Growth in Overseas Markets and Enhanced Regional Presence

「Revenue in North America was ¥2,025.1 billion, up ¥162.0 billion, or 8.7%, year on year, due to increased vehicle sales. Operating profit was ¥132.3 billion, up ¥34.3 billion, or 34.9%, despite the impact of US tariffs, due to streamlining efforts and the recovery of one-time costs.」

「Revenue in North America was ¥973.0 billion, up ¥48.7 billion, or 5.3%, from the same interim period of the previous year, driven by expanded sales of electrification products. Operating profit was ¥56.9 billion, up ¥20.5 billion, or 56.2%, despite the impact of tariffs, due to streamlining efforts. Revenue in Asia was ¥952.1 billion, up ¥14.2 billion, or 1.5%, from the same interim period of the previous year, due to increased vehicle sales by Japanese customers. Operating profit was ¥95.9 billion, up ¥19.2 billion, or 25.1%, due to streamlining efforts and operating leverage.」

「In North America, improved product mix from expanded sales of electrification, safety and security products resulted in revenue of ¥1,863.2 billion, up ¥96.1 billion, or 5.4%, year on year. Despite unfavorable production-volume effects, operating profit rose to ¥98.1 billion, up ¥43.5 billion, or 79.8%, due to rationalization efforts. In Europe, weak vehicle sales resulted in revenue of ¥718.7 billion, down ¥62.7 billion, or 8.0%, and operating profit of ¥8.7 billion, down ¥22.3 billion, or 72.1%, due to unfavorable production-volume effects and restructuring costs despite rationalization efforts. In Asia, weak vehicle sales resulted in revenue of ¥1,940.1 billion, down ¥44.9 billion, or 2.3%, and operating profit of ¥169.5 billion, down ¥15.0 billion, or 8.1%, due to unfavorable production-volume effects despite rationalization efforts.」

「In Japan, revenue declined to ¥2,030.5 billion, down ¥30.7 billion, or 1.5%, year on year, due to vehicle production cuts resulting from operating stoppages at Japanese customers. Despite unfavorable production-volume effects, operating profit was ¥116.6 billion, up ¥31.4 billion, or 36.8%, due mainly to rationalization efforts and other factors.」

「By segment, revenue increased year on year in each region due to the easing of the semiconductor shortage and strong vehicle sales centered on Japan and North America. Operating profit increased in each region except Japan due to the favorable impact of higher production volumes and efforts to improve profitability, while Japan incurred provisions for quality-related costs.」

「By segment, revenue increased year on year in each region due mainly to strong vehicle sales centered on Japan and North America, despite the negative impact of weak sales of Japanese, European and U.S. vehicles in China. Operating profit increased year on year in each region except Japan, which incurred higher material costs, primarily for electronic components, and quality-related provisions, due to the favorable impact of higher production volumes and global efforts to improve profitability.」

「By segment, revenue increased year on year in all regions due to the recovery in vehicle production as the semiconductor shortage eased and expanded sales. Operating profit increased year on year in all regions except Japan and Other regions, where higher material and energy costs and quality-related provisions were one-off factors, as production-volume effects and global efforts to improve profitability supported earnings.」

「By segment, revenue increased year on year in all regions due to the recovery in vehicle production, expanded sales and the favorable impact of a weaker yen. In Japan, despite production cuts caused by the semiconductor shortage, revenue increased to ¥2,691.7 billion, up ¥101.6 billion, or 3.9%, year on year, due partly to the weaker yen. Operating profit was ¥146.7 billion, up ¥2.6 billion, or 1.8%, as costs were reduced and price pass-through progressed in response to worsening conditions. In North America, revenue increased to ¥1,082.2 billion, up ¥239.6 billion, or 28.4%, but the region posted an operating loss of ¥15.0 billion, compared with an operating loss of ¥1.9 billion in the same period of the previous year, due largely to higher logistics and material costs despite rationalization efforts.」

「By segment, revenue increased year on year in all regions due to the recovery in vehicle production, expanded sales and the favorable impact of a weaker yen. Although efforts to improve profitability, including rationalization and greater flexibility in responding to changes in production volumes, progressed globally, operating profit declined year on year in North America and Europe due to worsening external conditions, including higher material and logistics costs, and higher labor costs.」

「By segment, revenue increased year on year in all regions except Japan, which was particularly affected by vehicle production cuts due to the semiconductor shortage and other factors. Despite global efforts to improve profitability and gains from currency movements, operating profit declined year on year in all regions except Europe and Other regions due to worsening external conditions and other factors.」

「By segment, although all regions were recently affected by vehicle production cuts, revenue increased year on year in all regions as the impact of COVID-19 subsided. Despite worsening external conditions and other factors, operating profit increased year on year in all regions except North America and Europe, as first-half production volumes improved and the benefits of business-structure reform efforts were realized globally.」

