DENSO Announces Third Quarter Financial Results
KARIYA, JAPAN, Jan 31, 2025 – (JCN Newswire via SeaPRwire.com) – DENSO, a leading mobility supplier, today announced global financial results for the third quarter, ending December 31, 2024, of its fiscal year, ending March 31, 2025:Consolidated revenue totaled 5288,4 billion yen (US$33.5 billion), a 1.2 percent decrease from the previous year.Consolidated operating profit totaled 401.6 billion yen (US$2.5 billion), a 68.3 percent increase from the previous year.Consolidated profit attributable to owners of the parent company totaled 312.7 billion yen (US$2.0 billion), a 78.1 percent increase from the previous year.”Revenue in the third quarter decreased compared to the previous year, due in part to lower vehicle production volumes in Asia and suspensions of operations by Japanese customers, though slowing yen depreciation supported our overall performance. Operating profit in the third quarter increased compared to the previous year through foreign exchange gains and cost management efforts, despite lower pr…