Supplier Denso said consolidated revenue for the fiscal year to 31 March 2023 rose 16.1% year on year to JPY6,401.3bn (US$47.9bn) while consolidated operating profit was up 24.9% to JPY426.1bn ($3.2bn).

Net profit rose 19.2% to JPY314.6bn ($2.4bn).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

“Revenue and operating profit increased compared to the previous year, reaching their highest ever levels, due to sales recovery and expansion, foreign exchange gains and profit improvements,” said CEO and CFO Yasushi Matsui in a statement.

“In the next fiscal year, we forecast JPY6,300bn ($47.2bn) in revenue and JPY510bn ($3.8bn) in operating income.

“Revenue will be based on strong sales expansions in focus areas. On the other hand, we also forecast the potential risk of a vehicle production cut of around 10%, given uncertainties in the external environment. Operating income will be based on the extent of growth, as well as disciplined control of fixed costs and further strengthening of our ability to respond to fluctuations.”

See Also:

The annual dividend is up JPY5 to JPY185 and the forecast for fiscal 2023/4 is JPY190, up another JPY5.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Forecast for Fiscal Year Ending 31 March, 2024

 Full-Year Forecast Changes from

Previous FY


 Revenue


 6,300.0 billion yen

[US$47.2 billion]		 -101.3 billion yen

(-1.6 percent)


 Operating profit

                                                          		 510.0 billion yen

[US$3.8 billion]		 +83.9 billion yen

(+19.7 percent)


Profit before

profit taxes


 555.0 billion yen

[US$4.2 billion]		 +98.1 billion yen

(+21.5 percent)


Profit attributable

to owners of the

parent company


 383.0 billion yen

[US$2.9 billion]		 +68.4 billion yen

(+21.7 percent)