News

DENSO announced as corporate sponsor of Detroit-based NextEnergy venture services program

Press Releases

DETROIT– NextEnergy, one of the nation’s leading accelerators of advanced technologies, is partnering with global automotive supplier DENSO in an effort to accelerate the implementation and commercialization of advanced mobility and smart city technologies.

“DENSO is excited and proud to be sponsoring NextEnergy,” said Tony Cannestra, the Director of Corporate Ventures for DENSO International America.  “We believe that working with NextEnergy to expand our knowledge of startup companies in the Midwest will be very valuable to DENSO’s external innovation efforts.  In addition to that, NextEnergy’s commitment to clean energy advancement is an excellent fit to DENSO’s long-term corporate goal of pursuing eco-friendly partnerships.”

As part of the partnership, DENSO International America, Inc. (DIAM) becomes a corporate sponsor of NextEnergy’s venture services program, and NextEnergy will serve as a strategic advisor to DIAM’s Corporate Venture Group, which is based in San Jose, California. In addition to early insight on new technologies as they are being developed, the partnership will provide DENSO with networking, startup engagement and other relationship-building opportunities as well as an avenue for potential investments in NextEnergy clients.

“Collaboration for the purpose of accelerating technologies is the core of what we do,” said Jean Redfield, president and CEO of NextEnergy. “As part of our partnership with DENSO, we’re striving to help them meet their business goals by providing first-hand knowledge of collaboration opportunities with NextEnergy clients and technologies.”

This corporate sponsorship aligns with DENSO’s corporate environmental policy and action planto help resolve environmental and energy issues and conduct business in harmony with nature. DENSO’s ECO VISION policy, which was first launched in 1997, has been in place for nearly 20 years.

About NextEnergy:
Founded in 2002 as 501(c)(3) nonprofit organization, NextEnergy is one of the nation’s leading accelerators of advanced energy and transportation technologies, businesses and industries. NextEnergy drives technology demonstration and commercialization; delivers industry and venture development services; and provides an authoritative voice in the public sector. Since its inception, NextEnergy has helped attract more than $1.5 billion of new investment, including programs in excess of $160 million in which NextEnergy has directly participated. For more information, visit nextenergy.org.

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in Alabama, Arkansas, California, Iowa, Georgia, Kentucky Michigan, North Carolina, Ohio, Pennsylvania South Carolina, Tennessee and Texas. DENSO’s North American headquarters is located in Southfield, Michigan. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Improves Performance of In-vehicle Vision Sensors*

Press Releases

KARIYA (Japan) – DENSO Corporation today announced that the image sensors provided by Sony Semiconductor Solutions Corporation has helped DENSO improve the performance of its in-vehicle vision sensors* and can now detect pedestrians during night conditions. This improvement helps strengthen DENSO’s suite of Advanced Driver Assistant systems used to help prevent traffic accidents.

Traffic accidents occurring at night often involve pedestrians and can cause severe injury. The New Car Assessment Program (NCAP) followed in Europe and Japan, is considering including night-time pedestrians within the scope of collision avoidance in its safety performance evaluation standards for automatic braking systems. The newly developed vision sensors will help meet this new safety requirement.

Sony’s highly sensitive image sensors, which are also used in surveillance and other monitoring devices, enable cameras to take clear images of objects even at night. DENSO has improved the quality of Sony’s image sensors in terms of ease of installation, heat resistance, vibration resistance, etc. to be used in vehicle-mounted vision sensors. DENSO has also used Sony’s image signal processors (ISPs) for noise reduction and optimization of camera exposure parameters to better recognize and take clearer images of pedestrians at night.

Sony holds the largest share of the global image sensor market. Its image sensors are used in a wide variety of products including digital cameras, smartphones, and other home electronics.

DENSO is developing technologies and products to help create a society free from traffic accidents. Based on these, DENSO will continue to contribute to building a safe and secure automotive society for all people around the world, not just for drivers and pedestrians.

* Vision Sensors
Vision sensors are used with cameras to detect white lines on roads and objects ahead.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Named 2016 OE Supplier of the Year by Pronto

Press Releases

LONG BEACH, Calif. – DENSO Products and Services Americas, Inc., a division of leading global automotive supplier DENSO Corp., captured the National Pronto Association’s 2016 Original Equipment (OE) Supplier of the Year Award at the aftermarket buyer group’s recent Fall Membership Meeting in Fort Worth, Texas. The honor marks the ninth time in 10 consecutive years DENSO has earned the prestigious award.

“The OE Supplier Award is a tremendous honor that speaks to the valued partnership we have with the Pronto organization and its members,” said Jose Ramirez, manager of Aftermarket Sales. “Each time we receive it, we redouble our efforts to earn it again.”

The superior quality of DENSO automotive products, outstanding customer service – including filling orders quickly and reliably – and low defective rate are among the reasons DENSO once again rose to the top of the National Pronto Association’s OE supplier list. The group represents nearly 100 member distributors serving thousands of auto parts stores and service centers daily whose customers routinely ask for DENSO brand products by name.

About DENSO Products and Services Americas, Inc.
DENSO Products and Services Americas, Inc. is an automotive components sales, remanufacturing and distribution company that employs 500 people in Long Beach and Murrieta, Calif. The company’s product line includes heavy-duty and automotive alternators, starters, oil, cabin and air filters, spark plugs, AC compressors, oxygen sensors, ignition wires, fuel pumps, fuel injectors and wiper blades. DENSO Products and Services Americas supplies parts for original equipment service dealers, independent aftermarket service centers and retailers. In addition, the company distributes heavy-duty diesel and electrical components, portable commercial air-conditioning units and industrial robots. For more information, go to www.densoautoparts.com.

About DENSO in North America
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics, information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com or visit our media website at http://www.globaldenso.com/en/newsreleases/media-center/.

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DENSO and Toshiba Agree to Develop Artificial Intelligence Technology, Deep Neural Network-IP, for Next-generation Image Recognition Systems

Press Releases

KARIYA and TOKYO (Japan) – DENSO Corporation and Toshiba Corporation have reached a basic agreement to jointly develop an artificial intelligence technology called Deep Neural Network-Intellectual Property (DNN-IP), which will be used in image recognition systems which have been independently developed by the two companies to help achieve advanced driver assistance and automated driving technologies.

DNN, an algorithm modeled after the neural networks of the human brain, is expected to perform recognition processing as accurately as, or even better than the human brain. To achieve automated driving, automotive computers need to be able to identify different road traffic situations including a variety of obstacles and road markings, availability of road space for driving, and potentially dangerous situations. In image recognition based on conventional pattern recognition and machine learning, objects that need to be recognized by computers must be characterized and extracted in advance.

In DNN-based image recognition, computers can extract and learn the characteristics of objects on their own, thus significantly improving the accuracy of detection and identification of a wide range of objects.

Because of the rapid progress in DNN technology, the two companies plan to make the technology flexibly extendable to various network configurations. They will also make the technology able to be implemented on in-vehicle processors that are smaller, consume less power, and feature other optimizations.

DENSO has been developing DNN-IP for in-vehicle applications. By accelerating the process to commercialize DNN-IP through the joint development and incorporating DNN-IP in in-vehicle cameras, DENSO will develop high-performance, advanced driver assistance and automated driving systems, and continue to contribute to building a safe and secure automotive society for people around the world, not just for drivers and pedestrians.

In addition to its conventional image processing technologies, Toshiba will partition this jointly developed DNN-IP technology into dedicated hardware components and implement them on its in-vehicle image recognition processors to improve their image processing performance and enable them to process images using less power than image processing systems with digital signal processors (DSPs) or graphics processing units (GPUs).

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About Toshiba Corporation
Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into three focus business fields: Energythat sustains everyday life, that is cleaner and safer; Infrastructure that sustains quality of life; and Storage that sustains the advanced information society. Guided by the principles of The Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future”, Toshiba promotes global operations and is contributing to the realization of a world where generations to come can live better lives.

Founded in Tokyo in 1875, today’s Toshiba is at the heart of a global network of 550 consolidated companies employing 188,000 people worldwide, with annual sales surpassing 5.6 trillion yen (US$50 billion). (As of March 31, 2016.)

To find out more about Toshiba, visit www.toshiba.co.jp/index.htm

DENSO Lead Investor in THINCI Inc., a Deep Learning and Vision Processing Startup, to Help Accelerate Next Generation Automotive

Press Releases

SOUTHFIELD, Mich. –  DENSO International America, Inc. has entered into an investment agreement with THINCI Inc., an innovative deep-learning, vision processing startup developing innovative machine learning technology that enables the application of deep learning and vision processing in the automotive industry. With this investment, DENSO is looking to accelerate the final development and integration of THINCI’s innovative silicon and software technology into electronic systems that help enable driver assistance and autonomous driving, improve the efficiency of thermal systems, and optimize the productivity of the vehicle’s powertrain.

“DENSO has been researching new developments in the area of computer vision processing. We strongly believe that THINCI’s technology will soon become a key component of next generation autonomous driving systems that require advanced computing techniques combined with deep learning capabilities,” said Tony Cannestra, DENSO International America’s Director of Corporate Ventures.  “DENSO looks forward to supporting THINCI ‘s technology development and working with our OEM customers to deploy this technology into the automotive industry for autonomous drive.”

THINCI Inc. is a venture-backed, deep-learning vision processing start-up based in El Dorado Hills, Calif., with teams in California and Hyderabad, India. THINCI’s technology can be integrated into a wide range of applications, including advanced driver assistance systems in automobiles, personal electronics and smart home automation systems. THINCI developed a silicon architecture capable of processing extremely large amounts of data as fast as a human would, as well as the software infrastructure needed for the silicon to process this data. THINCI’s deep learning and vision processing replicates human vision.

“We are thrilled DENSO is our lead investor,” said THINCI CEO Dinakar Munagala. “The automotive industry is one of the earliest adopters of vision processing and deep learning technology. DENSO’s investment in THINCI’s trailblazing solution confirms our own belief that our innovation has much to offer, not only in the automobile but in the wide range of everyday products.”

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

Currently in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

DENSO Encourages STEM Careers and Dispels Myths on Manufacturing Day

Press Releases

SOUTHFIELD, Mich. – DENSO engineer Loren Sanders is one of those people who used to think manufacturing was boring, dirty and an unwise choice for a career path. He had planned to leave the mitten state after graduating from Western Michigan University, but changed his mind the first time he saw the production floor at DENSO. “I was like a kid in a candy store,” said Sanders. “We’re changing the future of manufacturing. I’m so excited and proud to be a part of that.”

DENSO hopes to continue to dispel manufacturing myths and also encourage students to pursue careers in science, technology, engineering and math (STEM) by opening its doors to high school and college students nationwide on National Manufacturing Day on October 7. DENSO is hosting onsite tours and also hands-on events at high schools and colleges in many of the communities in which it operates to spread the word that manufacturing is clean, green, innovative and creative. Events range from interactive activities to tours of the manufacturing facilities and presentations on exciting high-tech manufacturing careers.

Since 2012, DENSO in North America has invested nearly $1 billion to expand its operations and has created more than 2,000 jobs. With 25 manufacturing locations across North America, 21 of which are located in the United States, DENSO is proud of its manufacturing footprint, as well as offering job stability to its employees across the region.

DENSO is currently recruiting for open positions at various locations around the United States. If you’d like to join an innovative, technology-focused company, visit DENSO’s career page to find open positions that will give you a chance to use advanced technology to save lives, protect the environment and create a more comfortable and sustainable future.

What is Manufacturing Day?
Manufacturing Day? is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. It addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn’t. Manufacturers hope to address the skilled labor shortage and connect with future generations who will be key to the future of the industry. Although Manufacturing Day officially occurs on the first Friday in October it has been celebrated by DENSO in various locations over the past few weeks. The activities are co-produced by the Fabricators & Manufacturers Association, International (FMA), The National Association of Manufacturers, Manufacturing Extension Partnership and The Manufacturing Institute.

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

About DENSO in North America: 
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

Press Kit

DENSO Sends Students Back-to-School with $7,500 in Local Student Scholarships

Press Releases

BATTLE CREEK, MICH.DENSO Manufacturing Michigan, Inc. (DMMI), a leading supplier of automotive systems and components and the largest employer in Battle Creek, has awarded scholarships to five outstanding students through partnerships with the Battle Creek Community Foundation (BCCF) and the Battle Creek Area Math and Science Center (BCAMSC).

The DMMI Scholarship Fund was established in 1997 to assist children of DENSO associates with the rising cost of higher education. A selection committee from the Battle Creek Community Foundation chooses winners based on student activities and work experience.

The 2016 scholarship recipients are Abigail Cobb of Western Michigan University, Abigail Mullis of Saint Phillip Catholic Central High School and Dionna Eggleston of Kellogg Community College. Mullis will study at Central Michigan University in the fall and Eggleston recently received her Associate’s degree from KCC. She begins studies at Western Michigan University this fall.

“In a company of more than 3,000 hardworking associatesemployees, it’s no surprise that their children are impressive, too,” said Andris Staltmanis, DMMI President. “One of DENSO’s long-standing philosophies is the betterment and skill-attainment of our associates. Supporting their children extends that philosophy even farther into our community.”

DMMI created the BCAMSC scholarship in 2011 to honor the 25th anniversary of the company. The BCAMSC scholarship promotes math and science education and excellence by recognizing outstanding graduates of the center with financial assistance for college expenses.

Anne-e Jones of Lakeview High School and Alicia Ziegler of Harper Creek High School were both recognized for their exceptional academic achievements with the DMMI BCAMSC Scholarship this year.  Ziegler will attend Michigan State University this fall and Jones will go to the University of Michigan.

“The education you’ve received at the Math and Science Center has given you an excellent start,” Brenda Dredge, DMMI Director of New Product Introduction, told students in a speech at the BCAMSC. “We are fortunate to have the Math and Science Center in our community, and we are proud to help you as you start your college studies and this next phase of your lives.”

This year, in celebration of the 30th anniversary of DMMI, the company added an additional BCCF scholarship and increased all five scholarship amounts from $1,250 to $1,500.

DENSO Manufacturing Michigan, Inc. (DMMI) is the lead production facility for DENSO’s Thermal Systems North American Center (TAC) and the largest employer in Battle Creek. DMMI manufactures automotive air conditioning and engine cooling components and systems, including condensers, radiators, CRFMs (condenser, radiator, and fan modules), heater cores, evaporators and HVAC units. The DMMI campus in Battle Creek includes more than 1,380,000 square feet of manufacturing, warehouse and administrative floor space in 6 buildings on over 100 acres of land, and is the largest facility in Fort Custer Industrial Park.

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. Locally, DENSO Manufacturing Michigan, Inc. (DMMI) is the lead production facility for DENSO’s thermal manufacturing in North America and Battle Creek’s largest employer, with 2,927 people at its Battle Creek facility. For more information, go to www.densocorp-na.com. Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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Basic Agreement to Change the Capital Structure of FUJITSU TEN

Press Releases

Kariya, Tokyo and Toyota City, Japan, September 9, 2016 – DENSO Corporation, Fujitsu Limited, and Toyota Motor Corporation have reached a basic agreement to start consideration of changing the capital structure of FUJITSU TEN LIMITED, in which the three companies have stakes.

A review will be conducted to determine the specific changes, and the companies plan to reach a final agreement by the end of fiscal year ending March 31, 2017.

1. Objectives and background of capital structure change

In the automotive field, the interface between the driver and vehicle is becoming increasingly important due to remarkable technological innovations. Against this backdrop, DENSO has agreed with Fujitsu and Toyota to review specific changes to make FUJITSU TEN a group company of DENSO and enhance cooperation between the two companies in developing in-vehicle ECUs, millimeter-wave radar, advanced driver assistance / automated driving technologies, and basic electronic technologies, among others.

Fujitsu believes that information and communication technology (ICT) will become increasingly important in developing next-generation vehicles (e.g. connected cars, automated driving). Fujitsu will enhance its collaboration with DENSO and FUJITSU TEN to strengthen the automotive business and mobility IoT business.

By continuing on as FUJITSU TEN’s major shareholder, Toyota is expecting the increase of FUJITSU TEN ‘s corporate value, which is coupled with the strengthening of the competitiveness of its products. This in turn, contributes to Toyota’s goal of making ever-better cars.

FUJITSU TEN, formerly Kobe Industries Corp.,was established in 1949 following the dissolution of Kawanishi Machine Works (founded in 1920). After Kobe Industries Corp.’s merger with Fujitsu in 1968, FUJITSU TEN was established in 1972 as a spinoff of Fujitsu’s radio division. Since Toyota and DENSO took stakes in 1973, FUJITSU TEN has offered various products and services as a manufacturer of car electronics products including audio and multimedia. Recently, FUJITSU TEN has strengthened its Vehicle ICT business to create new value, while accelerating collaboration with the Fujitsu Group companies to transform itself from a supplier of standalone products to a system manufacturer that proposes and provides connected in-vehicle information equipment and services.

2.  Details of the basic agreement

DENSO, Fujitsu, and Toyota will consider changing the capital structure of FUJITSU TEN in which they have stakes as shown below.

Changes in the capital structure (planned)

Before change

After change

DENSO

10%

51%

Fujitsu

55%

14%

Toyota

35%

35%

 

FUJITSU TEN will take advantage of its competitive edge as a group company of DENSO (a general automotive component manufacturer) and continue to collaborate with the Fujitsu Group in the ICT field. These arrangements will enhance the development of advanced driver assistance/automated driving technologies and basic electronic technologies to make FUJITSU TEN a system manufacturer that provides connected in-vehicle information equipment and services.

3.  Future schedule

DENSO, Fujitsu and Toyota will determine specific changes. The stakeholders plan to reach a final agreement by the end of the fiscal year ending March 31, 2017.

4.  Company profile of FUJITSU TEN

1. Head office location 2-28, Gosho-dori 1-chome, Hyogo-ku, Kobe, Hyogo, Japan
2. Representative Chairman and Representative Director: Takashi Shigematsu
President and Representative Director: Akira Yamanaka
3. Establishment October 25, 1972
4. Capital 5.3 billion yen
5. Accounting year-end March 31
6. Employees 2,931 (10,318 on a consolidated basis) * As of the end of March 2016
7. Main businesses Development, manufacture, and sales of infotainment equipment and automotive electronics equipment
8. Sales 225.5 billion yen (363.3 billion yen on a consolidated basis) * Year ended in March 2016

Fujitsu Limited
Public and Investor Relations Division
https://www.fujitsu.com/global/about/resources/news/presscontacts/form/index.html

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.

