DENSO Announces Year-end Financial Results; Net Sales, Operating Income and Net Income Hit Record Highs.Kariya, Japan, Apr 26, 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 Corporation today announced global financial results for the fiscal year ended March 31, 2007. - 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 3,609.7 billion yen (US$30.6 billion), a 13.2 percent increase from the previous year. - Consolidated 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 303.1 billion yen (US$2.6 billion), a 13.7 percent increase from the previous year. - Consolidated net income totaled 205.2 billion yen (US$1.7 billion), a 20.9 percent increase from the previous year. "This year we have hit record highs for consolidated net sales, consolidated operating income and consolidated net income," said Koji Kobayashi, managing officer of DENSO Corporation. "These favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. results are due to continued growth in domestic and overseas car production for Japanese auto manufacturers and sales expansion to non-Japanese auto manufacturers." In Japan, sales totaled 2,541.3 billion yen (US$21.5 billion), an 11.0 percent increase from the previous year. In spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite the sales increase led by robust domestic car production supported by growing export, rising material costs led to operating income of 215.3 billion yen (US$1.8 billion), a 3.7 percent increase from the previous year. 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 and General Motors led to an increase in sales to 769.1 billion yen (US$6.5 billion), an 11.4 percent increase from the previous year. Operating income increased to 29.2 billion yen (US$247.3 million), an increase of 33.4 percent from the previous year. Increased production volume and cost reduction efforts lessened less·en v. less·ened, less·en·ing, less·ens v.tr. 1. To make less; reduce. 2. Archaic To make little of; belittle. v.intr. To become less; decrease. the impact of an increase in raw material costs. In Europe, sales expansion to Toyota, Ford, Fiat and OPEL for cooling modules, diesel common rail injection systems, and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. systems raised sales to 519.3 billion yen (US$4.4 billion), a 22.8 percent increase from the previous year. Operating income improved drastically dras·tic adj. 1. Severe or radical in nature; extreme: the drastic measure of amputating the entire leg; drastic social change brought about by the French Revolution. 2. from 1.6 billion yen (US$13.6 million) the previous year to 12.2 billion yen (US$103.3 million), due to increased production volume and cost reduction efforts in Hungary and 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. . In Asia and Oceania, sales totaled 480.2 billion yen (US$4.1 billion), a 21.5 percent increase from the previous year, and operating income totaled 45.9 billion yen (US$388.8 million), a 25.1 percent increase from the previous year. In spite of a decrease in car production in ASEAN ASEAN: see Association of Southeast Asian Nations. ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in countries, strong car production in China and sales expansion in Thailand resulted in an increase in both sales and operating income. Forecast for Fiscal Year Ended March 31, 2008
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Half-Year Current FY Changes from
Forecast Forecast Previous FY
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Net Sales 1,830.0 bil yen 3,800.0 bil yen +5.3 percent
(US$15.5 bil) (US$32.2 bil)
Income before 149.0 bil yen 323.0 bil yen +0.3 percent
income taxes and (US$1.3 bil) (US$2.7 bil)
minority interests
Net Income 95.0 bil yen 207.0 bil yen +0.9 percent
(US$0.8 bil) (US$1.8 bill)
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(Notes) U.S. dollar amounts have been translated, for convenience only, at the rate of 118.05 yen = US$1, the approximate exchange rate prevailing on March 31, 2007. 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 112,000 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. For more information, go to www.globaldenso.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. |
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