DENSO CORPORATION ( (DNZOF) ) has released its Q1 earnings. Here is a breakdown of the information DENSO CORPORATION presented to its investors.
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DENSO CORPORATION, a leading global supplier of advanced automotive technology, systems, and components, has released its financial results for the first quarter of the fiscal year 2025. The company operates primarily in the automotive sector, focusing on creating a sustainable and safe mobility environment.
In the latest earnings report, DENSO CORPORATION reported a slight increase in revenue to ¥1,754.1 billion, marking a 0.0% change from the previous year. However, the company faced a decline in operating profit by 11.1% to ¥107.2 billion, largely due to the impact of tariffs in North America. Profit before income taxes saw a modest increase of 1.8% to ¥140.2 billion, while profit for the period decreased by 12.9% to ¥88.9 billion.
Key financial metrics highlighted in the report include a decrease in profit attributable to owners of the parent company by 16.1% to ¥79.3 billion. The company’s total assets decreased to ¥8,027.3 billion, with equity attributable to owners of the parent company also seeing a reduction. Regionally, revenue in Japan increased due to strong vehicle sales, while North America, Europe, and Asia experienced revenue declines due to currency fluctuations and decreased vehicle sales.
Looking ahead, DENSO CORPORATION has revised its full-year forecast, expecting revenue to reach ¥7,200.0 billion. The company plans to mitigate the impact of tariffs through cost reductions and strategic pricing adjustments. Despite current challenges, DENSO remains committed to its long-term goals of environmental sustainability and safety in mobility.