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DENSO’s PowerEdge Video Captures Three 2016 Telly Awards

Press Releases

LONG BEACH, Calif. – DENSO Products and Services Americas, Inc., a division of leading global automotive supplier DENSO Corp., has earned three 2016 Telly Awards for its online video that launched PowerEdge, DENSO’s series of high-amp alternators developed for medium- and heavy-duty commercial trucks. Created for DENSO by the IMW Agency, an advertising and public relations firm based in Costa Mesa, Calif., the PowerEdge video earned Bronze Telly Awards for online commercial videos in three categories: automotive, copywriting and lighting.

The Annual Telly Awards honor television commercials and programs, video and film productions, online commercials, videos and films. Winners represent the best work of advertising agencies, production companies, television stations and corporate video departments around the globe.

“It’s an outstanding video about an outstanding product,” said Frank Jenkins, senior manager of DENSO’s Commercial and Heavy Duty Marketing Group. “This piece has had tremendous impact on PowerEdge sales, and we’re thrilled the media and advertising industry have recognized its exceptional quality.”

The 2:51-minute video showcases the PowerEdge with a narrative, guitar riff and camera angles that convey the product’s strength and reliability. Launched in 2015, PowerEdge alternators are uniquely designed to meet the higher electrical requirements and increased battery loads of the most powerful trucks on the road today. Weighing an average of 10 pounds less than competitors, PowerEdge is also the smallest and lightest alternator on the market. The product has an unmatched durability rating of more than 400,000 miles.

The 37th Annual Telly Awards were announced in June. Judges considered more than 12,000 entries from all 50 states and five continents. For more information on the DENSO PowerEdge alternator, visit http://densoheavyduty.com/alternators/poweredge-alternators.

About DENSO Products and Services Americas, Inc.
DENSO Products and Services Americas, Inc. is an automotive components sales, remanufacturing and distribution company that employs 500 people in Long Beach and Murrieta, Calif. The company’s product line includes heavy-duty and automotive alternators, starters, oil, cabin and air filters, spark plugs, AC compressors, oxygen sensors, ignition wires, fuel pumps, fuel injectors and wiper blades. DENSO Products and Services Americas supplies parts for original equipment service dealers, independent aftermarket service centers and retailers. In addition, the company distributes heavy-duty diesel and electrical components, portable commercial air-conditioning units and industrial robots. For more information, go to www.densoautoparts.com.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics, information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com or visit our media website at http://www.globaldenso.com/en/newsreleases/media-center/.

About DENSO in North America
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: http://www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Spark Plugs Power 3 NHRA Drivers to Victory in Indianapolis

Press Releases

LONG BEACH, Calif. – Riding on DENSO spark plugs, Pro Stock Motorcycle driver Andrew Hines enters the Countdown to the Championship ranked No. 1 after racing to victory at the NHRA’s Chevrolet Performance U.S. Nationals in Indianapolis. The six-day event extended through the Labor Day weekend at the Lucas Oil Raceway, home of the world’s oldest and most prestigious drag race, to close out the 18-race regular season of the 2016 NHRA Mello Yello Drag Racing Series.

Hines locked up his final in 6.862 seconds at 194.63 mph. Other weekend winners racing on DENSO spark plugs were Jeff Lopez, who captured the Stock Eliminator trophy in 9.395 seconds, and Tommy Phillips, who bested the Super Gas field with a 9.973-second run in the final.

“DENSO is thrilled to be part of the action as the series advances to the Countdown to the Championship,” said Larry Fidance, manager of Marketing for DENSO Products and Services Americas, Inc. “It’s exciting that DENSO has powered so many drivers to the top 10 in their class.”

As the series enters the six-race playoffs that make up the Countdown to the Championship, Hines leads the Pro Stock Motorcycle pack with a total of 2110 points. Other leaders powered by DENSO spark plugs include the top three drivers in the Pro Stock class: Jason Line, Greg Anderson and Bo Butner.

Fans may still enter the DENSO2Win NHRA Sweepstakes for the chance to win an exclusive trip for two to the NHRA Finals, Nov. 10-13, in Pomona, Calif. The prize includes round-trip airfare from anywhere in the continental U.S., a three-day, four-night hotel stay, tickets to the 2016 NHRA Finals, and VIP access to the NHRA drivers. The deadline to enter is Oct. 16. DENSO is a supporting sponsor of the entire series.

At every race, DENSO welcomes fans to its display on the midway to learn more about and purchase DENSO’s premium Iridium TT, Iridium Power and Iridium Racing spark plugs. DENSO is also posting its own race and product updates on Facebook, Twitter, Instagram and YouTube throughout the series. In early April, DENSO served as the title sponsor at the 17th annual DENSO Spark Plugs NHRA Nationals in Las Vegas.

For nearly half a century, DENSO, a leading global automotive supplier, has sponsored world-class motor sports, including NHRA, NASCAR, Formula One, World Rally Championship and Super GT races. DENSO spark plugs, alternators, radiators and engine management systems are among the precision original equipment and replacement auto parts widely used by professional racing teams on every circuit around the globe.

More information on DENSO spark plugs, as well as DENSO’s comprehensive lines of auto parts, is available at retail stores, wholesale distributors and www.densoautoparts.com. The DENSO website is also designed for easy mobile access by smartphone and tablet.

About DENSO Products and Services Americas, Inc.
DENSO Products and Services Americas, Inc. is an automotive components sales, remanufacturing and distribution company that employs 500 people in Long Beach and Murrieta, Calif. The company’s product line includes heavy-duty and automotive alternators, starters, oil, cabin and air filters, spark plugs, AC compressors, oxygen sensors, ignition wires, fuel pumps, fuel injectors and wiper blades. DENSO Products and Services Americas supplies parts for original equipment service dealers, independent aftermarket service centers and retailers. In addition, the company distributes heavy-duty diesel and electrical components, portable commercial air-conditioning units and industrial robots. For more information, go to www.densoautoparts.com.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics, information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com or visit our media website at http://www.globaldenso.com/en/newsreleases/media-center/.

About DENSO in North America
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: http://www.facebook.com/DENSOinNorthAmerica

# # #

DENSO to Advance Artificial Intelligence Knowledge, Signs Technical Advisory Contract with Carnegie Mellon University Professor Takeo Kanade

Press Releases

KARIYA (Japan) – In an effort to deepen and advance its knowledge in artificial intelligence, DENSO has entered into a technical advisory contract with one of the world’s foremost researchers in computer vision, Carnegie Mellon University Professor Dr. Takeo Kanade.  Through this contract, DENSO is looking to advance its artificial intelligence technology and expand its engineering expertise in the areas of advanced driver assistance systems (ADAS), autonomous drive, and the Internet of Things (IoT).

Dr. Kanade, a U.A. and Helen Whitaker University Professor of Robotics and Computer Science at Carnegie Mellon will provide technical guidance to DENSO engineers on image recognition and machine learning, and will also speak at lectures and seminars organized by DENSO for a variety of purposes, such as recruiting, relationship building, etc. These activities will be held mostly in Japan.

Dr. Kanade and DENSO have worked together from 2002-2009 on a joint research of image recognition technology. In addition, he has been a lecturer of DENSO’s high talent program organized by DENSO E&TS Training Center.

DENSO expects to use artificial intelligence technology in more areas of its business. Currently, it uses machine learning in its sensing technologies and applies them to its sensing products.

DENSO has developed technologies and products to help create a society free from road traffic accidents. Based on its accumulated technologies, DENSO will continue to contribute to building a safe and secure automotive society for all people around the world, not just for drivers and pedestrians.

About Dr. Kanade:
Dr. Kanade works in multiple areas of robotics: computer vision, multi-media, manipulators, autonomous mobile robots, medical robotics and sensors. He has written more than 400 technical papers and reports in these areas, and holds more than 20 patents. He has been the principal investigator of more than a dozen major vision and robotics projects at Carnegie Mellon.

Profile of Professor Takeo Kanade

  • Professor Takeo Kanade received his PhD in Electrical Engineering from Kyoto University in 1974. After serving as Assistant Professor at Kyoto University, he became a senior research engineer at the Robotics Institute of Carnegie Mellon University. At the Robotics Institute, he was appointed to Associate Professor and to Professor, and then he served as the Director from 1992 to 2001. In 2006, Professor Kanade established the Quality of Life Technology Center (QoLT) and became its Director.
  • From 2001 to 2009, he also served as the Director of the Digital Human Research Center (DHRC) at the National Institute of Advanced Industrial Science and Technology (AIST) in Japan. Currently, he is a Special Fellow of DHRC.
  • Foreign member of the National Academy of Engineering
  • Fellow of the American Academy of Arts & Science
  • Fellow of the Institute of Electrical and Electronics Engineers (IEEE), American Association of Artificial Intelligence, Institute of Electronics, Information and Communication Engineers (IEICE), and Robotics Society of Japan
  • Special Adviser to the Advanced Integrated Intelligence Platform Project (AIP) administered by Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT)

Awards
NEC C&C Award, Joseph Engelberger Award, Japan Robot Association (JARA) Award, Japan Society of Artificial Intelligence (JSAI) Career Achievement Award, Otto Franc Award, Marr Prize Award, Benjamin Franklin Institute Medal and Bower Award, IEEE International Conference on Computer Vision (ICCV) Azriel Rosenfeld Lifetime Achievement Award
Okawa Prize from the Okawa Foundation for Information and Telecommunications, IEEE Robots and Automation Society Pioneer Award, Kyoto Prize

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

 

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DENSO Announces First -quarter Financial Results

Press Releases

KARIYA (Japan) – DENSO Corporation today announced its global financial results for the first quarter ending June 30, 2016 for fiscal year ending March 31, 2017:

  • Consolidated revenue totaled 1,092.8 billion yen (US$10.6 billion), an 1.2 percent decrease from the previous year.
  • Consolidated operating profit totaled 67.2 billion yen (US$652.9 million), a 22.5 percent decrease from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 46.1 billion yen (US$448.1 million), a 37.6 percent decrease from the previous year.

“Despite the production volume increase and the growth in sales, DENSO’s revenue and operating profit decreased due to the appreciation of the yen,” said Yasushi Matsui, executive director of DENSO Corporation.

In Japan, impact of the exchange rate of export sales led to a decrease in revenue to 616.6 billion yen (US$6.0 billion), an 1.2 percent decrease from the previous year. The increase in R&D cost for future growth in addition to the impact of the exchange rate of export sales led to an operating profit of 14.2 billion yen (US$137.6 million), a 67.3 percent decrease from the previous year.

In North America, despite an increase in car production and sales expansion, boosted by the steady economic growth, impact of exchange rate led to a decrease in revenue to 266.2 billion yen (US$2.6 billion), a 6.2 percent decrease from the previous year. As a result of the increase in production volume, the operating profit totaled 16.6 billion yen (US$161.1 million), a 12.5 percent increase from the previous year.

In Europe, car production increase and sales expansion due to the moderate recovery of the market led to an increase in revenue to 154.5 billion yen (US$1.5 billion), an 1.3 percent increase from the previous year. The production volume increase and the growth in sales led to the increase in the operating profit to 6.8 billion yen (US$66.5 million), a 61.3 percent increase from the previous year.
In Asia, despite the increase of car production and sales expansion, impact of exchange rate resulted in a revenue decrease of 278.1 billion yen (US$2.7 billion), a 2.5 percent decrease from the previous year. As a result of the increase in production volume, an operating profit totaled 24.5 billion yen (US$237.8 million), a 15.1 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 15.7 billion yen (US$152.5 million), an 1.8 percent decrease from the previous year. The operating profit totaled 648 million yen (US$6.3 million).

“Considering the appreciation of the yen, we have decided to revise the original forecasts for the first-half and full-year financial results,” said Matsui.
(Foreign exchange rates used for the first-half financial result forecast are US$= 107yen Euro=119 yen, and for the full-year are US$= 106 yen, Euro= 117 yen)

Forecast for Fiscal Year Ending March 31, 2017

First-Half Forecast (Revised)

Full-Year Forecast (Revised)

Changes from Previous FY

Revenue

2,170.0 billion yen
[US$21.1 billion]

4,400.0 billion yen
[US$42.8 billion]

-124.5 billion yen
(-2.8 percent)

Operating profit

127.0 billion yen
[US$1.2 billion]

284.0 billion yen
[US$2.8 billion]

-31.7 billion yen
(-10.0 percent)

Profit before income taxes

136.0 billion yen
[US$1.3 billion]

310.0 billion yen
[US$3.0 billion]

-37.3 billion yen
(-10.7 percent)

Profit attributable to owners of the parent company

86.0 billion yen
[US$0.8 billion]

203.0 billion yen
[US$2.0 billion]

-41.3 billion yen
(-16.9 percent)

 

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 102.91 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market June 30, 2016. Billion is used in the American sense of one thousand million.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. Locally, DENSO Manufacturing Michigan, Inc. (DMMI) is the lead production facility for DENSO’s thermal manufacturing in North America and Battle Creek’s largest employer, with 2,927 people at its Battle Creek facility. For more information, go to www.densocorp-na.com. Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Products and Services Americas Inks Deal With Tiffin Motorhomes

Press Releases

LONG BEACH, Calif. – DENSO Product and Services Americas announces an agreement with Tiffin Motorhomes to supply RV dash air-conditioning (AC) systems for installation in Tiffin’s entire line of Class A motorhomes. This announcement is a result of a strategic partnership established with Tiffin over the last year.

The DENSO products being installed into Tiffin Motorhomes include a completely integrated Heating, Ventilation Air Conditioning (HVAC) system and dash control panel for streamlined assembly. The units are 35 percent smaller than previous units and are significantly better in cooling, heating and defroster performance. This gives Tiffin another significant feature to promote in the highly competitive motorhome market.

“The new DENSO AC dash system is ‘Built to Exceed’ and is designed to reinforce Tiffin Motorhome’s focus on customer satisfaction. Tiffin has been known for its product innovations, many of which come directly from the voice of their customers. DENSO’s new dash A/C system features a sophisticated electronic multiple-zone climate control module and state-of-the-art air filtration and servomotors for optimal performance and comfort,” explained Frank Jenkins, Senior Manager of Heavy Duty Group at DENSO Products and Services Americas.

More information on DENSO Commercial products can be found at densoheavyduty.com or contact your authorized DENSO distributor.

About Tiffin MotorHomes:

Tiffin is one of the nation’s leading manufacturers of Class A motorhomes. Since August of 1972, the family owned business has endeavored to build a quality motorhome, while offering superior customer service. And this goal remains the focus of the three generations working at Tiffin Motorhomes.

Tiffin Motorhomes is always searching for innovative ways to improve their products. While these innovations are often discovered through research and development at their plants, customer feedback is also taken seriously. Customer appreciation is why Tiffin Motorhomes stands by the motto: “Ask Someone Who Owns One.” Tiffin Motorhomes consistently strives to surpass industry standards for design, reliability, quality, and warranty. Tiffin Motorhomes are truly “Made To Move You.”

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Arkansas and Alabama. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO in Maryville, Tennessee Breaks Ground on New Onsite Consolidated Warehouse

Press Releases

MARYVILLE, TN – Last year, DENSO Manufacturing Tennessee, Inc. (DMTN) announced a $400 million investment to expand manufacturing lines, which would result in the creation of 500 new jobs. Today, the company broke ground on a key portion of this investment – a 186,528 square foot consolidated warehouse, located on its Maryville, Tenn. campus. The warehouse is due to be complete by October 2017.

The new warehouse allows DMTN to consolidate its various warehouse operations in the Maryville area and free up manufacturing space that can be used to produce products, such as head-up displays, instrument clusters and electronic control units.

“As we continue to expand, we also renew our commitment to serve our customers with our best efforts and to make important new contributions to the economic well-being of Blount County, East Tennessee and the region as whole,” said Jack Helmboldt, President and CEO of the company.

Due to the creation of 500 new jobs, DENSO is currently hiring for team members in Production, Logistics, and Maintenance. Also currently needed are experienced production leaders as well as a variety of professional positions. Anyone interested in applying for a position at DENSO should visit www.densocareers.com

About DENSO Corporation: DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Arkansas and Alabama. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

Settlements of Class Action Lawsuits in the U.S.

Press Releases

KARIYA (Japan) – DENSO Corporation (hereafter “DENSO”) and its certain consolidated subsidiaries have entered into Settlement Agreements with the Automobile Dealership Plaintiffs and End-Payor Plaintiffs in putative class action lawsuits in the United States.

1. Background of Lawsuits and Settlements
Since October 2011, putative auto parts class action lawsuits have been brought against DENSO in the United States alleging that the plaintiffs incurred damages as a result of alleged violations of the United States antitrust laws. These lawsuits have been merged as a multi-district-litigation pending in the U.S. District Court, Eastern District of Michigan. After extensive negotiations, DENSO has reached settlements with the Automobile Dealership Plaintiffs and the End-Payor Plaintiffs. These settlements are still subject to approval by the Court.

2. Settlement Plaintiffs
Automobile Dealership Plaintiffs and End-Payor Plaintiffs

3. Settlement Amount
US$61.2 million (approximately 6.4 billion yen) to the Automobile Dealership Plaintiffs and
US$193.8 million (approximately 20.4 billion yen) to the End-Payor Plaintiffs.

4. Effect on Financials
DENSO does not expect any significant impact on its consolidated financial forecast for the year ending March 31, 2017 as a result of this matter.

It is DENSO’s policy to comply with all applicable antitrust laws. Since its U.S. subsidiary was raided by the U.S. Department of Justice in February 2010, DENSO group companies have been taking various preventive measures, including implementing more stringent compliance rules, more enhanced compliance training and more meticulous compliance monitoring, in order to further ensure that they comply with all applicable antitrust laws. DENSO believes it is in complete compliance with all antitrust laws.

DENSO is committed to prevent recurrence of any inappropriate conduct and strives to restore full confidence from all stakeholders by complying with all applicable antitrust laws around the world.

# # #

DENSO in Battle Creek to Invest Over $37 Million; Awarded Michigan Strategic Fund Grant for Up to $687,500

Press Releases

BATTLE CREEK, Mich. – Global auto supplier DENSO announced today an investment in the future –
more than US$37 million in machinery and equipment to expand automation at its DENSO Manufacturing Michigan, Inc. (DMMI) manufacturing facility in Battle Creek. The investment supports localization of component manufacturing for several customers. The Michigan Strategic Fund (MSF) also awarded DENSO a performance-based grant for up to $687,500 to train current and future employees preparing for higher skilled jobs. The grant will also provide funds for English as a second language (ESL) training with a manufacturing focus that DMMI will create and share with the community.

“The jobs DENSO offers today are significantly different than when we started production in Battle Creek 30 years ago,” said Andris Staltmanis, DMMI President. “We are excited to make this investment to train and prepare our current and future employees for these higher-skilled, higher-paying, sustainable jobs. This is a critical step to help DENSO stay competitive and we appreciate the support from the Michigan Strategic Fund.”

