Denso Reports 18% Fall in Second-Quarter Operating Profit
Denso reported operating profit of 86 billion yen for July-September, down from 104.2 billion yen a year earlier, as higher parts and material costs weighed on results.
Japan's Denso TSE:6902, a major auto parts supplier to Toyota TSE:7203, reported an 18% fall in second-quarter operating profit on Thursday, as higher parts and material costs weighed on results.Operating profit for the July-September quarter was 86 billion yen ($545 million), compared with 104.2 b…