Denso has posted second-quarter consolidated revenue up 24.5% to US$23.1bn.
- Consolidated revenue totalled US$23.1bn, a 24.5% percent increase from the previous year
- Consolidated operating profit totalled US$1.4bn
- Consolidated profit attributable to owners of the parent company was US$1.007bn.
“Both revenue and operating profit increased due to recovery of vehicle sales from COVID-19 and because of profit improvements from the previous year, although the semiconductor shortage has occurred recently,” said Denso senior executive officer and representative member of the board, Yukihiro Shinohara.
“While it is difficult to project how the business environment might change due to factors like the lengthening of the semiconductor shortage, Denso secured our full-year forecast from the previous announcement.
“We have achieved these results by strengthening our ability to cope with environmental changes and increasing profit.”
Revenue and operating income increased in all areas due to recovery in vehicle sales and production and profit improved despite semiconductor shortages.