DENSO, a leading mobility supplier, today announced global financial results for its third quarter, ending December 31, 2023, for its 2024 fiscal year, ending March 31, 2024:
Consolidated revenue totaled 5,354.9 billion yen (US$37.8 billion), a 15.5 percent increase from the previous year.
Consolidated operating profit totaled 238.6 billion yen (US$1.7billion), a 11.0 percent decrease from the previous year.
Consolidated profit attributable to owners of the parent company totaled 175.6 billion yen(US$1.2billion), a 11.2 percent decrease from the previous year
“Revenue in the third quarter increased compared to the previous year due to the strong vehicle sales mainly in Japan and North America, foreign exchange gains and expansion of products for electrification, safety and peace of mind areas. Operating profit in the third quarter decreased compared to the previous year due to the continuing rise in the cost of materials, especially electronic components, and the adding provision for quality, though production volume, foreign exchange gains and improvement.” said Yasushi Matsui, CFO, Vice President and member of the Board of Directors of DENSO CORPORATION. “In this fiscal year, we forecast 7,120.0 billion yen (US$50.2 billion) in revenue and 495.0 billion yen (US$3.5 billion) in operating profit. Forecast of revenue will be based on actuals of foreign exchange gains in the third quarter and forecast in the fourth quarter. Forecast of operating profit will be based on the adding provision for quality.”
In Japan, revenue increased to 3,148.3 billion yen (US$22.2 billion), up 17.0% from the previous year, and operating profit was 22.4 billion yen (US$157.6 million), down 84.8% from the previous year.
In North America, revenue increased to 1,286.0 billion yen (US$9.1 billion), up 18.8% from the previous year, and operating profit was 27.5 billion yen (US$194.0 million) (Operating loss of 15.0 billion yen in the same quarter of the previous year).
In Europe, revenue increased to 570.4 billion yen (US$4.0 billion), up 16.2% from the previous year, and operating profit was 22.4 billion yen (US$157.9 million), up 145.6% from the previous year.
In Asia, revenue increased to 1,521.2 billion yen (US$10.7 billion), up 3.5% from the previous year and operating profit was 149.4 billion yen (US$1,053.6 million), up 31.6% from the previous year.
In other areas, revenue increased to 81.9 billion yen (US$0.6 billion), up 6.6% from the previous year, and operating profit was 15.1 billion yen (US$106.3 million), down 2.3% from the previous year.
The above forecasts are created based on information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 141.84 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on December 29, 2023. Billion is used in the American sense of one thousand million. Foreign exchange rates of the Forecast for Fiscal Year Ending March 31, 2024, as a precondition are US$= 143.7 yen, Euro= 155.2 yen, CNY=20.0 yen.
About DENSO CORPORATION
Globally headquartered in Kariya, Japan, DENSO is a $47.9 billion leading mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 200 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, among others, that change how the world moves. In developing such solutions, the company’s 165,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2023. For more information about DENSO’s operations worldwide, visit https://www.denso.com/global.
On January 30, 2024, PT Wintermar Offshore Marine Tbk (WINS:JK) entered a strategic venture through a 49% stake in SAVWIN Sdn Bhd with a Brunei-based partner.
Through this partnership, Wintermar will have an advantage in tendering for longer term contracts in Brunei which favour local content. Savwin Sdn Bhd will initially operate a Fast Multi-Purpose Supply Vessel which is currently on a long term contract in Brunei until 2027. This initiative signifies our strategic expansion to enhancing our maritime service offerings and strengthening our local presence in Brunei’s maritime sector, where Wintermar has been operating since 2014.
Wintermar group’s 4Q2023 fleet utilization reached 74%, which was better than 70% recorded in 3Q2023. Total contracts on hand as at 31 December 2023 amounted to US$ 82 million.
About Wintermar Offshore Marine Group
Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.
Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd’s Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.
