DENSO Announces First-Quarter Financial Results
2017年7月28日 - 05:32PM
JCN Newswire (英)
DENSO Corporation today announced its global financial results
for the first quarter ending June 30, 2017 for fiscal year ending
March 31, 2018:
- Consolidated revenue totaled 1,164.9 billion yen (US$10.4
billion), a 6.6 percent increase from the previous year.
- Consolidated operating profit totaled 93.2 billion yen (US$831.8
million), a 38.6 percent increase from the previous year.
- Consolidated profit attributable to owners of the parent company
totaled 76.7 billion yen (US$684.8 million), a 66.3 percent
increase from the previous year.
"DENSO's revenue increased by the increase of car production and
sales expansion as well as operating profit due to the production
volume increase and cost reduction efforts." said Yasushi Matsui,
executive director of DENSO Corporation.
In Japan, the increase of car production led to an increase in
revenue to 675.7 billion yen (US$6.0 billion), a 9.6 percent
increase from the previous year. As a result of the increase in
production volume and cost reduction efforts, the operating profit
totaled 37.4 billion yen (US$333.5 million), a 163.8 percent
increase from the previous year.
In North America, despite of an unpredictable economy, the increase
of car production led to an increase in revenue to 281.0 billion
yen (US$2.5 billion), a 5.6 percent increase from the previous
year. As a result, the operating profit totaled 17.0 billion yen
(US$151.5 million), a 2.3 percent increase from the previous
year.
In Europe, the increase of car production by the moderate recovery
of the market led to an increase in revenue to 159.6 billion yen
(US$1.4 billion), a 3.3 percent increase from the previous year. On
the other hand, due to depreciation increase, operating profit
decreased to 5.8 billion yen (US$52.1 million), a 14.7 percent
decrease from the previous year.
In Asia, increase of car production and sales expansion, a revenue
increase to 299.6 billion yen (US$2.7 billion), a 7.7 percent
increase from the previous year. As a result of the increase in
production volume, an operating profit totaled 28.5 billion yen
(US$254.5 million), a 16.5 percent increase from the previous
year.
In other areas, mainly the South American region, including Brazil
and Argentina, revenue totaled 19.1 billion yen (US$170.8 million),
a 21.9 percent increase from the previous year. The operating
profit totaled 3.3 billion yen (US$29.9 million).
"Considering the latest movement in the foreign exchange markets
and increase of car production, we have revised up our financial
result forecasts for the first-half and full-year," said
Matsui.
(Foreign exchange rates used for the first-half financial result
forecast are US$=111yen Euro=121 yen, and for the full-year are
US$=110 yen, Euro=121 yen)
Forecast for Fiscal Year Ending March 31, 2018
http://www.acnnewswire.com/topimg/Low_Denso72817Forecast.jpg
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 112.19 yen = US$1, the approximate exchange rate
prevailing in the Tokyo Foreign Exchange Market March 31, 2017.
Billion is used in the American sense of one thousand million.
About Denso
DENSO Corporation, headquartered in Kariya, Aichi prefecture,
Japan, is a leading global automotive supplier of advanced
technology, systems and components in the areas of thermal,
powertrain control, electronics and information and safety. Its
customers include all the world's major carmakers. Worldwide, the
company has more than 200 subsidiaries and affiliates in 38
countries and regions and employs nearly 140,000 people.
Consolidated global sales for the fiscal year ending March 31,
2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9
percent of its global consolidated sales on research and
development. DENSO common stock is traded on the Tokyo and Nagoya
stock exchanges. For more information, go to www.globaldenso.com,
or visit our media website at www.densomediacenter.com.
Source: Denso
Contact:
Sadayoshi Yokoyama, Toshiko Watanabe
DENSO CORPORATION
Phone: 81-566-25-5594
Fax: 81-566-25-4509
sadayoshi_yokoyama@denso.co.jp
toshiko_watanabe@denso.co.jp
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