International. The automotive component manufacturer released global financial results for the first quarter, which ended June 30, 2024, and for its fiscal year 2025, which ends March 31, 2025.
Consolidated revenue totaled $10.9 billion, representing a 2.4% increase from the previous year. Consolidated operating profit was $700 million, an increase of 27.7% year-over-year. Consolidated profit attributable to the owners of the parent company amounted to $600 million, an increase of 10.5% over the previous year.
"Revenue in the first quarter increased compared to the prior year, due in part to the slowdown in the depreciation of the yen (original currency of the financial report), although suspensions of operations by Japanese customers and lower vehicle production volumes due to low vehicle sales in Asia affected the overall performance," said Yasushi Matsui, CFO, Vice President and member of the Board of Directors of DENSO Corporation.
In Japan, revenue rose to $6.1 billion, up 0.4% year-over-year, and operating profit was $280 million, up 81.6% year-over-year.
In North America, revenue increased to $3.1 billion, up 17.7% year-over-year, and operating profit was $144 million, up 270.2% year-over-year.
In Europe, revenue rose to $1.2 billion, up 0.7% from the previous year, and operating profit was $31.0 million, down 33% from the previous year.
In Asia, revenue rose to $2.9 billion, down 0.6% from the previous year, and operating profit was $222 million, down 11.7% from the previous year.
In other areas, revenue rose to $199 million, up 1.8% from the previous year, and operating profit was $36.9 million, up 19.5% from the previous year.
