Denso’s consolidated net sales for the fiscal first quarter ended 30 June 2014 rose 3.2% year on year to JPY1.03 trillion (US$10.2bn). Operating income was down 16.7% to JPY85.05bn.
Net income 20.1% to JPY68.79bn.
“The sales increased due to a production volume increase. Despite the variable cost reduction and the increase in production volume, the operating income decreased due to research and development expenditures and investment costs that will strength future growth,” said Kenichiro Ito, executive director of Denso.
H1 forecast
Net sales: JPY2.02 trillion
Operating income: JPY164bn
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 GlobalDataIncome before income taxes and minority interests: JPY177bn
Net income: JPY116bn
Fiscal year forecast
Net sales: JPY4.14 trillion
Operating income: JPY350bn
Income before income taxes and minority interests: JPY378bn
Net income: JPY248bn