DNO Balance Sheet - Denso Corp

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Price: 10.995 EUR 1.66% Market Closed

Market Cap: €32.8B

Financial profile · Q2 FY2027

A growing component supplier with uneven margins and working-capital-driven cash swings

DENSO's multi-year record combines expanding sales and operating profit with margins that move more sharply than revenue. Operating cash flow has generally covered capital spending, but working-capital movements make cash conversion uneven between periods.

What is developing

The latest quarter retained year-over-year revenue growth but showed a marked operating-margin contraction, while trailing operating income and free cash flow remained above their prior-year levels. This indicates a near-term squeeze without yet establishing a durable change in the broader financial pattern.

What matters next

Whether the next comparable quarter's operating margin stabilizes as parts and material costs are offset by productivity and production volume.

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Cash & Cash Equivalents	682.1B	754.3B	679.3B	576.1B	868.7B	756.5B	691.3B	789.4B	986.5B	1.2T
Cash Equivalents	682.1B	754.3B	679.3B	576.1B	868.7B	756.5B	691.3B	789.4B	986.5B	1.2T
Short-Term Investments	205.3B	180.2B	215.3B	142.9B	44.2B	129.1B	76.2B	72B	145.7B	45.7B
Total Receivables	876.5B	993.5B	1T	885.5B	1T	1.1T	1.3T	1.3T	1.2T	1.4T
Accounts Receivables	738.2B	820.8B	820.1B	706.3B	839.8B	937B	1.1T	1T	1T	1.2T
Other Receivables	138.2B	172.7B	188.9B	179.2B	189B	183.8B	203.5B	257.3B	209.2B	217.5B
Inventory	485.9B	550.3B	612.5B	651.7B	726.2B	1T	1.1T	1.2T	1.2T	1.3T
Other Current Assets	82.4B	85.5B	96.2B	90.2B	121.8B	130.3B	126.5B	574.1B	364.5B	170.9B
Total Current Assets	2.3T	2.6T	2.6T	2.3T	2.8T	3.2T	3.3T	3.9T	3.9T	4.1T
PP&E Net	1.5T	1.6T	1.7T	1.8T	1.9T	2T	2T	2.1T	2.1T	2.1T
PP&E Gross	1.5T	1.6T	1.7T	1.8T	1.9T	2T	2T	2.1T	2.1T	2.1T
Accumulated Depreciation	(3.2T)	(3.3T)	(3.5T)	(3.6T)	(3.8T)	(4.1T)	(4.4T)	(4.7T)	(4.9T)	(5.2T)
Intangible Assets	20.6B	65.8B	72.1B	82.6B	122.8B	131.5B	147B	171B	199.8B	248.6B
Goodwill	1.9B	11.2B	14.2B	13.8B	21.1B	24B	23.2B	28.8B	29.6B	68.3B
Long-Term Investments	1.2T	1.4T	1.3T	1.2T	1.8T	2T	1.8T	2.7T	1.7T	1.9T
Other Long-Term Assets	101.6B	112.9B	97.5B	178B	122.1B	174.9B	152.6B	189B	177.3B	216.8B
Other Assets	1.9B	11.2B	14.2B	13.8B	21.1B	24B	23.2B	28.8B	29.6B	68.3B
Total Assets	5.2T	5.8T	5.8T	5.7T	6.8T	7.4T	7.4T	9.1T	8.1T	8.7T
Accounts Payable	562.6B	584.2B	594.1B	560.6B	670B	753.6B	815.4B	813.7B	843.8B	822.5B
Short-Term Debt	81.6B	64.8B	106.7B	61.9B	51.1B	174.2B	155.5B	178.5B	107.4B	46.5B
Current Portion of Long-Term Debt	2.5B	105.2B	37.4B	73.6B	68B	111.2B	172.1B	172.8B	157.7B	203.6B
Other Current Liabilities	457.1B	536.1B	555.8B	727B	709.6B	663.5B	653.8B	1 000B	1T	911.6B
Total Current Liabilities	1.1T	1.3T	1.3T	1.4T	1.5T	1.7T	1.8T	2.2T	2.1T	2T
Long-Term Debt	266.1B	303.8B	406.2B	386.6B	791.6B	761.9B	616B	547B	473.5B	603.2B
Deferred Income Tax	78.2B	121.3B	42.4B	13.5B	102.1B	197.1B	151.5B	382.8B	116.2B	195.9B
Minority Interest	134.4B	176B	174.7B	161.7B	185.7B	190.2B	202.8B	211.5B	210.7B	223.2B
Other Liabilities	255.5B	274.7B	279.6B	269.8B	298.6B	281.1B	264.6B	252.1B	237B	231.7B
Total Liabilities	1.8T	2.2T	2.2T	2.3T	2.9T	3.1T	3T	3.6T	3.1T	3.2T
Common Stock	187.5B	187.5B	187.5B	187.5B	187.5B	187.5B	187.5B	187.5B	187.5B	187.5B
Retained Earnings	2.4T	2.7T	2.8T	2.8T	2.8T	3T	3.2T	3.5T	3.4T	3.9T
Additional Paid In Capital	266B	266B	268.8B	272.4B	272.5B	273.8B	273.7B	273.5B	275.8B	271.7B
Unrealized Security Profit/Loss	418.3B	499.7B	378.7B	273.6B	664.9B	788.5B	660B	1.3T	706.6B	855.1B
Treasury Stock	(31.2B)	(57.7B)	(56.8B)	(56.8B)	(56.8B)	(152.3B)	(252.3B)	(452.1B)	(189.4B)	(437.2B)
Other Equity	36.1B	28.7B	22.9B	(46.9B)	26.5B	184.3B	295.8B	773B	604.7B	693.3B
Total Equity	3.3T	3.6T	3.6T	3.4T	3.9T	4.3T	4.4T	5.5T	5T	5.5T
Total Liabilities & Equity	5.2T	5.8T	5.8T	5.7T	6.8T	7.4T	7.4T	9.1T	8.1T	8.7T
Common Shares Outstanding	785.9m	779.7m	774.9m	774.9m	3.1B	3.1B	3B	2.9B	2.8B	2.7B