Denso Forecasts Profit Decline for Fiscal 2027
The Toyota supplier expects annual operating profit to fall to 500 billion yen due to rising investment costs. This follows a strong fourth quarter performance.
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DENSO CORP, a primary supplier for TOYOTA MOTOR CORP, announced on Tuesday that it anticipates a decline in operating profit for the current fiscal year. The company, headquartered in Japan, cited geopolitical instability in the Middle East and increased investment spending as the primary drivers for the cautious outlook.