For further information, please contact: Ms. Pek Swan Layanto, CFA Investor Relations PT Wintermar Offshore Marine Tbk Tel: (62-21) 530 5201 Ext 401 Email: investor_relations@wintermar.com
SYDNEY, AU, Feb 2, 2024 – (ACN Newswire) – As the month of love unfolds, BLUETTI, a pioneer in portable power solutions, launches an extraordinary event starting February 2nd, offering innovative energy solutions tailored for both romantic home settings and adventurous outdoor escapades.
BLUETTI Home Backup Power Solutions: Reliable Standby Power
Elevate home resilience with BLUETTI’s modular power system such as the AC300+B300, AC500+B300S, and the all-in-one EP500 power station, which includes a 5100Wh battery and a robust 2000W inverter. The modular design of the AC300 and AC500 allows for easy expansion to meet evolving power needs. With a swift 20-millisecond switching time, these systems guarantee an uninterrupted power supply during blackouts. They are critical for homes in areas prone to natural disasters, such as Queensland, which is currently struggling with power outages caused by flooding.
BLUETTI Versatile Power Stations: Power Indoors and Out
Meet the AC180 and AC200MAX, outstanding powerhouse options for homeowners and adventurers alike. The AC180 boasts an impressive 1800W AC output and a 1186Wh capacity, perfect for weekend camping. The AC200MAX offers an expandable capacity ranging from 2048Wh to a maximum of 8192Wh with B300 expansion batteries. With 15 sockets and an efficient 1,400W dual charging capability, it ensures a seamless blend of power and versatility.
BLUETTI Portable Power Generators: Power On the Go
Experience the portable power of the EB70, which delivers 1,000W of continuous power for almost anything from freezers to phones and small induction cookers. It has a 716Wh battery and 10 versatile outlets. Connecting it to solar panels ensures a stable power supply anywhere. For those on the move, the compact EB3A, weighing only 4.6kg, pumps out 600W of AC power from its 268Wh battery. It can simultaneously charge 9 devices and swiftly recharges via 430W AC+solar dual recharging when needed.
About BLUETTI
From the very beginning, BLUETTI has tried to stay true to a sustainable future by offering affordable green energy storage solutions for both indoor and outdoor use.
With years of innovation and a caring commitment to the environment, BLUETTI has curated an extensive and reliable product portfolio tailored for adventures, emergency backup power, and off-grid living, making a tangible and positive impact on minimizing our carbon footprint for the greater world we share.
That’s why BLUETTI has become an industry leader that makes its presence in 100+ countries and is trusted by millions of customers across the globe.
In a significant move towards enhancing the financial solutions available to customers, ESAF Small Finance Bank today announced a bancassurance partnership with Edelweiss Tokio Life Insurance. This collaboration brings together two organisations dedicated to prioritizing customer needs and fostering a culture of growth and innovation. This partnership is an integral part of ESAF Small Finance Bank’s strategy to diversify its offerings and its dedication to extending financial security to a broader section of the unbanked and underbanked population.
Commenting on the collaboration, K. Paul Thomas, MD and CEO, ESAF Small Finance Bank said, “We are pleased to join hands with Edelweiss Tokio Life Insurance. This partnership aligns with our goal of providing our customers with a broad range of financial solutions. Together, we look forward to making a meaningful impact in the lives of our customers. By extending the reach of life insurance to underserved communities, we are taking a significant step towards inclusive financial security.”
Commenting on the partnership, Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance said, “Aligned with IRDAI’s vision of Insurance for all, we have been focused on deepening our distribution width to create easy customer accessibility across the country. We have a strong presence in South India, and our partnership with ESAF Small Finance Bank will enable us to cement our leadership in this region. We will collaborate with the Bank to improve our customer understanding in the region to bring innovative and relevant insurance solutions.”
The aim of this partnership is to widen the accessibility of innovative life insurance products, capitalizing on ESAF Small Finance Bank’s strong presence across rural markets in India. This alliance plays a pivotal role in Edelweiss Tokio Life’s comprehensive multi-channel distribution strategy, setting the stage for establishing new standards in customer-focused insurance services.
Acknowledging the dynamic shifts in customer aspirations, ESAF Small Finance Bank is dedicated to collaborating with Edelweiss Tokio Life. Together, they aim to provide pertinent solutions that address the distinct requirements of diverse customer segments.
