Kariya (Japan)― DENSO Corporation today announced global financial results for the fiscal year ended March 31, 2007:

In North, Central and South America, sales expansion to Toyota, Honda and General Motors led to an increase in sales to 769.1 billion yen (US$6.5 billion), an 11.4 percent increase from the previous year. Operating income increased to 29.2 billion yen (US$247.3 million), an increase of 33.4 percent from the previous year. Increased production volume and cost reduction efforts lessened the impact of an increase in raw material costs.

In Europe, sales expansion to Toyota, Ford, Fiat and OPEL for cooling modules, diesel common rail injection systems, and air conditioning systems raised sales to 519.3 billion yen (US$4.4 billion), a 22.8 percent increase from the previous year. Operating income improved drastically from 1.6 billion yen (US$13.6 million) the previous year to 12.2 billion yen (US$103.3 million), due to increased production volume and cost reduction efforts in Hungary and the Czech Republic.

In Asia and Oceania, sales totaled 480.2 billion yen (US$4.1 billion), a 21.5 percent increase from the previous year, and operating income totaled 45.9 billion yen (US$388.8 million), a 25.1 percent increase from the previous year. In spite of a decrease in car production in ASEAN countries, strong car production in China and sales expansion in Thailand resulted in an increase in both sales and operating income.