Denso cuts sales forecast for 2011-2012

The Denso Group has announced that it will reduce its sales and profit expectations for its fiscal year 2011-2012 (April 1, 2011 to March 31, 2012).

Earlier, Denso forecasted sales of 3.16 billion yen in 2011-2012 fiscal year, operating profit of 135 billion yen, EBITDA of 145 billion yen, and net profit of 98 billion yen.

Date Denki expects sales for the fiscal year 2011-2012 to be 3.11 trillion yen, operating profit of 135 billion yen (consistent with previous expectations), EBIT of 142.8 billion yen, and net profit of 82 billion days. yuan.

Denso downgraded its sales and profit estimates for the 2011-2012 fiscal year, mainly due to the year-on-year decline in sales and profits for the first three quarters of fiscal 2011-2012, and the decline in sales and profits in the first three quarters of the year and the earthquake in Japan. The factors such as the flooding in Thailand and the strengthening of the yen are directly related.