Denso's net profit fell 19% in the first half of the year
The Denso Group recently announced its financial data for the first half of the fiscal year (April to September 2014). The Group's revenue for the first half of the fiscal year has maintained a steady growth, but the increase in R&D costs and investment expenditure has led to its profitability. Performance continues its downward trend. In the first half of the fiscal year, Denso Group’s operating income reached 2,070.99 billion yen (approximately US$18.9 billion), an increase of 4.2% from 1,988.6 billion yen in the same period of last year; operating profit continued to decline, falling 16.1% year-on-year to 161,340 million days. Yuan (approximately US$1.5 billion); net profit also fell by 18.5% compared to the same period of last fiscal year and fell to 122.36 billion yen (approximately US$1.1 billion). According to the financial data previously published by Denso Group, the cumulative operating income of the group in the first three quarters of this year reached 3.187 trillion yen (approximately US$ 28.05 billion). Japan's domestic performance continues to decline Same as the first fiscal quarter, due to the shift of demand in the Japanese market to a compact car with a lower profit margin, coupled with a decline in export business, the revenue of the Denpasar Corporation in Japan fell 2.6% to 1,294.92 billion in the first half of fiscal year. The yen (approximately 11.8 billion U.S. dollars); operating profit fell by 26.4%, to 1.057 trillion yen (about 970 million U.S. dollars). In the North American market, thanks to the increase in vehicle production and the steady growth of the local economy, the operating revenue of Denso climbed 10.8% year-on-year to 446.4 billion yen (approximately US$4.1 billion) in the first half of fiscal year; operating profit was a year earlier. 44.8% to 13.5 billion yen (about 120 million U.S. dollars). As European vehicle production continues to grow and the economy has recovered, the operating revenue of Denso climbed 13.1% in the first half of fiscal year to reach 265.2 billion yen (approximately 2.4 billion U.S. dollars); operating profit reached 7.4 billion yen (approximately 6,790 yen). Ten thousand U.S. dollars). In the Asian and Oceanian markets outside Japan, thanks to the increase in automobile production in China and other places, the revenue from power equipment and electronics sales increased by 8.3% year-on-year to 4955.4 billion yen (approximately US$4.5 billion); operating profit decreased by 12.0% year-on-year and decreased. To 33.1 billion yen (about 300 million U.S. dollars). One Piece Hose Fittings,1 Inch Hose Connector,Vacuum Hose Connector,Universal Hose Pipe Tap Connector Ningbo Xintai Industry and Trade Co., Ltd. , https://www.nb-xintai.com