Denso's consolidated net sales for nine months that ended on 31 December 2013 were up 17.4% to JPY3.01tn (US$28.8bn). Its operating income totalled to JPY289.9bn, recording an increase of 54.2% from 2012. Net income was also up 72.5% to JPY225.6bn from that of the same period in 2012.

"The sales and operating income increased due to an increase in car production mainly in North America, in addition to the impact of the weak yen," said Kenichiro Ito, executive director of Denso.

"Considering business conditions, such as an increase in car production mainly in Japan and the depreciation of the yen, we have decided to upwardly revise the original forecasts for the full-year financial results," said Ito.

Forecast for fiscal year ending 31 March 2014

 

FY Forecast
(Original)

FY Forecast
(Revised)

Changes from Previous FY

Net sales

JPY4.01tn

JPY4,08tn

JPY499.1bn 13.9% increase

Operating income

JPY360bn

JPY380bn

JPY117.6bn
44.8% increase

Income before income taxes and minority interests

JPY391bn

JPY420bn billion]

JPY138.1bn
49% increase

Net income

JPY264bn

JPY283bn

JPY101.3bn 55.8% increase