Denso’s consolidated net sales for nine months that ended on 31 December 2013 were up 17.4% to JPY3.01tn (US$28.8bn). Its operating income totalled to JPY289.9bn, recording an increase of 54.2% from 2012. Net income was also up 72.5% to JPY225.6bn from that of the same period in 2012.
“The sales and operating income increased due to an increase in car production mainly in North America, in addition to the impact of the weak yen,” said Kenichiro Ito, executive director of Denso.
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“Considering business conditions, such as an increase in car production mainly in Japan and the depreciation of the yen, we have decided to upwardly revise the original forecasts for the full-year financial results,” said Ito.
Forecast for fiscal year ending 31 March 2014
|
FY Forecast |
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Changes from Previous FY |
|
|
Net sales |
JPY4.01tn |
JPY4,08tn |
JPY499.1bn 13.9% increase |
|
Operating income |
JPY360bn |
JPY380bn |
JPY117.6bn |
|
Income before income taxes and minority interests |
JPY391bn |
JPY420bn billion] |
JPY138.1bn |
|
Net income |
JPY264bn |
JPY283bn |
JPY101.3bn 55.8% increase |
