

Denso, a key supplier for Toyota, reported a substantial increase in its third-quarter profit, with a 78% rise in net income for the period from April to December. However, the company fell short of market estimates. The rise in profit was attributed to a favorable exchange rate, which led to an upward revision of revenue forecasts. Despite the strong profit performance, Denso's estimates for profit remained unchanged, indicating potential challenges ahead. Additionally, Mitsui O.S.K. Lines announced an upward revision of its net profit forecast to 50 billion yen, along with an increase in its year-end dividend to 40 yen.