DENSO Announces Year-end Financial Results
- Consolidated net sales totaled
3,142.7 billion yen( US$32.0 billion), a 21.9 percent decrease from the previous year.
- Consolidated operating loss totaled
37.3 billion yen( US$379.8 million), a decrease of 386.0 billion yen( US$3.9 billion) from the previous year's operating income of 348.7 billion yen( US$3.5 billion).
- Consolidated net loss totaled
84.1 billion yen( US$856.0 million), a decrease of 328.5 billion yen( US$3.3 billion) from the previous year's consolidated net income of 244.4 billion yen( US$2.5 billion).
"The sales decrease and operating loss were due to the sharp decline in worldwide car production in the second half of the fiscal year and substantial currency exchange loss," said
In North, Central and
"We are working to create a slim and lean business structure to improve earnings," said Katoh. "We are also looking to the future, focusing on technological innovations and low-cost technologies."
Forecast for Fiscal Year Ending March 31, 2010 Half-Year Current FY Changes Forecast Forecast from Previous FY Net Sales 1,225.0 billion 2,720.0 billion -422.7 billion yen yen [US$12.5 billion] yen [US$27.7 billion] (- 13.4 percent) Operating Income (loss) (75.0) billion yen (40.0) billion yen -2.7 billion yen [US($763.5) million] [US($407.2) million] ( - ) Income (loss) before income taxes and minority interests (74.0) billion yen (38.0) billion yen +61.3 billion yen [US($753.3) million] [US($386.8) million] ( - ) Net income (loss) (38.0) billion yen (19.0) billion yen +65.1 billion yen [US($386.8) million] [US($193.4) million] ( - )
DENSO Corporation, headquartered in Kariya, Aichi prefecture,
In the Americas, DENSO employs more than 17,000 people with consolidated sales totaling
U.S. dollar amounts have been translated, for convenience only, at the rate of
SOURCE DENSO Corporation
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