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KARIYA, JAPAN, Feb 2, 2022 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global financial results for its third quarter, ending December 31, 2021, for its 2022 fiscal year, ending March 31, 2022:

- Consolidated revenue totaled 4,009.0 billion yen (USD34.9 billion), a 14.3 percent increase from the previous year.
- Consolidated operating profit totaled 256.3 billion yen (USD2,229.4 million), a 284.6 percent increase from the previous year.
- Consolidated profit attributable to owners of the parent company totaled 193.4 billion yen (USD1,682.2 million), a 348.9 percent increase from the previous year.

"Both revenue and operating profit in the third quarter decreased from the same period last year due to semiconductor shortages and other business conditions, although DENSO made profit improvements. However, revenue and operating profit through three quarters of this fiscal year increased compared to the previous year due to recovery of vehicle sales from COVID-19 and profit improvements," said Yasushi Matsui, senior executive officer and member of the Board of Directors of DENSO Corporation. "We have revised our full-year forecast based on third quarter results, adjusting our revenue projection to 5,480.0 billion yen (USD47.7 billion) and operating profit projection to 400.0 billion yen (USD3,479.8 million)," said Matsui. "While it is difficult to project how the business environment might change due to factors like semiconductor shortages, we keep our fourth quarter forecast unchanged and aim to achieve these projections with strong fourth quarter performance."

In Japan, revenue increased to 2,590.1 billion yen (USD22.5 billion), up 15.1% from the previous year, and operating profit was 144.1 billion yen (USD1,253.8 million), with an operating loss of 12.0 billion yen in the previous year.

In North America, revenue increased to 842.6 billion yen (USD7.3 billion), up 15.4% from the previous year, and operating loss was 1.9 billion yen (USD16.6 million).

In Europe, revenue increased to 407.4 billion yen (USD3.5 billion), up 13.3% from the previous year, and operating profit was 3.3 billion yen (USD29.1 million), up 22.7% from the previous year.

In Asia, revenue increased to 1,180.6 billion yen (USD10.3 billion), up 26.6% from the previous year, and operating profit increased to 105.0 billion yen (USD913.6 million), up 46.3% from the previous year.

In other areas, revenue increased to 53.8 billion yen (USD468.4 million), up 101.9% from the previous year, and operating profit increased to 11.7 billion yen (USD101.4 million), up 145.2% from the previous year.

About DENSO Corporation

DENSO is a $44.6 billion global 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 its 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comDENSO, a leading mobility supplier, today announced its global financial results for its third quarter, ending December 31, 2021, for its 2022 fiscal year, ending March 31, 2022.

-- EmiSwap (https://emiswap.com), the only community-governed decentralized exchange (DEX) paying out high rewards for liquidity providers, today announced its integration with Polygon blockchain, the leading platform for Ethereum scaling and infrastructure development. The new integration will aim to reduce the transaction costs without compromising output, enabling quicker and cheaper user transactions. The integration will allow users to execute trades instantly using the EmiSwap interface and pooled liquidity utilizing Polygon's full-stack layer 2 scaling solutions.

While the Ethereum network currently hosts the bulk of EmiSwap activity, it is not always a viable option for traders, due to ongoing network congestion and high gas and transaction rates. Even with the recently reduced capacity, spending over $25-$250 dollars for a single transaction fee is quickly becoming unjustifiable to many crypto investors. EmiSwap's new integration with Polygon will offer a viable layer 2 solution: making Ethereum much more usable and cheaper with a 0.001 MATIC gas fee on the platform. 

“We are delighted to be working with Polygon to bring their scalability solutions to the market, as it enables new innovative and value-adding services for our users,” said Grigory Rybalchenko, founder and CEO of EmiSwap. “Now, EmiSwap users will have the option to swap and provide liquidity on EmiSwap DEX with fast and nearly free transactions due to the Polygon integration. This is the next phase in the development of a multichain decentralized platform that will allow us to provide additional value to the DeFi market and our community.”  

EmiSwap aims to become the go-to multichain AMM DEX providing users with simple and affordable transactions. The new Polygon integration will provide the EmiSwap community with several advantages including:

• Users will be able to stake their LP tokens into the new farming pool and win a 365% APR airdrop (per liquidity) plus additional percentage APR for farming with 0.25 percent of the platform fees paid by the token swappers. The reward amount grows with the amount held in the liquidity pool.
  
  

• The 180 percent airdrop that will provide liquidity in any pool with ESW token and will receive 180 percent APR (per liquidity) + 0.25 percent of the platform's fees will be paid by token swappers. Similarly to the 365 percent APR airdrop. 
  
  

• Users can check here (https://emiswap.com/farm) the percentage APR Farming pool in which users can provide liquidity or stake their LP token in farming pools and receive high percentage APR rewards daily. Again, 0.25 percent of the platform's fees will be paid by token swappers. The XXX percent APR farming pool will launch on November 23,2021. Users will also have access to migrate liquidity from QuickSwap. Pairs available for liquidity migration are WETH-USDC, WETH-WMATIC, WETH-WBTC, USDC-USDT and WMATIC-USDT.

Additionally, the Referral Program will work with both 365/180 percent airdrops. With three referral levels, users will be able to receive a percentage from the rewards of users they have invited to the EmiSwap platform:

• Level 1: If a user invites USER1 by their referral link, the user will receive 3 percent of their reward.

• Level 2: If USER1 invites USER2, the original user will receive 5 percent of USER2 rewards.

• Level 3: IF USER2 invites USER3, the original users will receive 7 percent of the USER3 reward. 

EmiSwap now supports Ethereum, Kucoin, and Polygon blockchains with Near Protocol, Avalanche and Binance Smart Chain currently under development. 

For more information, please visit EmiSwap's official Website and Medium as well as follow the EmiSwap Telegram group.

                                                                       

About Polygon

Polygon is the leading platform for Eutherum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, datavailabilit solutions and more. Polygon's scaling solutions have seen widespread adoption with more than 1200 applications hosted, about 600M total transactions processed, about 60M unique user addresses and more than $5B in secured assets. Learn more about Polygon by visiting their Website, Twitter, Ecosystem Twitter, Reddit, Discord, Telegram and Instagram.

About EmiSwap  

EmiSwap is an audited, cross-chain AMM DEX that allows users to safely extract over high APR daily from liquidity mining and farming on Ethereum, Kucoin and Polygon. EmiSwap distributes 0.05 percent of the exchange volumen to ESW token holders, compensates 100 percent of the ETH gas users pay and features unique and yield-boosting NFT Magic Cards that increase user's yield. EmiSwap is audited by Hacken and BluSwarm and constantly adjusts APR, launches new farming pools and distributes additional rewards for liquidity providers. Learn more about EmiSwap AMM DEX and join the decentralized family by visiting the Website, Twitter, Medium, Telegram, Discord and GitHub.