Business & Finance
Toyota supplier Denso posts fall in second-quarter profit
Key Points
Toyota supplier Denso posts fall in second-quarter profit TOKYO, Oct 29 : Japan's Denso, a major auto parts supplier to Toyota, reported an 18 per cent fall in second-quarter operating profit on Thursday, as higher parts and material costs weighed on results. Operating profit for the July-September quarter was 86 billion yen ($545 million), compared with 104.2 billion yen a year earlier and a median forecast of 104.8 billion yen in a poll of nine analysts surveyed by LSEG. Denso kept its...
Toyota supplier Denso posts fall in second-quarter profit
TOKYO, Oct 29 : Japan's Denso, a major auto parts supplier to Toyota, reported an 18 per cent fall in second-quarter operating profit on Thursday, as higher parts and material costs weighed on results.
Operating profit for the July-September quarter was 86 billion yen ($545 million), compared with 104.2 billion yen a year earlier and a median forecast of 104.8 billion yen in a poll of nine analysts surveyed by LSEG.
Denso kept its full-year operating profit forecast at 500 billion yen.
($1 = 157.8700 yen)