「Recovery from the impact of COVID-19 progressed, mainly during the first half, and revenue increased year on year in all regions.」

「By segment, revenue increased year on year in all regions as the impact of COVID-19 subsided, despite the impact of production cuts caused by the semiconductor shortage. Operating profit also increased in all regions as the benefits of efforts to reform the business structure were realized globally, in addition to the favorable impact of higher production volumes.」

「By segment, revenue and operating profit increased in all regions due to the recovery in vehicle production and sales.」

「Although revenue and operating profit declined in all regions during the first 9 months of the fiscal year, revenue and operating profit increased year on year in Japan, North America, Europe and Asia during the 3 months of the current quarter due to changes in the sales environment and rationalization efforts.」

「By segment, in Japan, although revenue increased due to the opening of the Hirose Plant and higher sales to TOYOTA MOTOR CORPORATION, revenue declined to ¥1,324.8 billion, down ¥301.3 billion, or 18.5%, year on year. The operating loss was ¥93.1 billion, compared with operating profit of ¥56.4 billion in the same period of the previous year, due to unfavorable production-volume effects caused by COVID-19 and quality-related costs.」

「Revenue declined sharply in all regions due to the impact of COVID-19. Revenue declined to ¥765.1 billion, down ¥559.0 billion, or 42.2%, year on year, due to lower vehicle sales.」

「In North America, market slowdown and currency movements resulted in revenue of ¥1,176.3 billion, down ¥36.1 billion, or 3.0%, year on year. Despite rationalization efforts, operating profit declined to ¥23.5 billion, down ¥6.1 billion, or 20.6%, due mainly to unfavorable production-volume effects and investment to increase production capacity. In Europe, the market slowdown resulted in revenue of ¥583.3 billion, down ¥69.2 billion, or 10.6%, and operating profit of ¥14.4 billion, down ¥8.5 billion, or 37.1%, due mainly to unfavorable production-volume effects and higher labor costs. In Asia, the market slowdown resulted in revenue of ¥1,278.5 billion, down ¥137.9 billion, or 9.7%, and operating profit of ¥103.3 billion, down ¥25.1 billion, or 19.6%, due mainly to unfavorable production-volume effects and other factors.」

「In Japan, increased sales, primarily to TOYOTA MOTOR CORPORATION, resulted in revenue of ¥2,432.6 billion, up ¥20.6 billion, or 0.9%, year on year. However, despite rationalization efforts, operating profit declined to ¥40.0 billion, down ¥57.8 billion, or 59.1%, due mainly to currency movements and provisions for quality-related costs. In North America, although expanded sales increased volumes, currency movements resulted in revenue of ¥885.3 billion, down ¥18.7 billion, or 2.1%, while operating profit declined to ¥17.3 billion, down ¥4.9 billion, or 22.1%, due mainly to higher advance development costs and investment to increase production capacity for new electrification products.」

「By segment, in Japan, increased sales, primarily to TOYOTA MOTOR CORPORATION, resulted in revenue of ¥1,626.0 billion, up ¥52.8 billion, or 3.4%, year on year. Operating profit rose to ¥56.4 billion, up ¥3.1 billion, or 5.9%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In North America, despite higher vehicle production and expanded sales, currency movements resulted in revenue of ¥603.5 billion, down ¥0.6 billion, or 0.1%, while operating profit declined to ¥11.2 billion, down ¥4.3 billion, or 27.6%, due mainly to higher advance development costs and investment to increase production capacity for new electrification products. In Europe, the market slowdown resulted in revenue of ¥295.0 billion, down ¥37.5 billion, or 11.3%, and operating profit of ¥6.3 billion, down ¥3.2 billion, or 33.9%, due mainly to unfavorable production-volume effects and currency movements. In Asia, the market slowdown resulted in revenue of ¥660.0 billion, down ¥58.1 billion, or 8.1%, and operating profit of ¥50.4 billion, down ¥17.4 billion, or 25.7%, due mainly to unfavorable production-volume effects and currency movements.」

「In North America, higher vehicle production and expanded sales resulted in revenue of ¥315.4 billion, up ¥4.5 billion, or 1.4%, year on year. Operating profit declined to ¥8.2 billion, down ¥3.5 billion, or 29.8%, due mainly to higher advance development costs and investment to increase production capacity for new electrification products. In Europe, the market slowdown resulted in revenue of ¥158.7 billion, down ¥23.3 billion, or 12.8%, and operating profit of ¥3.2 billion, down ¥3.8 billion, or 53.9%, due mainly to unfavorable production-volume effects and currency movements, despite rationalization efforts.」

