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Toyota Top Supplier Says Bottom Line Hit Already Factored In

  • Denso may take profit hit of up to 30 billion yen next month
  • CFO says remains confident in Toyota’s ability to bounce back
Gadgets On Show At The CEATEC Exhibition
Photographer: Tomohiro Ohsumi/Bloomberg
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Denso Corp., Toyota Motor Corp.’s top supplier, says production at the automaker should recover swiftly, leaving Denso on track to beat its own profit forecast for the current fiscal year.

Denso will likely take a profit hit of about 20 billion yen ($182 million) to 30 billion yen in September due to Toyota’s production cuts, Chief Financial Officer Yasushi Matsui said. But that loss is more than covered by the 75 billion yen in potential losses Denso had earlier worked into forecasts for the fiscal year ending March, he said.