DENSO Announces Third-quarter Financial Results; Global Consolidated Net Sales Rise 14.7 Percent.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Feb 1, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - DENSO DENSO Corporation (株式会社デンソー Corporation today announced global financial results for the third quarter ended Dec. 31, 2006: - Consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight totaled 927.9 billion yen (US$7.8 billion), a 14.7 percent increase from the previous year. - Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. totaled 89.1 billion yen (US$748.0 million), a 3.3 percent increase from the previous year. - Income before income taxes and minority interests for the period totaled 97.6 billion yen (US$819.4 million), a 4.4 percent increase from the previous year. - Consolidated net income totaled 61.7 billion yen (US$518.0 million), a 9.0 percent increase from the previous year. "The sales growth was due to the increase in domestic and overseas car production for Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and auto manufacturers," said Koji Kobayashi, managing officer of DENSO Corporation. "In spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite rising raw material costs, increased production volume and cost reduction efforts led to an increase in operating income." In Japan, sales totaled 665.5 billion yen (US$5.6 billion), a 13.0 percent increase from the previous year. , Robust domestic car production supported by growing export contributed to the increase in sales. Despite of production volume increases, operating income totaled 70.3 billion yen (US$590.2 million), a 0.4 percent decrease from the previous year, due to increases in raw material costs. In North, Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , sales expansion to Toyota, Honda honda a quick release metal eyelet for the end of a lariat. When the restrained animal is no longer required it is not necessary to slacken off the loop and pull it over the head—a very great advantage when working with wild cattle or unbroken horses. and General Motors led to an increase in sales to 185.2 billion yen (US$1.6 billion), an 8.1 percent increase from the previous year. Operating income increased to 5.6 billion yen (US$ 47.0 million), an increase of 32.0 percent. Increased production volume and cost reduction efforts absorbed the increase in raw material costs and resulted in an increase in operating income. In Europe, sales expansion to Toyota, Ford and General Motors raised sales to 132.5 billion yen (US$1.1 billion), a 25.6 percent increase from the previous year. Operating income increased to 3.3 billion yen (US$ 27.7 million) from 0.9 billion yen (US$ 7.6 million) in the previous year, as a result of an increase in production volume in the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. and Hungary. In Asia and Oceania, sales totaled 123.6 billion yen (US$1.0 billion), a 17.8 percent increase from the previous year, thanks to increased car production in China. Although production volume increased, operating income totaled 11.8 billion yen (US$99.1 million), a 1.0 percent decrease from the previous year, due to start-up Start-up The earliest stage of a new business venture. costs in China. No changes were made to the fiscal year 2006 estimates announced on Oct. 31, 2006. Below is the forecast for fiscal year ending March 31, 2007.
------------------------------------------------------
FY Forecast
------------------------------------------------------
Net Sales 3,500.0 billion yen
Income before income taxes
and minority interests 301.8 billion yen
Net Income 193.0 billion yen
------------------------------------------------------
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs 106,000 people in 32 countries and regions, including Japan. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges Nagoya Stock Exchange Established after World War II, one of the three major securities markets in Japan. in Japan. (Note) U.S. dollar amounts have been translated, for convenience only, at the rate of 119.11 yen = US$1, the approximate exchange rate prevailing on Dec. 29, 2006. Billion is used in the American sense of one thousand million. About DENSO Corporation DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2006 totaled US$27.3 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com or visit our media website at www.densomediacenter.com. Source: DENSO Corporation Contact: DENSO CORPORATION Miwa Kurokawa, Goro Kanemasu Phone: 81-566-25-5594 Fax: 81-566-25-4509 miwa_kurokawa@denso.co.jp goro_kanemasu@denso.co.jp Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion