Denso Group recently released financial data for the first half of the fiscal year (April-September 2014). The Group's revenue in the first half of the fiscal year has maintained steady growth, but the increase in research and development costs and investment expenditures has led to profitability. The performance continued to decline.
In the first half of the fiscal year, Denso's operating income reached 207.99 billion yen (about 18.9 billion US dollars), up 4.2% from 198.86 billion yen in the same period last year; operating profit continued to fall, down 16.1% year-on-year to 161.34 billion. Yuan (about 1.5 billion US dollars); net profit also fell 18.5% from the same period of the previous fiscal year, fell to 1,22.36 billion yen (about 1.1 billion US dollars).
According to the financial data released by Denso Group, the group's accumulated operating income in the first three quarters of this year reached 3,187.7 billion yen (about 280.5 billion US dollars).
Japan's domestic performance continued to decline as the first quarter, due to the shift in demand from the Japanese market to a lower-margin compact car class, coupled with a decline in export business, resulting in the decline of Denso's revenue in Japan in the first half of the fiscal year. 2.6% to 129.492 billion yen (about 11.8 billion US dollars); operating profit fell 26.4% to 157.78 billion yen (about 970 million US dollars).
In the North American market, thanks to the increase in vehicle production and the steady growth of the local economy, Denso's operating income in the first half of the fiscal year climbed 10.8% year-on-year to reach 446.4 billion yen (about 4.1 billion US dollars); 44.8%, reaching 13.5 billion yen (about 120 million US dollars).
Due to the growth of European car production and the recovery of the economy, Denso's operating income in the first half of the fiscal year climbed 13.1% to 265.2 billion yen (about 2.4 billion US dollars); operating profit reached 7.4 billion yen (about 6,790) Ten thousand U.S. dollars).
In the Asian and Oceania markets outside Japan, thanks to the growth of automobile production in China and other places, Denso's revenue increased by 8.3% year-on-year to 499.5 billion yen (about 4.5 billion US dollars); operating profit fell 12.0% year-on-year. To 33.1 billion yen (about 300 million US dollars).
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