Roche announces the official inauguration of its Digital Centre of Excellence in Pune, India, marking a significant milestone in its history in India. This strategic presence in Pune reflects Roche’s commitment to becoming a centre for digital talent and thought leadership.
Over the past three years, Roche has undertaken a transformative journey in Pune, earning recognition as a respected voice in the industry. This trajectory has positioned the new Digital Centre of Excellence in Pune as an excellent opportunity to harness the power of technology and digital transformation.
The new campus has been designed as an employee-centred experience and ecosystem zone, incorporating valuable learnings gained from post-pandemic workplace design. It is designed as an immersive experience, fostering an inclusive environment that promotes mental wellness. There are several wellness zones and areas for relaxation, along with the availability of mental wellness experts to support the well-being of Roche employees.
The 200,000-square-foot campus can accommodate nearly 1,300 professionals dedicated to developing cutting-edge solutions that harness the power of the latest technologies, such as data and analytics, cloud computing, artificial intelligence and machine learning. These innovative solutions further enhance Roche’s pioneering efforts in personalised healthcare.
Speaking on the occasion, Moritz Hartmann, Global Head of Roche Information Solutions, said, “The expansion of our campus In Pune reinforces our long-term commitment to India. Through harnessing the power of technology, we strive to create innovative digital healthcare solutions that offer actionable data-driven insights, advancing personalised healthcare and making a global impact on patient outcomes.
Egle Bronzini, Head of the Chapters in Roche Informatics, said: “Our presence in Pune enables us to leverage the exceptional talent pool in India, accelerating the digitisation of our internal value chain. It also facilitates seamless collaboration with Roche Information Solutions, ensuring our technology investments align closely with our business priorities.”
Raja Jamalamadaka – Managing Director, Roche Information Solutions India Pvt. Ltd. said, “The inauguration of our new Digital Centre of Excellence in Pune is a significant milestone for Roche in India. Establishing ourselves in Pune reflects our commitment to leading in digital expertise and thought leadership. We strongly believe this Centre will play a crucial role in advancing Roche’s digital initiatives and make a substantial contribution to the broader digital ecosystem in India.”
In a tasteful blend of craftsmanship and flavor, BeeYoung beer, is excited to unveil its latest campaign, “Binge with BeeYoung.” Collaborating with Artisan Meats, this culinary adventure promises to amaze the taste buds and elevate the enjoyment of each sip.
As part of this engaging campaign, four fortunate winners will savor a specially curated hamper, a symphony of taste featuring ‘European beer challenge Gold winner’ – BeeYoung beer’s pack of four craft beers and exclusive BeeYoung goodies. Complementing these delights are Artisan Meats’ premium products, including a special marinating batter and the finest quality meats, ensuring a gastronomic delight for the winners.
Adding to the excitement is the renowned chef, Ishtpreet Anand, curating an exclusive beer-battered chicken wings recipe. The collaborative reel guides viewers through creating a culinary masterpiece at home, blending the rich flavors of BeeYoung’s craft beer with the unparalleled quality of Artisan Meats’ products. This reel is not just a showcase but an invitation for enthusiasts to recreate and savor the delicious fusion of beer and meats.
Mr. Abhinav Jindal, Founder and CEO of Kimaya Himalayan Beverages, expressed enthusiasm for the partnership, stating, “Binge with BeeYoung is a celebration of craftsmanship and flavor. This fusion of BeeYoung, a crispy, malty and citrusy craft beer and Artisan Meats’ premium products will redefine the culinary experience for our consumers.”
Mr. Meherwan Bawa, Founder of Artisan Meats, shared his excitement, saying, “At Artisan Meats, we take pride in delivering the finest quality meats. The Binge with BeeYoung campaign allows us to showcase the versatility of our products when paired with BeeYoung’s craft beer. We are excited about the culinary possibilities this collaboration unlocks for food enthusiasts.”
Experience the fusion of exceptional craft beer and artisanal meats like never before. The Binge with BeeYoung collaboration promises an indulgence in exquisite tastes that will leave your palate craving for more.
