DENSO News Release - DENSO Announces First -quarter Financial Results

     DENSO News Release - DENSO Announces First -quarter Financial Results
         NEWS RELEASE



     == For Immediate Release ==

 July 28, 2017



   Contact: Bridgette LaRose

 DENSO International America, Inc.

 Phone: (248) 372-8266

 bridgette_larose@denso-diam.com



 = DENSO Announces First -quarter Financial Results =



 KARIYA (Japan) ―DENSO Corporation today announced its global financial
results for the first quarter ending June 30, 2017 for fiscal year ending
March 31, 2018:



 ï???¬         Consolidated revenue totaled 1,164.9 billion yen (US$10.4
billion), a 6.6 percent increase from the previous year.

 ï???¬         Consolidated operating profit totaled 93.2 billion yen
(US$831.8 million), a 38.6 percent increase from the previous year.

 ï???¬         Consolidated profit attributable to owners of the parent
company totaled 76.7 billion yen (US$684.8 million), a 66.3 percent
increase from the previous year.



 "DENSO’s revenue increased by the increase of car production and sales
expansion as well as operating profit due to the production volume increase
and cost reduction efforts.�?? said Yasushi Matsui, executive director of
DENSO Corporation.



 In Japan, the increase of car production led to an increase in revenue to
675.7 billion yen (US$6.0 billion), a 9.6 percent increase from the
previous year. As a result of the increase in production volume and cost
reduction efforts, the operating profit totaled 37.4 billion yen (US$333.5
million), a 163.8 percent increase from the previous year.



 In North America, despite of an unpredictable economy, the increase of car
production led to an increase in revenue to 281.0 billion yen (US$2.5
billion), a 5.6 percent increase from the previous year. As a result, the
operating profit totaled 17.0 billion yen (US$151.5 million), a 2.3 percent
increase from the previous year.



 In Europe, the increase of car production by the moderate recovery of the
market led to an increase in revenue to 159.6 billion yen (US$1.4 billion),
a 3.3 percent increase from the previous year. On the other hand, due to
depreciation increase, operating profit decreased to 5.8 billion yen
(US$52.1 million), a 14.7 percent decrease from the previous year.


 In Asia, increase of car production and sales expansion, a revenue
increase to 299.6 billion yen (US$2.7 billion), a 7.7 percent increase from
the previous year. As a result of the increase in production volume, an
operating profit totaled 28.5 billion yen (US$254.5 million), a 16.5
percent increase from the previous year.



 In other areas, mainly the South American region, including Brazil and
Argentina, revenue totaled 19.1 billion yen (US$170.8 million), a 21.9
percent increase from the previous year. The operating profit totaled 3.3
billion yen (US$29.9 million).



 “Considering the latest movement in the foreign exchange markets and
increase of car production, we have revised up our financial result
forecasts for the first-half and full-year,�?? said Matsui.

 (Foreign exchange rates used for the first-half financial result forecast
are US$= 111yen Euro=121 yen, and for the full-year are US$= 110 yen, Euro=
121 yen)



 Forecast for Fiscal Year Ending March 31, 2018



   First-Half Forecast (Revised)

   Full-Year Forecast (Revised)

   Changes from Previous FY

     Revenue

   2,330.0 billion yen

 [US$20.8 billion]

   4,740.0 billion yen

 [US$42.3 billion]

   +212.9 billion yen

 (+4.7 percent)

     Operating profit

   161.0 billion yen

 [US$1.4 billion]

   353.0 billion yen

 [US$3.2 billion]

   +22.4 billion yen

 (+6.8 percent)

     Profit before income taxes

   179.0 billion yen

 [US$1.6 billion]

   388.0 billion yen

 [US$3.5 billion]

   +27.1 billion yen

 (+7.5 percent)

     Profit attributable to owners of the parent company

   123.0 billion yen

 [US$1.1 billion]

   280.0 billion yen

 [US$2.5 billion]

   +22.4 billion yen

 (+8.7 percent)



 About DENSO in North America

 DENSO is a leading global automotive supplier of advanced technology,
systems and components in the areas of thermal, powertrain control,
electronics and information and safety. With its North American
headquarters located in Southfield, Michigan, DENSO employs more than
23,000 people at 30 consolidated companies and affiliates across the North
American region. Of these, 28 are manufacturing facilities located in the
United States, Canada and Mexico. In the United States alone, DENSO employs
more than 17,000 people in Alabama, Arkansas, California, Iowa, Georgia,
Kentucky, Michigan, North Carolina, Ohio, Pennsylvania, South Carolina,
Tennessee and Texas. DENSO’s North American consolidated sales totaled
US$9.6 billion for the fiscal year ending March 31, 2017. For more
information, go to www.denso.com/us-ca/en <http://www.denso.com/us-ca/en>.
Connect with DENSO on Facebook at www.facebook.com/DENSOinNorthAmerica
<http://www.facebook.com/DENSOinNorthAmerica>.





 About DENSO Corporation

 DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a
leading global automotive supplier of advanced technology, systems and
components in the areas of thermal, powertrain control, electronics and
information and safety. Its customers include all the world's major
carmakers. Worldwide, the company has more than 200 subsidiaries and
affiliates in 38 countries and regions (including Japan) and employs more
than 150,000 people. Consolidated global sales for the fiscal year ending
March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0
percent of its global consolidated sales on research and development. DENSO
common stock is traded on the Tokyo and Nagoya stock exchanges. For more
information, go to www.denso.com, or visit our media website at
www.denso.com/global/en/news/media-center/
<http://www.denso.com/global/en/news/media-center/>



 (Notes)

 The above forecasts are created based on the information obtained by the
date of this announcement and the actual results may differ due to various
causes in the future.

 U.S. dollar amounts have been translated, for convenience only, at the
rate of 112.00 yen = US$1, the approximate exchange rate prevailing in the
Tokyo Foreign Exchange Market June 30, 2017. Billion is used in the
American sense of one thousand million.



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