Denso‘s consolidated net sales for the fiscal year ending 31 March 2014, totalled JPY4.1trillion (US$39.8bn), a 14.4% increase from the fiscal year ending 31 March 2013. The company’s consolidated operating income totalled was JPY377.7bn, a 44% increase.
Consolidated net income was JPY287.4bn, a 58.2% increase.
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“Sales and operating income increased due to an increase in car production mainly in developed countries, in addition to the impact of the weak yen,” said Nobuaki Katoh, president and CEO.
“For the new fiscal year, we expect sales to increase and income to decrease from the previous year. This is due to the decrease in production volume within Japan, in addition to investment costs for initiating new products and to increase capabilities in overseas plants for future competitiveness,” added Katoh.
Forecast for Fiscal Year Ending 31 March, 2015
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Half-Year Forecast |
FY Forecast |
Changes |
|
Net Sales |
JPY2.02trillion |
JPY4.14trillion |
JPY44.1bn (+1.1%) |
|
Operating income |
JPY164bn |
JPY350bn |
JPY-27.7bn (-7.3%) |
|
Income before income taxes and minority interests |
JPY177bn |
JPY378bn |
JPY-40.6bn (-9.7%) |
|
Net income |
JPY116bn |
JPY248bn |
JPY-39.4bn (-13.7%) |
