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DENSO (6902) investor relations material
DENSO Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue rose 9.1% year-over-year in the first quarter to ¥1,913.9 billion, driven by higher vehicle sales and demand in electrification and intelligence fields.
Operating profit declined 21.5% year-over-year to ¥84.2 billion due to increased parts/material costs and higher investments for future growth, despite a weaker yen.
Profit attributable to owners of the parent decreased 14.4% year-over-year to ¥67.9 billion.
Financial highlights
Q1 revenue: ¥1,913.9B (+9.1% YoY); operating profit: ¥84.2B (–21.5% YoY); net profit: ¥67.9B (–14.4% YoY); profit before income taxes: ¥112.6B (–19.7% YoY).
Basic EPS: ¥25.51 (down from ¥28.50 YoY).
Comprehensive income: ¥36.3B (down from ¥54.4B YoY).
Operating profit margin fell to 4.4% from 6.1% YoY.
Foreign exchange rates contributed positively, with JPY weakening against USD, EUR, and CNY.
Outlook and guidance
FY2027 revenue forecast: ¥7,750.0B (+2.8% YoY); operating profit forecast: ¥500.0B (–9.5% YoY); profit attributable to owners forecast at ¥382.0B (–13.9% YoY); basic EPS forecast at ¥150.08.
Operating profit guidance unchanged, with cost increases offset by FX gains and business improvements.
ROE expected at 7.2% for FY2027.
Assumed exchange rates for Q2 onward: 1 USD = 153 yen, 1 EUR = 180 yen.
- Revenue and profit grew, but FY2027 outlook is cautious with lower profit expected amid higher investments and risks.6902
Q4 2026 - CORE 2030 aims for over 8 trillion yen sales by 2030, led by electrification and new domains.6902
Investor presentation - Revenue up 3.9% year-over-year, but operating profit down 6.4% on higher costs and tariffs.6902
Q3 2026 - Revenue up 3.3% YoY, but operating profit down 15.8% on quality costs and tariffs.6902
Q2 2026 - Revenue steady, profit down 11% on tariffs and FX; guidance raised, buybacks ongoing.6902
Q1 2026 - Operating profit rose 18.6% despite lower revenue, with higher dividends and share buyback.6902
Q2 2025 - Revenue and profit rose, but comprehensive income dropped sharply on investment losses.6902
Q1 2025 - Operating profit and margins improved on cost control and FX gains; FY2026 profit growth expected.6902
Q4 2025 - Operating profit soared 68.3% year-over-year despite a 1.2% revenue decline.6902
Q3 2025
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