Apr 29, 2022 10:12 JST

Source: Denso

DENSO Announces Financial Results

KARIYA, JAPAN, Apr 29, 2022 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for its fiscal year, ending March 31, 2022:

- Consolidated revenue totaled 5,515.5 billion yen (US$45.1 billion), a 11.7 percent increase from the previous year.
- Consolidated operating profit totaled 341.2 billion yen (US$2.8 billion), a 120.0 percent increase from the previous year.
- Consolidated profit attributable to owners of the parent company totaled 263.9 billion yen (US$2.2 billion), a 111.0 percent increase from the previous year.

"Both revenue and operating profit increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements, though semiconductor shortages and other challenging business conditions occurred," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We forecast for the next fiscal year 6,350.0 billion yen (US$51.9 billion) in revenue and 560.0 billion yen (US$4.6 billion) in operating income. While it is difficult to project how the business environment might change, we will expand ADAS and Electrification product sales, make gains through profit improvements and enhance our management foundation, strengthening our ability to cope with market changes."

In Japan, revenue increased to 3,515.1 billion yen (US$28.7 billion), up 10.6% from the previous year, and operating profit was 188.9 billion yen (US$1.5 billion), up 735.6% from the previous year.

In North America, revenue increased to 1160.2 billion yen (US$9.5 billion), up 13.1% from the previous year, and operating profit was 4.3 billion yen (US$34.8 million), decreased 70.9% from the previous year.

In Europe, revenue increased to 561.4 billion yen (US$4.6 billion), up 8.0% from the previous year, and operating loss was 3.4 billion yen (US$27.4 million).

In Asia, revenue increased to 1,637.9 billion yen (US$13.4 billion), up 25.6% from the previous year, and operating profit increased to 143.8 billion yen (US$1.2 billion), up 29.1% from the previous year.

In other areas, revenue increased to 76.6 billion yen (US$0.6 billion), up 89.6% from the previous year, and operating profit increased to 15.5 billion yen (US$126.4 million), up 121.1% from the previous year.

Source: Denso
Sectors: Automotive

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