Denso Q1 net income decreases 26.1% y/y to USD529.9 million
Japanese supplier reaffirms FY2019/20 financial outlook
Denso’s net income declined 26.1% year-over-year (y/y) to JPY57.1 billion (USD529.9 million) in the first quarter ended 30 June 2019, the leading Japanese supplier said in a press release on 31 July. Revenue dropped slightly, by 0.5% y/y, to JPY1.32 trillion. Denso also recorded 23.9% y/y drop in operating profit to JPY69.1 billion.