Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

INTERVIEW-Denso to target rise in profit in 2010/11

Published 12/03/2009, 12:57 AM
Updated 12/03/2009, 01:03 AM

KARIYA, Japan, Dec 3 (Reuters) - Japan's largest supplier of car parts, Denso Corp, will aim to increase its profits in 2010/11 although its revenue may dip due to the strength of the yen, managing director Sadahiro Usui told Reuters in an interview.

Usui added that the company would consider raising overseas procurement and production to help cut its forex exposure.

Toyota Motor Corp, the world's biggest carmaker, holds a 22.5 percent stake in Denso. (Reporting by Yumiko Nishitani) ((yumiko.nishitani@thomsonreuters.com; +81 3 6441 1803; Reuters Messaging: yumiko.nishitani.reuters.com@reuters.net))

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.