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

 

Half-Year Forecast

FY Forecast

Changes
from Previous FY

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%)

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