DENSO announces positive year-end financial results
DENSO Corporation, of which DENSO Europe B.V.’s Business Unit After Market & Industrial Solutions is a part, has announced its global financial results for the fiscal year ending March 31, 2014:
- Consolidated net sales totalled 4,095.9 billion yen (euro30.6 billion), up 14.4 percent on the previous year.
- Consolidated operating income totalled 377.7 billion yen (euro2.8 billion), a 44.0 percent increase from the year before.
- Consolidated net income totalled 287.4 billion yen (euro2.1 billion), 58.2 percent more than the previous year.
“Sales and operating income rose due to growth in car production mainly in developed countries, in addition to the impact of the weak yen,” said Nobuaki Katoh, president and CEO of DENSO Corporation.
In Europe, the gradual recovery from the economic slump and the effect of the weak yen led to improved sales of 498.9 billion yen (euro3.7 billion), 34.0 percent up on the previous year. As a result of greater production volumes, operating income totalled 12.4 billion yen (euro93.6 million), 216.1 percent higher than the year before.
“For the new fiscal year, we expect sales to rise and income to reduce. This is due to smaller production volume within Japan, investment costs for initiating new products and greater capabilities in overseas plants for future competitiveness,” said Katoh.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit DENSO’s media website at www.densomediacenter.com.
DENSO Europe B.V.’s dedicated After Market and Industrial Solutions Business Unit supplies OE quality Thermal Systems, Cabin Air Filters, Spark Plugs, Glow Plugs, Wiper Blades, Starters and Alternators, Lambda Sensors, Engine Management Systems and Diesel Components to distributors, wholesalers and garages. Sales of these programmes are coordinated locally wherever possible, with DENSO’s growing European network of national aftermarket sales offices including Germany, the United Kingdom and Russia. DENSO After Market also applies its knowledge of automotive electronics technology to develop a diverse range of non-automotive industrial solutions; including Robotics, MovinCool® Spot Cooling units and custom-made bus air-conditioning systems. For more details contact DENSO Europe B.V.’s Business Unit After Market on +31 (0) 294 493 493 or visit www.denso-am.eu.