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6902 — DENSO News Story

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Brief: Denso CEO Hayashi Proposal To Acquire Rohm Was Driven By A Stance Focused On How To Deliver Better Products To Customers In Industrial Equipment, Consumer Electronics And Automotive Sectors

March 31 (Reuters) - Denso Corp 6902.T:

DENSO CFO: HAVE ROOM TO SPEND AROUND 2 TO 3 TRLN YEN ON STRATEGIC INVESTMENTS AND SHARE BUYBACKS

DENSO CFO: IRAN CONFLICT IMPACT ON RELATED COMPANIES AMOUNTS TO ABOUT 20,000 CARS A MONTH, RISKS REDUCING REVENUE BY ABOUT 5 BILLION-6 BILLION YEN

DENSO CFO: TIGHTENING OF NAPHTHA SUPPLY HAS BECOME QUITE SEVERE AND AS A RESULT THE SUPPLY OF RESIN MATERIALS HAS BECOME FAIRLY TIGHT, BUT IT ISN'T A SITUATION WHERE IT'S RUNNING OUT IMMEDIATELY

DENSO CFO: THERE'S A POSSIBILITY OF DISRUPTIONS IN THE SUPPLY OF RESIN MATERIALS IN JAPAN AND ASIA SO WE'RE CLOSELY MONITORING THE SITUATION

DENSO CEO HAYASHI: PROPOSAL TO ACQUIRE ROHM WAS DRIVEN BY A STANCE FOCUSED ON HOW TO DELIVER BETTER PRODUCTS TO CUSTOMERS IN INDUSTRIAL EQUIPMENT, CONSUMER ELECTRONICS AND AUTOMOTIVE SECTORS

Further company coverage: 6902.T

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