KARIYA (Japan) ―DENSO, a leading mobility provider, today announced its worldwide financial results for its fiscal year ending March 31, 2022:

  • IConsolidated revenue totaled 5,515.5 billion yen ($45.1 billion), an increase of 11.7% over the previous year.

  • IConsolidated operating profit totaled 341.2 billion yen ($2.8 billion), an increase of 120.0% over the previous year.

  • IConsolidated profit attributable to owners of the parent company totaled 263.9 billion yen ($2.2 billion), an increase of 111.0% over the previous year.

“Revenues and operating profit increased from a year ago due to the recovery in vehicle sales following COVID-19 and improved profits, although shortages of semiconductors and “Other difficult business conditions have occurred,” said Yasushi Matsui, senior executive and member of the board of directors of DENSO Corporation. “We expect next fiscal year 6,350.0 billion yen ($51.9 billion) in revenue and 560.0 billion yen ($4.6 billion) in operating profit. be difficult to predict how the business environment might change, we will expand the sales of ADAS and electrification products, achieve gains through improved profits, and improve our management base, thereby strengthening our ability to cope with the market changes.

In Japan, revenue reached 3,515.1 billion yen ($28.7 billion), up 10.6% from a year earlier, and operating profit was 188 .9 billion yen ($1.5 billion), up 735.6% from a year earlier.

In North America, revenue reached 1,160.2 billion yen ($9.5 billion), up 13.1% year-on-year, and operating profit improved. amounted to 4.3 billion yen ($34.8 million), down 70.9% from a year earlier.

In Europe, revenue reached 561.4 billion yen (US$4.6 billion), up 8.0% year-on-year, and operating loss was 3 .4 billion yen (27.4 million US dollars).

In Asia, revenue reached 1,637.9 billion yen (US$13.4 billion), up 25.6% year-on-year, and operating profit reached 143.8 billion yen (US$1.2 billion), up 29.1% compared to the previous year.

In other areas, revenue increased to 76.6 billion yen ($0.6 billion), up 89.6% from a year earlier, and operating profit reached 15 .5 billion yen ($126.4 million), up 121.1% from a year earlier.

Forecast for the fiscal year ending March 31, 2023

Forecast for the whole year

Changes of
Previous exercice

Revenue

6,350.0 billion yen
[US$51.9 billion]

+834.5 billion yen
(+15.1%)

Operating result

560.0 billion yen
[US$4.6 billion]

+218.8 billion yen
(+64.1%)

Earnings before income taxes

603.0 billion yen
[US$4.9 billion]

+218.2 billion yen
(+56.7%)

Profit attributable to owners of the parent company

434.0 billion yen
[US$3.5 billion]

+170.1 billion yen
(+64.5%)

(Remarks)

The above forecasts are created based on information obtained as of the date of this announcement and actual results may differ due to various causes in the future. US dollar amounts have been converted, for convenience only, at the rate of 122.39 yen = US$1, the approximate exchange rate prevailing in the Tokyo foreign exchange market in March. 31, 2022. Billion is used in the American sense of one thousand million.

Forecast exchange rates for the financial year ending March 31, 2023, as a condition precedent are US$ = 115.0 yen, Euro = 130.0 yen.

About DENSO Corporation

DENSO is a $45.1 billion global mobility provider that develops advanced technologies and components for nearly every make and model of vehicle on the road today. With manufacturing at the core of its business, DENSO is investing in its 198 facilities to produce an electrification system, powertrain system, thermal system, mobility electronics and advanced devices, to create directly changing jobs. the way the world moves. The company’s more than 167,000 employees are leading the way to a future of mobility that improves lives, eliminates traffic accidents and preserves the environment. Based in Kariya, Japan, DENSO devoted 9.0% of its global consolidated sales to research and development during the fiscal year ended March 31, 2022. For more information about DENSO, please visit https://www.denso.com/global/en/.

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