「Regarding operating results for the fiscal year, although the market showed signs of slowing in Europe and China, higher global vehicle production, expanded sales and the impact of DENSO TEN Limited, which became a consolidated subsidiary in November of the year before last, resulted in revenue of ¥5,362.8 billion, up ¥254.5 billion, or 5.0%, year on year.」

「In the first 9 months of the fiscal year, although Europe and China were affected by the recent market slowdown, global increases in vehicle production and expanded sales, as well as the impact of DENSO TEN Limited, which became a consolidated subsidiary in November of the year before last, resulted in revenue of ¥3,979.7 billion, up ¥280.6 billion, or 7.6%, year on year.」

「In North America, expanded sales and other factors resulted in revenue of ¥604.1 billion, up ¥56.0 billion, or 10.2%, year on year. Despite rationalization efforts, operating profit declined to ¥15.5 billion, down ¥5.3 billion, or 25.5%, due mainly to higher advance development costs and investment to increase production capacity. In Europe, revenue rose to ¥332.4 billion, up ¥22.5 billion, or 7.3%, and operating profit rose to ¥9.6 billion, up ¥0.7 billion, or 8.0%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In Asia, higher vehicle production resulted in revenue of ¥718.1 billion, up ¥98.9 billion, or 16.0%, and operating profit of ¥67.8 billion, up ¥5.0 billion, or 8.0%, due mainly to the favorable impact of higher production volumes and rationalization efforts.」

「In North America, higher vehicle production and expanded sales resulted in revenue of ¥310.9 billion, up ¥29.8 billion, or 10.6%, year on year. Despite rationalization efforts, operating profit declined to ¥11.6 billion, down ¥5.3 billion, or 31.4%, due mainly to higher advance development costs, timing differences in cost recovery, and investment to increase production capacity. In Europe, higher vehicle production resulted in revenue of ¥182.0 billion, up ¥22.4 billion, or 14.0%, and operating profit of ¥7.0 billion, up ¥1.2 billion, or 20.5%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In Asia, higher vehicle production resulted in revenue of ¥358.1 billion, up ¥58.5 billion, or 19.5%, and operating profit of ¥33.7 billion, up ¥5.2 billion, or 18.2%, due mainly to the favorable impact of higher production volumes and rationalization efforts.」

「In North America, expanded sales and other factors resulted in revenue of ¥1,156.3 billion, up ¥79.0 billion, or 7.3%, year on year, while operating profit declined to ¥42.5 billion, down ¥17.4 billion, or 29.1%, due mainly to higher depreciation and amortization. In Europe, higher vehicle production and expanded sales resulted in revenue of ¥662.3 billion, up ¥85.1 billion, or 14.7%, and operating profit of ¥20.1 billion, down ¥0.1 billion, or 0.5%. In Asia, higher vehicle production and expanded sales resulted in revenue of ¥1,322.8 billion, up ¥183.5 billion, or 16.1%, and operating profit of ¥136.7 billion, up ¥24.0 billion, or 21.3%.」

「In North America, expanded sales and other factors resulted in revenue of ¥840.2 billion, up ¥58.6 billion, or 7.5%, year on year, while operating profit declined to ¥31.2 billion, down ¥12.3 billion, or 28.3%, due mainly to higher depreciation and amortization. In Europe, higher vehicle production and expanded sales resulted in revenue of ¥476.8 billion, up ¥59.9 billion, or 14.4%, while operating profit declined to ¥14.0 billion, down ¥0.3 billion, or 1.9%, due mainly to higher depreciation and amortization. In Asia, higher vehicle production and expanded sales resulted in revenue of ¥973.9 billion, up ¥134.1 billion, or 16.0%, and operating profit of ¥100.6 billion, up ¥20.1 billion, or 25.0%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In Other regions, revenue rose to ¥61.5 billion, up ¥14.6 billion, or 31.2%, and operating profit rose to ¥11.3 billion, up ¥7.2 billion.」

「In North America, expanded sales and other factors resulted in revenue of ¥548.1 billion, up ¥31.5 billion, or 6.1%, year on year, while operating profit declined to ¥20.8 billion, down ¥8.7 billion, or 29.5%, due mainly to higher depreciation and amortization. In Europe, higher vehicle production as the market gradually recovered resulted in revenue of ¥309.9 billion, up ¥29.7 billion, or 10.6%, while operating profit declined to ¥8.9 billion, down ¥0.5 billion, or 5.1%, due mainly to higher depreciation and amortization. In Asia, higher vehicle production and expanded sales resulted in revenue of ¥619.2 billion, up ¥79.9 billion, or 14.8%, and operating profit of ¥62.8 billion, up ¥16.7 billion, or 36.3%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In Other regions, revenue rose to ¥40.4 billion, up ¥10.0 billion, or 32.7%, and operating profit rose to ¥7.1 billion, up ¥5.3 billion.」

