Denso targets US$8bil in revenue by 2025

The parts maker raised its 2025 revenue target by 20% from last year. — Bloomberg

TOKYO: Japanese automotive supplier Denso aims to increase its revenue from electrification to 1.2 trillion yen (US$8bil) by the 2025 business year and 1.7 trillion yen by the turn of the decade, it says.

Denso said yesterday it aimed to grow its revenue from advanced-driver assistance systems to 520 billion yen by the 2025 business year and said it would further unwind cross-shareholdings, according to presentation materials.