DMMI has created 300 Lead Associate positions, a new, skills-based production job designed to support their next generation product manufacturing. MSF funding, combined with a $125,000 training and relocation incentive from Battle Creek Unlimited, will support both on-site training classes and formal instruction at Kellogg Community College. Lead Associates receive more than 130 hours of formal instruction in addition to extensive on-the-job training.

“In addition to Lead Associate training, DMMI is excited to develop and share ESL training designed for manufacturing careers,” Staltmanis said. “Helping our ESL employees be more successful on the job will open pathways for them to move up in the company and realize their potential.”

Manufacturing-focused ESL curriculum will also benefit the community through partnerships with local cultural and educational institutions who will be invited to use and adapt the materials.

“A more educated community reaps benefits beyond where the employee works,” Staltmanis said. “DENSO is the largest manufacturing operation in Battle Creek, but our partners in the Fort Custer Industrial Park and other areas will also be able to access this specialized information to benefit their workforce and the broader community.”

DMMI is planning to hire 125 employees as a part of the investment and training initiative. A job fair to fill more than 60 open direct hire manufacturing and skilled trades positions will be held on Saturday, July 30 from 9 a.m. to 2 p.m. at their Battle Creek facility. For more information, visit http://goo.gl/upq0Ag.

DENSO Manufacturing Michigan, Inc. (DMMI) is the lead production facility for DENSO’s Thermal Systems North American Center (TAC) and the largest employer in Battle Creek. DMMI manufactures automotive air conditioning and engine cooling components and systems, including condensers, radiators, CRFMs (condenser, radiator, and fan modules), heater cores, evaporators and HVAC units .The DMMI campus in Battle Creek comprises more than 1,380,000 square feet of manufacturing, warehouse and administrative floor space in 6 buildings on over 100 acres of land, and is the largest facility in Fort Custer Industrial Park.

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. Locally, DENSO Manufacturing Michigan, Inc. (DMMI) is the lead production facility for DENSO’s thermal manufacturing in North America and Battle Creek’s largest employer, with 2,927 people at its Battle Creek facility. For more information, go to www.densocorp-na.com. Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Joins Auto-ISAC to Advance Vehicle Cybersecurity Protections

Press Releases

SOUTHFIELD, Mich. – In an effort to advance vehicle cybersecurity protections, global automotive supplier DENSO joined the Automotive Information Sharing and Analysis Center (Auto-ISAC) in June as a Tier 1 supplier member.

“DENSO is committed to protecting lives by making cars safer and more reliable,” said Roger Berg, vice president, North America Research and Development, DENSO International America, Inc. “Our Auto-ISAC membership helps us to continue in that mission by collaborating with automotive OEMs and suppliers to share meaningful information about  cyber-attack vulnerability and recovery strategies. Our expertise in connected vehicles and the technologies that make them work will help us aid customers in ensuring a secure driving environment.”

Auto-ISAC was formed in July 2015 in a collective effort by the auto industry to establish a secure platform for sharing, tracking and analyzing intelligence about cyber threats and potential vulnerabilities. It was modeled after similar programs in the aviation and financial industries.

The Auto-ISAC operates as a central hub that allows members to anonymously submit and receive information to help them more effectively counter cyber threats in real time. Currently, Auto-ISAC members account for more than 99 percent of light-duty vehicles on the road in North America.

In addition, as a global automotive industry leader, DENSO supports advanced research and development activities in technological innovation, with key focus areas of cyber security, big data and autonomous driving.

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America:
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Awarded a Medal from the Institute of Electrical and Electronics Engineers (IEEE)

Press Releases

KARIYA (Japan) – The Institute of Electrical and Electronics Engineers (IEEE) awarded DENSO
the IEEE Medal for Environmental and Safety Technologies for being the first company in the world to commercialize an electronically controlled injection system (diesel common rail), which has made a significant contribution to the spread of clean diesel vehicles. The award ceremony was held in New York on Saturday, June 18, 2016, and was accepted by Executive Vice President Masahiko Miyaki and Executive Directors’ Yukihiro Shinohara and Katsuhiko Takeuchi.

In 1995, DENSO became the first company in the world to mass-produce an electronically controlled fuel injection system that achieved high-pressure and multistage injection. The common rail system significantly improved emissions, which helped change people’s negative perception of diesel vehicles being “dirty.”

Notably, the common rail system helped expand the market share of diesel passenger cars in Europe. In 2013, DENSO developed and mass-produced a system that achieved ultra-high pressure injection of 250 MPa making emissions cleaner than ever before. Prior to this, in 2012, DENSO became the first company in the world to mass-produce the i-ART (intelligent Accuracy Refinement Technology) system. A pressure sensor is built into the fuel injector to measure the injection pressure on a real-time basis and control the timing and injection volume for each injector, helping increase fuel efficiency and reduce the amount of hazardous substances in the emissions.

DENSO will continue its efforts to increase fuel injection pressure and accuracy in order to meet the increasingly strict emission regulations around the world and the growing need for higher fuel efficiency. Furthermore, DENSO will deliver products that meet the regional needs of its customers around the world.

About the Institute of Electrical and Electronics Engineers:
Headquartered in the U.S., IEEE is the largest organization in the world that specializes in the electrical and electronics field. It mainly serves as an engineering institute and as an industrial technology standardization organization.

About IEEE Medal for Environmental and Safety Technologies
An IEEE Medal is awarded to researchers, engineers, or teams (who are selected by IEEE each year) who have significantly contributed to technology innovations and the development of businesses and industries. An IEEE Medal for Environmental and Safety Technologies is awarded for outstanding accomplishments in the fields of the environment and safety.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Launches Traffic Safety Education Programs with Mitsui Sumitomo Insurance

Press Releases

KARIYA, Japan – DENSO Corporation is partnering with Mitsui Sumitomo Insurance Co., Ltd., a global insurance company headquartered in Japan, to launch a traffic safety education program in Thailand, China and Japan. Local DENSO employees will have the opportunity to participate as instructors to help raise awareness of the specific traffic issues in each country.

For years, DENSO has implemented traffic safety activities in various countries and regions. Now, in collaboration with Mitsui Sumitomo Insurance, and InterRisk Research Institute & Consulting, Inc. (a group company of Mitsui Sumitomo Insurance), both of which have extensive traffic safety data and expertise, will prepare educational materials to help train employee volunteers at DENSO and Mitsui Sumitomo Insurance to be safety instructors at local schools and facilities.

DENSO and Mitsui Sumitomo Insurance employee instructors aim to improve attitudes towards global traffic safety. Through these programs the companies hope to achieve a society free of accidents involving drivers and vulnerable road users, such as pedestrians.

Details of the activities in each country
In Thailand, many traffic accidents involve motorcycles and those who do not wear helmets are most at risk of being seriously injured. Motorcycle drivers and passengers are required to wear helmets to ensure their safety. Traffic safety education will be offered at elementary schools. focusing on children and their guardians, especially to encourage them to wear helmets, many of which are donated.

  • In China, traffic safety education is rarely provided and many children are involved in traffic accidents. Traffic safety educational materials have been created for children, and employee instructors are visiting elementary schools. The program started in the community near DENSO’s base in China.
  • In Japan, traffic safety programs will be organized for senior citizens as they often are involved in traffic accidents. In Kariya, Aichi (where DENSO’s head office is located), DENSO organized a campaign to distribute light reflector stickers and encourage citizens to put them on their shoes, in order to raise awareness about traffic safety when walking at night. This campaign will be expanded to other areas.

Toward 2020, the DENSO Group will help solve social issues through its business operations by focusing on the environment and security and safety to create a better future and preserve the planet.

Photos taken during activities
On June 13, elementary school students at the Shanghai Technical Center in China experienced traffic safety educational activities.

On June 29, traffic safety education was given at an elementary school in the suburbs of Bangkok, Thailand (Samut Prakan Province) and five hundred helmets were donated.

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

# # #

Denso acquires stake in NTT DATA MSE to strengthen active safety technology development

Press Releases

KARIYA, Japan – In an effort to strengthen the development of software for active safety technologies in the vehicle, DENSO Corporation has secured a 15 percent stake in NTT DATA MSE, a software developer for in-vehicle platforms.

The Company, in order to reduce traffic accidents, is focusing on technology development in the safety field. This investment in NTT DATA MSE Corporation is to encourage safer driving through the use of HMI (Human Machine Interface), with an aim to improve the efficiency of software development.

In recent years, advanced driver assistance and HMI, such as warning displays to encourage safe driving, have become increasingly important, and the development of the software that controls these technologies has become sophisticated and complex. NTT DATA MSE, Inc. has engaged in the development of mobile terminal software and vehicle-mounted devices with built-in software. By collaborating with NTT DATA MSE, Inc. we are, carrying out the development of the software that controls the HMI efficiently, and we aim to accelerate technology development in the prevention safety field.

DENSO’s vision is that all people can have peace of mind, around the world, by taking advantage of the technology that has been developed so far, and in the future, including drivers and pedestrians, contributing to the realization of a safe automotive society.

NTT DATA MSE , Inc. Overview

1. Location: Kanagawa Prefecture, Kohoku-ku, Yokohama
2. Representatives: President Hidenori Tsuzuki
3. Established: 1979
4. Capital: 320 million yen
5. Number of employees: 1,113 people
6. Business: IoT services business, product service business , Automotive business
7. Ownership: NTT DATA Corporation 45%, Panasonic System Networks Co., Ltd. 40%, Denso 15%

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica
# # #

DENSO Foundation gives more than $1 million in grants to 24 colleges and universities to advance engineering and skilled trades education

Press Releases

SOUTHFIELD, Mich. – Text books can only take you so far. But complement a student’s textbook knowledge with hands-on problem solving, troubleshooting, teamwork and technical work – now you have an engineer or technical expert ready to develop, improve and build technologies that will help our society.

That’s what the DENSO North America Foundation believes. On Monday, June 20, 2016, the DENSO North America Foundation (DNAF) awarded more than $1 million to 24 colleges and universities across North America. Funds support advancing education in skilled trades, active safety and robotics programs, student vehicle teams, learning labs and more.

“The best learning experiences are when things don’t work how you expected them to work, or how the text book explained,” said Doug Patton, president of the DENSO North America Foundation and executive vice president of Engineering at DENSO International America, Inc. “That’s why we want students to get their hands on technology. They need to get their hands dirty and figure out how things work, how to fix, test, and develop technology, how to innovate and think creatively.”

DNAF is the philanthropic arm of global auto parts supplier DENSO’s North American headquarters, DENSO International America, Inc. Since 2001, the DNAF has been dedicated to advancing the auto industry through grants to colleges and universities. The Foundation provides students with technology, tools and experiences similar to that of the professional workplace they’ll experience after graduation.

“The Foundation not only focuses on engineering programs, but also skilled trades and robots as these are becoming increasingly important in the automotive and technology industries,” said Mike Brackett, member of the DNAF Board of Directors and senior vice president at DENSO Manufacturing Tennessee. “Many students have an incorrect image of what manufacturing is today. It’s very high tech, interesting and exciting! Through hands-on programs, students can find out if they excel in these much needed areas. These may be the same people who loved to tinker with cars, or take things apart and put them back together; however, until they obtain hands-on experience with robotics or skilled trades, they probably don’t know how they can translate these passions into a career.”

In addition to the Foundation’s efforts, DENSO also supports students one-on-one with its expertise through mentorship, connecting students with DENSO experts to give them a better idea of what being an engineer or technical professional means. DENSO supports programs around the country and the world such as FIRST Robotics, Project Lead the Way and Society of Automotive Engineering Collegiate Design Series as a part of this mentoring effort. DENSO also has an extensive co-op student program where students are given a high level of responsibility and gain real-world experience.

Congratulations to the 2016 DNAF Grant Recipients

Arkansas Northeastern College
Arkansas State University
California State University – Long Beach
Cleveland State Community College
Conestoga College
Kellogg Community College
Kettering University
Lawrence Technological University
Michigan State University
Michigan Technological University
North Carolina State
Northwestern University
Oakland University
Ohio State University
Pellissippi State Technical College
Tennessee College of Applied Technology
Tennessee Tech University
Trine University
University of Detroit Mercy
University of Kentucky
University of Michigan – Dearborn
University of Tennessee at Chattanooga
University of Tennessee at Knoxville
Western Michigan University

View Infographic >

About the DENSO North America Foundation
A registered 501(c)3 corporate foundation, The DENSO North America Foundation is dedicated to helping students advance their education in engineering, technology and other related programs. Founded in 2001, the Foundation provides grants to colleges and universities throughout North America, helping our communities prosper through the development of a skilled and knowledgeable workforce. The Foundation also provides disaster relief grants through the American Red Cross to aid persons and communities in which DENSO Corporation operates. For more information, visit http://densofoundation.org.

About DENSO in North America
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Announces its Updated Environmental Policy: ECO VISION 2025

Press Releases

KARIYA (Japan) – DENSO Corporation has formulated ECO VISION 2025, its 10-year environmental policy and action plan to help resolve environmental and energy issues and conduct business in harmony with nature. DENSO’s ECO VISON policy, which was first launched in 1997, has been in place for nearly 20 years.

In fiscal 2015, DENSO achieved its fiscal 2016 targets for CO2 emissions with a reduction of 66% based on its basic unit,* compared with fiscal 1991, and with a reduction of 19% on a global basis compared with fiscal 2011. (* Basic unit = CO2 emissions divided by sales)

DENSO’s ECO VISION 2025 outlines three targets (Target 3) to be achieved by 2025 and also outlines 10 specific action plans (Action 10) to achieve these targets in the areas of products, factories, employees, and management.

Target 3

Energy 1/2

Contribute to permanent maintenance of global environment by the technologies that can solve the problems of global warming, energy and resources.

DENSO will attempt to halve automotive CO2 emissions by developing new technologies and products to improve fuel efficiency and use various fuels in vehicles.
Moreover, at its factories, DENSO will implement Energy Just-in-Time (JIT) activities and logistic control to respond to fluctuations in production, thereby cutting its energy consumption and reducing CO2 emissions by half.

Clean x 2

Comply with laws and promote continuous improvement in order to provide reassurance to all stakeholders and remain a corporation that grows with the society.

To gain the confidence of all stakeholders, DENSO will continuously strive to improve ways to halve the impacts of environmentally hazardous substances that it uses and its industrial emissions and waste. DENSO will also contribute to improving air quality in the regions where it operates by developing technology to reduce vehicle exhaust emissions, as well as decrease waste and water usage at its factories and throughout its logistics chain. Moreover, DENSO will provide its employees with a wider range of environmental learning programs to encourage them to become more aware of the global environment and take action to help create a sustainable society.

Green x 2

Realize a society with sharing nature’s wisdom and benefit in order to take over rich natural environment to the next generation through cooperate activity aiming at symbiosis with nature.

To pass on a rich natural environment to future generations, DENSO will promote green environmental businesses, such as biofuel research and agricultural support, and enhance factory greening to conduct business in harmony with nature.
In each of its operating regions and companies, DENSO will implement social action programs and hold events under the theme of the environment to encourage its employees to raise their environmental awareness and engage in environmental activities. Furthermore, DENSO will help build environmentally friendly communities.

Through the activities stated in DENSO ECO VISION 2025, DENSO will create new environmental values, preserve the planet, and prepare a bright future for future generations.

Target 3 consists of three targets and Action 10 identifies 10 specific actions.

Related links
DENSO ECO VISION 2025  http://globaldenso/en/ecovision/
CSR report 2015 http://www.globaldenso.com/en/csr/report/2015/

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

 

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 112.68 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on Mar 31, 2016. Billion is used in the American sense of one thousand million.

# # #

DENSO Announces Year-end Financial Results

Press Releases

KARIYA (Japan) ?DENSO Corporation today announced its global financial results for the fiscal year ending March 31, 2016:

  • Consolidated revenue totaled 4,524.5 billion yen (US$40.2 billion), a 5.0 percent increase from the previous year.
  • Consolidated operating profit totaled 315.7 billion yen (US$2.8 billion), a 4.7 percent decrease from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 244.3 billion yen (US$2.2 billion), a 5.5 percent decrease from the previous year.

“DENSO’s revenue increased due to an overseas production volume increase and the growth in sales in addition to the impact of the weak yen. On the other hand, despite cost reduction effort and the production volume increase, operating profit decreased due to the increase in research and development cost and start-up cost for new products,” said Koji Arima, president and CEO of DENSO Corporation.

In Japan, a production volume decrease mainly in compact cars led to a decrease in revenue to 2,646.6 billion yen (US$23.5 billion), a 0.7 percent decrease from the previous year. The increase in R&D cost for future growth in addition to the decrease in production volume and other expenses led to an operating profit of 154.5 billion yen (US$1.4 billion), a 21.5 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in revenue to 1,112.7 billion yen (US$9.9 billion), a 15.1 percent increase from the previous year. As a result of the increase in production volume, the operating profit totaled 47.7 billion yen (US$423.4 million), a 20.8 percent increase from the previous year.

In Europe, car production increased due to the recovery of the economic slump, which led to an increase in revenue to 593.6 billion yen (US$5.3 billion), a 7.0 percent increase from the previous year. Despite the production volume increase and the growth in sales, the depreciation expenses and other costs for start-up products led to the decrease in the operating profit to 14.4 billion yen (US$127.9 million), a 14.3 percent decrease from the previous year.

In Asia, the increase of car production resulted in a revenue increase of 1,161.2 billion yen (US$10.3 billion), a 10.6 percent increase from the previous year. As a result of the increase in production volume as well as cost reduction effort, an operating profit totaled 96.6 billion yen (US$857.2 million), a 19.4 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 59.5 billion yen (US$528.0 million), a 19.4 percent decrease from the previous year. The operating loss totaled 2.0 billion yen (US$17.8 million).

“For the new fiscal year, despite production volume increase and the growth in sales, revenue and operating profit will decrease due to the exchange rate. ” said Arima.
(Foreign exchange rates used for the next fiscal year are US$= 110 yen, Euro= 125yen)

Forecast for Fiscal Year Ending March 31, 2017

Half-Year Forecast

Full-Year Forecast

Changes from Previous FY

Revenue

2,200.0 billion yen
[US$19.5 billion]

4,500.0 billion yen
[US$39.9 billion]

-24.5 billion yen
(-0.5 percent)

Operating profit

133.0 billion yen
[US$1.2 billion]

313.0 billion yen
[US$2.8 billion]

-2.7 billion yen
(-0.9 percent)

Profit before income taxes

148.0 billion yen
[US$ 1.3 billion]

342.0 billion yen
[US$3.0 billion]

-5.3 billion yen
(-1.5 percent)

Profit attributable to owners of the parent company

102.0 billion yen
[US$ 0.9 billion]

235.0 billion yen
[US$2.1 billion]

-9.3 billion yen
(-3.8 percent)

 

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

 

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 112.68 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on Mar 31, 2016. Billion is used in the American sense of one thousand million.

