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DENSO (6902) investor relations material
DENSO Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased 3.9% year-over-year to ¥5,495.5 billion, driven by higher vehicle sales, price adjustments, and price reflection, despite yen appreciation.
Operating profit declined 6.4% year-over-year to ¥375.9 billion due to higher parts and material costs, tariffs, quality provisions, and increased R&D spending.
Net profit attributable to owners fell 12.5% to ¥273.7 billion.
Comprehensive income surged to ¥787.6 billion from ¥106.6 billion, mainly due to mark-to-market gains on investment securities.
Financial highlights
Revenue rose from ¥5,288.4 billion to ¥5,495.5 billion year-over-year.
Operating profit decreased from ¥401.6 billion (7.6% margin) to ¥375.9 billion (6.8% margin).
Net profit attributable to owners fell 12.5% to ¥273.7 billion.
Gross profit increased to ¥830.4 billion from ¥784.7 billion year-over-year.
Basic earnings per share dropped to ¥100.12 from ¥107.62 year-over-year.
Outlook and guidance
Full-year revenue forecast raised to ¥7,420.0 billion (+2.5% to 3.6% year-over-year).
Operating profit forecast set at ¥535.0 billion, down 17.8% from previous forecast.
Net profit forecast at ¥420.0 billion, down 15.4% year-over-year.
Basic EPS forecast for the year is ¥152.49.
Exchange rate assumptions for Q4: 1 USD = 155 yen, 1 EUR = 180 yen.
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