Denso’s revenue for the first quarter ended 30 June 2015 was up 7.6% year on year to JPY1.10 trillion (US$9bn). Operating profit was up 5.5% to JPY86.7bn.
“Denso’s revenue and operating profit increased due to an overseas production volume increase and the growth in sales in addition to the impact of the weak yen,” said executive director Kenichiro Ito.
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“Considering the positive financial results in the first-quarter, as well as the market trend and the depreciation of the JPY, we have decided to revise the original forecasts for the first half and full year financial results,” added Ito.
Forecast for fiscal year ending 31 March 2016
|
First-half forecast |
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|
Revenue |
JPY2.24 trillion |
JPY4.47 trillion |
|
Operating income |
JPY170bn |
JPY380bn |
|
Profit before income taxes |
JPY192bn |
JPY410bn |
|
Profit attributable to owners of the parent company |
JPY130bn |
JPY280bn |
