Japan's Denso posts H1 profit rise, hikes outlook

Newswire

TOKYO, Oct 28 (Reuters) - Japan's Denso Corp. reported a 12 percent rise in its first-half operating profit on Friday, thanks to strong auto sales worldwide, although it fell a tad short of market expectations, and it raised its outlook by 9 percent. The world's fourth-largest auto parts supplier has benefited from robust sales at Toyota Motor Corp. , which owns 23 percent of Denso, and its group firms in Asia as well as the U.S. market. Denso makes almost half of its total annual ...

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