EDITORIAL – Denso expects strong growth in sales and profit under ‘Long-term 2025 Plan’

Corporate developments

Leading Japanese supplier is intensifying focus on vehicle electrification, autonomous driving and connected car technologies to achieve sales of JPY7 trillion and operating profit of 10% by FY2025/26

Last month, Denso announced ‘Long-term Policy 2030’ and ‘Long-term Plan 2025,’ while announcing financial results for the second quarter and first half ended 30 September 2017. According to the Japanese supplier, while the Long-term Policy 2030 defines its business goals to achieve by the end of the next decade, the Long-term Plan set, the milestones to achieve these goals. In terms of financial performance, under its Long-term Plan 2025, Denso aims to generate revenue of JPY7 trillion by FY2025/26, an increase of 55% in next nine years compared with JPY4.5 trillion in FY2016/17. In terms of profitability, the Japanese supplier is targeting an operating profit margin of 10% by FY2016/17over 7.4% in FY 2016/17.

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