denso corp (6902:Tokyo Stock Exchange)
denso corp (6902) Snapshot
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Denso Corporation engages in the manufacture and sale of automotive technology, systems, and components worldwide. The company’s Thermal Systems segment provides air conditioning systems for cars and buses, radiators, cooling fans, inter coolers, oil coolers, engine cooling modules, and reserve tanks, as well as, construction equipment, truck refrigeration units, and air purifiers. Its Powertrain Control Systems segment offers engine control components, system control components, diesel injection products, and gasoline injection products. The company’s Information and Safety Systems segment provides body electronics components, such as instrument clusters, integrated climate control panels, smart keys, remote keyless entry controllers, rear and corner sonars, car security systems, and body ECUs; car navigation systems, electronic toll collection on-board equipment, and data communication modules; and driving assist and safety products. Its Electric Systems segment offers starters, alternators, inverters, DC-DC converters, battery monitoring units, sensors, and ECUs for electric power steering systems. Denso’s Electronic Systems segment provides engine, transmission, and power management ECUs; and semiconductor sensors, integrated circuits, and power modules. Its Small Motors segment offers windshield wiper systems, windshield washer systems, power window motors, power seat motors, power sliding door motors, power steering motors, motors for engine control systems, and other automotive motors. The company’s Industrial Systems and Consumer Products segment provides bar code handy scanners and handy terminals, scanners and handy terminals, IC card readers/writers, and radio frequency-identification systems; industrial robots and programmable controllers; cooling units for electronic device, kerosene heat pumps, spot coolers, and heaters; and CO2 refrigerant heat-pump water heaters and automatic faucets. Denso was founded in 1949 and is headquartered in Kariya, Japan.
denso corp (6902) Key Developments
Denso Corp. reported consolidated earnings results for fiscal year ended March 31, 2013. For the period, net sales totaled JPY 3,580.9 billion, a 13.5 % increase from the previous year. Operating income totaled JPY 262.4 billion, a 63.2 % increase from the previous year. Net income totaled JPY 181.7 billion, a 103.5 % increase from the previous year. The recovery of Japan's car production and strong car production in both North America and Asia and Oceania resulted in an increase in sales and income. The company provided earnings guidance for the half year and full year ending March 31, 2014. For the half year, net sales are expected to be JPY 1,883.0 billion. Operating income expected to be JPY 128.0 billion. Income before income taxes and minority interests are expected to be JPY 137.0 billion. Net income is expected to be JPY 87.0 billion. For the full year, net sales are expected to be JRY 3,800.0 billion. Operating income was expected to be JPY 285.0 billion. Income before income taxes and minority interests were expected to be JPY 303.0 billion. Net income was expected to be JPY 194.0 billion.
Denso Corp. announced that they will report fiscal year 2013 results at 11:20 AM, Tokyo Standard Time on Apr 26, 2013
Denso Corp. announced that it has signed a licensing agreement for its Super Junction Metal-Oxide-Semiconductor (SJ MOS) transistor manufacturing technology, with Tokyo-based New Japan Radio Co. Ltd. - a company that manufactures semiconductors and electronic components. DENSO's new technology realizes a power semiconductor device with the world's lowest level of on-resistance, which results in an improvement in efficiency and a smaller power device. Developed with DENSO's own technology, the new SJ MOS transistor can be used to increase the energy efficiency of personal computer AC adapters, servers, in-vehicle power converters, and other devices, while also making them smaller in size. Also, the new transistor involves fewer fabrication steps than those made by conventional SJ MOS fabrication technologies, which reduces the manufacturing cost.
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Industry Analysis
6902
Industry Average
| Valuation | 6902 | Industry Range |
| Price/Earnings | 17.9x |
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| Price/Sales | 0.9x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 18.3x |
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| TEV/Sales | 0.6x |
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