DENSO posts sales, income gains
DENSO Corp. posted net sales of $8 billion during its first quarter, which ended on June 30. Its net income was $546.3 million.
The sales total represents a 15% increase over the first quarter of 2006; the income total represents a gain of the same percentage.
"Sales growth was mainly due to the increase in overseas car production for Japanese auto manufacturers," says Koji Kobayashi, senior marketing director for DENSO.
DENSO officials say that sales expansion to Ford Motor Co. and several other auto manufacturers in North America led to an increase in sales to $1.8 billion, a 17% jump over sales during the first quarter of 2006.