Recently, the Japanese parts supplier Denso Group has announced the financial report for the first half of 2011-2012 fiscal year (April 1, 2011 to September 30, 2011). The report shows that the first half of the fiscal year's net sales of electrical equipment to 1,091 billion yen (18.4 billion US dollars), down 11.4%; operating profit of 31.9 billion yen (4.16 billion US dollars), a year-on-year decrease of 74.4%; net income 233 Billion yen ($304 million), a year-on-year decrease of 75.2%.
Denso previously expected net sales for the entire fiscal year 2011-2012 to be 3,170 billion yen (41.4 billion U.S. dollars); operating income of 135 billion yen (1.8 billion U.S. dollars); net income of 98 billion yen (1.3 billion U.S. dollars) , Electrical installations are expected to cut sales to 3,160 billion yen (41.2 billion U.S. dollars).
Judging from the current global market for Denso, Denso's sales in Japan's domestic market decreased by 10.8% year-on-year to 9,635 billion yen (12.6 billion U.S. dollars); North American market sales decreased by 20.7% year-on-year to 217.5 billion yen (2.8 billion) (USD); European market sales increased by 2.6% year-on-year to JPY 198.7 billion (USD 2.6 billion); sales in other markets decreased by 1.9% year-on-year to JPY 30.4 billion (USD 400 million).
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Established on December 16, 1949, DENSO CORPORATION is a top supplier of components for the world's automotive systems. As of March 31, 2005, Denso Corporation installed 171 subsidiaries in 31 countries and regions around the world. Denso supplies a wide range of products and after-sales services, including automotive air-conditioning and heating systems, and electronic automation. Electronic control products, fuel management systems, radiators, spark plugs, instrument clusters, filters, industrial robots, telecommunications products, and information processing equipment.
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