Denso Cuts Full-Year Profit Forecast By 21%
Japan’s Denso, a leading supplier to Toyota Motor Corp, slashed its full-year operating profit forecast by 21% on Thursday after its second-quarter profit missed analysts’ expectations. The company cut its operating profit forecast for the financial year ended March 31 to ¥550 billion (RM16.5 billion) from ¥692 billion, missing the average estimate of ¥672.2 billion, […]