DENSO announces its latest fiscal year results

Japanese auto parts manufacturer DENSO has released its results for the fiscal year ending March 31, 2024. The company's full-year revenue reached 7,144.7 billion yen (about $45.7 billion), an increase of 11.6% from 6,401.3 billion yen in the previous fiscal year. However, despite the increase in revenue, the company's operating profit fell from 426.1 billion yen in the previous fiscal year to 380.6 billion yen, a decrease of 10.7%. Net profit attributable to the company's owners also fell slightly, from 314.6 billion yen to 312.8 billion yen.