DENSO achieved sales growth during first quarter
DENSO Corp. posted consolidated net sales of $7.4 billion for the first quarter, a 13.6% increase over 1Q 2005 results.
DENSO's operating income totaled $717.4 million, a 16% increase from the first quarter of 2005, and its 1Q 2006 consolidated net income totaled $508.7 million, a 62.5% increase.
Combined sales in North America, Central America and South America totaled $1.7 billion, an 18.9% increase over the first quarter of 2005.
"The increase was led by increased sales to auto manufacturers such as Toyota and General Motors," say DENSO officials.