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DENSO Announces Year-end Financial Results
Date: 04/26/2013

--Consolidated Sales and Income Increases—

Kariya (Japan) - DENSO Corporation today announced global financial results for the fiscal year ending March 31, 2013:

・Consolidated net sales totaled 3,580.9 billion yen (US$38.1 billion), a 13.5 percent increase from the previous year.

・Consolidated operating income totaled 262.4 billion yen (US$2.8 billion), a 63.2 percent  increase from the previous year.

・Consolidated net income totaled 181.7 billion yen (US$1.9billion), a 103.5 percent increase from the previous year.

“The recovery of Japan’s car production and strong car production in both North America and Asia and Oceania resulted in an increase in sales and income,” said Nobuaki Katoh, president and CEO of DENSO Corporation.

In Japan, the recovery from the earthquake and an increase in export sales led to an increase in sales to 2,463.6 billion yen (US$26.2 billion), a 12.1 percent increase from the previous year. Despite an increase in expenses, the increase in production volume led to an operating income of 170.7 billion yen (US$1.8 billion), a 103.5 percent increase from the previous year.

In North America, sales to GM, Ford, Chrysler, and the Japanese automakers increased, which led to an increase in sales to 635.4 billion yen (US$6.8 billion), a 24.1 percent increase from the previous year. As a result of the production volume increase, the operating income totaled 13.4 billion yen (US$142.8 million), 53.1 percent increase from the previous year.

In Europe, a drop in vehicle production due to the economic downturn resulted in a decrease in sales to 372.2 billion yen (US$4.0 billion), a 3.9 percent drop from the previous year, and a decrease in operating income to 3.9 billion yen (US$41.6 million), a 38.7 percent decrease from the previous year.


In Asia and Oceania, the recovery of Japanese auto manufactures’ vehicle production resulted in a sales increase to 794.0 billion yen (US$8.4 billion), a 26.7 percent increase from the previous year. The increase in production volume led to an operating income of 73.7 billion yen (US$783.6 million), a 23.9 percent increase from the previous year.

In other areas, mainly the South American region, sales totaled 63.9 billion yen (US$679.7million), a 10.7 percent increase from the previous year, and the operating income totaled 3.1 billion yen (US$33.3million), a 1.1 percent decrease from the previous year.

“This new fiscal year we expect both sales and income to increase from the previous year considering the increase of global vehicle production, as well as the depreciation of the yen,” said Katoh.

Forecast for the Fiscal Year Ending March 31, 2014

  Half-Year Forecast  FY Forecast Changes from Previous FY
Net Sales 1,883.0 billion yen
[US$20.0 billion]
3,800.0 billion yen
[US$40.4 billion]
+219.1 billion yen
(+ 6.1 percent)
Operating income 128.0 billion yen
[US$1.4 billion]
285.0 billion yen
[US$3.0 billion]
+22.6 billion yen
(+ 8.6 percent)
Income before income taxes and minority interests 137.0 billion yen
[US$1.5 billion]
303.0 billion yen
[US$3.2 billion]
+21.1 billion yen
(+ 7.5 percent)
Net income 87.0 billion yen
[US$925.0 million]
194.0 billion yen
 [US$2.1 billion]
+12.3 billion yen
(+ 6.8 percent)

 DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 36 countries and regions (including Japan) and employs more than 130,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

 (Notes)
U.S. dollar amounts have been translated, for convenience only, at the rate of 94.05 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on March 29, 2013. Billion is used in the American sense of one thousand million.


 



Contact:

Sadayoshi Yokoyama
+81 566-25-5594
sadayoshi_yokoyama@denso.co.jp

Toshiko Watanabe
+81 566-25-7889
toshiko_watanabe@denso.co.jp