Jul 11, 2011
DENSO Announces Financial Forecast
Kariya (Japan) - DENSO Corporation today announced its financial forecast for the fiscal year ending March 31, 2012.
The expected exchange rates of 81 yen = US$1 and 113 yen = 1 Euro are used as preconditions for the financial outlook.
The financial forecasts for the fiscal year ending March 31, 2012 were undecided due to the unclear affects of the Great East Japan Earthquake.
1. Consolidated Forecast for First-Half Fiscal Year Ending September 30, 2011
|Net Income||Basic Net Income Per Share|
|Half-Year Forecast||1,420.0 billion yen
|0 yen||5.0 billion yen
|1.0 billion yen
|Previous First Half Results ended September 30, 2010||1,589.6 billion yen
|124.3 billion yen
|133.4 billion yen
|93.7 billion yen
2. Consolidated Forecast for Fiscal Year Ending March 31, 2012
|Net Sales||Operating Income||Ordinary Income||Net Income||Basic Net Income Per Share|
|FY Forecast||3,170.0 billion yen
|135.0 billion yen
|145.0 billion yen
|98.0 billion yen
|Previous FY Results ended March 31, 2011||3,131.5 billion yen
|188.3 billion yen
|207.2 billion yen
|143.0 billion yen
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, electric, 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 35 countries and regions (including Japan) and employs approximately 120,000 people. Last fiscal year, DENSO spent 9.3 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 80.73 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on June 30, 2011. Billion is used in the American sense of one thousand million.