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DENSO, 23% Increase in Net Income, Update Record High for Second Consecutive Term

Fri Apr 25, 2025 11:10 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 April 25th (11:10). The consolidated net income for the fiscal year ending March 2025 expanded 34.0% from the previous period to 419 billion yen. In the fiscal year ending March 2026, the profit is expected to grow by 22.9% to 515 billion yen, marking the second consecutive term of record-high profits.

In the most recent three-month period, from January to March (4Q), the consolidated net income decreased to 106 billion yen, a 22.5% decrease compared to the same period last year. The operating profit margin worsened from 7.9% in the same period last year to 6.3%.

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Actual Results

Historical Performance
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 7,161,777 518,953 578,005 419,081 145.0 64 Apr 25, 2025 IFRS
YoY +0.2% +36.4% +32.5% +34.0% +38.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 7,090,000 550,000 609,000 437,000 154.4 64 Jan 31, 2025 IFRS
Mar, 2025 Results 7,161,777 518,953 578,005 419,081 145.0 64 Apr 25, 2025 IFRS
Revision Rate +1.0% -5.6% -5.1% -4.1% -6.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 3,474,852 251,227 281,734 190,837 65.6 32 Oct 31, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － 32 Apr 25, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,144,733 380,599 436,237 312,791 105.0 55 Apr 26, 2024 IFRS
Mar, 2025 7,161,777 518,953 578,005 419,081 145.0 64 Apr 25, 2025 IFRS
Mar, 2026 Guidance 7,050,000 675,000 743,000 515,000 187.1 64 Apr 25, 2025 IFRS
YoY -1.6% +30.1% +28.5% +22.9% +29.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 1,873,329 117,393 130,117 106,333 36.8 6.3 Apr 25, 2025 IFRS
YoY +4.7% -17.3% -11.8% -22.5% -20.1%

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