# # #

DENSO Announces North American Executive Management Changes

Press Releases Senior Management Announcement

SOUTHFIELD, Mich. – DENSO announced today the following executive management changes. These changes will be effective after the 93th Annual General Meeting of Shareholders at DENSO’s global headquarters on June 21, 2016 .

Kenichiro “Ken” Ito will serve as chairman of DENSO’s North American Board of Directors and chairman and chief executive officer (CEO) of DENSO International America, Inc., DENSO’s North American corporate headquarters. Located in Southfield, Michigan, Ito will oversee all North American group companies and affiliates. He will be responsible for strengthening our One DENSO approach to business and the DENSO brand in North America. Previously, he served as executive director of the Corporate Planning, Finance & Accounting Division and Business Innovation Department at DENSO Corporation in Japan. Ito will assume the position from Sadahiro “Sam” Usui who will serve as CEO of DENSO International Europe B.V.

Hisaaki Sato will serve as president and chief operating officer of DENSO International America, Inc., responsible for overseeing all aspects of business related to OEM customers for DENSO in the Americas. Previously, he served as executive director of Global Sales & Business Development, Global Business Planning, Chubu Sales and Hiroshima Sales divisions at DENSO Corporation. Sato will assume the position from Kazumasa “Kaz” Kimura who will serve as executive director of Global Sales & Business Development, Global Business Planning, Chubu Sales and Hiroshima Sales divisions.

Satoshi “Scott” Inukai will be promoted to senior director of Global DENSO. Inukai will serve as chief manufacturing officer (CMO) of DENSO International America, Inc., responsible for overseeing all aspects of manufacturing in North America in addition to the lead of North America Production Innovation Center.

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

About DENSO in North America: 
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Announces Management Changes

Press Releases Senior Management Announcement

KARIYA (Japan) DENSO Corporation today announced management changes, which were approved at today’s board of directors meeting. Changes will take place after the 93th Annual General Meeting of Shareholders on June 21, 2016.

1.Changes of Members of the Board
(1)New Member:
  Hiroyuki Wakabayashi, Senior Executive Director, Member of the Board,
(from Senior Executive Director)

(2)Resignation:
Akio Tajima

2. Changes of Senior Executive Directors
(1)New Member:
Shoji Tsuzuki (from Executive Director)

(2)Resignation:
Akio Tajima

3. Changes of Executive Directors
(1)New Members:
Terutaka Kageyama (from Senior Director, Toyota Sales Div.)
Yasushi Mukai (from Vice President, DENSO(CHINA) INVESTMENT CO.,LTD.)
Katsuhiko Takeuchi (from Head of Business Unit, Diesel Injection Business Unit)

(2)Resignation:
Masanari Murakami

DENSO’s New Organization

New management 
(1) 13 Board of Directors
(2)  5 Audit and Supervisory Board Members
(3) 11 Senior Executive Directors (5 Members of the Board)
(4) 29 Executive Directors

Board of Directors         *Representative,  **Outside

Title

Name

Chairman

Nobuaki Katoh*

Vice Chairman

Koji Kobayashi*

President & CEO

Koji Arima*

Executive Vice President

Masahiko Miyaki*

Haruya Maruyama*

Yasushi Yamanaka*

Member of the Board

George Olcott**

Takashi Nawa**

Yoshikazu Makino

Michio Adachi

?Hiroyuki Wakabayashi

Satoshi Iwata

Masahiko Ito

 

Audit & Supervisory Board Members                                      **Outside

Title

Name

Audit & Supervisory Board Member

Masato Iwase

Atsuhiko Shimmura

Moritaka Yoshida**

Tsutomu Saito**

Toshimichi Kondo**

 

Senior Executive Directors                                  ***Member of the Board

Title

Name

Senior Executive Director

Yoshikazu Makino***

Michio Adachi***

Hiroyuki Wakabayashi***

Satoshi Iwata***

Masahiko Ito***

Toshiyuki Kato

Sadahiro Usui

Katsuhisa Shimokawa

Yukihiko Murakami

Hiroyuki Ina

?Shoji Tsuzuki

 

Executive Directors

Title

Name

Executive Director

Shingo Kuwamura

Yukihiro Kato

Yoshifumi Kato

Yukihiro Shinohara

Kazumasa Kimura

Bunichi Kondo

Masanori Tsuruta

Yasuhiro Iida

Kenichiro Ito

Hideaki Matsuki

Shinsuke Yamaguchi

Yoshitaka Kajita

Jiro Ebihara

Jack Helmboldt

Yuji Ishizuka

Yasuhiko Yamazaki

Hisaaki Sato

Hajime Kumabe

Yasushi Matsui

Hirotsugu Takeuchi

Masato Nakagawa

Keiko Shimokata

Yutaka Yamanouchi

Hisashi Iida

Marco Di Rao Marotta

Shinnosuke Hayashi

  • Terutaka Kageyama
  • Yasushi Mukai
  • Katsuhiko Takeuchi
  • Newly-appointed

 

New Responsibility

Board of Directors                                                  Changes are underlined

Title

Name

Responsibility

Chairman

Nobuaki Katoh

Vice Chairman

Koji Kobayashi

President & CEO

Koji Arima

Executive
Vice President

Masahiko Miyaki

Support of President & CEO, Overall Production,
Safety & Environment, Quality Center

Haruya Maruyama

Support of President & CEO, Overall Sales and Marketing,
Corporate Strategy, Sales and Marketing Group

Yasushi Yamanaka

Support of President & CEO, Overall R&D,
Future Creation Technology

Member of the Board

George Olcott

Outside board member

Takashi Nawa

 Outside board member

Yoshikazu Makino

Corporate Center, Thermal Systems Business Group,
Audit Department

Michio Adachi

Powertrain Control Systems Business Group

?Hiroyuki Wakabayashi

ADAS Technology Strategy,
ADAS Business and Technology Development Div., Information & Safety Systems Business Group

Satoshi Iwata

Information & Safety Systems Business Group (Deputy),
Tokyo Office

Masahiko Ito

Aftermarket, Fleet & New Business Group,
New Business Promotion Department

Senior Executive Directors

Title

Name

Responsibility

Senior Executive Director

Toshiyuki Kato

Toyota Sales Division, Osaka Sales Division

Sadahiro Usui

Head of Europe,
DENSO INTERNATIONAL EUROPE B.V.

Katsuhisa Shimokawa

Production Innovation Center

Yukihiko Murakami

DENSO (CHINA) INVESTMENT CO., LTD.

Hiroyuki Ina

Electronic Systems Business Group

Shoji Tsuzuki

Purchasing Group

Executive Directors

Title

Name

Responsibility

Executive Director

Shingo Kuwamura

ASMO CO., LTD.

Yukihiro Kato

Information and Communications Technology Business Unit

Yoshifumi Kato

Engineering Research & Development Center

Yukihiro Shinohara

Powertrain Control Systems Business Group (Deputy)

Kazumasa Kimura

Global Sales & Business Development Division,
Global Business Planning Division,
Chubu Sales Division, Hiroshima Sales Division

Bunichi Kondo

Tokyo Sales Division

Masanori Tsuruta

Electronics Device Business Unit

Yasuhiro Iida

Thermal Systems Business Group (Deputy)

Kenichiro Ito

Head of North America,
DENSO INTERNATIONAL AMERICA, INC.

Hideaki Matsuki

DENSO INTERNATIONAL ASIA PTE.,LTD.

Shinsuke Yamaguchi

DENSO (THAILAND) CO., LTD.

Yoshitaka Kajita

Head of Asia-Oceania,
DENSO INTERNATIONAL ASIA CO., LTD.

Jiro Ebihara

DENSO MANUFACTURING HUNGARY LTD.

Jack Helmboldt

DENSO MANUFACTURING TENNESSEE, INC.

Yuji Ishizuka

Sales and Marketing of Europe,
DENSO AUTOMOTIVE DEUTSCHLAND GMBH

Yasuhiko Yamazaki

Innovative Production & Factory Promotion Division, Production Engineering Research Division,
Materials Eng. R&D Division, Machinery & Tools Division, Prototype Mfg. Division, Parts Engineering Division,
Parts Manufacturing Division

Hisaaki Sato

Sales and Marketing of North, Central & South America

Hajime Kumabe

Driving Assist & Safety Business Unit, Electric Control Components Division

Yasushi Matsui

Corporate Planning Division, Finance & Accounting Division, Business Innovation Department

Hirotsugu Takeuchi

Air-conditioning Business Unit, Thermal Systems R&D Function Unit

Masato Nakagawa

Engineering of Europe

Keiko Shimokata

Health Care Promotion Division, DP Diversity & Inclusion Promotion Department

Yutaka Yamanouchi

Information Strategy Planning Division, Facility Division, Strategic Production Planning Division,
Production Control Division, Logistics Planning Division

Hisashi Iida

Engine Control Components Business Unit,
System Control Components Business Unit

Marco Di Rao Marotta

Thermal Systems Business of Europe,
DENSO THERMAL SYSTEMS S.p.A.

Sinnosuke Hayashi

Electronics Business Unit

?Terutaka Kageyama

Toyota Sales Engineering

?Yasushi Mukai

Corporate Communications Division, Legal Division,
General Admin. Division, Human Resources Division,
Plant General Administration

?Katsuhiko Takeuchi

Diesel Injection Business Unit,
Gasoline Injection Business Unit

  • Newly-appointed

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.globaldenso.com/en/newsreleases/media-center/

# # #

DENSO Forms 50/50 Joint Venture with Chinese-based Refrigerator Manufacturer

Press Releases

KARIYA (Japan) –DENSO Corporation has formed a 50/50 joint venture with Kingtec Technologies (Heyuan) Co., Ltd. (Kingtec), a Chinese-based company that develops, designs, manufacturers, and sells truck refrigeration in China and other parts of the world.
The joint venture company, named Guangdong KINGTEC DENSO Refrigeration Equipment Co., Ltd, will mainly provide products used in transportation vehicles, including trucks and trailers. It will also explore the possibility of providing products for storage and other services needed for transportation. The new company is capitalized at 30 million yuan or approximately $4.8 million USD* half of which will financed by DENSO (CHINA) Investment Co., Ltd., DENSO’s regional headquarters in China. Production will being in May 2016.

The purpose of the joint venture is to combine Kingtec’s diversified product line and cost competitiveness with DENSO’s outstanding technologies and unparalleled quality. This will enable DENSO to strengthen its refrigerator development and sales and contribute to improving food safety and reliability in China, as well as acquire the foothold it needs to expand its cold chain business worldwide.

In China, with increasing consumer awareness and concerns about food safety, a better cold chain is required to ensure the temperature control of food products being shipped to consumers after production. Because of this, the refrigerator market, including those for vehicles, is expected to continue to grow.

 Profile of the joint venture

1. Name

Guangdong KINGTEC DENSO Refrigeration Equipment Co., Ltd.

2. Location

Heyuan City, Guangdong Province, People’s Republic of China

3. Chairman/President

Chairman: Yuan Xudong; President: Toru Ikemoto

4. Establishment

March 2016

5. Capital

30 million yuan (approximately. 4.8 million USD)

6. Ownership

50 percent owned by DENSO (CHINA) Investment Co., Ltd. and 50percent by Kingtec

7. Employees

Approx. 140 (at the time of starting operations)

8. Business description

Designing, developing, manufacturing, and selling refrigerator

 

Reference: Profile of Kingtec

1. Location

Heyuan City, Guangdong Province, People’s Republic of China

2. Chairman/President

Chairman: Yuan Xudong; President: Cui Jian

3. Establishment

October 2006

4. Capital

8 million USD

5. Employees

Approx. 230 (as of March 2016)

6. Business description

Designing, manufacturing, and selling refrigerator

* The foreign exchange rate used for this announcement is 18.5 yen to the Chinese yuan and 115 yen to the US doller.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 146,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Announces Third-quarter Financial Results

Press Releases

KARIYA (Japan) – DENSO Corp. today announced its third quarter global financial results for the nine months of the fiscal year ending March 31, 2016:

  • Consolidated revenue totaled 3,370.9 billion yen (US$27.9 billion), a 6.6 percent increase from the previous year.
  • Consolidated operating profit totaled 243.1 billion yen (US$2.0 billion), a 2.3 percent increase from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 191.3 billion yen (US$1.6 billion), an 1.9 percent increase from the previous year.

“DENSO’s revenue increased due to an overseas production volume increase and the growth in sales in addition to the impact of the weak yen. Operating profit increased due to the production volume increase and the cost reduction effort in addition to the depreciation of yen,” said Kenichiro Ito, executive director of DENSO Corporation.

In Japan, a production volume decrease mainly in compact cars led to a decrease in revenue to 1,967.4 billion yen (US$16.3 billion), an 0.3 percent decrease from the previous year. The decrease in production volume in addition to the increase in R&D cost for future growth and other expenses led to an operating profit of 126.5 billion yen (US$1.0 billion), a 14.2 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in revenue to 828.1 billion yen (US$6.9 billion), a 19.0 percent increase from the previous year. As a result of the increase in production volume, the operating profit totaled 32.2 billion yen (US$266.7 million), a 19.0 percent increase from the previous year.

In Europe, car production increased due to the recovery of the economic slump, which led to an increase in revenue to 440.6 billion yen (US$3.7 billion), a 9.4 percent increase from the previous year. Due to the start-up costs, the operating profit totaled 10.7 billion yen (US$88.8 million), a 0.2 percent decrease from the previous year.

In Asia, the increase of car production resulted in a revenue increase of 883.1 billion yen (US$7.3 billion), a 14.4 percent increase from the previous year. As a result of the increase in production volume as well as cost reduction effort, an operating profit totaled 73.4 billion yen (US$608.8 million), a 34.7 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 45.9 billion yen (US$380.9 million), a 19.2 percent decrease from the previous year. The operating loss totaled 1.4 billion yen (US$11.4 million).

“Considering the financial results of the third quarter, as well as the change in foreign exchange rate, we have decided to revise the original forecast for the full-year financial results,” said Ito. (Foreign exchange rates used for the full-year are: US$= 120 yen Euro=132 yen)

Forecast for Fiscal Year Ending March 31, 2016

Full-Year Forecast
(Original)

Full-Year Forecast
(Revised)

Revenue

4,520.0 billion yen
[US$37.5 billion]

4,480.0 billion yen
[US$37.1 billion]

Operating profit

350.0 billion yen
[US$2.9 billion]

332.0 billion yen
[US$2.8 billion]

Profit before income taxes

383.0 billion yen
[US$3.2 billion]

370.0 billion yen
[US$3.1 billion]

Profit attributable to owners of the parent company

260.0 billion yen
[US$2.2 billion]

248.0 billion yen
[US$2.1 billion]

 

About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 146,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 120.61 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on Dec 30, 2015. Billion is used in the American sense of one thousand million.

# # #

The European Commission’s Announcement Concerning the EU Competition Law related to Certain Automotive Components

Press Releases

KARIYA (Japan) – On January 27, 2016 (Central European Time), the European Commission (the Commission) announced that it had imposed fines on certain automotive suppliers that infringed the EU competition law in connection with past sales of automotive starters and alternators.

The Commission has investigated this matter at certain automotive suppliers including DENSO Corporation, and DENSO has fully cooperated with the investigation.

As per the Commission’s announcement, DENSO Corporation was named as one of the suppliers that had infringed EU competition law. However, the company received full immunity from fines because the company had completely eliminated the conduct that was suspected to be in infringement before the Commission’s investigation, and because it applied to the Commission for the leniency program in regard to suspected illegal conduct related to sales of automotive starters and alternators, which was granted by the Commission.

It is DENSO’s policy to comply with all applicable competition laws. Since learning of the investigation that was conducted at its U.S. subsidiary by the U.S. Department of Justice in February 2010, the company has taken various measures, including implementing even more stringent compliance rules and even more enhanced compliance training to further ensure that its employees comply with all applicable competition laws. DENSO believes that it has remained in complete compliance with all competition laws.

DENSO is committed to compliance with all applicable competition laws around the world.

# # #

MACI to Ship 100 Millionth Compressor Unit – from Jackson to the World!

Press Releases

Parma, MI – Associates at Michigan Automotive Compressor, Inc. (MACI) are counting down the semi-trucks leaving the building loaded with brand new automotive air-conditioning compressor units.  Sometime in just the next three days MACI will ship our 100 millionth product.

100,000,000 is a milestone of monumental proportions for the manufacturer on the west side of Jackson County, MI, which just celebrated its 25th Anniversary of Production this year.  Over the past 25 years, MACI has added 3 major building expansions until it is over 1 million square feet; grown from 250 to 1,050 associates (employees) and added many millions of dollars of new manufacturing equipment, most notably new production lines and cells for the new variable-type compressor which is quickly growing in popularity in the automotive industry.

Earlier in the year, associates submitted estimates of when the actual compressor will ship in an informal competition.  The person who proves to have the closest guess will receive a Michigan get-away weekend package to celebrate.

“100 million is a measure of the value added by associates to the metal and materials we use in each compressor unit,” said MACI’s President Todd Ishikawa.  “It is the quality focus of associates that is responsible for our success, not the equipment.  Our people build our future a little more each day.”

MACI was established in 1989 and started production in June of 1990.  The largest manufacturing employer in Jackson, MACI employs 1,050 associates.  The company is a joint-venture between Toyota Industries Corporation (TICO) and DENSO Corporation of Japan.  MACI manufactures automotive air-conditioning compressor units for many automotive manufacturers including GM, Chrysler, Ford, Toyota, and Honda, as well as Freightliner and John Deere.  www.michauto.com

# # #

DENSO Forges Partnership with Morpho, an Image Processing Technology R&D Company

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO Corporation today has entered into a joint development agreement with Morpho, Inc. a Tokyo-based company focused on research, development and image processing technology. Under the terms, DENSO and Morpho will jointly develop image recognition technology that uses image processing technology and engage in *deep learning. This joint development agreement will help DENSO strengthen its safety-related technologies, which is a core area of focus for the company.

In addition, DENSO and Morpho signed a share subscription agreement in which DENSO will subscribe to all new shares to be issued by Morpho. This agreement is to ensure the two companies develop a mutually beneficial relationship and successfully conduct joint technology development.

DENSO and Morpho expect to promote the technological development of surround monitoring systems, including electronic rearview mirrors and other advanced driving support systems that use image processing technology and basic research on automated driving using deep learning.

DENSO will work with Morpho to enhance and accelerate the development of technology that can contribute to a safer and more secure automotive society. DENSO has developed products and technology to help build a society free from road accidents. By using the technologies that it has accumulated over the years, DENSO will continue to work on the creation of an automotive society that is safe and secure for all people, including drivers and pedestrians, around the world.

