Latest Tokyo Brief coverage on DENSO CORPORATION, tracking filings, financial news, and market signals from Japan.
TSE:6902
Niterra will cancel its purchase of Denso's spark plug and exhaust sensor businesses after Denso asked to terminate the contract, and says the effect on current-year guidance is minor while it re-examines growth investment in its 2030 plan.
Denso is exiting head-up-display manufacturing in Japan, China, Spain, the US and Mexico, handing its production equipment and related intellectual property to Nippon Seiki in an undisclosed cash deal capped at 1% of the buyer's net assets, with closing targeted for February 2027.
DENSO's quarterly revenue rose 9.1% to ¥1.91tn on stronger vehicle sales and a weaker yen, but higher material costs and growth investment cut operating profit 21.5%, even as the company raised its full-year revenue forecast while holding profit guidance flat.
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