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DENSO Adjusts Full-Year Revenue Forecast Amid Yen Depreciation
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DENSO Adjusts Full-Year Revenue Forecast Amid Yen Depreciation

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Invest with Confidence:

An announcement from DENSO ( (JP:6902) ) is now available.

DENSO Corporation has revised its consolidated full-year financial results forecast, reflecting a slight increase in revenue due to the depreciation of the yen. The updated forecast shows a 1% increase in revenue, while the operating profit and other financial metrics remain unchanged. This adjustment indicates the company’s responsiveness to currency fluctuations, impacting its financial outlook and potentially affecting stakeholders’ expectations.

More about DENSO

DENSO Corporation operates in the automotive industry, primarily focusing on the manufacturing of advanced automotive technology, systems, and components. The company is listed on the Tokyo and Nagoya Stock Exchanges and is a key player in the global automotive sector.

YTD Price Performance: -4.58%

Average Trading Volume: 3,734

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $37.38B

For an in-depth examination of 6902 stock, go to TipRanks’ Stock Analysis page.

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