Japan parts maker Denso's Q1 jumps, shares soar

Newswire

TOKYO, July 27 (Reuters) - Top Japanese car parts maker Denso Corp. posted a 16 percent rise in quarterly operating profit on Thursday as sales grew around the world, and the company mapped out a plan to boost revenue by at least 25 percent by 2010. Shares in Denso shot up 8.9 percent at one point, and were 6.7 percent higher at 3,820 yen in mid-afternoon trade. Announcing a much-awaited midterm plan, Denso, affiliated with Toyota Motor Corp. , said it would target group revenue of more ...

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