Mexican Media Brands
Denso’s Fiscal-Year Profit Slides
Denso Corp. says its consolidated operating profit fell 5% to 315.7 billion yen ($2.8 billion) in the fiscal year ended March 31.
#economics
Share
Denso Corp. says its consolidated operating profit fell 5% to 315.7 billion yen ($2.8 billion) in the fiscal year ended March 31.
Revenue rose 5% to 4.5 trillion yen ($40.2 billion). But new-product launches and increased r&d spending hurt operating results. Consolidated profit dropped 6% to 244.3 billion yen ($2.2 billion).
The company’s regional revenue for the 12-month period slipped 1% in Japan and 19% in south America. But it grew 7% in Europe, 11% in Asia and 15% in North America.
Denso predicts the fiscal year that began this year will see revenue flat at 4.5 trillion yen. But the company predicts slight declines in operating profit (-1%), pretax profits (-2%) and net profit (-4%).
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.