Gaishi Automobile News On July 31, Toyota Motor’s main parts supplier Denso announced its latest quarterly financial results.
From April to June this year, the company’s profits basically met analyst expectations, but Denso still lowered its full-year operating profit forecast by 3.1%. Denso’s financial report from April to June this year.
Photo source: Denso, Denso said that in the three months ended June 30, its revenue increased by 2.
4% year-on-year to 1,753.
8 billion yen, of which more than half of the revenue came from Toyota Motor Group, including Hino Motors and Daihatsu Motors.
Operating profit increased by 27.
7% year-on-year to 120.
6 billion yen, higher than the expected average of 117.
3 billion yen among seven analysts, compared with 94.
4 billion yen for the same period last year.
operating profit margin was 6.
9%, up from 5.
5% in the same period last year.
Denso said that although poor car sales in Asia led to a decline in production, its operating profit increased in the second quarter of this year due to increased foreign exchange earnings and improved profitability.
Denso’s fiscal year 2025 performance forecast.
Photo source: Denso, according to a survey of 17 analysts by the London Stock Exchange Group, in fiscal year 2025 (From April 1 this year to March 31 next year), Denso lowered its full-year revenue forecast from 7.
350 billion yen to 7.
330 billion yen.
lowered its full-year operating profit forecast from 714 billion yen to 692 billion yen (approximately US$4.
53 billion), which is lower than analysts ‘average forecast of 709.
9 billion yen.
and lowered its full-year operating profit forecast from 9.
7% to 9.4%. Denso said in a statement that the cut in full-year results only reflects the company’s lower-than-expected first-quarter results, but the company still maintains its performance expectations for the rest of the fiscal year.
Heat pump system.
Photo source: Denso, Last month, Denso said it had reduced its stake in several Toyota Motor Group subsidiaries after committing in April this year to sell all of its cross-shareholding to fund acquisitions and other investments.
, On the day Denso’s latest earnings report was released, the company’s share price fluctuated violently.
It fell sharply in early trading and then rebounded, rising 1.
4% at the close.
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