Aviva Life Insurance, India’s most trusted private life insurance company, announced the launch of Aviva MidCap Fund (SFIN: ULIF03323/01/2024LIFEMIDCAP122) a pioneering addition to its diverse portfolio. Aviva Midcap Fund is a thoughtfully curated portfolio, invested predominantly in Midcap Equities aimed at fostering long-term capital appreciation. With this launch, interested investors have the opportunity to participate in the NFO until February 6th, 2024, at a unit price of ₹10.
India is on course to become 3rd largest economy in the world, making it the right time to invest #ForTheLongRun in the Midcap Fund that has the potential for high returns.
Vinit Kapahi, Senior Vice President and Head of Marketing, at Aviva India expressing unwavering confidence in the impact of this new addition, remarked, “We are thrilled to unveil our latest financial offering – MidCap Fund. We believe the Midcap Fund will play a pivotal role in enhancing the investment options that have the potential to yield significant outcomes for our customers. It will be available with all our Unit Linked Products.”
Aviva’s Midcap Fund aims to empower investors with a strategic avenue for wealth creation, leveraging the growth potential inherent in Midcap equities. The fund is designed to resonate with individuals seeking long-term capital appreciation while ensuring a diversified and well-managed investment approach. The Aviva Midcap Fund welcomes participation from both new and existing Aviva customers and is poised to seamlessly integrate into a range of Aviva’s Unit Linked Insurance Plans.
Adani Gangavaram Port the deepest and the most modern port in the country has set a new record of cargo handling. The Port has broken its previous records and achieved its highest ever monthly handling volume of 4 MMT in January 2024. This has surpassed its previous highest monthly cargo of 3.51 MMT which was achieved in June 2023.
The port has achieved excellent performance due to strategic investment in infrastructure for cargo handling and railway facilities. The port expects to set further operational records and deliver Industry best Services to its customers.
Speaking on the achievement Adani Gangavaram Port Limited management said ‘We are extremely delighted to see the remarkable performance achieved by our team. We are confident that the port will scale new heights in future. We will continue to make strategic investments for capacity enhancement. Integrated warehousing, cargo handling equipment and technology will be further strengthened in this year.Adani Gangavaram Port is committed to delivery best-in-class services through the best infrastructure.
Attron Automotive, a dynamic startup poised to revolutionize the electric vehicle (EV) industry, announced the launch of its cutting-edge electric motors and controllers at the Bharat Mobility Expo 2024. The unveiling was done by Shri Arvind Kumar, Director General, Software Technology Parks of India (STPI), Ministry of Electronics and Information Technology, Govt of India and Chairman STPINEXT, in the presence of Dr. Sanjay Kumar Gupta, Director STPI Pune and CEO MOTION CoE. The company has showcased three alpha series motors and one advanced controller designed to enable faster, more efficient, and higher-performance EVs. The new products are RM14530 electric motor, RM16070 electric motor, RM16045 electric motor series and the CTR072500 electric motor controller.
Attron is forging the future of sustainable transportation with its breakthrough EV propulsion technology. The company’s proprietary motors and intelligent controllers are transforming how EVs are powered and performed. Attron’s lightweight, compact solutions not only lower costs but also simplify EV operation, enabling longer range, quicker acceleration, and greater top speeds. Their integrated IPM PMSM motors and Eta framework guarantee optimal performance, showcasing perfect harmony. Tailored solutions, endless flexibility, and scalability for various power demands underscore Attron’s commitment to empowering industry growth. This precision control and dedication to a sustainable future distinguish Attron Automotive in contributing to the evolution of electric mobility.
“This launch marks a significant stride in electric mobility, as our innovative motor architecture, precision engineering, and commitment to cost reduction redefine industry standards. The scalable and versatile nature of our motors, coupled with peak efficiency exceeding 97%, positions Attron at the forefront of the electric mobility revolution. We are not just launching products; we are ushering in a new era of efficiency, performance, and sustainability in transportation.” said Shubham Pode, CTO of Attron Automotive.
