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Denso Corp (DNZOY.PK)

DNZOY.PK on OTC Markets Group

18.69USD
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Denso to pay additional $193.8 mln to US consumers in auto parts settlement
Thursday, 14 Jul 2016 06:05pm EDT 

:Japan's Denso <6902.T> to pay out additional $193.8 million to American consumers in auto parts settlement - attorneys.  Full Article

Denso Corp - S.Korea fines Denso, Mitsubishi Elec in car part price-fixing case - Reuters
Tuesday, 23 Feb 2016 09:41pm EST 

Denso Corp:South Korea's anti-trust regulator fined Denso and Mitsubishi Electric a combined 1.14 billion won ($924,229.40) on Wednesday on charges of colluding to fix the prices of engine starter motors supplied to General Motors GM.N. - RTRS.This is the seventh price-fixing case involving global auto component makers probed by South Korea and comes amid a worldwide crackdown on car part cartels.In 2008, Denso and Mitsubishi Electric colluded on bid prices for the engine starter motors used in GM's Spark, Cruze and Orlando vehicles made in South Korea, the Fair Trade Commission said in a statement.Denso was fined 510 million won and Mitsubishi Electric 630 million won. Denso said it won't have to pay the fine because it has applied for a leniency program which enables a company to escape sanctions if on its own it reports the illegal conduct.An official at Mitsubishi Electric was not immediately available for comment.  Full Article

Denso lowers consolidated full-year outlook for FY 2016
Tuesday, 2 Feb 2016 09:20pm EST 

Denso Corp:Says the company lowered the consolidated full-year outlook for revenue to 4,480,000 mln yen from 4,520,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 332,000 mln yen from 350,000 mln yen.Sees a decrease of ordinary profit forecast to 370,000 mln yen from 383,000 mln yen.Sees a decrease of net profit forecast to 248,000 mln yen from 260,000 mln yen.Sees a decrease of earnings per share to 312.82 yen from 326.92 yen.Comments the performance of Q3 and exchange change are the main reasons for the forecast.  Full Article

Denso Corp - EU antitrust regulators to fine Japanese car accelerators cartel - sources - Reuters
Monday, 25 Jan 2016 05:33am EST 

Denso Corp:EU antitrust regulators are set to hand down fines shortly to a cartel of Japanese car parts makers involved in fixing prices of car accelerators and starters, two people familiar with the matter said on Monday - RTRS.The companies in the cartel are world No. 2 parts maker Denso, Mitsubishi Electric Corp and a Hitachi Ltd unit, the people said - RTRS.It was not clear if there was a whistleblower among them and which company this was. Companies which report a cartel to the European Commission are not sanctioned - RTRS.Commission spokesman Ricardo Cardoso declined to comment. A Denso spokesman said: "We are not in a position to comment on the investigation." Hitachi and Mitsubishi Electric officials were not immediately available for comment - RTRS.  Full Article

R&I affirms Denso Corp's rating at "AA+" and announces stable outlook
Friday, 15 Jan 2016 01:00am EST 

Denso Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA+".Rating outlook stable.  Full Article

Denso amends consolidated full-year outlook for FY 2016
Thursday, 29 Oct 2015 11:20pm EDT 

Denso Corp:Says the company increased the consolidated full-year outlook for revenue to 4,520,000 mln yen from 4,470,000 mln yen, for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 350,000 mln yen from 380,000 mln yen.Sees a decrease of ordinary profit forecast to 383,000 mln yen from 414,000 mln yen.Sees a decrease of net profit forecast to 260,000 mln yen from 280,000 mln yen.Sees a decrease of earnings per share to 326.92 yen from 350.97 yen.FY 2016 revenues of 4,553.69 billion yen, net income of 293.19 billion yen – Thomson Reuters I/B/E/S.  Full Article

Denso raises consolidated mid-year and full-year outlook for FY 2016
Thursday, 30 Jul 2015 10:20pm EDT 

Denso Corp:Says the company increased the consolidated mid-year outlook for revenue to 2,240,000 mln yen from 2,160,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 170,000 mln yen from 160,000 mln yen.Ordinary profit forecast increased to 192,000 mln yen from 175,000 mln yen.Net profit forecast increased to 130,000 mln yen from 118,000 mln yen.Earnings per share increased to 162.95 yen from 147.93 yen.Says the company reaffirmed the consolidated full-year outlook for revenue at 4,470,000 million yen for the fiscal year ending March 31, 2016.Confirms the operating profit forecast at 380,000 million yen.Ordinary profit forecast increased to 414,000 mln yen from 407,000 mln yen.Net profit forecast increased to 280,000 mln yen from 275,000 mln yen.Earnings per share increased to 350.97 yen from 344.74 yen.FY 2016 revenues of 4,545.79 billion yen, net income of 299.94 billion yen – Thomson Reuters I/B/E/S.Comments the profit on currency exchange due to the yen devaluation is the main reason for the forecast.  Full Article

Denso to issue year-end dividend for FY 2015
Monday, 27 Apr 2015 10:20pm EDT 

Denso Corp:To issue a year-end dividend of 63 yen per share, for the FY ended March 2015.Dividend issued to shareholders of record as of March 31.Dividend payment date June 22.Says the dividend amount is above the latest forecast of 48 yen per share disclosed on April 25, 2014.  Full Article

Cryomax Cooling System signs technical support contract with Denso
Saturday, 18 Apr 2015 12:12pm EDT 

Cryomax Cooling System Corp:Signed a technical support contract with Denso Corporation on April 17.  Full Article

Denso Corp with 4 other companies fined by S. Korea for price-fixing - Reuters
Thursday, 26 Mar 2015 02:46pm EDT 

Denso Corp:South Korea's antitrust regulator will fine five auto parts firms, including Denso Corp., NGK Spark Plug and their local units, a total of 3.5 billion Korean won ($3.2 million) for fixing prices and rigging bids for engine parts - Reuters.The Fair Trade Commission said the five firms colluded on bid prices and winners for parts tenders made by South Korea's automakers, Hyundai Motor and Kia Motors, from 2008 and 2011.Denso and its South Korean unit will face a combined fine of a 1.36 billion won.NGK Spark Plug and its South Korean subsidiary will be fined 1.513 billion won and local firm Yura Tech will be fined 629 million won.  Full Article

BRIEF-Denso to pay additional $193.8 mln to US consumers in auto parts settlement

* Japan's Denso to pay out additional $193.8 million to American consumers in auto parts settlement - attorneys Source text for Eikon: Further company coverage: (Reporting By Chris Gallagher)