Denso has reported first-quarter consolidated revenue down 42% to US$7.1bn.
Consolidated operating profit totalled (US$-989.6m), while consolidated profit attributable to owners of the parent company was US$-836m.
“Revenue decreased as vehicle sales declined due to the epidemic of COVID-19 and operating loss is caused by production volume decrease,” said Denso senior executive officer, Yasushi Matsui.
“For our 2021 fiscal year, ending 31 March, 2021, we forecast sales of JPY4.54tn and operating income of JPY100bn.”
Revenue declined significantly in all areas due to the impact of COVID-19.
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.
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