Denso's operating profit surged 44% year-on-year in the previous fiscal year

Japan Denso Group has announced that as the Japanese Yen continues to weaken, and the production of automobiles in Japan and North America and other regions has grown, the Group's 2013 to 2014 fiscal year (April 2013 to March 2014) operating profit innovation record high.

From 2013 to 2014, the revenue of Denso Group’s business rose from JPY3,580,923 million in the previous fiscal year to JPY4,959.25 billion (US$39.8 billion), a year-on-year increase of 14.4%; operating profit reached 377.696 billion yen ( About 3.7 billion US dollars), a sharp increase of 44% year-on-year; net profit increased by as much as 58.2%, reaching 287.388 billion yen (about 2.8 billion US dollars).

In the fiscal year of last fiscal year, Denso recorded an overall increase in sales in all major regional markets. In Japan, sales of domestic sales increased 10.3% year-on-year; sales in North America and Europe surged by 28.5% and 34% respectively; in the Asia-Pacific market Sales also increased by 18.8% year-on-year, mainly due to the increase in automobile production in China and the weakening of the yen.

Despite the overall growth in revenue and net profit in the previous fiscal year, Denso still expects the operating profit and net profit of the current fiscal year (April 2014 to March 2015) to decline. The expected declines are 7.3% and 13.7% respectively. %. This is mainly due to the expected decline in domestic auto production in Japan and the company's investment costs for launching new products and increasing production capacity at overseas factories.

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