Denso has revealed consolidated first quarter net sales totalling Y802.8bn (US$9.1bn), a 37.3% increase from the previous year.

Consolidated operating income was Y70.7bn yen, an increase of Y85.9bn from the previous year’s operating loss of 15.2 billion yen.

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Consolidated net income reached Y46bn, a rise of Y48.7bn from the previous year’s consolidated net loss of Y2.7bn.

In Japan, the recovery of domestic car production, supported by the government’s vehicle incentive programme and an increase of vehicle exports, led to an increase in sales to Y529.8bn, a 33.8% increase compared to the previous year.

Despite currency exchange losses, an increase in production volume and cost reduction efforts led to an operating income of Y33.3bn, an increase of Y58bn from the previous year’s operating loss.

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Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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