Toyota supplier Denso targets 8 trillion yen sales by 2030
The Japanese auto parts maker announced today that it plans to invest 6.6 trillion yen over five years. It also targets a 10 percent operating profit margin.
The prominent automotive components manufacturer DENSO Corporation has announced its long-term financial objectives, setting a target for a return on equity (ROE) of 11% or higher by the year 2030. Based in Japan, the company is outlining a strategic roadmap to enhance its global market position and financial performance over the next several years.
As part of its 2030 vision, the firm aims to generate annual sales of 8 trillion yen, which is approximately $50 billion. This ambitious growth plan is supported by a significant capital allocation strategy, with the company targeting 6.6 trillion yen in business investments over the five-year period leading up to 2030.
