Oct 29, 2021 16:39 JST
Source: Denso
|
|
DENSO Announces Second Quarter Financial Results
KARIYA, JAPAN, Oct 29, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for its second quarter, ending September 30, 2021, for its 2022 fiscal year, ending March 31, 2022:
- Consolidated revenue totaled 2,582.9 billion yen (US$23.1 billion), a 24.5 percent increase from the previous year. - Consolidated operating profit totaled159.3 billion yen (US$1,423.5 million). - Consolidated profit attributable to owners of the parent company totaled 112.7 billion yen (US$1,007.2 million).
"Both revenue and operating profit increased due to recovery of vehicle sales from COVID-19 and because of profit improvements from the previous year, although the semiconductor shortage has occurred recently," said Yukihiro Shinohara, senior executive officer and representative member of the Board of Directors of DENSO Corporation.
"While it is difficult to project how the business environment might change due to factors like the lengthening of the semiconductor shortage, DENSO secured our full-year forecast from the previous announcement. Revenue is 5,540.0 billion yen (US$49.5 million) and Operating profit is 440.0 billion yen (US$3,931.4 billion). We have achieved these results by strengthening our ability to cope with environmental changes and increasing profit," said Yukihiro Shinohara, senior executive officer and representative member of the Board of Directors of DENSO Corporation.
Revenue and operating income increased in all areas due to recovery in vehicle sales and production, and profit improved despite semiconductor shortages.
In Japan, revenue increased to 1690.0 billion yen (US$15.1 billion) (Up 27.6% from the same quarter in the previous year) and operating income was 88.9 billion yen (US$794.5 million) (Operating loss of 93.1 billion yen in the same quarter of the previous year).
In North America, revenue increased to 564.7 billion yen (US$5.0 billion) (Up 29.4% from the same quarter in the previous year) and operating income was 2.9 billion yen (US$25.8 million) (Operating loss of 8.5 billion yen in the same quarter of the previous year).
In Europe, revenue increased to 269.5 billion yen (US$2.4 billion) (Up 34.6% from the same quarter in the previous year) and operating income was 3.9 billion yen (US$34.6 million) (Operating loss of 4.0 billion yen in the same quarter of the previous year).
In Asia, revenue increased to 715.5 billion yen (US$6.4 billion) (Up 30.1% from the same quarter in the previous year) and operating income increased to 57.4 billion yen (US$512.7 million) (Up92.5% from the same quarter in the previous year).
In other areas, revenue increased to 36.1 billion yen (US$322.5 million) (Up 151.1% from the same quarter in the previous year) and operating income increased to 8.0 billion yen (US$71.3 million) (Up 194.7% from the same quarter in the previous year).
(Notes) The above forecasts are created based on 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 111.92 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on September. 30, 2021. Billion is used in the American sense of one thousand million.
Foreign exchange rates of the Forecast for Fiscal Year Ending March 31, 2022, as a precondition are US$=107.4 yen, Euro=127.9yen.
About DENSO
DENSO is a $44.6 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 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ 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 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global
Source: Denso Sectors: Automotive
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
|
Latest Release
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024 Apr 25, 2024 18:21 JST
| MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park Apr 25, 2024 17:45 JST
| GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series Apr 25, 2024 16:50 JST
| Toyota Exhibiting at Beijing Motor Show 2024 Apr 25, 2024 16:25 JST
| Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada Apr 25, 2024 11:10 JST
| UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh Apr 25, 2024 09:00 JST
| Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date Apr 24, 2024 17:19 JST
| MC and Denka Sign J/V Agreement in Fullerene Business Apr 24, 2024 17:02 JST
| Mitsubishi Motors Posts Record Sales in the Philippines in FY2023 Apr 24, 2024 13:56 JST
| NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance Apr 24, 2024 13:25 JST
| Fujitsu SX Survey reveals key success factors for sustainability Apr 23, 2024 10:25 JST
| Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions Apr 22, 2024 16:09 JST
| NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II Apr 22, 2024 15:09 JST
| Soft Space Launches the First and Only JCB Payment Gateway in Malaysia Apr 22, 2024 15:00 JST
| TOYOTA GAZOO Racing takes a one-two in Croatian thriller Apr 22, 2024 10:47 JST
| First-ever Mazda CX-80 Crossover SUV Unveiled in Europe Apr 19, 2024 13:50 JST
| Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces Apr 19, 2024 10:17 JST
| Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas Apr 18, 2024 17:01 JST
| Toyota Launches All-New Land Cruiser "250" Series in Japan Apr 18, 2024 13:39 JST
| Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan Apr 18, 2024 11:14 JST
|
More Latest Release >>
|