Contents


Financial Summary
DENSO CORPORATION (formerly Nippondenso Co., Ltd.) and consolidated subsidiaries
Fiscal periods ended March 31, 1997, 1996, and 1995, and December 31, 1994, 1993, and 1992
Millions of yen Thousands of
U.S. dollars
/199719961995 (3 months)1994199319921997
Net sales: Y 1,624,906Y 1,422,607Y 339,337Y 1,412,203Y 1,427,693Y 1,523,779$13,104,081
Domestic sales 1,153,3921,035,664278,3721,066,8761,108,1371,210,0959,301,549
Overseas sales 471,514386,94360,965345,327319,556313,6843,802,532
Net income 71,37649,8457,44237,22427,28241,954575,613
Total assets 1,701,8251,576,9791,542,9751,487,8361,426,5571,493,27413,724,395
Shareholders' equity 978,378904,100861,928839,531772,170759,4107,890,145
Common stock 129,897112,211111,787108,14886,05386,0521,047,556
Capital investment 124,78996,63215,50062,064104,065137,9291,006,363
Depreciation 94,89091,16721,275105,594115,000116,180765,242
R&D expenses 151,928130,82732,133119,043111,619110,6551,225,226
/
YenU.S. dollars


Per share:
Net income Y 81.68Y 57.33Y 8.57Y 44.27Y 32.56Y 50.14$0.66
Fully diluted net income 76.2453.52--------0.61
Cash dividends 16.0014.003.5015.0014.0014.000.13
Average number of:
shares (in thousands) 873,869869,442868,517840,928837,839836,756
Number of employees 56,96156,38557,26455,90156,62256,718

Notes:
1.The closing date of our fiscal period was changed from December 31 to March 31 in 1995. That change resulted in an irregular, 3-month, fiscal period (Jan. 1, 1995 to Mar. 31, 1995).
2.Since the fiscal period ended March 31, 1995, nine additional companies (two in Japan, seven overseas) have been included among consolidated subsidiaries and one non-consolidated subsidiary and seven associated companies have been accounted for under the equity method (see Note 2 to the Consolidated Financial Statements).
3.The figures for net sales and net income in the 3-month fiscal period ended March 31, 1995, do not include the accounts of overseas consolidated subsidiaries.
4.U.S. dollar amounts have been translated, for convenience only, at the rate of 124 yen=$1, the approximate exchange rate prevailing on March 31, 1997, the last trading day of the fiscal year.
5.The number of shares used in calculating per share amounts has been retroactively adjusted for subsequent free share distributions and stock splits.
6.Fully diluted net income per share of common stock is disclosed from the year ended March 31, 1996.





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