Slide 1: FY2024 Financial Results (2023/4-2024/3)
FY2024 Financial Results (2023/4-2024/3) April 26th, 2024 DENSO CORPORATION © DENSO CORPORATION All Rights Reserved.
Slide 2: Overview of FY2024 Financial Results
Overview of FY2024 Financial Results 1. Revenue increased compared to the previous year due to strong vehicle sales mainly in Japan and North America, foreign exchange gains and the expansion of products for electrification, safety and Peace of Mind areas. Operating profit decreased compared to the
Slide 3: FY2024 Consolidated Financial Results (2023/4-2024/3)
FY2024 Consolidated Financial Results (2023/4-2024/3) 【Unit : Billions of Yen、%】 (Ratio to Revenue) 2022/4-2023/3 2023/4-2024/3 Change Revenue 6,401.3 7,144.7 +743.4 +11.6% Operating Profit (6.7%) 426.1 (5.3%) 380.6 -45.5 -10.7% Profit before Income Taxes (7.1%) 456.9 (6.1%) 436.2 -20.6 -4.5% Profit
Slide 4: Consolidated Revenue (By Customer)
FY2024 Consolidated Revenue (By Customer) (Unit: Billions of Yen) Revenue 6,401.3 ⇒ 7,144.7 (＋11.6%) [+8.8%] (vs 23/3 (12 months basis) INCR/DECR) ・Toyota group 3,224.2 ⇒ 3,720.3 (＋15.4%) [+13.6%] [vs 23/3 (12 months basis) INCR/DECR excluding FX diff.] ・Other OEMｓ 2,456.8 ⇒ 2,768.8 (＋12.7%) [+7.4%]
Slide 5: Consolidated Revenue (By Product)
FY2024 Consolidated Revenue (By Product) (Unit: Billions of Yen) (vs 23/3 (12 months basis) 7,144.7 (+11.6%) [+8.8%] INCR/DECR) 144.8 Non-Automotive [vs 23/3 (12 months basis) 143.1 Business INCR/DECR excluding FX diff.] 6,401.3 424.0 Other 176.5 Automotive 130.7 Advanced (+17.2%) [+13.6%] 361.6 1,2
Slide 6: Change in FY2024 Operating Profit
Change in FY2024 Operating Profit (Unit: Billions of Yen) Parts & material cost ：-85.0 Raw material cost ： -8.5 Improvement ： +75.0 Energy cost ：+2.5 Biz. Agility ： +83.0 Expenses ： -19.5 Labor ： +8.0 Depreciation： +1.5 Investment for human resources (Wage increase) +32.5 -201.5 +77.0 *including sup
Slide 7: Geographical Segments by Company Location
FY2024 Geographical Segments by Company Location 【Unit : Billions of Yen】 [Ratio to Revenue] Revenue Operating Profit 215.6 4,166.4 (5.8%) 23/3 177.7 23/3 3,705.8 158.3 (9.3%) 24/3 24/3 (8.2%) 1,911.3 1,648.5 1,931.7 85.2 1,504.1 (2.0%) 39.8 (23.1%) 48.4 29.5 715.3 (4.1%) 19.3 (2.9%) 685.6 17.5 (19.
Slide 8: Trend of Capital Expenditures, Depreciation and R&D Expenditures
Trend of Capital Expenditures, Depreciation and R&D Expenditures Ratio to Revenue【Unit : Billions of Yen】 ＜Costs to be paid in one lump sum by the customer＞ CAPEX Depreciation R&D (including asset accrual) 10.0% 9.0% 8.7% 10.0% 720 8.1% 7.7% 7.6% 640.0 8.0% 6.4% 6.5% 6.1% 620 5.7% 5.5% 5.5% 5.2% 5.1
Slide 9: FY2025 Financial Forecast
FY2025 Financial Forecast 【Unit : Billions of Yen、%】 (Ratio to Revenue) 2024/3 Actual 2025/3 Forecast Change Revenue 7,144.7 7,350.0 +205.3 +2.9% Operating Profit (5.3%) 380.6 (9.7%) 714.0 +333.4 +87.6% Profit before Income Taxes (6.1%) 436.2 (10.5%) 772.0 +335.8 +77.0% Profit (*) (4.4%) 312.8 (7.2%
Slide 10: Change in FY2025 Forecast Operating Profit
Change in FY2025 Forecast Operating Profit (Unit: Billions of Yen) Parts & material cost ：-27.5 Improvement ： +95.0 Raw material cost ： -2.0 Biz. Agility ： +79.0 Energy cost ：+2.5 +80.4 714.0 +174.0 +201.5 -30.5 -27.0 Production -35.0 volume F/X rate -30.0 380.6 Parts & material / Energy cost Fixed
Slide 11: Major Financial Indicator
Major Financial Indicator Revenue/Operating Profit/ ROE・ROIC Operating Profit Margin 【Unit : Billions of Yen】 9.7% 9.2% Shareholder’s 6.2% 6.7% 5.3% 8.2% equity cost 3.1% : 8.2% 7.3% 7,144.7 7,350.0 6.3% 6,401.3 6.4% : 7.3% WACC 5,515.5 4,936.7 6.1% 5.5% 5.3% 3.4% 2.9% [Ref.] Calculation formula of
Slide 12: Cash Flow
Cash Flow ・Increase in cash from the offering of 11 cross-shareholdings (including partial offering) (+85.6 billion yen*) Points ・In addition to capital expenditures(-391.6 billion yen)to expand growth areas, strategic investments(-116.6Billion yen)were made ■Trends of Consolidated Cash Flows ■Detai
Slide 13: Year-end Dividend
Year-end Dividend 24/3 : 55 yen (+3 yen from the previous announcement) 25/3 : 64 yen (interim 32 yen and year-end 32 yen) ＜Stock split conversion＞ 3.3 % 3.3 % 3.2 % 3.1 % (Yen) DOE 64.00 55.00 Yearly 46.25 41.25 32.00 3 30.00 23.75 Year-end 21.25 32.00 20.00 22.50 25.00 Interim 22/3 23/3 24/3 25/3
Slide 14: DENSO Crafting the Core
DENSO Crafting the Core