Message from the President
A message from the president about DENSO's mission and a vision
Review of Fiscal 2017
On behalf of all at the DENSO Group, I would like to take this opportunity to express our sincere gratitude for the support we have received from all our stakeholders.
In 2015, we formulated our Mid-term Policy targeted for achievement in the 2019 fiscal year, and we started to work on our new Mid-term Policy. In a rapidly changing business environment, under the terms of the new policy, we will fulfill DENSO’s mission of contributing to society by focusing and taking prompt actions on three business fields―the environment, security and safety; the aftermarket and new business; and the global market.
We will resolve social issues through business using, technological developments related to ADAS and our advanced driver assistance systems, to realize an improvement in DENSO’s corporate value.
In the first half of the fiscal year ending March 31, 2017, despite the production volume increase and the growth in sales, revenue decreased to 2,176.9 billion yen and operating profit decreased to 142.7 billion yen due to the appreciation of the yen. With regard to the Company’s performance for the full year, we expect revenue to be 4,380.0 billion yen and operating profit to be 290.0 billion yen.
Our policy of shareholders’ return is to continuously raise dividend scale stably and on a long-term basis while taking into consideration consolidated financial results, dividend payout ratio and the amount of dividend comprehensively. Internal reserves are applied to investment (equipment, R&D and M&A) aiming to maintain future business growth and, considering financial position, also to acquisition of treasury stock. Under this policy, we decided to maintain dividends to 60 yen for the first half of the year and 120 yen for the full year. We will continue to enhance corporate value and further profit return to our shareholders.
I am sincerely grateful for receiving the ongoing support of all our stakeholders.
President and CEO