Denso has unveiled its global financial results for its third quarter, ending 31 December, 2021, for its 2022 fiscal year, ending 31 March, 2022.

  • Consolidated revenue totalled US$34.9bn, a 14.3% increase from the previous year
  • Consolidated operating profit was US$2,229.4m, a 284.6% increase from the previous year
  • Consolidated profit attributable to owners of the parent company totalled US$1,682.2m, a 348.9% increase from the previous year.

“Both revenue and operating profit in the third quarter decreased from the same period last year due to semiconductor shortages and other business conditions, although Denso made profit improvements,” said Denso senior executive officer and member of the board of directors, Yasushi Matsui.

“However, revenue and operating profit through three quarters of this fiscal year increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements.

“We have revised our full-year forecast based on third quarter results, adjusting our revenue projection to US$47.7bn and operating profit projection to US$3,479.8m.

“While it is difficult to project how the business environment might change due to factors like semiconductor shortages, we keep our fourth quarter forecast unchanged and aim to achieve these projections with strong fourth quarter performance.”