About DENSO: DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

About DENSO in North America: Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

About Morhpo:
Morpho, Inc., established in 2004, has built substantial brand recognition in the field of software image processing for mobile devices. Customers utilizing Morpho, Inc.’s software technologies include carriers, processing platform providers and mobile device manufacturers making the company a global player in mobile imaging. For more information visit http://www.morphoinc.com/en/ or contact m-info-pr@morphoinc.com. or follow us on Facebook

* Deep learning is a branch of machine learning based on a set of algorithms.

Profile of Morpho

1. Name:

Morpho, Inc.

2. Location:

Chiyoda First Bldg, East 12F, 3-8-1 Nishi-kanda, Chiyoda-ku, Tokyo

3. Representative:

President Masaki Hilaga

4. Establishment:

2004

5. Capital:

892.75 million yen (Approximately 7.28 million $USD*)(as of October 31, 2015)

6. Sales:

1,405.64 million yen (Approximately 11.47 million $USD*) (consolidated basis in October 2014)

7. Employees:

62 (consolidated basis as of October 31, 2015)

* Exchange rate used is 122.58 yen to the US one dollar, at the end of November 2015 for convenience only.

# # #

DENSO Announces First-half Financial Results

Press Releases

KARIYA (Japan) – DENSO Corp. today announced its global financial results for the first half of the fiscal year ending March 31, 2016:

  • Consolidated revenue totaled 2,228.5 billion yen (US$18.6 billion), a 7.6 percent increase from the previous year.
  • Consolidated operating profit totaled 148.0 billion yen (US$1.2 billion), a 1.2 percent decrease from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 113.1 billion yen (US$942.4 million), a 0.9 percent increase from the previous year.

“DENSO’s revenue increased due to an overseas production volume increase and the growth in sales in addition to the impact of the weak yen. On the other hand, operating profit decreased due to the increase in research and development cost and start-up cost for new products,” said Koji Arima, president and CEO of DENSO Corporation.

In Japan, a production volume decrease mainly in compact cars led to a decrease in revenue to 1,282.8 billion yen (US$10.7 billion), a 0.9 percent decrease from the previous year. The decrease in production volume and the increase in R&D cost, start-up cost and other expenses led to an operating profit of 71.4 billion yen (US$595.4 million), a 24.5 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in revenue to 557.0 billion yen (US$4.6 billion), a 24.8 percent increase from the previous year. As a result of the increase in production volume, the operating profit totaled 25.0 billion yen (US$208.1 million), an 79.4 percent increase from the previous year.

In Europe, car production increased due to the recovery of the economic slump, which led to an increase in revenue to 295.4 billion yen (US$2.5 billion), a 11.4 percent increase from the previous year. Due to the start-up costs, the operating profit totaled 6.2 billion yen (US$51.7 million), a 13.1 percent decrease from the previous year.

In Asia, the increase of car production resulted in a revenue increase of 575.6 billion yen (US$4.8 billion), a 16.2 percent increase from the previous year. As a result of the increase in production volume as well as depreciation of yen, an operating profit totaled 42.3 billion yen (US$352.3 million), a 28.6 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 32.2 billion yen (US$268.5 million), a 14.7 percent decrease from the previous year. The operating loss totaled 0.7 billion yen (US$5.7 million).

“Considering the financial results in the first-half, as well as the market trend, we have decided to revise the original forecast for the full-year financial results,” said Ito. (Foreign exchange rates used for the full-year are: US$= 121 yen Euro=133 yen)

Forecast for Fiscal Year Ending March 31, 2016

Full-Year Forecast(Original)

Full-Year Forecast (Revised)

Revenue

4,470.0 billion yen
[US$37.3 billion]

4,520.0 billion yen
[US$37.7 billion]

Operating profit

380.0 billion yen
[US$3.2 billion]

350.0 billion yen
[US$2.9 billion]

Profit before income taxes

414.0 billion yen
[US$3.5 billion]

383.0 billion yen
[US$3.2 billion]

Profit attributable to owners of the parent company

280.0 billion yen
[US$2.3 billion]

260.0 billion yen
[US$2.2 billion]

 

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.

U.S. dollar amounts have been translated, for convenience only, at the rate of 122.45 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on June 30, 2015. Billion is used in the American sense of one thousand million.

About DENSO: DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

DENSO Develops Products Used in Toyota’s New Prius

Press Releases

KARIYA (Japan) – DENSO Corporation is helping Toyota Motor Corp. make its next generation Prius safer, more fuel efficient and greener for the environment. DENSO has worked with Toyota to develop new hybrid, sensing and thermal technologies that help improve the safety, comfort and environmental performance of Toyota’s new Prius, which launches in Japan in December and in other regions around the world early 2016.

The new products related to the environment are a power control unit and a motor stator, which are smaller and lighter than the previous models. The technologies related to safety inlcude a millimeter-wave radar sensor, vision sensor, and an ITS Connect-supported in-vehicle device, which improves safety such as collision prevention. Moreover, a new, more energy efficient automotive air conditioning system helps improve the comfort and environmental performance of the new Prius.

1. Power Control Unit:
As hybrid vehicles become increasingly sophisticated, the power control unit, which regulates the current flow from the battery to the electric motor, is required to be smaller, yet more powerful. The new power control unit, which has a more efficient cooling structure and a more highly integrated semiconductor device, is about 33 percent smaller than that of the previous Prius.

2. Motor Stator:
Motors in hybrid vehicles are used as drive motors but they also function as generators, converting energy during coasting and braking. The stator, which is a key component of a motor, produces a magnetic field when the stator coil windings are energized, which in turn rotates the motor.

The new motor stator, which has been developed by DENSO and Toyota, is made with a new, innovative coil winding technique and is about 20 percent lighter than that used in the previous Prius.

3. Millimeter-Wave Radar Sensor and Vision Sensor:
These sensors are part of Toyota’s Safety Sense P (TSSP) safety package, which is used in Toyota’s mid-range and luxury vehicle models. The millimeter-wave radar sensor uses radio waves to measure the distance and direction of the object ahead, while the vision sensor uses a camera to detect road lane markings and the object in front .

Previously, these sensors worked separately; however, DENSO has enabled them to work with each other while making full use of the advantages of each sensor to achieve more rapid and accurate detection. This has helped the development of practical safety functions including autonomous emergency braking (vehicle and pedestrian), full- speed range adaptive cruise control, lane departure warning and lane keeping assist, and, automatic high beam.

4. Wireless unit for ITS Connect service:
The wireless unit for ITS Connect service is a radio communication device to help prevent road accidents and improve traffic efficiency. The new in-vehicle device has three functions: (1) to communicate via radio waves with vehicles and roadside communication devices in real-time within several hundred meters, (2) to determine the latitude and longitude of the location of the vehicle to send this information to nearby vehicles, and (3) to analyze the traffic situation based on the information obtained via radio communication, and thus determine what driving support system needs to be activated. These functions help enable the operation of ITS Connect, which provides vehicle-to-infrastructure and vehicle-to-vehicle communications
* A cooperative driving support system that uses the dedicated ITS frequency of 760 MHz for road-to-vehicle and vehicle-to-vehicle communications

5. Automotive air conditioning system:
DENSO’s new automotive air conditioning system uses a more efficient electric compressor and an ejector-integrated evaporator (heat exchanger), which reduces power consumption for air cooling by about 18 percent compared to the system used in the previous Prius.

Moreover, this air conditioning system has a two-layer recirculated/fresh air unit to draw in external air while circulating internal air to ensure the performance of air heating during the winter months and prevent the windshield from fogging up. This reduces the heat loss due to air ventilation by 30 percent. The double suction blower structure is designed to deliver warm internal air to the feet of the vehicle occupants and cool external air to the windshield to prevent it from fogging up, in order to ensure the air heating performance and visibility.

About DENSO: DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

DENSO to Exhibit at the 44th Tokyo Motor Show

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO Corporation will exhibit at the 44th Tokyo Motor Show being held at the Tokyo International Exhibition Center Oct. 30 – Nov. 8. Under the theme “Protecting Lives, Preserving the Planet, and Preparing a Bright Future for Generations to Come,” DENSO will display a wide range of products and technologies in the areas of safety and environment. In addition, DENSO’s global president will speak at a news conference on Oct. 29 at 13:00 where he will talk about the company’s approach to environment and safety technologies, including autonomous driving, as well as its commitment to superior manufacturing.

Safety-related Technologies
DENSO will showcase its Safety and Human Machine Interface (HMI) technologies in a simulator called the Harmonious Communication Cockpit that will allow visitors to experience future driving technologies. DENSO’s simulator include the following technologies: a large-screen head-up display (HUD) that will project important information onto the windshield; an active footrest that leans in the direction the vehicle is moving to notify the driver when lane change assistance is activated; a lighting indicator in the instrument cluster, called harmonious lumi that illuminates and informs the driver of potential obstacles; a driver status monitor that uses a camera to detect the driver’s attentiveness level; and, an electric mirror that uses a camera to display rear and side images and warn when it detects a potential threatening situation.

Visitors also can experience future driving scenarios like how the vehicle alerts the driver that they are approaching an accident and how the vehicle offers the driver an option to select automated driving in specific situations.
Also, DENSO will display sensing technology, such as vision sensors and millimeter-wave radar sensors, as well as connected vehicle technology, which establishes vehicle-to-infrastructure and vehicle-to-vehicle communication networks (V2X). DENSO believes these technologies are essential products and technologies for advanced driving support systems and advanced safety systems.

Environment-related Technologies
DENSO’s environment display will include an audiovisual presentation outlining its approach to creating a sustainable society from four different perspectives: 1) Increasing engine efficiency, 2) Increasing air conditioning efficiency, 3) Promoting the spread of electric vehicles; and, 4) Increasing the efficiency of energy use in micro grids.

DENSO’s exhibits to support these four initiatives will include gasoline direct injection systems, diesel engine common rail systems, and new products for electric and hybrid electric vehicles

DENSO also will exhibit in-vehicle electronic toll collection (ETC) units and other automotive aftermarket products at its booth.

About DENSO: DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

 

Details of DENSO’s news conference:
Date and time: 13:00 to 13:15, Thursday, October 29
Location: DENSO exhibition booth(E4201), East 4  Hall, Tokyo International Exhibition Center
Presenter: Koji Arima, President and CEO of DENSO Corporation

 

DENSO to Exhibit at the 22th ITS World Congress Bordeaux 2015

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO Corporation will exhibit at the 22nd World Congress on Intelligent Transport Systems in Bordeaux, France, October 5-9. DENSO will present under the theme “Technology to keep people safe wherever they drive—Everyday Confidence, Extraordinary Safety.”

Technologies on Display
DENSO will showcase its advanced driving support-related products and technology with a vehicle cockpit simulator that will also allow visitors to experience its safety and Human Machine Interface (HMI) technology for future driving. DENSO’s simulator will include the following technologies: a large-screen head-up display (HUD) that will project important information onto the windshield; a driver status monitor that uses a camera to detect the driver’s attentiveness level; and, an electric mirror that uses a camera to display rear and side images and warn it detects objects. Visitors can also experience future driving scenarios, such as alerting the driver that the vehicle is approaching an accident, giving the driver an option for selecting automated driving for highway merging and lane changes.

DENSO also will display its advanced driver assistance systems (ADAS) locator that uses GPS  location information and a camera to detect vehicles in other lanes, as well as show its monitor surround system that uses four cameras mounted on the vehicle to detect and warn of potentially hazardous situations surrounding the vehicle.

In addition, DENSO will share the progress from public road tests to develop advanced driving support technology. The tests has been conducted in Aichi Prefecture, Japan during since June, 2014. The company also will share details about its collaborative research partnership on automated driving with the National University of Singapore and National Research Institution of Singapore etc.

DENSO has developed products and technologies to help realize an accident-free society. Based on the technologies it has developed, DENSO will continue to help build an automotive society where all people in the world, including drivers and pedestrians, feel safe and secure.

About DENSO: DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

 

DENSO Donates $25,000 to Tri-County Technical College to Commemorate 25 Years in Anderson Community

Press Releases

SOUTHFIELD, Mich. – Twenty five thousand dollars to commemorate 25 years – DENSO International America, Inc. announced it will donate $25,000 to Tri-County Technical College in Anderson, S.C. in recognition of the 25th anniversary of Associated Fuel Pump Systems Corporation (AFCO), a 50/50 joint venture between Robert Bosch GmbH and DIAM. More importantly, the grant will provide local students with scholarships for Science, Technology, Engineering and Math (STEM)-related programs, such as such as industrial electronics, technology, and mechatronics.

DIAM matched the Bosch Community Fund grant, which created a total scholarship program of $50,000. Beginning in 2016, scholarships in the amount of $2,000 will be awarded to 25 students over a five-year period. DENSO announced the grant during a ceremony at the AFCO facility celebrating its 25th Anniversary on Sept 10.

“With the establishment of AFCO, DENSO has been part of the Anderson community for the last 25 years,” said Yukio Asano, Executive Vice President at DIAM. “There’s no better way to commemorate this milestone than donating $25,000 to help local community students pursue STEM-related careers.

About DENSO: DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America: In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

DENSO in Maryville, Tennessee to Invest $400 Million and Hire 500

Press Releases

SOUTHFIELD, Mich. – Global auto supplier DENSO announced today that it is adding 500 jobs and investing US$400 million to expand its electronics manufacturing capabilities and build a new warehouse at its DENSO Manufacturing Tennessee (DMTN) manufacturing facility in Maryville.

The new 186,528-square-foot warehouse allows DMTN to consolidate its various warehouse operations in the Maryville area into one located on its campus, and the additional manufacturing space will be used to produce products such as head-up displays, meters and electronic control units. The warehouse is due to be completed by October 2017.

“DENSO is committed to strengthening and expanding its product development and manufacturing capabilities across the region, and we’re excited about the additional opportunities this expansion will bring to our company, our employees, the Maryville community and the state of Tennessee,” said Jack Helmboldt, president of DMTN.

In January 2013, DENSO announced it would invest nearly $1 billion in North America over the next four years, which will result in more than 2,000 jobs across the region. The investment will allow DENSO to better support its North American customers, as well as expand new business areas and localize products, many of which will help automakers meet upcoming fuel requirements. More than $750 million will be invested in the United States alone, along with more than 1,200 jobs.

In recognition of the community’s 25 years of support and DMTN’s theme of “healthy living” for its 25th anniversary, DMTN will present a $50,000 donation to Blount Memorial Hospital and a separate donation of $50,000 to East Tennessee Children’s Hospital.

“We know our employees and their families depend on these wonderful medical facilities, and we hope that these gifts can help with the many special programs and services needed by the people of East Tennessee,” stated Helmboldt.

“We congratulate DENSO on this announcement, and we appreciate their continued commitment to Blount County and the great state of Tennessee,” said Tennessee Gov. Bill Haslam.

“Last year when I walked through the DENSO plant, it was bursting at the seams,” said Senator Lamar Alexander.  “These 500 new jobs are one more example of how the auto industry has spread into 80 of Tennessee’s 95 counties to become the main contributor to raising our family incomes.  There is no better way to celebrate DENSO’s  25 years in Blount County.”

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

Company Profile
DENSO Manufacturing Tennessee
Location: 1720 Robert C Jackson Drive, Maryville, Tennessee
Founded: July 20, 1988
President: Jack Helmboldt
Products: Production of starters, alternators, instrument clusters, automotive electronic products and inverters for hybrid vehicles
Employees: 3,065 (as of May 2015)
Ownership: 100 percent owned by DENSO International America, Inc.
Facilities: 1.996 million square feet on 194.87 acres (excluding the addition of the warehouse)
New investment: $400 million
Main customers: Ford, General Motors, Toyota, Honda, Huyndai, Chrysler

# # #

DENSO Announces First-quarter Financial Results

Press Releases

SOUTHFIELD, Mich. – DENSO Corporation today announced its global financial results for the first quarter ending June 30, 2015 for fiscal year ending March 31, 2016:

  • Consolidated revenue totaled 1,106.0 billion yen (US$9.0 billion), a 7.6 percent increase from the previous year.
  • Consolidated operating profit totaled 86.7 billion yen (US$707.7 million), a 5.5 percent increase from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 73.9 billion yen (US$603.2 million), a 17.2 percent increase from the previous year.

“DENSO’s revenue and operating profit increased due to an overseas production volume increase and the growth in sales in addition to the impact of the weak yen,” said Kenichiro Ito, executive director of DENSO Corporation.

In Japan, a production volume decrease mainly in compact cars led to a decrease in revenue to 624.0 billion yen (US$5.1 billion), a 1.5 percent decrease from the previous year. The decrease in production volume and the increase in expenses led to an operating profit of 43.3 billion yen (US$353.5 million), a 14.7 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in revenue to 283.6 billion yen (US$2.3 billion), a 26.3 percent increase from the previous year. As a result of the increase in production volume, the operating profit totaled 14.7 billion yen (US$120.4 million), an 88.3 percent increase from the previous year.

In Europe, car production increased due to the recovery of the economic slump, which led to an increase in revenue to 152.5 billion yen (US$1.2 billion), a 10.5 percent increase from the previous year. Due to the increase in production volume, the operating profit totaled 4.2 billion yen (US$34.6 million), a 15.4 percent increase from the previous year.

In Asia, the increase of car production, mainly in China, resulted in a revenue increase of 285.1 billion yen (US$2.3 billion), a 16.5 percent increase from the previous year. The increase in cost reduction effort as well as in production volume led to an operating profit of 21.3 billion yen (US$173.6 million), a 19.5 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 16.0 billion yen (US$130.5 million), a 13.0 percent decrease from the previous year. The operating loss totaled 0.9 billion yen (US$7.1 million).

“Considering the positive financial results in the first-quarter, as well as the market trend and the depreciation of the yen, we have decided to revise the original forecasts for the first-half and full-year financial results,” said Ito.

(Foreign exchange rates used for the first-half financial result forecast are US$= 122 yen Euro=135 yen, and for the full-year are: US$= 119 yen Euro=130 yen)

Forecast for Fiscal Year Ending March 31, 2016

First-Half Forecast (Revised)

Full-Year Forecast (Revised)

Revenue

2,240.0 billion yen
[US$18.3 billion]
4,470.0 billion yen
[US$36.5 billion]

Operating profit

170.0 billion yen
[US$1.4 billion]
380.0 billion yen
[US$3.1 billion]

Profit before income taxes

192.0 billion yen
[US$1.6 billion]
414.0 billion yen
[US$3.4 billion]

Profit attributable to owners of the parent company

130.0 billion yen
[US$1.1 billion]
280.0 billion yen
[US$2.3 billion]

 

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

 

# # #

DENSO Manufacturing Arkansas, Inc. Names New President

Press Releases Senior Management Announcement

DENSO Corporation has named George Harguess president of its DENSO Manufacturing Arkansas, Inc. (DMAR) operations in Osceola, Ark., effective July 1.

