Toyota supplier Denso slashes full-year operating profit forecast on higher costs

DENSO

03/02/2026 02:27

TOKYO, Feb 3 (Reuters) - Japan's Denso 6902.T, a major auto parts supplier to Toyota 7203.T, slashed its full-year operating profit forecast by nearly a fifth mainly due to U.S. import tariffs and rising material costs.

The company slashed its forecast for the fiscal year ending March 2026 by 17.8% to 535 billion yen ($3.44 billion) from 651 billion yen expected previously.

($1 = 155.4600 yen)

 (Reporting by Daniel Leussink; Editing by Christian Schmollinger)

 ((daniel.leussink@thomsonreuters.com; Twitter: @danielleussink;))