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Minkabu survey: DENSO CORPORATION <6902> ranks 5th in rising bearish sentiment among retail investors
DENSO CORPORATION <6902> ranked 5th in "rising bearish sentiment" as of 11:00 a.m. on the 30th, according to "Retail Investor Forecasts (Latest 48 Hours)" compiled by Minkabu.
DENSO announced its earnings forecast for the fiscal year ending March 2027 during trading hours on the 28th, the previous business day, alongside the release of its consolidated financial results for the fiscal year ending March 2026. The company projects sales of 7,670 billion yen for the current fiscal year, up 1.7% from the previous year, while net profit is expected to decline 13.9% to 382 billion yen. Operating profit is expected to be pressured by human capital investments, component costs, development expenses, and uncertainty risks including the Middle East situation. The assumed exchange rates are 153 yen per U.S. dollar and 180 yen per euro. DENSO's shares fell to a year-to-date low on the same day as selling intensified due to concerns over the declining profit outlook. The increase in bearish forecasts appears to reflect the presence of investors wary of rising downside risks. The company's shares showed an autonomous rebound on the 30th.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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