Japan Denso raises profit outlook, sees yen boost for cars, suppliers

Newswire

TOKYO, Feb 1 (Reuters) - The world's second-biggest auto parts supplier Denso Corp raised its annual profit forecast by 6.7 percent to 240 billion yen ($2.6 billion) on Friday, helped by a weakening yen that also benefits its Japanese customers including Toyota Motor Corp. Denso, whose results serve as performance indicators for automakers, posted an operating profit of 51.7 billion yen for the October-December quarter, up 3 percent from a year ago and in line with forecasts. ...

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