Osceola, Ark. – DENSO Corporation has named George Harguess president of its DENSO Manufacturing Arkansas, Inc. (DMAR) operations in Osceola, Ark., effective July 1. Harguess succeeds Andris Staltmanis, who was recently named president of DENSO Manufacturing Michigan, Inc. in Battle Creek, Mich.

Mostly recently, Harguess served as DMAR plant director, directly responsible for manufacturing, production control and maintenance as well as oversight for daily operations at the facility. Harguess joined DMAR as the operations assistant general manager in 2008 and was promoted to plant director in 2012.

Harguess joined DENSO in 1991 as a team leader at DENSO Manufacturing Tennessee (DMTN) in Maryville, Tenn. In 1995, Harguess was promoted to supervisor then assistant manager of starter production. From 2000-2003, Harguess served as starter manager, followed by five years as senior manager of DMTN’s starter and alternator plants.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Company Profile: DENSO MANUFACTURING ARKANSAS, INC.
DENSO Manufacturing Arkansas (DMAR) produces HVAC assemblies and Engine Cooling Modules (ECM) for its North American customers. With 224,000 square feet of manufacturing space, the facility employs more than 450 people.

Location:

100 Denso Road, Osceola, AR  72370

Founded:

July 1, 2003

Products/Business Activities:

Manufactures HVAC assemblies and Engine Cooling Modules (ECM)

Key Management:

  • George Harguess, President
  • Nobuyuki (Bob) Hironaka, Director, Engineering

Employees:

457 (as of March 31, 2015)

Ownership:

100 percent DENSO International America, Inc.

Facilities:

224,000 square feet

OEM Customers:

Toyota, Honda

Certifications:

ISO 14001 certified in 2006

Website:

  • North American Web Site: www.densocorp-na-dmar.com/
  • North American Media Site: www.densomedia-na.com
  • Global Media Site: www.densomediacenter.com

# # #

DENSO Joins Partners in Presenting Technology Displays at Mcity Grand Opening

Press Releases

SOUTHFIELD, Mich. – DENSO International America, Inc. is joining other partners in hosting technology displays and demonstrations at the Mcity grand opening on July 20 on the campus of the University of Michigan (UM) in Ann Arbor. Mcity is a controlled test environment for connected and automated vehicles operated by UM’s Mobility Transformation Center (MTC). The 32-acre cityscape is a simulated urban and suburban environment in Ann Arbor which allows researchers to safely test new technologies without disrupting public roadways.

Mcity features a network of roads with intersections, traffic signs, signals, streetlights, building facades, sidewalks and construction obstacles which can be outfitted with sensors and other equipment to test connected and automated technologies that allow vehicles to communicate with each other and with the infrastructure. This information is then available to help improve the new technologies in automated driving.

DENSO is a Leadership Circle member of MTC, giving it access to all of the information collected, as well as patents created, from the pooled research through MTC. DENSO will also be conducting its own private research projects to collect additional data.

“Mcity is a great opportunity to combine engineering, urban planning and energy and information technologies to accelerate progress and help drive the industry forward with automated vehicles,” said Doug Patton, executive vice president of engineering at DENSO. “DENSO will have the ability to collect data on our dedicated short-range communication modules, data communication modules, driver status monitoring and more to make the necessary changes before putting these technologies on the road.”

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
In North America, DENSO employs more than 22,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas and Arkansas. DENSO’s North American consolidated sales totaled US$8.0 billion for the fiscal year ending March 31, 2015. For more information, go to www.densocorp-na.com.

Connect with us on Facebook:
www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Wins Medals at the 43rd WorldSkills Competition

Press Releases

KARIYA (Japan)

DENSO Corporation and DENSO’s subsidiary DENSO E&TS Training Center, which is responsible for providing engineering and technical training for DENSO employees, won  three gold medals in the Manufacturing Team Challenge, CNC Turning and Mobile Robotics categories at the 43rd WorldSkills Competition. The competition was held in Sao Paulo Brazil, August 11-16.

DENSO Corporation’s President and CEO Koji Arima said, “I am very pleased that our representatives believed in themselves, competed with passion, and achieved excellent results under intense pressure. I appreciate all the people who supported them. Furthermore, I hope they will continue to improve their skills and use those skills to strengthen their manufacturing sections.”

DENSO participants from Japan competed in five categories: Manufacturing Team Challenge; Industrial Control; Mobile Robotics; Plastic Die Engineering, and Industrial Mechanics Millwright. DENSO won the gold medals in the Manufacturing Team Challenge and Mobile Robotics category. Also, for the fifth consecutive time, DENSO employees from subsidiaries outside Japan participated in the event. This year, Kittinan Sornsongkhram from DENSO (Thailand) Co., Ltd. (DNTH) won the gold medal in the CNC Turning category. This was the fourth gold medal received by a participant from one of DENSO’s subsidiaries from outside Japan.

The WorldSkills Competition, first held in Spain in 1950 and held every two years, is a premier world event for skills recognition and advancement. For most categories, participants must be no older than 22 years of age. In order for participants to be eligible to compete in the WorldSkills Competition, they must win first place in the most recent competitions held in their home country or region. This year, approximately 1,230 people from 62 countries and regions tested their skills by competing in 50 categories.

DENSO has participated in the WorldSkills Competition since 1971. To date, DENSO employees have won 31 gold medals, 16 silver medals, and 14 bronze medals.

Since the establishment of its Technical Training Center* in 1954, DENSO has been focusing on developing skilled technicians and passing on manufacturing expertise to future generations.

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 146,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
* DENSO’s Technical Training center is now the technical skill development division of DENSO E&TS Training Center Corporation.

# # #

Ford Honors DENSO at the 17th Annual World Excellence Awards Ceremony

Press Releases

SOUTHFIELD, Mich. – DENSO Corporation received Ford Motor Company’s coveted Aligned Business Framework (ABF) award for its global supply of a full line up of Air Conditioning (AC) Compressors and Heating, Ventilation and Air Conditioning (HVAC) assemblies and modules at Ford’s 17th World Excellence Awards ceremony on May 21, 2015. DENSO was one of nine suppliers to receive this distinguished award. Also, Ford honored DENSO affiliate Michigan Automotive Compressor Inc. (MACI) with one of the company’s highest recognitions for suppliers – the Silver Award – which marks the second time in six years MACI has received a world excellence award.

“DENSO places a great emphasis on providing innovative and high quality products, and this award helps demonstrate our commitment to those goals,” said Haruya Maruyama, executive vice president of DENSO Japan. “We want to congratulate all of our employees who helped earn this award, and we look forward to meeting high quality standards with our products in the future.”

The World Excellence Awards honor production and non-production suppliers that have exceeded Ford’s highest standards in cost, quality, technology and delivery, while at the same time embracing the ONE Ford mindset and helping the company deliver products with an unparalleled standard of excellence. Ford honored 32 suppliers out of their top 150 global suppliers at its annual recognition event. DENSO was one of 21 suppliers that received the recognition of the Silver World Excellence award.

The Aligned Business Framework is a program where Ford and some of the most strategic suppliers across the globe partner to increase mutual profitability, improve quality, drive innovation and to help encourage shared commitment to sustainability goals.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

Michigan Automotive Compressor, Inc. (MACI) is the largest manufacturing employer in Jackson County, MI with over 1,050 associates (employees). Established in 1989, the company manufactures automotive air-conditioning compressor units for many automotive manufacturers. Customers include GM, Chrysler, Ford, Toyota, and Honda, as well as Freightliner and John Deere. www.michauto.com

# # #

DENSO Announces Senior Management Changes

Press Releases Senior Management Announcement

DENSO Corporation today announced management changes, which were approved at today’s shareholders meeting and board of directors meeting. These changes are effective today.

KARIYA (Japan) –DENSO Corporation today announced management changes, which were approved at today’s shareholders meeting and board of directors meeting. These changes are effective today.

1. New management
(1) 13 Board of Directors
(2) 5 Audit and Supervisory Board Members
(3) 11 Senior Executive Directors (5 Members of the Board)
(4) 28 Executive Directors

2. Retirements
(1) Board of Directors
Akio Shikamura (Newly appointed as President of DAISHINSEIKI CO., LTD.)
Shinji Shirasaki (Newly appointed as Advisor)
Hiroyuki Wakabayashi (Newly appointed as Senior Executive Director)
Shoichiro Toyoda

(2) Audit and Supervisory Board Member
Fujio Cho

(3)Senior Executive Directors
Shinji Shirasaki (Newly appointed as Advisor)
Manfredo Nicolelli (Newly appointed as Chairman of DENSO THERMAL SYSTEMS S.p.A.)

(4) Executive Directors
Tatsuya Toyoda (Newly appointed as Executive Vice President of DENSO SALES JAPAN CORPORATION )

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

1. Board of Directors

Chairman + Nobuaki Katoh
Vice Chairman + Koji Kobayashi
President & CEO • Koji Arima
Executive Vice President Masahiko Miyaki Support of President & CEO, Quality Safety & Environment Center
Haruya Maruyama Support of President & CEO, Overall Sales & Marketing, Sales and Marketing Group
• Yasushi Yamanaka Support of President & CEO, Overall R&D, Engineering Research & Development Center
Member of the Board
*Outside board member
Akio Tajima
Yoshikazu Makino
Michio Adachi
Satoshi Iwata
Masahiko Ito
George Olcott*
Takashi Nawa*

 

2. Audit and Supervisory Board Member

Audit and Supervisory Board Member Masato Iwase
Atsuhiko Shimmura
OMoritaka Yoshida
Tsutomu Saito
Toshimichi Kondo

 

3. Senior Executive Director

3. Senior Executive Director
*Member of the Board
Akio Tajima* Corporate Center, Purchasing Group, Audit Department
Yoshikazu Makino* Thermal Systems Business Group
Michio Adachi* Powertrain Control Systems Business Group
Hiroyuki Wakabayashi Information & Safety Systems Business Group
Satoshi Iwata* Information & Safety Systems Business Group (Deputy), Tokyo Office
Masahiko Ito* Aftermarket, Fleet & New Business Group, New Business Promotion Department
Toshiyuki Kato Sales & Marketing Group (Deputy), Tokyo Sales Division
• Sadahiro Usul DENSO INTERNATIONAL AMERICA, INC.
• Katsuhisa Shimokawa Production Innovation Center
• Yukihiko Murakami DENSO (CHINA) INVESTMENT CO., LTD.
• Hiroyuki Ina Electronic Systems Business Group

 

4. Executive Director

Executive Director Shingo Kuwamura Thermal Systems Business (North America)
Yukihiro Kato Information and Communications Technology Business Unit
Shoji Tsuzuki Corporate Communications Division, General Admin. Division, Human Resources Division, Plant General Administration
Yoshifumi Kato Technology Planning Division, Engineering Development Promotion Division, Intellectual Property Division, Design Division, Corporate R&D Division 1,2,3, Research Laboratories
Masanari Murakami TIANJIN DENSO ELECTRONICS CO., LTD.
Yukihiro Shinohara Engine Electrical Systems Business Unit, EHV Components Business Unit, Powertrain Systems Development Division
Kazumasa Kimura DENSO INTERNATIONAL AMERICA, INC.
(Sales and Marketing of North, Central & South America)
Bunichi Kondo Toyota Sales Division, Osaka Sales Division
Masanori Tsuruta Electronic Device Business Unit
Yasuhiro Iida DENSO INTERNATIONAL ASIA CO., LTD., DENSO (THAILAND) CO., LTD.
Kenichiro Ito Corporate Planning Division, Finance and Accounting Division, Business Innovation Department
Hideaki Matsuki DENSO INTERNATIONAL ASIA CO., LTD. (Deputy)
Shinsuke Yamaguchi Information Strategy Planning Division, Facility Division, Strategic Production Planning Division, Production Control Division, Logistics Planning Division
Yoshitaka Kajita DENSO INTERNATIONAL INDIA PVT., LTD.
DENSO INTERNATIONAL ASIA CO., LTD.
(Sales and Marketing of Europe)
Jiro Ebihara DENSO MANUFACTURING HUNGARY, LTD.
Jack Helmboldt DENSO MANUFACTURING TENNESSEE, INC.
Yuji Ishizuka DENSO AUTOMOTIVE DEUTCHLAND Gmbh (Sales and Marketing of Europe)
Yasuhiko Yamazaki Innovative Production & Factory Promotion Division, Production Engineering Research Division, Materials Eng. R&D Division, Machinery & Tools Division, Parts Engineering Division, Prototype Mfg. Division
Hisaaki Sato Global Sales & Business Development Division, Global Business Planning Division, Chubu Sales Division, Hiroshima Sales Division
Hajime Kumabe Driving Assist & Safety Business Unit, Electric Control Components Division
Yasushi Matsui Purchasing Planning Division, Purchasing Division 1,2,3, Materials, Equipment & Facilities Purchasing Division
Hirotsugu Takeuchi Thermal Systems R&D Function Unit, Thermal Systems Engineering Function Unit, Thermal Systems Quality Assurance Division
• Masato Nakagawa DENSO INTERNATIONAL EUROPE B.V.
• Keiko Shimokata Health Care Promotion Division, DP Diversity & Inclusion Promotion Department
• Yutaka Yamanouchi PT. DENSO INDONESIA
• Hisashi Iida Engne Control Components Business Unit, System Control Components Business Unit
• Marco Di Rao Marotta Thermal Systems Business (Europe)
• Sinnosuke Hayashi Electronics Business Unit

• Newly-appointed    + Promoted

# # #

DENSO Athens Tennessee to Green-up Community with New EcoPark

Press Releases

ATHENS, Tenn. – A giant green thumbs up goes to DENSO Manufacturing Athens Tennessee as it makes way to establish a community EcoPark adjacent to its Athens, Tennessee property. DENSO is partnering with the City of Athens Parks and Recreation and the McMinn County Economic Development Authority to develop an 11.5 acre EcoPark that creates a safe place for employees and the community to walk, learn and immerse themselves in nature. The EcoPark will be developed on land owned and set aside by the McMinn County Economic Development Authority and will be completed in three phases with the first phase targeted for completion in late October 2015.

“DENSO grew up in rural Japan, and preserving the environment has long been a part of our heritage. So, we wanted to develop an EcoPark that demonstrates DENSO’s Japanese heritage while also creating an eco-friendly and educational oasis for employees and community,” said Shawn Bryant, manager of Safety, Health and Environment at DENSO Manufacturing Athens Tennessee. “We hope that one day we can take kids from all around the area and teach them different ways to help protect the environment through the EcoPark.”

Completion of EcoPark in Three Phases:
Phase one will include an outdoor, Japanese-style pavilion and picnic area, which can serve as a meeting area for employees and outdoor classroom for students. This phase will also establish a half mile walking trail and Japanese fruit orchard to celebrate the Japanese culture and teach students about food sustainability. The phase should be completed by Oct. 31, 2015.

Phase two will focus on renewable energy through the use of windmill and solar panels. Once completed, DENSO plans to sell the green electricity to fund future activities and upkeep as well as to make donations to environmental activities. This phase should be completed in late 2016. Phase three will include a natural pond with natural plant filtering that will create a healthy sanctuary for wildlife and demonstrate water sustainability. Completion of this phase is targeted late 2017.

The DENSO EcoPark will be a great learning and relaxation environment for the community, but DENSO cannot do it alone. Some grants will fund projects, like the wetlands restoration for the natural pond, but other grants are still needed. DENSO is also looking for community partners to help bring the concept to its highest potential. If you are interested in helping DENSO and the City of Athens, please contact Shawn Lindsey, Public Works Director for the City of Athens, by phone at (423) 744-2746 or through fax at (423) 744-2772 for more information.

About DENSO:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: http://www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Manufacturing Athens Tennessee, Inc. Names New President

Press Releases Senior Management Announcement

DENSO Corporation has named Takeshi Nagasaka president of its DENSO Manufacturing Athens Tennessee, Inc. (DMAT) operations in Athens, Tenn.

ATHENS, Tenn. – DENSO Corporation has named Takeshi Nagasaka president of its DENSO Manufacturing Athens Tennessee, Inc. (DMAT) operations in Athens, Tenn., effective June 1. Nagasaka succeeds Youichi Yamashita, who returned to Japan to serve at DENSO Trim, a Power Train affiliate.

Nagasaka joined DENSO Corp. in Japan in 1982 and began his career in the production engineering division as a production engineer. In 1990, Nagasaka moved to the Gasoline Injection Manufacturing Division as supervisor. At that time, he was in charge of fuel pump production engineering for Associated Fuel Pump Systems Corporation (AFCO) and DNJP. In 1996, Nagasaka took an overseas assignment to serve as a manager at AFCO in Anderson, South Carolina. He then returned to DNJP as the manager of the Gasoline Injection Manufacturing Division.

In 2003, Nagasaka was named general manager of the Gasoline Injection Manufacturing Division, and in 2010 he was promoted to director of the same division. In 2015, he was named president of DENSO Manufacturing Athens Tennessee.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 36 countries and regions (including Japan) and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion. Last fiscal year, DENSO spent 9.4 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

In North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 22 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 10,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaled US$6.8 billion for the fiscal year ending March 31, 2013.

Connect with us on Facebook: http://www.facebook.com/DENSOinNorthAmerica

# # #

 

DENSO Volunteers Head to the Rouge Riverfront to Clean-up and Green-up the Community

Press Releases

SOUTHFIELD, Mich. – More than 100 employees from DENSO International America, Inc., DENSO’s North American headquarters located in Southfield, Michigan, will make their way over to the Rouge River this Saturday, May 30, to clean it up and green-up the surrounding area.WHEN: Saturday, May, 30 from 9 a.m. – noon

WHERE: Volunteers will meet at DENSO International America, Inc., located at 24777 Denso Drive, just south of Franklin Road off Telegraph in Southfield, Michigan

WHO: Working with the Friends of the Rouge, City of Southfield and Six Rivers Regional and Conservancy, a team of more than 100 DENSO employees and their families will participate in the annual Rouge Rescue Cleanup.

WHAT: A section of the Rouge River in Southfield will receive much-needed attention. Volunteers will pull logjams out of the river, pick invasive species such as garlic mustard and dames rocket, pick-up trash and other debris, and plant a native garden in the surrounding area. Local partner, Arts & Scraps, will also be on-site, leading hands-on, educational and “green” activities for children.

WHY: DENSO has supported Friends of the Rouge for 17 consecutive years, with financial contributions and participation in the Rouge Education Project and annual Rouge Rescue Cleanup events.

