Denso Shares Tumble After Outlook Cut on FX, Quality Costs

Denso Corp. shares plunged after cutting its full-year operating profit outlook, citing unfavorable exchange rates and quality-control provisions recorded in the second quarter.

The automotive parts manufacturer now expects fiscal year 2026 operating profit of ¥651 billion ($4.2 billion), down from ¥675 billion previously. Shares fell as much as 7.1% in Tokyo on Friday, the steepest drop since April.