Denso’s H1 net profit drops 43% y/y to USD 1.4 billion
Company revises full-year FY2018/19 financial outlook
Denso has reported 43.1% year-over-year (y/y) decline in net profit to JPY158.2 billion (USD1.4 billion) in the first half of the financial year (FY) ended 30 September 2018, the company said in a press release today (31 October). The company also witnessed 25.5% y/y drop in operating profit to JPY152.4 billion. Denso reported sharp decline in net profit and operating profit despite recording 11.1% y/y growth in revenue to JPY2.62 trillion.