Denso’s consolidated net sales for the fiscal year ending 31 March 2014, totalled JPY4.1trillion (US$39.8bn), a 14.4% increase from the fiscal year ending 31 March 2013. The company’s consolidated operating income totalled was JPY377.7bn, a 44% increase.

Consolidated net income was JPY287.4bn, a 58.2% increase.

“Sales and operating income increased due to an increase in car production mainly in developed countries, in addition to the impact of the weak yen,” said Nobuaki Katoh, president and CEO.

“For the new fiscal year, we expect sales to increase and income to decrease from the previous year. This is due to the decrease in production volume within Japan, in addition to investment costs for initiating new products and to increase capabilities in overseas plants for future competitiveness,” added Katoh.

Forecast for Fiscal Year Ending 31 March, 2015

GlobalData Strategic Intelligence US Tariffs are shifting - will you react or anticipate? Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. By GlobalData Learn more about Strategic Intelligence	Half-Year Forecast	FY Forecast	Changes from Previous FY
Net Sales	JPY2.02trillion	JPY4.14trillion	JPY44.1bn (+1.1%)
Operating income	JPY164bn	JPY350bn	JPY-27.7bn (-7.3%)
Income before income taxes and minority interests	JPY177bn	JPY378bn	JPY-40.6bn (-9.7%)
Net income	JPY116bn	JPY248bn	JPY-39.4bn (-13.7%)

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