Revenue in the third quarter decreased compared to the previous year, due in part to lower vehicle production volumes in Asia and suspensions of operations by Japanese customers, though slowing yen depreciation supported our overall performance. Operating profit in the third quarter increased compared to the previous year through foreign exchange gains and cost management efforts, despite lower production volumes and increasing parts and material costs.” said Yasushi Matsui, CFO, Executive Vice President and member of the Board of Directors of DENSO CORPORATION. “In this fiscal year, we forecast 7,090.0 billion yen (US$44.9 billion) in revenue and 550.0 billion yen (US$3.5 billion) in operating profit. Our revenue forecast will be based on actuals of foreign exchange gains and revised upwards. Our operating profit forecast will remain the same, as we continue to manage increasing parts and material costs, quality costs and structural reform costs, and offset these factors through foreign exchange gains and business improvement activities.”
In Japan, revenue decreased to 3,121.8 billion yen (US$19.8 billion), down 0.8% from the previous year, and operating profit increased to 177.7 billion yen (US$1,125.6 million), up 694.6% from the previous year.
In North America, revenue increased to 1,366.4 billion yen (US$8.7 billion), up 6.3% from the previous year, and operating profit increased to 72.5 billion yen (US$459.6 million), up 163.6% from the previous year.
In Europe, revenue decreased to 536.7 billion yen (US$3.4 billion), down 5.9% from the previous year, and operating profit decreased to 4.9 billion yen (US$31.0 million), down 78.1% from the previous year.
In Asia, revenue decreased to 1,462.8 billion yen (US$9.3 billion), down 3.8% from the previous year and operating profit decreased to 125.9 billion yen (US$797.4 million), down 15.8% from the previous year.
In other areas, revenue increased to 89.8 billion yen (US$0.6 billion), up 9.6% from the previous year, and operating profit increased to 18.6 billion yen (US$117.9 million), up 23.4% from the previous year.
Forecast for Fiscal Year Ending March 31, 2025
| Full-Year Forecast | Changes fromPrevious Forecast | Changes fromPrevious FY | |
|---|---|---|---|
| Revenue | 7,090.0 billion yen[US$44.9 billion] | +70.0 billion yen(+1.0 percent) | -54.7 billion yen(-0.8 percent) |
| Operating profit | 550.0 billion yen[US$3.5 billion] | ー | +169.4 billion yen(+44.5 percent) |
| Profit before profit taxes | 609.0 billion yen[US$3.9 billion] | ー | +172.8 billion yen(+39.6 percent) |
| Profit attributable toowners of the parentcompany | 437.0 billion yen[US$2.8 billion] | ー | +124.2 billion yen(+39.7 percent) |
| ROE | 8.1% | -0.2% | +1.8% |