Denso Corporation: Notice Concerning Revisions to Consolidated Full-Year Financial Results Forecast

Based on recent business performance trends and other factors, DENSO CORPORATION (the “Company”) hereby announces that the Company has revised the consolidated full-year financial results forecast announced on July 31, 2024, as follows.
1.     Revisions to consolidated full-year financial results forecast for the current fiscal year (From April 1, 2024 to March 31, 2025)
    Revenue   Operating profit   Profit before income taxes   Profit for the year Profit attributable to owners of the parent company   Basic earnings per share
Previously announced forecasts (A) Millions of yen 7,330,000 Millions of yen 692,000 Millions of yen 745,000 Millions of yen 578,000 Millions of yen 525,000 Yen 180.36
  Revised forecasts (B)   7,020,000   550,000   609,000   476,000   437,000   152.49
  Change (B-A)   (310,000)   (142,000)   (136,000)   (102,000)   (88,000)  
  Change (%)   (4.2%)   (20.5%)   (18.3%)   (17.6%)   (16.8%)  
(Reference) Actual consolidated results for the previous fiscal year (Fiscal year ended March 31, 2024)     7,144,733     380,599     436,237     355,573     312,791     104.97
2.     Reason for revision
The full-year forecast for the fiscal year ending March 31, 2025, due to reflecting financial results in the second quarter and lower vehicle production volumes due to slow vehicle sales in the second half, the Company revises revenue, operating profit, profit before income taxes, profit for the year and profit attributable to owners of the parent company.
From the second half onward, the exchange rate assumptions are 1 USD = 145 yen. 1EUR= 155 yen.
The above includes future forecasts based on information currently available. Actual results may differ materially from these forecasts due to changes in business operations, exchange rate fluctuations, and other internal and external factors.
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DENSO CORPORATION
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