DENSO achieves sales, income gains
Auto parts manufacturer DENSO Corp.'s net sales for its fiscal year (ended March 31) totaled $30.6 billion, a 13.2% increase over previous year levels.
DENSO's consolidated operating income totaled $2.6 billion, a 13.7% increase, and its consolidated net income rose to $1.7 billion, a 20.9% increase over fiscal year 2006 numbers.
"Favorable results are due to continued growth in domestic and overseas car production for Japanese auto manufacturers and sales expansion to non-Japanese auto manufacturers," says Koji Kobayashi, DENSO's managing officer.
In North, Central and South Americam "sales expansion to Toyota, Honda and General Motors led to an increase in sales to $6.5 billion."