Toyota supplier Denso expects FY 2027 profit drop on Middle East uncertainty, spending
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Denso, a key supplier to Toyota, anticipates a 9.5% decline in operating profit for FY 2027, projecting 500 billion yen ($3.13 billion) due to Middle East uncertainties and increased investment spending. This forecast follows a strong fourth-quarter performance, where operating profit rose 50% to 176.6 billion yen, surpassing analyst expectations. Denso relies heavily on revenue from Toyota group companies, generating over half of its income from them.
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