Attron Automotive leads the electric mobility revolution with its unique Interior Permanent Magnet Synchronous Motor (IPM PMSM) technology. Strategically placed magnets and a patented topology optimize torque delivery, achieving an outstanding peak efficiency surpassing 97%, setting industry benchmarks. Precision engineering minimizes energy losses, ensuring efficient propulsion. With scalability from 1 KW to over 200 KW, Attron’s motors cater to diverse needs, from micro-mobility to heavy-duty industrial applications. Significantly, Attron stands out by strategically placing its commitment to cost reduction at the heart of innovation. This approach makes their motors an affordable choice, supporting both economic viability and environmental sustainability in the electric mobility sector.
Attron recently achieved a significant milestone by delivering the first batch of its motors and controllers for defence applications. The successful production and delivery demonstrate the adaptability, durability, and reliability of Attron’s solutions. Three patents have been granted to Attron Automotive for their novel motor technology.
At the core of Attron’s innovation is the CTR072500 electric motor controller, featuring the groundbreaking Eta framework. This framework goes beyond conventional controls, incorporating advanced algorithms like Modified Field-Oriented Control (Modified FOC). This sophisticated algorithm precisely aligns the motor’s magnetic field, offering unparalleled control over torque and speed. Adaptability remains key, as the Modified FOC algorithm dynamically adjusts for optimal performance in various scenarios. The hardware components are meticulously optimized for seamless integration with the Eta framework, enhancing overall efficiency and responsiveness. Attron Automotive’s Eta framework and Modified FOC algorithm redefine precision, efficiency, and performance in electric motor control, setting new benchmarks in propulsion technology.
Attron Automotive raised Rs 4.75 crore in its maiden funding round led by Anicut Capital. The round also saw participation from Pontaq VC, Venture Catalyst, and Yashovardhan Shah. The company planned to use the funds to support the company’s key growth initiatives, including the setup of an assembly line, establishment of a prototyping facility, team expansion, and research and development.
Addressing the critical issue of healthcare logistics in our country, where more than 500 lives are impacted every hour due to delayed crucial medicines and over 50% of Blood Units go to waste annually, TechEagle unveils groundbreaking solutions. In alignment with governmental healthcare directives, TechEagle’s innovative on-demand drone delivery services are reshaping the landscape.
TechEagle’s nationwide impact is underscored by recent collaborations with 10 AIIMS & INI’s hospitals, swiftly implementing drone services and setting new range & speed records. This achievement not only demonstrates the safety and reliability of Beyond Visual Line of Sight (BVLOS) operations but also solidifies TechEagle’s pioneering role in transforming healthcare logistics, establishing itself as a leading authority in drone delivery services.
The transformative potential of TechEagle’s drone solutions was evident in remarkable feats across tough terrains and mountains, where flights to AIIMS Guwahati and AIIMS Bilaspur were 10 times faster than ground logistics. Partnering with AIIMS and INIs such as Guwahati, Bilaspur, Rajkot, Manglagir, Patna, Deoghar, Raebareli, Jodhpur, Rishikesh, Gorakhpur, among others, emphasizes the widespread impact of this mission.
In a significant trial, TechEagle transported a up to 5 kilogram medical payload to rural Primary Health Centers at AIIMS Rajkot and AIIMS Mangalagiri, showcasing the dedication to advancing drone technology for enhanced healthcare accessibility and efficiency.
AIIMS Mangalagiri Official Handles Tweets “Demonstration of Drone operability was successfully performed today. Test flight of Drone from Main Hospital Campus to Rural Health Training Center, Nuttaki was carried out under the supervision of Hon’ble Director & CEO Dr Mukesh Tripathi”
Mr. Vikram Singh Meena, Founder and CEO of TechEagle, commented on the company’s recent accomplishments, stating, “At TechEagle, we see a future where drones play a key role in solving India’s healthcare challenges. The quick implementation of BVLOS drone delivery services in 10 AIIMS & INI’s hospitals underlines our commitment to improving healthcare logistics for our country with safety and reliability.”
