DENSO CORPORATION ( (DNZOF) ) has released its Q3 earnings. Here is a breakdown of the information DENSO CORPORATION presented to its investors.
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DENSO CORPORATION, a leading supplier of advanced automotive technology, systems, and components, operates in the automotive industry with a focus on ‘green’ and ‘inspiring’ mobility solutions aimed at reducing environmental impacts and enhancing vehicle safety. The company recently reported its financial results for the nine months ending December 31, 2024, showing a slight decline in revenue but a significant increase in operating profit due to cost-cutting measures and favorable currency exchange rates. Despite a 1.2% decrease in revenue to ¥5,288.4 billion, operating profit surged by 68.3% to ¥401.6 billion, driven by strategic reductions in costs and the depreciation of the yen. Additionally, the profit attributable to owners of the parent company rose by 78.1% to ¥312.7 billion. While revenue declined in regions like Japan, Europe, and Asia due to slow vehicle sales, North America saw an increase in both revenue and operating profit, thanks to the expansion in electrification and safety product sales. Looking ahead, DENSO maintains its full-year forecast for March 2025, expecting revenue of ¥7,090.0 billion with stable operating profit, amidst challenges like rising material costs and currency fluctuations.
