DENSO Announces First Harf Financial Results

KARIYA (Japan) ―DENSO, a leading mobility supplier, today announced global financial results for the first half, ending September 30, 2025, of its fiscal year, ending March 31, 2026:

“Even with the yen appreciating compared to the previous year, revenue for the current fiscal year increased compared to last, driven by higher vehicle sales in North America and Asia and expanded sales of electrification-related products and other strategic products. However, operating profit declined year-over-year due to quality-related provisions and tariffs, despite the positive impact from cost reduction efforts and increased production volumes.” said Yasushi Matsui, CFO, Executive Vice President and member of the Board of Directors of DENSO CORPORATION. “In this fiscal year, we forecast 7,240.0 billion yen (US$48.6 billion) in revenue and 651.0 billion yen (US$4.4 billion) in operating profit. Our revenue forecast reflects the actual exchange rates in the first half of the fiscal year and our revised exchange rate projections for the rest of the fiscal year. Operating profit incorporates the revised exchange rate projections and quality-related provisions recorded in the second quarter. The annual dividends for the end of the fiscal year will be 64 yen, unchanged from the previous announcement. We will continue to improve DOE levels over the long term and in a stable manner.”

In Japan, revenue increased to 2,099.5 billion yen (US$14.1 billion), up 3.4% from the previous year, and operating profit decreased to 31.6 billion yen (US$212.1 million), down 72.9% from the previous year.

In North America, revenue increased to 973.0 billion yen (US$6.5 billion), up 5.3% from the previous year, and operating profit increased to 56.9 billion yen (US$382.6 million) up 56.2% from the previous year.

In Europe, revenue decreased to 363.0 billion yen (US$2.4 billion), down 0.7% from the previous year, and operating profit increased to 8.6 billion yen (US$58.1 million), up 47.3% from the previous year.

In Asia, revenue increased to 952.1 billion yen (US$6.4 billion), up 1.5% from the previous year and operating profit increased to 95.9 billion yen (US$644.3 million), up 25.1% from the previous year.

In other areas, revenue increased to 62.0 billion yen (US$0.4 billion), up 5.8% from the previous year, and operating profit decreased to 11.6 billion yen (US$78.0 million), down 4.8% from the previous year.

Forecast for Fiscal Year Ending March 31, 2026

(Notes)
The above forecasts are created based on information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 148.83 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on September 30, 2025. Billion is used in the American sense of one thousand million. Foreign exchange rates of the Forecast for Fiscal Year Ending March 31, 2026, as a precondition are US$= 145.5 yen, Euro= 169.0 yen, CNY=20.1 yen, and from the third quarter onward, foreign exchange rate assumptions are US$= 145.0 yen, Euro= 170.0 yen, CNY=20.0 yen.

About DENSO CORPORATION
Globally headquartered in Kariya, Japan, DENSO is a 7,161.8 billion yen leading mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 180 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, among others, that change how the world moves. In developing such solutions, the company’s 158,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 8.6 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2025. For more information about DENSO’s operations worldwide, visit https://www.denso.com/global.