Toyota supplier Denso posts big jump in Q3 profit, but misses estimates

DENSO

31/01/2025 02:30

TOKYO, Jan 31 (Reuters) - Japan's Denso  6902.T , a
leading auto parts supplier to Toyota  7203.T , posted a 462%
increase in third-quarter operating profit on Friday, but missed
analysts' estimates.
    Operating profit for the three months to end-December
totalled 150.3 billion yen ($975.97 million), versus 152.5
billion yen estimated on average by eight analysts surveyed by
LSEG.
    A year earlier, the company had posted a much smaller
operating profit of 26.8 billion yen. Denso maintained its
550-billion-yen operating profit forecast for the fiscal year
ending March 2025.
    ($1 = 154.0000 yen)

 (Reporting by Daniel Leussink; Editing by Jacqueline Wong)
 ((daniel.leussink@thomsonreuters.com; Twitter:
@danielleussink;))