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Toyota supplier Denso posts fall in second-quarter profit

By Reuters News

TOKYO, Oct 29 (Reuters) - Japan's Denso 6902.T, a major auto parts supplier to Toyota 7203.T, 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 billion yen a year earlier and a median forecast of 104.8 billion yen in a poll of nine analysts surveyed by LSEG.

Denso kept its full-year operating profit forecast at 500 billion yen.


($1 = 157.8700 yen)

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