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DENSO Corporation (DNZOY)

18.23

+0.09

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At close: April 24 at 3:52 PM EDT

25 Largest Automotive Companies and Suppliers in the World

In this piece, we will take a look at the 25 largest automotive companies and suppliers in the world. If you want to skip our overview of the global automotive industry, then you can take a look at the 5 Largest Automotive Companies and Suppliers in the World. The global automotive industry is one of the […]

Insider Monkey 25 days ago

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Toyota selling part of Denso stake to raise cash to develop electric vehicles

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The number of shares Toyota Motor Corp. plans to sell total more than 124 million shares, lowering its stake in Denso Corp. from 24.2% to 20%, while remaining the top stakeholder.

Associated Press Finance 4 months ago

TM

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Toyota group to sell 8% Denso stake, investors want more unwinding

TOKYO (Reuters) -Toyota and two affiliates will divest at least 8% of supplier Denso, the companies said on Wednesday, a $4 billion deal that sparked investor hopes the world's top-selling automaker will shed more of its numerous cross-shareholdings. The share sale, which was first reported by Reuters on Tuesday, will be Japan's second biggest this year and the largest in the global auto industry in more than a decade, according to LSEG data. Denso, the world's second-largest maker of automotive components and a pillar of the Toyota group, will buy back some of its own shares in the open market to lessen the impact of the sale.

Reuters 4 months ago

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Japan's Nikkei ends lower as investors lock in profits from recent rally

Japan's Nikkei share average ended lower on Wednesday in a listless trade as investors continued to sell stocks to book profits after last week's rally. The Nikkei index fell 0.26% to close at 33,321.22 after opening 0.49% lower and trading in positive territory earlier in the session. "Investors remained cautious about the recent gains in the Nikkei so they took a pause in buying," said Jun Morita, general manager of the research department at Chibagin Asset Management.

Reuters 4 months ago

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Exclusive-Toyota group plans $4.7 billion sale of Denso stake as electric pivot looms -sources

TOKYO (Reuters) -Toyota Motor and two affiliates plan to sell about 10% of components maker Denso by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world's top selling automaker to cash in on stakes in affiliates as it ramps up production of fully electric vehicles, a capital-intensive endeavour that spans research and development to an overhaul of the factory floor. Toyota, Toyota Industries and Aisin will sell Denso shares worth a total of about 700 billion yen ($4.7 billion) at current market prices, the two sources said.

Reuters 4 months ago

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Japan's Denso to target $8 billion in electrification revenue by FY 2025

TOKYO (Reuters) -Japanese automotive supplier Denso aims to increase its revenue from electrification to 1.2 trillion yen ($7.97 billion) by the 2025 business year and 1.7 trillion yen by the turn of the decade, the company said on Wednesday. Denso aimed to grow its revenue from advanced-driver assistance systems (ADAS) to 520 billion yen by the 2025 business year and said it would further unwind cross-shareholdings, according to presentation materials. The parts maker raised its 2025 revenue target by 20% from last year due to steady expansion of sales of inverters, thermal management and power supply systems as well as the tailwind from a weak yen, Chief Financial Officer Yasushi Matsui told media during a briefing.

Reuters 5 months ago

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Japan's Denso to invest $3.3 billion to bulk up chips business

TOKYO (Reuters) -Japanese automotive supplier Denso will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business by 2035 from current levels, the company's president said on Thursday. Denso, a Toyota group supplier and one of the world's largest makers of auto parts and components, has been ramping up its chip business in recent years, including by forging partnership deals to help it secure more semiconductors. Last year it said it would take a stake in a chip plant Taiwan Semiconductor Manufacturing Co is building in Japan with Sony, highlighting how the pivot to electric vehicles and so-called "connected cars" has deepened semiconductor demand from auto companies and their suppliers.

Reuters 5 months ago

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Why Investors Shoved Coherent Stock 5% Higher This Week

This happened to industrial company Coherent (NYSE: COHR) this week, and happy shareholders reacted by pushing the stock up in value. On Tuesday, Coherent divulged that a pair of Japanese industrial companies, Mitsubishi Electric (OTC: MIELY) and Denso, will together invest $1 billion into its silicon carbide operation. The news comes several months after Coherent announced it was conducting a strategic review of the silicon carbide unit.

Motley Fool 6 months ago

COHR

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Japan's Denso, Mitsubishi Electric to invest $1 billion in Coherent's silicon carbide unit

Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit, as per the agreement. Coherent, which makes lasers and switches for circuits, has a market value of $4.69 billion and carries $4.4 billion in total debt as of fiscal 2023, according to LSEG data.

Reuters 6 months ago

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Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit

Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso and Mitsubishi Electric will invest $1 billion in the company's silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit, as per the agreement. Coherent, which makes lasers and switches for circuits, has a market value of $4.69 billion and carries $4.4 billion in total debt as of fiscal 2023, according to LSEG data.

Reuters 6 months ago

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Toyota supplier Denso posts 48% rise in Q1 profit

Japan's Denso, a leading supplier to Toyota, posted a 48% rise in first quarter profit on Friday and raised its full-year outlook, citing a weaker yen and strong sales. Denso also raised its full-year outlook, saying it now expects profit to total 600 billion yen, from 510 billion yen previously. About half of Denso's revenue comes from the Toyota group, which also includes Toyota truck unit Hino Motors and small-car maker Daihatsu.

Reuters 8 months ago

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UPDATE 2-Toyota supplier Denso posts 86% rise in Q4 profit

Japan's Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth-quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. But despite the rosy outlook, Denso said it was still seeing impact from a global chips supply shortage and gave a stark assessment of the situation in China, where its capacity utilisation rate has been lower than originally planned. "Japanese makers have a little bit more inventory of new cars" in China, said Yasushi Matsui, Denso's chief financial officer.

Reuters 11 months ago

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Toyota supplier Denso posts 86% rise in Q4 profit

TOKYO (Reuters) -Japan's Denso Corp, a leading supplier to Toyota Motor Corp, reported an 86.3% rise in fourth-quarter operating profit on Thursday, benefitting from stronger sales and weaker lockdown-induced headwinds. But despite the rosy outlook, Denso said it was still seeing impact from a global chips supply shortage and gave a stark assessment of the situation in China, where its capacity utilisation rate has been lower than originally planned. "Japanese makers have a little bit more inventory of new cars" in China, said Yasushi Matsui, Denso's chief financial officer.

Reuters 11 months ago

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Performance Overview

Return	DNZOY	Nikkei 225
YTD	+22.02%	+12.44%
1-Year	+29.43%	+31.48%
3-Year	+12.50%	+29.66%

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DENSO Corporation (DNZOY)

25 Largest Automotive Companies and Suppliers in the World

Toyota selling part of Denso stake to raise cash to develop electric vehicles

Toyota group to sell 8% Denso stake, investors want more unwinding

Japan's Nikkei ends lower as investors lock in profits from recent rally

Exclusive-Toyota group plans $4.7 billion sale of Denso stake as electric pivot looms -sources

Japan's Denso to target $8 billion in electrification revenue by FY 2025

Japan's Denso to invest $3.3 billion to bulk up chips business

Why Investors Shoved Coherent Stock 5% Higher This Week

Japan's Denso, Mitsubishi Electric to invest $1 billion in Coherent's silicon carbide unit

Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit

Toyota supplier Denso posts 48% rise in Q1 profit

UPDATE 2-Toyota supplier Denso posts 86% rise in Q4 profit

Toyota supplier Denso posts 86% rise in Q4 profit

Performance Overview