Woodkirk Stone
KARIYA (Japan) ―DENSO, a leading mobility provider, today announced its worldwide financial results for its fiscal year ended March 31, 2022:
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Consolidated revenue totaled 5,515.5 billion yen ($45.1 billion), an increase of 11.7% over the previous year.
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Consolidated operating profit totaled 341.2 billion yen ($2.8 billion), an increase of 120.0% over the previous year.
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Consolidated 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 ($13.4 billion), up 25.6% year-on-year, and operating profit reached 143.8 billion. yen ($1.2 billion), up 29.1% from 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.