- Denso’s forecasted operating income for the fiscal year is 675 billion yen, surpassing the market estimate of 649.08 billion yen.
- The predicted net income is 515 billion yen, which is higher than the estimated 504.29 billion yen.
- The company anticipates net sales of 7.05 trillion yen, which is slightly less than the expected 7.35 trillion yen.
- The forecasted dividend is 64 yen, lower than the estimated 69.13 yen.
- Operating income was down by 17% year-over-year at 117.39 billion yen, missing the estimate of 164.6 billion yen.
- Net income decreased by 22% year-over-year to 106.33 billion yen, below the expected 126.41 billion yen.
- Net sales increased by 4.7% year-over-year, reaching 1.87 trillion yen, exceeding the estimate of 1.83 trillion yen.
- Total net sales slightly grew by 0.2% year-over-year, totaling 7.16 trillion yen, above the estimated 7.12 trillion yen.
- Revenue in Japan increased by 1.2% year-over-year to 4.22 trillion yen, matching the estimate of 4.21 trillion yen.
- North America’s revenue grew by 5.4% year-over-year to 1.86 trillion yen, on par with the estimate.
- Europe’s revenue fell by 8% year-over-year to 718.67 billion yen, underneath the estimate of 736.27 billion yen.
- Asia’s revenue decreased by 2.3% year-over-year to 1.94 trillion yen, slightly below the estimate of 1.95 trillion yen.
- Revenue from other regions rose by 3.3% year-over-year to 119.01 billion yen, but still below the estimate of 122.24 billion yen.
- Yearly operating income saw a 36% increase year-over-year, totaling 518.95 billion yen, but falling short of the estimated 567.02 billion yen.
- Japan’s operating profit surged significantly to 220.55 billion yen from 85.18 billion yen year-over-year, albeit missing the estimate of 274.04 billion yen.
- North America’s operating profit grew by 80% year-over-year to 98.06 billion yen, close to the estimate of 99.83 billion yen.
- Operating profit in Europe fell drastically by 72% year-over-year to 8.65 billion yen, below the anticipated 10.15 billion yen.
- Asia’s operating profit declined by 8.1% year-over-year, ending at 169.46 billion yen, still slightly above the estimate of 167.98 billion yen.
- The operating profit in other regions dropped by 10% year-over-year to 22.27 billion yen, missing the estimate of 25.03 billion yen.
- There are 20 buy recommendations, 3 holds, and no sell recommendations for Denso.
Fourth Quarter Results
Year Results
Operating Income Details
Market Sentiment
Denso Corp on Smartkarma
Denso Corp has been under the analyst spotlight on Smartkarma, a platform where independent analysts publish their research. According to David Blennerhassett‘s insights, the key question for investors is whether Denso will meet the demands of the global auto market or face challenges alongside Toyota. The report also touches on Korea Zinc and Exedy Corp, highlighting potential impacts on these companies.
In another report by Travis Lundy, the focus is on the unfolding dynamics within the Toyota Group, particularly the significant unwinding of cross-holdings and buybacks exceeding trillions of yen. Denso’s lower guidance and substantial buyback program to counteract sales by Toyota Industries Corporation and others are noted, providing investors with valuable insights into the intricate details of these strategic moves.
A look at Denso Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Denso Corp, a key player in the manufacturing of electronic parts for automobiles, is positioned for a solid long-term outlook based on its Smartkarma Smart Scores. With impressive scores of 4 in Value, Dividend, and Growth, Denso Corp demonstrates strength in these key areas, indicating a promising future. Investors may find confidence in the company’s strong fundamentals and growth potential.
While boasting high scores in Value, Dividend, and Growth, Denso Corp shows slightly lower scores in Resilience and Momentum, with scores of 3 and 2 respectively. Despite this, the company’s overall outlook remains positive, highlighting its stability and potential for long-term growth in the competitive automotive industry. Denso Corp‘s diversified product offerings and focus on innovation position it well for sustained success in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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