Denso cuts H1 profit forecast on U.S. bond losses

Newswire

TOKYO, Sept 26 (Reuters) - Denso Corp , the world's largest listed auto parts supplier, on Friday cut its first half net profit forecast by a fifth due to losses on the sale of bonds issued by U.S. financial institutions. Denso, a core supplier of the Toyota Motor Corp group, kept its operating profit and sales forecasts unchanged. The company, a top maker of electronics and other auto parts rivalling Germany's unlisted Robert Bosch [ROBG.UL], said it would book a special loss of 20.6 ...

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