Toyota supplier Denso posts surge in Q3 profit, but misses estimates By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
0mins
Source: Investing.com
Denso's Financial Performance: Denso reported a significant increase in third-quarter operating profit, reaching 150.3 billion yen, driven by currency gains and cost-cutting, despite lower vehicle production in Asia.
Market Challenges: The company faces competitive pressures in China and declining revenues from other automakers, although it continues to benefit from strong sales within the Toyota group.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
