The Denso Group recently announced its financial report for the first half of the fiscal year (April to September 2013). Thanks to the depreciation of the yen and the growth of automobile production in North America, the company’s operating income in the first half of the fiscal year maintained double-digit growth. As for the situation, net profit has nearly doubled from the same period of last year.
In the first half of the fiscal year, Denso's operating revenue worldwide reached 1,978.62 billion yen (approximately US$20.276 billion), and its revenue during the same period last year was 1,731.29 billion yen (approximately US$176.78 billion), a year-on-year increase of 14.7%. Net profit reached 15.082 billion yen (approximately 1.53 billion U.S. dollars), which is a sharp increase of 92.2% from 78.073 billion yen (approximately 796 million U.S. dollars) in the same period of last year.
In the regional markets, the sales of Denso's first half fiscal year were generally increased, with Japan's domestic sales reaching 1,329.8 billion yen (approximately US$13,564 million), an increase of 7.8% year-on-year; North American market sales reached 402.785 billion days. Yuan (approximately US$4.108 billion), up 33.9% year-on-year; Europe's regional sales growth was the highest, a surge of 35.5% year-on-year; Asia and Oceania regional sales reached 457.239 billion yen (approximately US$4.664 billion), a year-on-year increase. It reached 28.7%.
In terms of calendar years, the total revenue from the electrical equipment business was approximately 29,993 billion yen (approximately US$ 40.793 billion) in the first three quarters of this year (ie, the sum of the fiscal fourth fiscal quarter and the first half of the fiscal year). The figure for the same period last year was approximately 2,273.3 billion yen (approximately 27.268 billion US dollars), an increase of 12% year-on-year.
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