DENSO, as a company, was born and raised in rural Japan – surrounded by local farmers whose livelihood was dependent on the land. Because of this upbringing, the idea of helping your neighbor and preserving the environment has long been engrained in DENSO’s 60-year history.

In Southfield, DENSO International America is the North American headquarters of DENSO Corporation, a leading automotive supplier of advanced technology, systems and components. In the Americas, DENSO employs more than 17,000 people with consolidated sales totaling US$8.0 billion for the fiscal year ending March 31, 2015.

Interviews are available with team volunteers and company vice presidents. Great photo and video opportunities. For on-site contacts during event, call JoAnna McCulloch at 248-219-9947.

# # #

DENSO is Investing in Peloton’s Truck Platooning Technology

Press Releases

SOUTHFIELD, Mich. – DENSO International America, Inc. has entered into an investment agreement with Peloton Technology, a developer of platooning systems that advance safety and fuel savings for large truck transportation fleets. DENSO and Intel Capital co-led the $16 million oversubscribed Series A investment round, which will help accelerate Peloton’s development and deployment of platooning technology. The technology aims to increase fuel economy and improve safety for the global trucking industry. The deal was finalized late last month.Platooning technology uses vehicle-to-vehicle and vehicle-to-infrastructure (V2X) wireless communication and radar to pair trucks to travel closely together and thus create an aerodynamic system that is similar to drafting in race cars. The direct communication system provides a way for trucks to ‘talk’ with each other and safely follow another truck with the same features to improve braking and acceleration time, increase safety and reduce fuel costs.

“DENSO is excited to build a strong relationship with Peloton,” says Tony Cannestra, Director of Corporate Ventures for DENSO International America, Inc. “As a leader in vehicle-to-vehicle (V2V) technologies, we are eager to work closely with Peloton to implement the first large-scale deployment of a V2V system. DENSO believes that Peloton’s system has the potential to help increase safety and fuel savings in the transportation industry.”

For more than a decade, DENSO has been researching and developing V2X technology systems to allow cars to communicate’ with surrounding vehicles and traffic signals. The application of this technology to the trucking industry could potentially help large fleet vehicles reduce fuel consumption by 10 percent for the rear truck and 4.5 percent for the front truck (based on industry-standard SAE J1321 Type II fuel economy testing conducted by the North American Council for Freight Efficiency and trucking fleet C.R. England).

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

# # #

DENSO Introduces the “PowerEdge” High Amp Alternator for Medium & Heavy Duty Truck Market

Press Releases

Long Beach, California – Global automotive supplier DENSO has developed a new high amperage alternator for the Medium and Heavy Duty truck market that is smaller, lighter and more efficient than the industry competition. The PowerEdge offers advanced alternator features – proven in the automotive market – like DENSO’s patented segment conductor (SC) technology, which incorporates an innovative square wire copper stator design. By leveraging DENSO’s innovative design and manufacturing technologies, the PowerEdge achieves higher efficiency in a smaller, more lightweight design, which translates into improved fuel economy. DENSO’s new product will be available in July 2015.

“DENSO has harnessed its cutting-edge technology in order to provide a much-needed solution for the commercial truck market. In addition to its improved efficiency and higher amps at idle, the DENSO PowerEdge alternator can be up to 10 pounds lighter than the industry’s competition,” said Frank Jenkins, senior manager of DENSO Product and Services Americas’ Commercial and Heavy Duty Group. “This means reduced fuel consumption over the long haul, which can save thousands of dollars per truck per year.”

DENSO’s SC alternator design has been optimized to provide the durability and long life needed to meet the severe demands of heavy and medium duty trucks. DENSO’s new PowerEdge alternators offers four output versions: 170amp, 185amp, 205amp, and 220amp. Each unit features the same innovative SC stator, producing higher efficiency and more amps at idle. Additionally, these units are equipped with heavy duty bearings, advanced long-life brush composition, and remote sense technology to prolong battery life. Not only do these highly efficient alternators offer a small, lightweight design, but its compact size and weight offer fleet and truck technicians easier handling and installation.

“Medium and Heavy Duty customers have been looking for a more durable, higher efficiency solution for their growing electrical requirements. DENSO has responded by introducing the lightest, most efficient alternator in today’s market,” said Fran Labun, vice president of Sales at DENSO Product and Services Americas. DENSO has long been regarded as a leader in the global OEM market. This DENSO PowerEdge was developed specifically for the increasing demands of the truck market and demonstrates our strengthened commitment to our customers.”

The DENSO PowerEdge Alternator provides 100 percent coverage for pad-mount applications and offers the following features and benefits: • Superior efficiency, providing reduced fuel consumption and mileage savings • Durability, long life, reducing replacement intervals and costs • Higher amps at idle • Remote sense features, prolongs battery life, reducing replacement costs • Compact size and lighter weight, for improved fuel savings and ease of installation

DENSO began producing its SC alternator for Original Equipment Manufacturers in December 1999 and produces and supplies this product in all major regions of the world. DENSO, which has supplied alternators since 1962, has been reducing the size and weight of alternators while also increasing their efficiency.

More information on DENSO’s new PowerEdge alternator can be found at http://densoheavyduty.com or contact your authorized DENSO Distributor.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

# # #

DENSO Announces Stock Purchase Proposal In Accordance with the Provisions of Article 156 of the Corporation Act

Press Releases

KARIYA (Japan) – DENSO Corporation (the “Company”) announced that its board of directors agreed to present to shareholders a stock repurchase proposal (in accordance with Article 156 of the Corporation Act). This proposal will be presented at the 92th annual shareholders meeting on June 19, 2015.

1. Purpose of the stock purchase
The Company will purchase its stock after obtaining approval from the shareholders in accordance with Article 156 of the Corporation Act. The purchase of the stock will improve capital efficiency, and increase returns to shareholders. Also, the shareholder approval will enable the Company to adopt timely and flexible capital policy measures in response to changes in the business environment.

2. Information on the shares to be purchased by the Company
(1) Type of shares to be purchased: Common stock
(2) Total number of shares to be purchased: Up to 5,000,000 shares
(0.63 percent of total outstanding shares)
(3) Total cost of the purchase: Up to 30 billion yen
(4) Acquisition period:From June 20, 2015 to June 19, 2016

Note: Following shareholder approval at the 92th annual shareholders meeting on June 19, 2015, the Company will be authorized to purchase its stock.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com

Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

# # #

DENSO Announces its Year-end Dividend

Press Releases

KARIYA (Japan) – DENSO Corporation today announced its year-end dividend for the fiscal year ending March 31, 2015. This will be presented at the 92st annual shareholders meeting on June 19, 2015.

1. Details of dividends

Dividend per share Interim Year-end Yearly
FY Result 47 yen 63 yen 110 yen
FY Forecast
(Previously announced)
48 yen 95 yen
Previous FY
Results ended
March 31, 2014
47 yen 58 yen 105 yen

 

2. Reason for change in year-end dividend from previously announced forecast
DENSO’s basic dividend policy is to maintain a stable dividend payment, taking into consideration various aspects, such as financial performance and dividend ratio. Based on this policy, the company plans to propose its year-end dividend of 63 yen per share, an increase of 15 yen from the previous forecast.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

# # #

DENSO Announces Management Changes

Press Releases Senior Management Announcement

KARIYA (Japan) – DENSO Corporation today announced changes to its board of directors and executive directors. Changes will take place after the 92th Annual General Meeting of Shareholders on June 19, 2015.

1. Changes of Members of the Board
(1) Responsibiliy Changes of Current Members of the Board:
Nobuaki Katoh, Chairman, Member of the Board (from President & CEO, Member of the Board)
Koji Kobayashi, Vice Chairman, Member of the Board (from Executive Vice President, Member of the Board)

(2) New Members:
Koji Arima, President & CEO, Member of the Board (from Senior Executive Director)
Yasushi Yamanaka, Executive Vice President, Member of the Board (from Senior Executive Director)
Yoshikazu Makino, Senior Executive Director, Member of the Board (from Senior Executive Director)

(3) Resignation:
Akio Shikamura (from Executive Vice President, Member of the Board)
Shinji Shirasaki (from Senior Executive Director, Member of the Board)
Hiroyuki Wakabayashi (from Senior Executive Director, Member of the Board)
Shoichiro Toyoda (from Member of the board)

2. Changes of Audit and Supervisory Board Member
(1) New Member:
Moritaka Yoshida (from Senior Executive Director, Toyota Motor Corporation)

(2) Resignation:
Fujio Cho (from Audit and Supervisory Board Member)

3. Changes of Senior Executive Directors
(1) New Members:
Sadahiro Usui (from Executive Director)
Katsuhisa Shimokawa (from Executive Director)
Yukihiko Murakami (from Executive Director)
Hiroyuki Ina (from Executive Director)

(2) Resignation:
Shinji Shirasaki
Manfredo Nicolelli

4. Changes of Executive Directors
(1) New Members:
Masato Nakagawa (from President, DENSO Europe B.V.)
Keiko Shimokata (from Director, Health Care Promotion Division)
Yutaka Yamanouchi (from President, PT. DENSO Indonesia )
Hisashi Iida (from Head of Business Unit, System Control Components Business Unit)
Marco Di Rao Marotta (from COO, DENSO Thermal Systems Europe Center)
Shinnosuke Hayashi (from Project Director, Electronics Manufacturing. Division)

(2) Resignation:
Tatsuya Toyoda

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

# # #

 

DENSO Announces Year-end Financial Results

Press Releases

KARIYA (Japan) – DENSO Corp. today announced its global financial results for the fiscal year ending March 31, 2015:

– Consolidated net sales totaled 4,308.8 billion yen (US$35.9 billion), a 5.2 percent increase from the previous year.
– Consolidated operating income totaled 355.1 billion yen (US$3.0 billion), a 6.0 percent decrease from the previous year.
– Consolidated net income totaled 293.1 billion yen (US$2.4 billion), a 2.0 percent increase from the previous year.

“DENSO’s sales increased due to an overseas production volume increase,” said Nobuaki Katoh, president and CEO of DENSO Corp.. “However, despite cost reduction efforts, an increase in production volume, R&D expenditures, and investment costs to strengthen future growth, there was a decrease in operating income.”

In Japan, the market shift towards compact cars and the decrease of export sales led to a decrease in sales to 2,663.5 billion yen (US$22.2 billion), a 2.0 percent decrease from the previous year. The decrease in production volume and the increase in labor costs, and other expenses led to an operating income of 225.2 billion yen (US$1.9 billion), a 20.5 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in sales to 966.5 billion yen (US$8.0 billion), an 18.4 percent increase from the previous year. As a result of the increase in production volume, the operating income totaled 38.7 billion yen (US$321.9 million), a 163.9 percent increase from the previous year. In Europe, car production increased due to the recovery of the economic slump, which led to an increase in sales to 554.8 billion yen (US$4.6 billion), a 11.2 percent increase from the previous year. Due to the increase in production volume, the operating income totaled 16.9 billion yen (US$140.5 million), a 36.6 percent increase from the previous year.

In Asia and Oceania, the increase of car production, mainly in China, resulted in a sales increase of 1,049.7 billion yen (US$8.7 billion), a 11.3 percent increase from the previous year. The increase in labor costs and the expenditure on production and R&D capability to strengthen future growth led to an operating income of 74.7 billion yen (US$621.8 million), a 4.9 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, sales totaled 73.8 billion yen (US$614.2 million), a 0.7 percent decrease from the previous year. The operating income totaled 0.4 billion yen (US$3.4 million).

“For the new fiscal year, we expect sales and income to increase from the previous year. This is due to the increase in production volume overseas.” said Katoh.

(Foreign exchange rates used for the next fiscal year are US$= 115 yen, Euro= 125yen) (International Financial Reporting Standards are adopted from the forecast for the next fiscal year)

Forecast for Fiscal Year Ending March 31, 2016

Half-Year Forecast FY Forecast
Revenue 2,160.0 billion yen,
[US$18.0 billion]
4,470.0 billion yen,
[US$37.2 billion]
Operating income 160.0 billion yen,
[US$1.3 billion]
380.0 billion yen,
[US$3.2 billion]
Profit before income taxes 175.0 billion yen,
[US$1.5 billion]
407.0 billion yen,
[US$3.4 billion]
Owners of the parent company 118.0 billion yen,
[US$0.1 billion]
275.0 billion yen,
[US$2.3 billion]

 

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $8.0 billion for the fiscal year ending March 31, 2015.

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 120.17 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on March 31, 2015. Billion is used in the American sense of one thousand million.

# # #

DENSO Receives 2015 PACE Award

Press Releases

SOUTHFIELD, Mich. – DENSO received the Automotive News Premier Automotive Suppliers’ Contribution to Excellence (PACE) Award for its industry-first standardized Heating, Ventilating and Air Conditioning (HVAC) unit that is 20 percent smaller and lighter than conventional units. The HVAC system can be used in a wide variety of vehicle lines and models, resulting in cost- savings for car makers. Traditionally, HVAC units are designed and tailored to each vehicle model. DENSO’s new unit is unique in that it provides the opportunity to reduce the scope of multiple designs and complexity from customization. The newly standardized heating and cooling system reduces CO2 emissions through improved vehicle efficiency from the overall reduction in mass and electrical power consumption.

“This recognition confirms DENSO’s continued leadership in innovation and our ability to meet the needs of automakers and car buyers,” said Jason Hendry, director of Climate Control at DENSO International America, Inc. “Using DENSO’s wide ranging design and manufacturing capabilities in the thermal space, we developed the industry’s first standardized automotive climate control module that can more easily fit into different instrument panels across different makes and models. The lighter and more efficient design adds value for automakers, and the smaller size allows for more legroom and interior space for driver and passengers.”

This is DENSO’s second PACE Award. Its Very High-Pressure Solenoid Fuel Injection System won a PACE Award in 2004. DENSO will continue to help create an advanced automotive society by developing technologies that can improve comfort and environmental performance of vehicles.

About the PACE Awards:
For over 20 years the Automotive News PACE Awards have honored superior innovation, technological advancement and business performance among automotive suppliers. This prestigious award is recognized around the world as the industry benchmark for innovation. The 2015 Automotive News PACE Awards were presented on April 20, 2015 at the Max M. Fisher Music Center in Detroit.

About DENSO Corporation:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US $39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Pennsylvania. DENSO’s North American consolidated sales totaling $7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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DENSO Expands North American Heavy Duty Research and Development

Press Releases

SOUTHFIELD, Mich. – In an effort to help grow DENSO’s global heavy duty business, the company is expanding its North American research and development capabilities to include heavy duty and commercial vehicles. DENSO established a cross-functional team of market research, product engineering, and researchers that will focus on bringing-to-market products that improve fuel efficiency, expand connectivity and safety, and promote electrification of commercial vehicles. Staff will be located in Southfield and San Diego, California to support with this effort.

“North America has a strong leadership base for heavy duty technology and DENSO believes there is an opportunity to diversify our business base in this market segment,” said Patrick Powell, DENSO International Director. “In the not-so-distant future, new fuel economy and greenhouse gas regulations will drive change into the heavy duty area. And the market will continue to transition into higher levels of connectivity. DENSO is well positioned to successfully support these technologies.”

N.A. Localization and Leadership
With an increased focus on heavy duty research and development in North America, DENSO sees this as an important step forward in developing heavy duty products in the region and for the region. In addition, as fuel economy and emissions regulations in the U.S. are more advanced, DENSO expects its North American operations to lead its global heavy duty efforts.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO to Relocate R&D Group Company Nippon Soken Inc.

Press Releases

KARIYA (Japan) – In an effort to improve its research and development (R&D) organization, DENSO Corp.will relocate Nippon Soken (SOKEN), a DENSO group company that conducts automotive product R&D. SOKEN, which is currently located in Nishio City in Aichi Prefecture, Japan, will be relocated to a new facility adjacent to DENSO Research Laboratories in Nisshin City in Aichi Prefecture. DENSO invested approximately 6 billion yen (approximately US$50 million) for the purchase of the land and facilities, and also plans to increase the number of personnel to help strengthen its R&D organization.

For the relocation, DENSO purchased the building and land from NEC Corporation, which is adjacent from DENSO Research Laboratories. In addition to using these existing buildings, DENSO will construct facilities for prototype production and testing, and powertrain testing after preparations of construction.

The relocation of SOKEN, with its sophisticated measuring and analysis technologies to neighboring DENSO Research Laboratories, will enable the two organizations to work more closely, and improve their R&D on advanced technologies and products necessary to increase the safety, environmental performance, and comfort of motor vehicles. This aligns with DENSO’s goal to help build a society where vehicles no longer cause environmental damage or road traffic accidents.

Background on DENSO R&D Companies
SOKEN was established in November 1970 to conduct R&D to meet the needs of society for cleaner exhaust emissions and greater vehicle safety. Since SOKEN was established as a joint venture between DENSO and Toyota Motor Corporation in 1985, the company has focused its R&D mainly in five areas: powertrains, fuel cell, power electronics, information and safety, and thermal systems. Furthermore, SOKEN performs a variety of operations in-house, ranging from machining to tests and experiments, as part of its key technologies, which support its advanced R&D efforts.

At its Research Laboratories, DENSO conducts R&D on next-generation semiconductor devices, advanced functional materials, and other high-tech fields.

Profile of new SOKEN (after relocation)

1. Location: 500-1 Minamiyama, Komenoki-cho, Nisshin City, Aichi Prefecture, Japan
2. Site area: 59,000 m2
3. Total floor area: 31,000 m2 (planned)
4. Start of relocation: April 2016

Reference: Profile of current SOKEN

1. Name: Nippon Soken Inc.
2. Location: 14, Iwaya, Shimohasumi-cho, Nishio City, Aichi Prefecture, Japan
3. President: Hiromi Tokuda
4. Establishment: November 1970
5. Capital: 2.7 billion yen (approximately US$23 million)
6. Ownership: 75% owned by DENSO Corporation and 25% by Toyota Motor Corporation
7. Employees: Approx. 430 (as of March 2015)
8. Business description: R&D on automotive powertrains, fuel cells, power electronics, information and safety, and thermal systems
9. Site area: 39,000 m2
10. Total floor area: 32,000 m2

* Exchange rate used is 119 yen to the US one dollar, at the end of March 2015 for convenience only.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014. Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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DENSO Sponsors SAE 2015 World Congress

Press Releases

SOUTHFIELD, Mich. – For the 15th consecutive year, DENSO is sponsoring the SAE 2015 World Congress in Detroit, Michigan at Cobo Center from April 21-23, 2015. With this year’s theme “Leading Mobility Innovation,” DENSO is joining the best talent in the automotive industry to collaborate and address current challenges during two panel sessions. The company will also present eight technical papers throughout the duration of the Congress.

