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DENSO fiscal Q4 profit climbs 11.6% YOY

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DENSO fiscal Q4 profit climbs 11.6% YOY

DENSO Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥63.69 per share, an increase of 12.6% from ¥56.59 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥50.05 billion, a gain of 11.6% from ¥44.86 billion in the year-earlier period.

The normalized profit margin climbed to 4.1% from 3.9% in the year-earlier period.

Total revenue climbed 5.4% on an annual basis to ¥1.216 trillion from ¥1.154 trillion, and total operating expenses grew 4.9% from the prior-year period to ¥1.130 trillion from ¥1.078 trillion.

Reported net income increased 26.1% on an annual basis to ¥66.71 billion, or ¥84.89 per share, from ¥52.90 billion, or ¥66.73 per share.

For the year, the company's normalized net income totaled ¥268.61 per share, compared to EPS of ¥257.15 in the prior year.

Normalized net income was ¥212.06 billion, a gain from ¥204.47 billion in the prior year.

Full-year total revenue totaled ¥4.527 trillion, compared with ¥4.525 trillion in the prior year, and total operating expenses came to ¥4.194 trillion, compared with ¥4.205 trillion in the year-earlier period.

The company said reported net income rose on an annual basis to ¥257.62 billion, or ¥326.32 per share, in the full year, from ¥244.25 billion, or ¥307.18 per share.

As of June 20, US$1 was equivalent to ¥111.69.