DENSO Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	7,793,058	7,539,975	7,161,777	7,144,733	6,401,320	5,515,512
Revenue Growth	7.09%	5.28%	0.24%	11.61%	16.06%	11.72%
Cost of Revenue	6,635,252	6,370,364	6,058,910	6,054,780	5,490,176	4,714,024
Gross Profit	1,157,806	1,169,611	1,102,867	1,089,953	911,144	801,488
Selling, General & Admin	625,824	537,238	509,093	474,710	454,209	417,186
Other Operating Expenses	20,714	33,281	64,031	198,117	-3,951	-6,983
Operating Expenses	646,538	607,860	608,978	708,173	485,349	446,508
Operating Income	511,268	561,751	493,889	381,780	425,795	354,980
Interest Expense	-35,567	-19,123	-12,525	-14,279	-9,346	-4,699
Interest & Investment Income	82,460	80,867	84,988	76,449	50,202	40,111
Earnings From Equity Investments	17,822	12,369	8,999	16,866	-2,931	5,759
Currency Exchange Gain (Loss)	-1,657	1,422	-10,505	-17,693	-4,115	4,019
Other Non Operating Income (Expenses)	-	-4,436	-2,158	-3,038	-459	894
EBT Excluding Unusual Items	574,326	632,850	562,688	440,085	459,146	401,064
Gain (Loss) on Sale of Assets	-	-5,713	22,649	-2,571	2,764	-6,322
Asset Writedown	-	-9,846	-7,332	-	-1,240	-9,934
Legal Settlements	-	-	-	-1,277	-3,800	-
Pretax Income	574,326	617,291	578,005	436,237	456,870	384,808
Income Tax Expense	106,467	129,779	112,748	80,664	109,009	96,054
Earnings From Continuing Operations	467,859	487,512	465,257	355,573	347,861	288,754
Minority Interest in Earnings	-35,667	-43,757	-46,176	-42,782	-33,228	-24,853
Net Income	432,192	443,755	419,081	312,791	314,633	263,901
Preferred Dividends & Other Adjustments	-	120	-	-	-	-
Net Income to Common	432,192	443,635	419,081	312,791	314,633	263,901
Net Income Growth	20.19%	5.86%	33.98%	-0.58%	19.22%	111.03%
Shares Outstanding (Basic)	2,638	2,722	2,890	2,980	3,025	3,080
Shares Outstanding (Diluted)	2,638	2,722	2,890	2,980	3,025	3,080
Shares Change	-6.17%	-5.80%	-3.02%	-1.50%	-1.77%	-0.64%
EPS (Basic)	163.82	162.96	145.02	104.97	104.00	85.69
EPS (Diluted)	163.82	162.96	145.02	104.97	104.00	85.69
EPS Growth	28.08%	12.38%	38.15%	0.93%	21.37%	112.39%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	303,447	140,855	378,672	570,185	242,144	59,227
Free Cash Flow Per Share	115.02	51.74	131.03	191.35	80.04	19.23
Dividend Per Share	72.000	67.000	64.000	55.000	46.250	41.250
Dividend Growth	125.00%	4.69%	16.36%	18.92%	12.12%	17.86%
Gross Margin	14.86%	15.51%	15.40%	15.25%	14.23%	14.53%
Operating Margin	6.56%	7.45%	6.90%	5.34%	6.65%	6.44%
Profit Margin	5.55%	5.88%	5.85%	4.38%	4.92%	4.78%
Free Cash Flow Margin	3.89%	1.87%	5.29%	7.98%	3.78%	1.07%
EBITDA	893,868	939,825	870,482	756,049	790,430	701,506
EBITDA Margin	11.47%	12.46%	12.16%	10.58%	12.35%	12.72%
D&A For EBITDA	382,600	378,074	376,593	374,269	364,635	346,526
EBIT	511,268	561,751	493,889	381,780	425,795	354,980
EBIT Margin	6.56%	7.45%	6.90%	5.34%	6.65%	6.44%
Effective Tax Rate	18.54%	21.02%	19.51%	18.49%	23.86%	24.96%