DNZOF - DENSO Corporation
| Previous Close | 63.26 |
| Open | 63.76 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 63.47 - 63.76 |
| 52 Week Range | 46.85 - 63.76 |
| Volume | |
| Avg. Volume | 430 |
| Market Cap | 47.53B |
| Beta (5Y Monthly) | 1.00 |
| PE Ratio (TTM) | 25.09 |
| EPS (TTM) | 2.53 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.42 (2.24%) |
| Ex-Dividend Date | Sept 28, 2023 |
| 1y Target Est | N/A |
- Reuters
UPDATE 2-Toyota supplier Denso posts 86% rise in Q4 profit
Japan's Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth-quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. But despite the rosy outlook, Denso said it was still seeing impact from a global chips supply shortage and gave a stark assessment of the situation in China, where its capacity utilisation rate has been lower than originally planned. "Japanese makers have a little bit more inventory of new cars" in China, said Yasushi Matsui, Denso's chief financial officer.
- Reuters
Toyota supplier Denso posts 86% rise in Q4 profit
TOKYO (Reuters) -Japan's Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth-quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. But despite the rosy outlook, Denso said it was still seeing impact from a global chips supply shortage and gave a stark assessment of the situation in China, where its capacity utilisation rate has been lower than originally planned. "Japanese makers have a little bit more inventory of new cars" in China, said Yasushi Matsui, Denso's chief financial officer.
- Reuters
UPDATE 2-Toyota supplier Denso cuts profit forecast on car production risks
Japan's Denso Corp, a leading supplier to Toyota Motor Corp, on Friday slashed its annual operating profit forecast by 12.5%, missing analysts' estimates, as it warned a chip shortage could cause auto production cuts. The company, a major manufacturer of automotive parts and chips, lowered its full-year operating profit forecast to 420 billion yen ($3.26 billion) for the year to end-March, from 480 billion yen expected previously. Denso said the new forecast took into account the pandemic's impact in China and the risk of vehicle production cuts due to the ongoing global semiconductor shortage, despite efforts being taken to reduce costs.
ReutersExclusive-Toyota to outline 3-year EV plan changes to suppliers -sources
Toyota Motor Corp is expected to outline adjustments to its electric vehicle (EV) strategy to key suppliers early next year, as it races to narrow the gap on price and performance with industry leaders Tesla and BYD, two people with knowledge of the work said. Toyota has been looking at ways to improve the competitiveness of EVs being planned for this decade, in part by speeding up the adoption of performance-boosting technologies for planned EVs, from electric drive systems - including motors - to the electronics that convert power from the grid to energy stored in batteries and more integrated heating and cooling systems, the people said. The changes would be for the successors to Toyota's first two EVs for major markets, the bZ4X and the Lexus RZ, and intended to close the gap with Tesla Inc on cost and performance, the people said.
- Reuters
Toyota supplier Denso posts 76% rise in Q2 profit
Denso Corp, Toyota Motor Corp's major supplier, reported a 76% rise in second-quarter operating profit on Friday, missing analysts' estimates. The revision comes after Toyota said last week its annual production plan for 9.7 million vehicles was likely to come in below it due to chips shortage. Toyota's announcement dampened hopes that the chip shortage would ease and allow automakers to increase production in the second half of the financial year to make up for constrained output in the first half.
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- Reuters
Japan's Nikkei gives up gains as Denso outlook sours sentiment
Japan's Nikkei reversed its course to close slightly lower on Friday, as concerns about corporate earnings grew after Toyota supplier Denso cut its outlook, while a firmer yen also weighed on exporters. The stronger yen and Denso's earnings soured the mood, said Jun Morita, general manager of the research department at Chibagin Asset Management. "Since Denso's outlook was negative, we would imagine Toyota's outlook may not be positive," he said.
- Reuters
UPDATE 3-Toyota supplier Denso's Q1 profit tumbles 41%, misses view
Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. Denso initially estimated automakers' production would be 5% lower than they had planned, but their output fell 22% short of planning in the April-June quarter due to a pandemic lockdown in Shanghai. Denso has now adjusted its estimate of vehicle production to a 10% shortfall for each of quarter from the second quarter onward, senior executive officer Yasushi Matsui said.
ReutersToyota supplier Denso's Q1 profit tumbles 41%, misses view
TOKYO (Reuters) -Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. Denso initially estimated automakers' production would be 5% lower than they had planned, but their output fell 22% short of planning in the April-June quarter due to a pandemic lockdown in Shanghai. Denso has now adjusted its estimate of vehicle production to a 10% shortfall for each of quarter from the second quarter onward, senior executive officer Yasushi Matsui said.
BloombergTop Toyota Supplier Denso Mulls $3 Billion Chip Unit Spinoff
(Bloomberg) -- Denso Corp., one of the world’s top automotive semiconductor manufacturers and a key supplier to Toyota Motor Corp., may consider spinning off its chip business, which generates around 420 billion yen ($3.1 billion) in sales, the company’s chief technology officer said Friday.Most Read from BloombergAmericans Are Building Vacation-Home Empires With Easy-Money LoansChina Alarms US With Private Warnings to Avoid Taiwan StraitVolatility Grips Stocks as Treasury Yields Surge: Markets
ReutersDenso may consider spinning off chip business, Bloomberg says, citing executive
Denso Corp may consider spinning off its chip business, a top executive of the major Japanese maker of semiconductors used in automobiles and a main supplier to Toyota Motor Corp told Bloomberg News on Friday. "We need to think about whether the time will come when we sell semiconductors, alone, externally," Bloomberg quoted Denso's chief technology officer, Yoshifumi Kato, as saying in an interview.
ReutersDenso bullish on business prospects as it tackles chip shortages
Denso Corp, Japan's largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp, its biggest shareholder and customer. Chief Technology Officer Yoshifumi Kato said Denso expects demand for auto chips to be around a third higher by 2025 than it was in 2020, as the key component is increasingly used in fossil-fuel cars, electric vehicles and autonomous drive technology. That growing demand has combined with COVID-19 pandemic supply-chain disruptions and increased competition for chips from consumer electronic makers to cause persistent shortages that have forced Toyota and other major carmakers to curb output even as car demand grows.