DENSO, a leading mobility supplier, has announced its global financial results for the fiscal year ending March 31 and it said that its consolidated revenue was $44.6 billion, a 4.2 percent decrease from the previous year.
However, the Japan-based software company said consolidated operating profit totaled $1.4 billion, a 154 percent increase from the previous year.
“Revenue is recovering steadily due to the improve in vehicle sales, but sales in the full-year decreased compared to last fiscal year due to the significant decline in the first quarter,” said Yasushi Matsui, senior executive officer of DENSO Corp. “Operating income increased year-over-year due to the effects of additional measures.”
In North America, DENSO revenue decreased to $9.3 billion, down 12.8 percent from the previous year.
