Toyota supplier Denso posts drop in first-quarter profit
31/07/2026 03:29
Toyota supplier Denso posts drop in first-quarter profit TOKYO, July 31 (Reuters) - Japan's Denso 6902.T, a major auto parts supplier to Toyota 7203.T, posted a 21.5% decline in first-quarter operating profit on Friday, as rising parts and material costs outweighed a boost from a weaker yen.
Operating profit for the three months ended June totalled 84.2 billion yen ($524.45 million), versus a median forecast of 102.4 billion yen in a poll of nine analysts surveyed by LSEG.
A year earlier, the company had posted an operating profit of 107.2 billion yen.
($1 = 160.5500 yen)
(Reporting by Daniel Leussink; Editing by Muralikumar Anantharaman)
((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))
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