TOKYO — Four major Toyota Motor group companies cut profit guidance for the year ending March, as sluggish automobile production in China ripples through the supply chain.
Parts maker Denso, one of eight major group companies that announced earnings for the April-September period on Thursday, cut the fiscal year forecast for consolidated net profit by 88 billion yen to 437 billion yen ($2.9 billion), still a 40% increase from a year ago.
