Type Plating Machine that Significantly Reduces Environmental Impact and Transforms Plating Process
Jun 30, 2020 13:51 JST

NTT Anode Energy and Mitsubishi Corporation Agree to Study Cooperation in the Energy Sector Business
Jun 30, 2020 12:40 JST
 More Latest Release >>