Denso, a major auto parts supplier for Toyota, has lowered its full-year operating profit forecast by nearly one-fifth, primarily due to the impact of U.S. import tariffs and rising raw material costs. Denso has also lowered its operating profit forecast for the fiscal year ending March 2026 by 17.8%, from ¥651 billion to ¥535 billion (approximately US$3.44 billion).
