DENSO ( (JP:6902) ) has provided an update.
DENSO Corporation announced its relationship with Toyota Motor Corporation, highlighting that Toyota holds a significant 21.26% of its voting rights. Despite this affiliation, DENSO maintains operational independence, conducting its own R&D, production, and sales activities. The company benefits from a stable customer base in the Toyota group, which accounts for 48.1% of its net sales, but also faces potential impacts on business results due to this dependency.
More about DENSO
DENSO Corporation operates in the automotive industry, primarily focusing on the production and sale of automotive parts. It is significantly affiliated with Toyota Motor Corporation, which holds 21.26% of its voting rights. DENSO’s sales to Toyota and its group companies account for a substantial portion of its revenue, indicating a strong market focus on supplying automotive components to major car manufacturers.
YTD Price Performance: -7.69%
Average Trading Volume: 119,111
Technical Sentiment Signal: Hold
Current Market Cap: $32.62B
See more data about 6902 stock on TipRanks’ Stock Analysis page.