Toyota supplier Denso expects FY 2027 profit drop on Middle East uncertainty, spending
Orientul Mijlociu
NAGOYA, Japan, April 28 : Japan's Denso, a major supplier to Toyota, said on Tuesday it expects operating profit in the financial year that began this month to fall from the prior year, citing uncertainty over the Middle East and higher investment spending. The world's second‑largest auto parts supplier forecast operating profit of 500 billion yen ($3.13 billion) for the year ending March 2027, down 9.5 per cent from 552.5 billion yen a year earlier. The weaker outlook follows a 50 per cent
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