Slide 1: FY2024 2nd Quarter Financial Results (2023/4-2023/9)
FY2024 2nd Quarter Financial Results (2023/4-2023/9) October 31st , 2023 DENSO CORPORATION © DENSO CORPORATION All Rights Reserved.
Slide 2: Overview of FY2024 2nd Quarter Financial Results
Overview of FY2024 2nd Quarter Financial Results 1. Revenue in the second quarter increased compared to the previous year due to the strong vehicle sales mainly in Japan and North America, foreign exchange gains and expansion of products for electrification, safety and peace of mind areas though dec
Slide 3: FY2024 2nd Quarter Consolidated Financial Results
FY2024 2nd Quarter Consolidated Financial Results (2023/4-2023/9） 【Unit : Billions of Yen、%】 (Ratio to Revenue) Items 2022/4-2023/9 2023/4-2023/9 Change Revenue 3,020.1 3,513.5 +493.4 +16.3% Operating Profit ( 5.1% ) 155.4 ( 6.0% ) 211.8 +56.4 +36.3% Profit before Income Taxes ( 5.7% ) 170.6 ( 7.0%
Slide 4: 2nd Quarter Consolidated Revenue (By Customer)
FY2024 2nd Quarter Consolidated Revenue (By Customer) (Unit: Billions of Yen) Revenue 3,020.1 ⇒ 3,513.5 (＋16.3%) [+13.8%] (vs 22/9 (6 months basis) INCR/DECR) ・Toyota group 1,514.3 ⇒ 1,836.0 (＋21.2%) [+19.9%] [vs 22/9 (6 months basis) INCR/DECR excluding FX diff.] ・Other OEMｓ 1,155.8 ⇒ 1,336.7 (＋15.
Slide 5: 2nd Quarter Consolidated Revenue (By Product)
FY2024 2nd Quarter Consolidated Revenue (By Product) (Unit: Billions of Yen) (vs 22/9 (6 months basis) 3,513.5 (+16.3%) [+13.8%] INCR/DECR) 95.2 Non-Automotive [vs 22/9 (6 months basis) 65.0 Business INCR/DECR excluding FX diff.] 3,020.1 207.1 Other Automotive 82.9 (+21.0%) [+18.3%] Advanced 61.4 60
Slide 6: Change in Consolidated Operating Profit
Change in FY2024 2nd Quarter Consolidated Operating Profit 【Unit : Billions of Yen】 Improvement ： +22.0 Expenses ： -20.0 Biz. Agility ： +20.0 Parts & material cost ：-41.5 Labor ： +2.5 Raw material cost ： -3.5 Depreciation： +2.5 Energy cost ： -1.5 Improvement & Business agility +9.5 211.8 enhancement
Slide 7: Geographical Segments by Company Location
Geographical Segments by Company Location 【Unit : Billions of Yen】 [Ratio to Revenue] Revenue Operating Profit 2,061.2 91.0 (5.2%) 85.2 86.2 22/9 22/9 (4.1%) (9.0%) 1,738.9 23/9 23/9 67.4 (7.0%) 954.1 960.9 811.0 14.0 715.0 13.1 (19.8%) 341.2 13.1 (3.8%) 11.4 321.9 (1.6%) 3.6 (21.3%) 70.8 (1.1%) 53.
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】 ＜Ratio to 24/3F＞ CAPEX Depreciation R&D (including asset accrual) ↑ 3-4Q ↓ 1-2Q 9.9% 10.0% 8.5% 9.0% 10.0% 7.6% 8.1% 8.0% 6.4% 6.5% 6.1% 5.7% 5.4% 5.9% 5.5% 560.0 5.2% 507.8 521.6 492.0 497.6 5.
Slide 9: Financial Forecast
FY2024 Financial Forecast 【Unit : Billions of Yen、%】 (Ratio to Revenue) Forecast as of 2024/3 Change from Change from Items June, 2023 Forecast Previous forecast Previous year Revenue 6700.0 7000.0 +300.0 +4.5% +598.7 +9.4% Operating Profit ( 9.0% ) 600.0 ( 9.0% ) 630.0 +30.0 +5.0% +203.9 +47.9% Pro
Slide 10: Change in FY2024 Forecast Operating Profit
Change in FY2024 Forecast Operating Profit 【Unit : Billions of Yen】 2Q： +23.0 (Diff. from previous forecast) 2half：+27.0 (+14.7)(+50.0) (+30.0) +131.6 +16.5 630.0 Expenses：-6.5 (-6.5) F/X rate +175.0 +3.5 426.1+18.5 -71.0 Fixed cost (-28.2) -29.0 -41.2 Production volume & Region mix Parts & material
Slide 11: Major Financial Indicator
Major Financial Indicator Revenue/Operating Profit/ ROE・ROIC・WACC Operating Profit Margin 【Unit : Billions of Yen】 9.0% *Change from previous forecast +0.4% 6.2% 6.7% 9.7% 3.1% 1.2% 7,000.0 8.4% 6,401.3 7.3% 5,515.5 6.4% 6.3% 6.4% 5,153.5 4,936.7 6.1% 7.1% 6.2% 6.1% 5.3% 3.4% 1.9% 2.9% 426.1 630.0 1
Slide 12: Annual dividend
Annual dividend 24/3F : 52 yen (Change from the previous announcement +2 yen) *Pre-stock conversion : 208 yen ＜Stock split conversion＞ 3.2 % 3.2 % 3.1 % 3.0 % 52.00 (Yen) DOE 46.25 41.25 3 Yearly 35.00 27.00 23.75 21.25 Year-end 17.50 25.00 20.00 22.50 Interim 17.50 21/3 22/3 23/3 24/3 (F) Financial
Slide 13: DENSO: Crafting the Core
DENSO Crafting the Core