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DENSO, Apr-Dec (Cumulative 3Q) Net Income Increases by 78%, Oct-Dec Net Income Increases by 18 times

Fri Jan 31, 2025 11:20 am JST Earnings

6902 DENSO CORPORATION 【IFRS】

Earnings Report

DENSO CORPORATION <6902> [TSE Prime] announced its financial results (based on IFRS) in the morning on January 31st (11:20). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 312 billion yen, an increase 78.1% compared to the same period last year. However, the progress rate toward the full-year plan of 437 billion yen was 71.6%, also falling below the five-year average of 85.3%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 9.4% from the same period last year to 124 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 18 times that of the same period last year, reaching 121 billion yen. The operating profit margin drastically improved from 1.5% in the same period last year to 8.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 4,635,682 267,948 298,155 197,801 65.2 65.3 Feb 3, 2023 IFRS
Apr - Dec, 2023 5,354,889 238,576 288,715 175,622 58.6 66.2 Feb 2, 2024 IFRS
Apr - Dec, 2024 5,288,448 401,560 447,888 312,748 107.6 73.5 Jan 31, 2025 IFRS
YoY -1.2% +68.3% +55.1% +78.1% +83.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 3,545,148 298,773 327,266 246,163 87.0 32 Oct 31, 2024 IFRS
Oct - Mar, 2024 New 3,615,148 298,773 327,266 246,163 87.0 32 Jan 31, 2025 IFRS
Revision Rate +2.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 7,020,000 550,000 609,000 437,000 154.4 64 Oct 31, 2024 IFRS
Mar, 2025 New 7,090,000 550,000 609,000 437,000 154.4 64 Jan 31, 2025 IFRS
Revision Rate +1.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 3,631,235 168,779 188,574 143,868 48.3 30 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 3,615,148 298,773 327,266 246,163 87.0 32 Jan 31, 2025 IFRS
YoY -0.4% +77.0% +73.5% +71.1% +80.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,401,320 426,099 456,870 314,633 104.0 46.25 Apr 27, 2023 IFRS
Mar, 2024 7,144,733 380,599 436,237 312,791 105.0 55 Apr 26, 2024 IFRS
Mar, 2025 Guidance 7,090,000 550,000 609,000 437,000 154.4 64 Jan 31, 2025 IFRS
YoY -0.8% +44.5% +39.6% +39.7% +47.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,841,391 26,756 41,052 6,699 2.2 1.5 Feb 2, 2024 IFRS
Jan - Mar, 2024 1,789,844 142,023 147,522 137,169 46.0 7.9 Apr 26, 2024 IFRS
Apr - Jun, 2024 1,753,841 120,568 137,718 94,459 32.5 6.9 Jul 31, 2024 IFRS
Jul - Sep, 2024 1,721,011 130,659 144,016 96,378 33.1 7.6 Oct 31, 2024 IFRS
Oct - Dec, 2024 1,813,596 150,333 166,154 121,911 42.0 8.3 Jan 31, 2025 IFRS
YoY -1.5% +461.9% +304.7% +1,719.8% +1,772.8%

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