In January 2013, the Japanese parts supplier Denso Group announced that its net sales for the first three quarters of this fiscal year (April 2012 to March 2013) reached US$29.7 billion, an increase of 16% year-on-year.
Denso’s operating profit for the first three quarters of the year reached US$2.2 billion, a significant increase of 128.9% from the same period in the previous fiscal year; net profit for the first three quarters totaled US$1.5 billion, a surge of 259.7% year-on-year.
In each regional market, Denso's sales in Japan in the first three fiscal quarters rose 16.9% year-on-year to US$21 billion, operating profit surged 247.3% year-on-year to US$1.4 billion; sales in North America reached US$5.2 billion, year-on-year Growth of 28.5%, operating profit reached US$107 million, a sharp increase of 581% year-on-year.
In Europe, sales in the first three quarters of Denso dropped due to the downturn in the auto market, which fell by 9.4% year-on-year to US$3 billion, and operating profit plummeted by 83.3% year-on-year to US$9.5 million; the company’s fiscal first quarter was in Asia and Oceania. Sales increased by 21.7% year-on-year to US$6.2 billion, and operating profit increased by 41.5% year-on-year to US$613 million.
In addition, taking into account the depreciation trend of the yen, Denso adjusted its sales forecast for the full fiscal year of this fiscal year: Denso expects its net sales for the current fiscal year to reach $39.4 billion, and net profit will reach The $1.6 billion, after adjustment, the company's net sales forecast for the fiscal year was raised to 39.8 billion US dollars, net profit was raised to 1.8 billion US dollars.
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