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FINANCIAL HIGHLIGHTS
DENSO CORPORATION AND CONSOLIDATED SUBSIDIARIES
YEARS ENDED MARCH 31, 2003, 2002, AND 2001

  Millions of yen Percent
change
Percent
change*1
Thousands of
U.S. dollars




  2003 2002 2002*1
unaudited
2001 2003/
2002
2003/
2002*1
2003




Net Sales: ¥2,332,760 ¥2,401,098 ¥2,183,062 ¥2,014,978 (2.8) 6.9 $19,439,667
  Sales in Japan 1,325,637 1,277,865 1,277,865 1,245,830 3.7 3.7 11,046,975
  Sales outside Japan 1,007,123 1,123,233 905,197 769,148 (10.3) 11.3 8,392,692
Net Income 111,018 72,313 70,800 60,799 53.5 56.8 925,150
Total Assets 2,354,657 2,361,048 - 2,343,328 (0.3) - 19,622,142
Shareholders' Equity 1,397,888 1,421,212 - 1,451,211 (1.6) - 11,649,067
Capital Expenditures 171,108 193,599 183,977 140,447 (11.6) (7.0) 1,425,900
Depreciation 146,651 147,277 139,991 134,416 (0.4) 4.8 1,222,091
R&D Expenses 182,886 185,627 181,044 176,959 (1.5) 1.0 1,524,050
 
Per Share: Yen Percent
change
Percent
change*1
U.S. dollars





  Basic net income ¥128.37 ¥80.22 ¥78.54 ¥66.51 60.0 63.4 $1.07
  Cash dividends 20.00 18.00  - 17.00 11.1 - 0.17




Number of Employees 89,380 86,639 - 85,371

Notes: 1. The figures for the year ended March 31, 2002 include the effect of an irregular 15-month reporting period, due to certain major overseas consolidated subsidiaries and overseas affiliates (45 companies) deciding to change their year end to March 31 from December 31.
  *1. The italicized figures for the year ended March 31, 2002 represent unaudited amounts calculated by management to reflect comparative income statement information including the results of these overseas companies for the 12-month period ended December 31, 2001.
  2. U.S. dollar amounts have been translated, for convenience only, at the rate of ¥120=US$1, the approximate exchange rate prevailing on March 31, 2003, the last trading day of the fiscal year.




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