Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 31 October 2019, 10:21 HKT/SGT

Source: Denso
DENSO Announces First-half Financial Results

TOKYO, Oct 31, 2019 - (JCN Newswire) - DENSO, the world's second-largest mobility supplier, today announced its global financial results for the first half ending September 30, 2019 for fiscal year ending March 31, 2020:

- Consolidated revenue totaled 2,618.4 billion yen (US$24.3 billion), a 0.2 percent decrease from the previous year.
- Consolidated operating profit totaled 134.0 billion yen (US$1.2 billion), a 12.0 percent decrease from the previous year.
- Consolidated profit attributable to owners of the parent company totaled 104.2 billion yen (US$965.7 million), an 8.6 percent decrease from the previous year.

"DENSO revenue, not including foreign exchange fluctuations, increased due to car production growth in Japan and North America despite the market slowdown in Asia, mainly in China and India. However, with foreign exchange fluctuations included, it led to a drop in overall revenue. In spite of production volume increase and variable cost reduction, operating profit decreased due to DENSO's increased investment for future growth, as well as currency exchange loss," said Yasushi Yamanaka, executive vice president of DENSO Corporation.

In Japan, an increase in vehicle production by Toyota led to an increase in revenue to 1,626.0 billion yen (US$15.1 billion), a 3.4 percent growth from the previous year. Operating profit increased to 56.4 billion yen (US$522.6 million), a 5.9 percent up from the previous year due to a rise in production volume and cost-reduction efforts.

In North America, despite a production volume increase and sales expansion, currency exchange loss led to a decrease in revenue to 603.5 billion yen (US$5.6 billion), a 0.1 percent decrease from the previous year. Operating profit totaled 11.2 billion yen (US$103.9 million), a 27.6 percent decrease from the previous year due to the increase in expenses for R&D and investments to expand electrification production capabilities.

In Europe, revenue totaled 295.0 billion yen (US$2.7 billion), an 11.3 percent decrease from the previous year due to market slowdown. Production volume decrease and currency exchange loss led a drop in operating profit to 6.3 billion yen (US$58.7 million), a 33.9 percent decrease from the previous year.

In Asia, market slowdown led to a drop in revenue to 660.0 billion yen (US$6.1 billion), an 8.1 percent down from the previous year. Operating profit totaled 50.4 billion yen (US$467.3 million), a 25.7 percent decrease from the previous year. This is attributed to production volume decrease and currency exchange loss.

In other areas, mainly the South American region, specifically Brazil and Argentina, revenue totaled 34.5 billion yen (US$319.9 million), a 0.1 percent decrease from the previous year. Operating profit totaled 6.3 billion yen (US$58.1 million), a 13.4 percent increase from the previous year.

"Considering the market slowdown and impact of currency exchange fluctuations, we have revised our financial result forecast in anticipation of these effects," said Yamanaka.

(Foreign exchange rates used for the full-year are US$=107 yen, Euro=118 yen)

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

Phone: 81-566-25-5594 
Fax: 81-566-25-4509 

Oct 31, 2019 10:21 HKT/SGT
Source: Denso

Topic: Press release summary
Sectors: Automotive
From the Asia Corporate News Network

Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Denso Links

Aug 5, 2020 15:09 HKT/SGT
DENSO Establishes Pittsburgh Innovation Lab to Accelerate Automated Driving R&D
July 31, 2020 13:11 HKT/SGT
DENSO Announces First Quarter Financial Results
July 21, 2020 21:35 HKT/SGT
Reproducing the Driver's Senses by Engineering: DENSO's Challenge to Develop Automated Driving Systems
July 21, 2020 17:40 HKT/SGT
To Achieve AI-based Fully Automated Driving: R&D Project on Elemental Technologies at DENSO
July 6, 2020 15:34 HKT/SGT
Announcement of Absorption-type Merger (Simplified Merger and Short-form Merger) of DENSO IT Solutions Inc.
June 1, 2020 11:48 HKT/SGT
DENSO and Certhon Establish DENSO AgriTech Solutions
May 29, 2020 11:05 HKT/SGT
DENSO Announces Changes in the Areas of Responsibility of Senior Executive Officers and Executive Officers
May 18, 2020 16:36 HKT/SGT
DENSO, Global Mobility Service to Support Delivery of COVID-19 Test Kits in Indonesia
Apr 30, 2020 16:43 HKT/SGT
DENSO Announces Changes to Its Board of Directors
Apr 30, 2020 12:15 HKT/SGT
DENSO Announces Year-end Financial Results
More news >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: