TOKYO (Reuters) – Japan’s Denso, a leading auto parts supplier to Toyota, posted a 462% increase in third-quarter operating profit on Friday, but missed analysts’ estimates.
Operating profit for the three months to end-December totalled 150.3 billion yen ($975.97 million), versus 152.5 billion yen estimated on average by eight analysts surveyed by LSEG.
A year earlier, the company had posted a much smaller operating profit of 26.8 billion yen. Denso maintained its 550-billion-yen operating profit forecast for the fiscal year ending March 2025.
($1 = 154.0000 yen)
(Reporting by Daniel Leussink; Editing by Jacqueline Wong)
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