DENSO Announces First Quarter Financial Results

KARIYA (Japan) ―DENSO, a leading mobility supplier, today announced global financial results for the first quarter, ending June 30, 2026, of its fiscal year, ending March 31, 2027:

“Revenue in the first quarter increased compared to the previous year, driven by higher vehicle sales and increased demand in the electrification and intelligence fields. However, despite positive effects of the weakening Japanese yen, operating profit decreased compared to the same period last year, due to rising parts and material costs and our continued focus on strengthening investments for future growth.” said Seiji Maeda, CFO and Executive Officer. “In this fiscal year, we forecast 7,750.0 billion yen (US$47.8 billion) in revenue and 500.0 billion yen (US$3.1 billion) in operating profit. Our revenue forecast is based on first quarter production volumes and foreign exchange rates, and our operating profit forecast remains unchanged as we offset the impact of rising parts and material costs through foreign exchange gains and business improvements.”

In Japan, revenue increased to 1,110.0 billion yen (US$6.8 billion), up 9.5% from the previous year, and operating profit decreased to 7.6 billion yen (US$46.6 million), down 43.3% from the previous year.

In North America, revenue increased to 538.1 billion yen (US$3.3 billion), up 13.7% from the previous year, and operating profit increased to 25.3 billion yen (US$156.0 million), up 12.1% from the previous year.

In Europe, revenue increased to 198.8 billion yen (US$1.2 billion), up 6.3% from the previous year, and operating profit decreased to -8.6 billion yen (US$-53.1 million), operating loss from the previous year was –13.8 billion yen.

In Asia, revenue increased to 489.2 billion yen (US$3.0 billion), up 6.6% from the previous year and operating profit decreased to 41.8 billion yen (US$257.9 million), down 12.2％ from the previous year.

In other areas, revenue increased to 37.0 billion yen (US$0.2 billion), up 23.0% from the previous year, and operating profit increased to 7.3 billion yen (US$44.7 million), up 31.6% from the previous year.

Forecast for Fiscal Year Ending March 31, 2027

(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 US$=162.2 yen, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on June 30, 2026. Like in the U.S. billion is used in the sense of one thousand million. Foreign exchange rates of the Forecast for Fiscal Year Ending March 31, 2027, as a precondition are US$=154.6 yen, Euro=181.3 yen, CNY=22.4 yen.


About DENSO CORPORATION
Globally headquartered in Kariya, Japan, DENSO is a 7,540.0 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 170 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 155,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 9.2 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2026. For more information about DENSO’s operations worldwide, visit https://www.denso.com/global.