A WINNING TRADITION OF INNOVATION
The DENSO name means high quality and superior technology in the automotive industry. DENSO now offers its First Time Fit® brand of products to the aftermarket. Each of these products is precisely built for exact replacement so you don't have to worry about doing the same job twice.
At DENSO, we're constantly striving to break new ground with innovative solutions for today's demanding automotive needs. All of our aftermarket products are built to OE-standards and incorporate the latest upgrades — a promise only an OE manufacturer can make.
HISTORY
Nippondenso Co., Ltd. only began the manufacture and sales of electrical components and radiators for cars in 1949 but in 1961, it became the first among all automotive parts suppliers in Japan and only the second in the automotive industry to be awarded the Deming prize- the most prestigious award for quality control in Japan-following stringent evaluation of all company efforts. Today, DENSO has become the world-leading supplier of automotive technology, systems and components.
REDEFINING QUALITY TO CREATE NEW VALUE
DENSO has a long history of anticipating and meeting the needs of consumers and customers. In the 1960’s, we were among the first to begin perfecting automotive integrated circuits, seeking to adapt IC technology to a wide range of products. Count on DENSO for new thinking as we find inventive ways to reapply and merge core technologies in new uses and fields.
IT’S PEOPLE
At DENSO, there is no room for compromise when it comes to the quality of our products. Our engineers around the world design bold new products that set us apart. Our engineers and technicians, together with the 50 DENSO-trained World Skills Olympics medalists, forge a unique partnership from the start of project design and development to ensure quality and reduce cost while creating revolutionary advances in processing methods and devices.
DENSO VISION 2015
Everything we do at DENSO is based on our philosophy: “Contributing to a better world by creating value together through a vision for the future.” Our ultimate goal is to create an advanced automobile society, a world in which automobiles, people and society exist in harmony. To help us achieve this goal, we established the DENSO Vision 2015 milestone; that is, by the year 2015, our goal is to become a company known for “Delivering Consideration and Fulfillment to People Around the World”.
Kariya, Japan — DENSO Corporation today announced global financial results for the fiscal year ending March 31, 2009:
• Consolidated net sales totaled 3,142.7 billion yen (US$32.0 billion), a 21.9 percent decrease from the previous year.
• Consolidated operating loss totaled 37.3 billion yen (US$379.8 million), a decrease of 386.0 billion yen (US$3.9 billion) from the previous year’s operating income of 348.7 billion yen (US$3.5 billion).
• Consolidated net loss totaled 84.1 billion yen (US$856.0 million), a decrease of 328.5 billion yen (US$3.3 billion) from the previous year’s consolidated net income of 244.4 billion yen (US$2.5 billion).
“The sales decrease and operating loss were due to the sharp decline in worldwide car production in the second half of the fiscal year and substantial currency exchange loss,” said Nobuaki Katoh, president and CEO of DENSO Corporation.
In Japan, sales totaled 2,145.6 billion yen (US$21.8 billion), a 21.3 percent decrease from the previous year, and operating loss totaled 114.7 billion yen (US$1.2 billion), a decrease of 312.2 billion yen (US$3.2 billion) from the previous year’s operating income. In addition to a decrease in domestic car production and product exports mainly to North America and Europe, substantial currency exchange loss resulted in a decrease in sales and an operating loss.
In North, Central and South America, a decrease in sales mainly to Toyota and the three major American automakers, resulting from the cuts in car production, led to a decrease in sales to 559.8 billion yen (US$5.7 billion), a 32.7 percent decrease from the previous year. Despite cost-reduction efforts, the lower production volumes led to operating income of 5.1 billion yen (US$51.7 million), an 87.8 percent decrease from the previous year.
In Europe, sales totaled 462.5 billion yen (US$4.7 billion), a 25.4 percent decrease from the previous year, mainly due to lower car production for Japanese auto manufacturers. Despite cost-reduction efforts, the decrease in production volume resulted in operating income of 3.6 billion yen (US$36.8 million), an 86.4 percent decrease from the previous year.
In Asia and Oceania, sales totaled 507.7 billion yen (US$5.2 billion), a 17.6 percent decrease from the previous year, and operating income totaled 60.5 billion yen (US$615.6 million), a 24.8 percent decrease from the previous year. In spite of an increase in car production volumes for Japanese auto manufacturers in China, the slowdown in car production in ASEAN countries and substantial currency exchange loss resulted in decreases in both sales and operating income.
“We are working to create a slim and lean business structure to improve earnings,” said Katoh. “We are also looking to the future, focusing on technological innovations and low-cost technologies.”
Forecast for Fiscal Year Ending March 31, 2010
Half-Year Forecast Current FY Forecast Changes
from Previous FY
Net Sales 1,225.0 billion yen
[US$12.5 billion] 2,720.0 billion yen
[US$27.7 billion] -422.7 billion yen
(- 13.4 percent)
Operating income (loss) (75.0) billion yen
[US($763.5) million] (40.0) billion yen
[US($407.2) million] -2.7 billion yen
( - )
Income (loss) before income taxes and minority interests (74.0) billion yen
[US($753.3) million] (38.0) billion yen
[US($386.8) million] +61.3 billion yen
( - )
Net income (loss) (38.0) billion yen
[US($386.8) million] (19.0) billion yen
[US($193.4) million] +65.1 billion yen
( - )
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs 120,000 people in 32 countries and regions, including Japan. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com.
In the Americas, DENSO employs more than 17,000 people with consolidated sales totaling US$8.3 billion for the fiscal year ended March 31, 2008.
(Notes)
U.S. dollar amounts have been translated, for convenience only, at the rate of 98.23 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on March 31, 2009. Billion is used in the American sense of one thousand million.
Designed for the professional technician, this 24 x 36 inch poster describes includes a typical starter system and troubleshooting tips. To order the poster, please contact your local DENSO sales representative.
This 24 x 36 inch poster describes the features and benefits of the DENSO First Time Fit wiper blade. Available to professional technicians. To order, please contact your local DENSO sales representative.
Designed for the professional technician, this 24 x 36 inch poster includes troubleshooting tips for a servicing a vehicles oxygen sensor. To order the poster, please contact your local DENSO sales representative.
Designed for the professional technician, this 24 x 36 inch poster includes troubleshooting tips for spark plugs. To order the poster, please contact your local DENSO sales representative.
Cabin Filters
DENSO First Time Fit® cabin air filters provide cleaner air in the passenger cabin as the driver navigates streets full of pollen, dust, dirt and other contaminants. Because the filter traps these contaminants before they enter the vehicle cabin, the driver and passengers breathe healthy, refreshing air.
Accumulator/Receiver Drier
Designed to store refrigerant until it is needed, absorb moisture and contain debris that may be in the system or the refrigerant.