「In Japan, higher vehicle production resulted in revenue of ¥675.7 billion, up ¥59.2 billion, or 9.6%, year on year. Operating profit rose to ¥37.4 billion, up ¥23.2 billion, or 163.7%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In North America, despite economic uncertainty, expanded sales and other factors resulted in revenue of ¥281.0 billion, up ¥14.9 billion, or 5.6%, and operating profit of ¥17.0 billion, up ¥0.4 billion, or 2.3%. In Europe, higher vehicle production as the market gradually recovered resulted in revenue of ¥159.6 billion, up ¥5.1 billion, or 3.3%, while operating profit declined to ¥5.8 billion, down ¥1.0 billion, or 14.7%, due mainly to higher depreciation and amortization. In Asia, higher vehicle production resulted in revenue of ¥299.6 billion, up ¥21.5 billion, or 7.7%, and operating profit of ¥28.5 billion, up ¥4.0 billion, or 16.5%, due mainly to the favorable impact of higher production volumes and rationalization efforts. In Other regions, revenue rose to ¥19.1 billion, up ¥3.4 billion, or 21.9%, and operating profit rose to ¥3.3 billion, up ¥2.7 billion.」

「In North America, vehicle production increased on strong economic conditions, but a stronger yen resulted in revenue of ¥1,077.2 billion, down ¥35.5 billion, or 3.2%, year on year, while operating profit rose to ¥60.0 billion, up ¥12.3 billion, or 25.7%, due mainly to the favorable impact of higher production volumes. Operating profit was ¥20.2 billion in Europe, up ¥5.8 billion, or 39.9%, and ¥112.7 billion in Asia, up ¥16.2 billion, or 16.7%.」

「In North America, vehicle production increased and sales expanded on the back of strong economic conditions, but currency movements resulted in revenue of ¥781.6 billion, down ¥46.5 billion, or 5.6%, year on year, while operating profit rose to ¥43.4 billion, up ¥11.3 billion, or 35.1%, due mainly to the favorable impact of higher production volumes. In Europe, vehicle production increased and sales expanded as the market gradually recovered, but currency movements resulted in revenue of ¥416.9 billion, down ¥23.7 billion, or 5.4%, while operating profit rose to ¥14.3 billion, up ¥3.6 billion, or 33.5%, due mainly to the favorable impact of higher production volumes. In Asia, vehicle production increased and sales expanded, but currency movements resulted in revenue of ¥839.8 billion, down ¥43.2 billion, or 4.9%, while operating profit rose to ¥80.5 billion, up ¥7.1 billion, or 9.6%, due mainly to the favorable impact of higher production volumes.」

「In North America, vehicle production increased and sales expanded on the back of strong economic conditions, but currency movements resulted in revenue of ¥516.6 billion, down ¥40.4 billion, or 7.3%, year on year, while operating profit rose to ¥29.5 billion, up ¥4.6 billion, or 18.3%, due mainly to the favorable impact of higher production volumes. In Europe, vehicle production increased and sales expanded as the market gradually recovered, but currency movements resulted in revenue of ¥280.2 billion, down ¥15.2 billion, or 5.1%, while operating profit rose to ¥9.3 billion, up ¥3.2 billion, or 50.9%, due mainly to the favorable impact of higher production volumes. In Asia, vehicle production increased and sales expanded, but currency movements resulted in revenue of ¥539.3 billion, down ¥36.3 billion, or 6.3%, while operating profit rose to ¥46.1 billion, up ¥3.9 billion, or 9.1%, due mainly to the favorable impact of higher production volumes.」

「In North America, vehicle production increased and sales expanded on the back of strong economic conditions, but currency movements resulted in revenue of ¥266.2 billion, down ¥17.5 billion, or 6.2%, year on year, and operating profit of ¥16.6 billion, up ¥1.8 billion, or 12.5%, due mainly to the favorable impact of higher production volumes resulting from increased revenue. In Europe, higher vehicle production following a gradual market recovery and expanded sales resulted in revenue of ¥154.5 billion, up ¥2.0 billion, or 1.3%, and operating profit of ¥6.8 billion, up ¥2.6 billion, or 61.3%, due mainly to the favorable impact of higher production volumes resulting from increased revenue. In Asia, vehicle production increased and sales expanded, but currency movements resulted in revenue of ¥278.1 billion, down ¥7.1 billion, or 2.5%, and operating profit of ¥24.5 billion, up ¥3.2 billion, or 15.1%, due mainly to the favorable impact of higher production volumes resulting from increased revenue.」

「In the overseas markets business, the Company has begun full-scale implementation of its proprietary IoT system, which connects factories worldwide through a network, to strengthen competitiveness in overseas markets expected to continue expanding.」