Panel Sessions:
The Autonomous Vehicle Race panel
Tuesday, April 21, 9:45 a.m.
AVL Technology Leadership Center, Grand Ballroom B
Pat Bassett, vice president of Research and Development at DENSO International America, Inc., is taking part in “The Autonomous Vehicle Race panel.” Bassett is focusing on the Human Machine Interface (HMI) challenges we face as the industry heads toward autonomous drive.

The Coming STEM Crisis
Thursday, April 23, 1:30 p.m.
FEV Innovation Forum, Grand Ballroom A
Doug Patton, senior vice president of Engineering, chief technical officer of DENSO International America, Inc. and senior director of DENSO Corp., is joining educators, legislators and other corporate representatives to discuss “The Coming STEM crisis.” Panelists will address, discuss and work in identifying solutions to the struggles in filling STEM related positions any why STEM related fields are not growing.

Technical Papers:
DENSO will present eight technical papers on topics involving thermal, powertrain, electronics, connectivity and more. Click here for a full list of technical paper sessions by day.

DENSO International America, Inc (DIAM) has sponsored SAE World Congress for more than 15 years and is this year’s lanyard sponsor. If interested in learning more about the information DENSO is presenting at SAE World Congress, please contact Michelle Remer at (248) 372-8261 or michelle_remer@denso-diam.com.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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DENSO Announces North American Executive Personnel Changes

Press Releases Senior Management Announcement

SOUTHFIELD, Mich. – Global automotive supplier DENSO is pleased to announce changes to its North American executive management team. These changes support DENSO’s expansion and growth in the North American region.

Stephen Milam was promoted to chief operating officer of DENSO Thermal Systems North American Center (TAC) Business Group, leading TAC in the region. Milam will also continue to serve as president of DENSO Manufacturing Canada, Inc.

Andris Staltmanis was promoted to president of DENSO Manufacturing Michigan, Inc. (DMMI). In his new role, Staltmanis will oversee DMMI operations, as well as lead TAC manufacturing activities. In addition, Staltmanis will continue to serve as president of DENSO Manufacturing Arkansas and vice president of DMMI’s Heating, Ventilation and Air Conditioning (HVAC) plant.

Michael Winkler was promoted to vice president of DENSO’s North America Purchasing Group, responsible for overseeing regional sourcing strategy to support the growth of DENSO in North America and enhance supplier relationships. In addition, Winkler will now serve as executive coordinator of TAC Purchasing, responsible for daily operations and management of DENSO’s thermal purchasing groups. Winkler will manage annual cost reduction activities, procurement of equipment and machinery and purchasing planning. Previously, Winkler served as deputy functional leader of TAC, responsible for purchasing activities at all thermal plants in North America.

Atsushi Uchida was promoted to vice president of TAC Purchasing and Purchasing functional leader, responsible for supporting TAC daily purchasing operations and management. Previously, he served as executive coordinator of TAC Purchasing.

Martin Deschenes was promoted to vice president of Electronic Products and Body Electronics Divisions at DENSO Manufacturing Tennessee (DMTN), responsible for strategy development and execution for electronics manufacturing operations. In addition, Deschenes serves as the North American Information and Safety Business Team manufacturing leader, responsible for creating electronics manufacturing expansion strategy for the region. Previously, he served as director of the Electronics Products Division at DMTN.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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DENSO to Exhibit at Auto Shanghai 2015

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO will exhibit a wide range of products and technologies in the areas of safety and the environment at Auto Shanghai 2015. The show will be held in Shanghai, China April 22 – 29 and is open to the public. DENSO’s exhibition booth is located at 52E 101.

Safety
DENSO’s main display, called the Interactive Communication Cockpit, will showcase DENSO’s future driver-assist technologies to improve driver safety. To help driver’s keep their hands on the wheel and eyes on the road, the cockpit features a large-screen head-up display (HUD) that projects important and critical information on the windshield, like road signs, vehicle speed and potential road hazards, like pedestrians, oncoming vehicles or obstacles. In addition, the cockpit can notify driver’s of upcoming hazards with sound and light to ensure safety.

DENSO will show video of its advanced driving support system, which reduces driver workload and assists safe driving by automated driving and automatic lane change. DENSO tested this technology on a public road in Japan and demonstrated at 2014 ITS World Congress last year. The video will show those activities and introduce how DENSO has been developing its technology to achieve safer and more reliable driving.

Environment
In the area of the environment, DENSO will display injectors, high-pressure pumps and other products for gasoline direct injection systems, as well as products for hybrid and electric vehicles. Furthermore, the company will display stop/start system-related products, like its lithium-ion battery packs, which stores regenerated power and then supplies the stored regenerated power to the electrical and electronic components, such as the car navigation and audio systems. The company also will display its cold storage evaporator, which maintains a supply of cool air to the vehicle cabin to avoid a cabin temperature increase while the air- conditioning is powered down when the vehicle is at idle.

DENSO will continue to develop technologies and products to help significantly improve safety and greatly increase fuel efficiency.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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Five Time Award Recipient from Caterpillar, Inc.

Press Releases

SOUTHFIELD, Mich. – For the fifth consecutive year, DENSO has earned the Platinum-level Supplier Quality Excellence Process (SQEP) certification from Caterpillar Inc. Caterpillar created the SQEP to recognize those suppliers that demonstrate their commitment to excellence, and drive a “zero defects” culture within their organizations. Certification levels include Bronze, Silver, Gold, and Platinum, reflected in order of increasing difficulty. Suppliers are certified through SQEP by meeting or exceeding stringent supplier performance standards, such as product quality and shipping performance, which are measured over the course of a 12-month period.

“It’s an incredible honor to receive this award from Caterpillar for five straight years,” said Jim Beeman, senior manager of Plant Operations at DENSO’s Product and Services Americas – Murrieta, California location. “We’re proud to recognize the hard work, dedication and collaboration put forth by our employees in California, Michigan and globally.”

DENSO Corp’s Anjo plant, located in Anjo City, Aichi Prefecture, Japan, earned the SQEP platinum certification, and the Nishio plant, located in Nishio City, Aichi Prefecture, Japan, earned the gold certification.

At DENSO’s Murrieta, California location, the company was recognized for its remanufactured starter motors and alternators at a ceremony on Feb. 27, 2015.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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The Korea Fair Trade Commission’s Announcement Concerning the Monopoly Regulation and Fair Trade Act related to Certain Automotive Components

Press Releases

KARIYA (Japan) – The Korea Fair Trade Commission (the “KFTC”) announced today that it decided to order to rectify illegal conduct and impose a surcharge to certain automotive suppliers pursuant to Articles 19, 21 and 22 of the Monopoly Regulation and Fair Trade Act, in connection with certain past sales of automotive ignition coils and exhaust gas temperature sensors.

The KFTC has investigated this matter at certain automotive suppliers, including DENSO Corporation and its subsidiary in Republic of Korea, and the DENSO companies have fully cooperated with the KFTC.

As per the KFTC’s announcement, DENSO Corporation and its subsidiary, DENSO Korea Automotive Corporation, were named as the suppliers involved in violation of the Monopoly Regulation and Fair Trade Act (No. 8 of Section 1 in Article 19). However, the DENSO companies were exempted from all of the KFTC’s orders as described above, because they had completely eliminated the conduct that was suspected to be in violation before the commencement of the authority’s investigation and because they applied to the KFTC for the leniency program in regard to suspected illegal conduct related to sales of automotive ignition coils and exhaust gas temperature sensors, which was granted by the KFTC.

It is DENSO’s policy to comply with all applicable antimonopoly laws. Since learning of the investigation that was conducted at its U.S. subsidiary by the U.S. Department of Justice in February 2010, DENSO group companies have been taking various preventative measures, including implementing more stringent compliance rules, more enhanced compliance training and more meticulous compliance monitoring, in order to further ensure that they comply with all applicable antimonopoly laws.

DENSO is committed to compliance with all applicable antimonopoly laws around the world.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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DENSO Battle Creek, Mich. Facility Expansion: $53.6 Million Invested, 100 Jobs Added

Press Releases

SOUTHFIELD, Mich. – To support future growth and strengthen its product line-up for North American customers, DENSO has invested approximately $53.6 million and added 100 new jobs at its DENSO Manufacturing Michigan, Inc. (DMMI) facility in Battle Creek, Michigan. The investment allows DENSO to develop new manufacturing lines for advanced thermal systems, add additional labs for new product testing and validation, and expand logistics and packaging operations. The investment began in late 2014 and will continue throughout 2015.

“DENSO’s Battle Creek facility is the hub for all of our thermal production in North America,” said Shingo Kuwamura, president of DMMI and CEO of DENSO Thermal Systems North American Center. “This investment allows us to expand our ‘next generation’ manufacturing and testing capabilities, while also creating space to lead our training and leadership programs as we develop our employee’s ‘next generation’ job skills.”

Expansion of Logistics and Validation Testing in Battle Creek, Michigan:
DENSO purchased two buildings in the Fort Custer Industrial Park, which increases DMMI’s footprint to include over 1.3 million square feet of space for manufacturing, warehousing, product testing, and other support functions. One building will support with warehousing parts and packaging, as well as shipping and receiving for some customers. The other building will be dedicated to new product testing, engineering process changes and other product reliability testing for its Battle Creek, Arkansas, Canada and Mexico thermal plant locations.

The DMMI announcement is part of DENSO’s expansion plans, which were announced in January 2013, to invest nearly $1 billion in North America – more than $750 million in the United States – to strengthen and expand its product development and manufacturing capabilities across the region.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

Company Profile: DENSO Manufacturing Michigan, Inc.

Location: One Denso Road, Battle Creek, MI,49037-1056
Founded: Nov. 1, 1984
Products/Business Activities: Production of automotive air conditioning and engine cooling components and systems, including condensers, radiators, CRFMs (condenser, radiator, fan modules), heater cores, evaporators and HVAC units.
Key Management: Shingo Kuwamura, president DENSO Manufacturing Michigan, Inc. and CEO, DENSO Thermal Systems North American Center (TAC)

Yoshihiko Yoshikawa,senior vice president, Finance and Administration

Employees: 2,762 (March 1, 2015)
Ownership: 100 percent DENSO International
America, Inc.
Facilities: 1,350,000 square feet of manufacturing and administrative floor space on more than 96 acres of land. The campus also includes a 5,500 square-foot recreation center and an on-site employee pharmacy.
New Investment: Reliability and Development Center—36,000 square feet of laboratory and training space

North Logistics Center—216,390 square feet of warehouse space on 5 acres of land

OEM Customers: Toyota, Honda, General Motors, Chrysler, Ford, Fiat, Subaru, Hyundai, John Deere, CNH Global, and Cummins

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DENSO Named John Deere Power Systems Supplier of the Year for 2014

Press Releases

SOUTHFIELD, Mich. – DENSO has earned recognition as a 2014 Partner-level supplier and was also named John Deere Power Systems Supplier of the Year in the John Deere Achieving Excellence Program. The Partner-level status is Deere & Company’s highest supplier rating. At a formal ceremony on March 3, DENSO’s Heavy Duty team was recognized for its dedication in providing products and service of outstanding quality, as well as a commitment to continuous improvement.

“We’re honored to be named John Deere’s supplier of the year in the Power Systems Supplier category, and we will work to maintain this level of recognition in the future,” said Ron Abbott, director of Heavy Duty Sales at DENSO International America, Inc. “This achievement is a direct result of the dedication and hard work put forth by our employees in Iowa, Michigan and teams around the globe.”

DENSO is a supplier of diesel common rail systems, starters, compressors, alternators and engine cooling systems to John Deere’s operations in Waterloo, Iowa; Saran, France; Torreon, Mexico; and, Rosario, Argentina.

As part of the Achieving Excellence Program, DENSO is evaluated annually in several key performance categories, including quality, cost management, delivery, technical support, and wavelength, which is a measure of responsiveness. This program was created by John Deere Supply Management in 1991 to provide a supplier evaluation and feedback that promotes continuous improvement.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

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Thai DENSO Group in Collaboration with Asia Injury Prevention Foundation to Raise Safety Awareness

Press Releases

KARIYA (Japan) – In collaboration with the Asia Injury Prevention (AIP) Foundation, DENSO Corp. subsidiary Thai DENSO Group launched a safety awareness campaign to raise safety awareness in Thailand. The campaign’s objective is to reduce traffic fatalities associated with children on motorized bicycles who are not wearing helmets. DENSO kicked off this campaign during Thailand’s National Children’s Day on January 14 and donated 612 helmets to a local school in Thailand.

According to a survey conducted by the World Health Organization (WHO) in 2010, Thailand ranks third in the world for traffic fatalities. In December 2014, the Thailand Accident Research Center found only 7 percent of children wear helmets on motorized bicycles. As one of DENSO’s 2020 Long-term goals is to significantly reduce traffic accidents worldwide, the company is taking steps to improve safety with technology and through awareness campaigns worldwide.

Global Safety Initiatives
In September 2013, DENSO joined the Road Safety Fund, an international fund established by WHO and the Fédération Internationale de I’Automobile (FIA) Foundation*1, that promotes road safety activities around the world. The latest campaign in Thailand is part of the Road Safety Fund. Other initiatives are also taking place globally to ensure safety on the road. In Japan, DENSO has created maps which enable consumers to discover hazardous locations on the roadway to prevent traffic accidents. A safety campaign in Hungary has also been established for the local communities by distributing reflectors to elementary school students.

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

(Notes)
*1The FIA Foundation is a charity established by the Fédération Internationale de I’Automobile (FIA) in the U.K. Since 2002, the Foundation has supported the WHO and the World Bank in global road safety activities and financing.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

# # #

DENSO to Build a New Plant in Cambodia

Press Releases

KARIYA (Japan) – DENSO Corp. today announced that it will construct a new plant in Cambodia to produce magnetos and oil coolers. The new plant, which is located in the Phnom Penh Special Economic Zone where DENSO Cambodia Co., Ltd. operates its existing plant, will support the increasing vehicle production in the ASEAN region. DENSO’s new facility is scheduled to begin production in March 2016 and will result in about 300 new jobs.

DENSO remains committed to offering products that meet the expectations of customers and consumers. This expansion will also support job creation and economic development of local communities in the region.

The Profile of the new plant is as follows:
Name: New plant of DENSO Cambodia Co., Ltd. (tentative name)
Location: Cambodia Phnom Penh Special Economic Zone (approx. 20 min. by car from Phnom Penh International Airport)
Investment: Approx. US$19 million (2.24 billion yen)*
Employees: Approx. 380 (planned for 2017)
Site area: 100,000 m2
Total floor area: 9,600 m2
Business description: Manufacturing magnetos and oil coolers, etc.
* Exchange rate used is 118 yen to the US dollar.

[Reference]
Profile of DENSO Cambodia:
Name: DENSO Cambodia Co., Ltd.
Location: Cambodia Phnom Penh Special Economic Zone (approx. 20 min. by car from Phnom Penh International Airport)
President: Yasuhiro Iida (concurrently serves as President of DENSO Thailand Co., Ltd.)
Establishment: January 2013
Capital: US$19.37 million (2.28 billion yen)*
Ownership: DENSO INTERNATIONAL ASIA PTE. LTD (100%)
Sales: Approx. US$3.3 million (389 million yen) (2014)*
Employees: Approx. 80 (as of January 2015)
Business description: Manufacturing sensors for magnetos, etc.
* Exchange rate used is 118 yen to the US dollar.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

# # #

Energy Excelerator Leans Into Automotive With New Corporate Partner, DENSO

Press Releases

Honolulu, HI, February 19, 2015 – The Energy Excelerator, a startup accelerator program that provides funding and strategic relationships to help young companies solve the world’s energy and transportation challenges, is partnering with global automotive supplier DENSO in an effort to further accelerate the commercialization of innovative energy-related technologies. This partnership aligns with the Energy Excelerator’s 2015 cohort of companies – 16 companies with innovative energy solutions selected from a pool of over 300 applicants – and also supports DENSO’s 2020 goal to significantly improve vehicle fuel efficiency, reduce CO2 emissions, and to also reduce the world’s overall energy consumption.

“The Energy Excelerator is unique because it enables startup companies that can help solve tomorrow’s energy and transportation challenges vet their technologies in a real-world test bed through this program,” said Tony Cannestra, director of Corporate Ventures at DENSO International America. “In addition to DENSO’s extensive internal R&D efforts, DENSO is also very committed to fostering and supporting external innovation in key areas such as transportation and energy efficiency.”

As a corporate sponsor, DENSO will work with the Energy Excelerator in three key ways:

  1. Hold a position on the Energy Excelerator’s Strategic Advisory Board where DENSO will help identify challenges within the energy-transportation nexus. Those challenges will guide the selection of startups Energy Excelerator chooses for the 2016 cohort.
  2. Get a first look at, and provide valuable feedback on, the newest innovations in transportation and energy that enter the Energy Excelerator’s pipeline of startups.
  3. Have the opportunity to be a project partner for proposed demonstration projects with Energy Excelerator’s cohort companies.

“We are excited to partner with DENSO to address energy- and transportation-related challenges in innovative ways. Two sectors DENSO is heavily involved in, transportation and energy storage, are well represented in our 2015 cohort,” said Dawn Lippert, director of the Energy Excelerator. “In addition to aligning with our mission, DENSO can also bring tremendous value to our companies in helping scale their solutions to the rest of the world.”

DENSO’s partnership will help expand the Energy Excelerator’s program, as well as further accelerate the commercialization of innovative energy-related technologies. DENSO joins the Office of Naval Research, the U.S Department of Energy, the Hawaii State Energy Office, and Hawaiian Electric Industries as strategic advisors of the Energy Excelerator. In addition, DENSO also is sponsoring Energy Excelerator partners, ProspectSV, a Silicon Valley-based commercialization center for emerging technology companies, and Cleantech Open, the world’s largest cleantech accelerator.

DENSO’s Silicon Valley office actively works with startup companies, and through this partnership with the Energy Excelerator expects to gain access to new technologies in the areas of electric vehicles, transportation, batteries, and energy storage while also expanding DENSO’s overall presence and visibility within entrepreneurial networks.

In 2008, the State of Hawaii committed to 70 percent reduced oil use in transportation by 2030. This aggressive goal is now the focus of the Hawaii Clean Energy Initiative, the state-federal partnership to decrease Hawaii’s dependence on imported oil. The Energy Excelerator is working with the State of Hawaii to achieve its aggressive goals by introducing new solutions to Hawaii, providing funding and facilitating the partnerships needed to demonstrate these technologies, and helping these companies scale their customer base.

About the Energy Excelerator
The Energy Excelerator is a startup program dedicated to helping solve the world’s energy challenges, starting in Hawaii. We help innovative companies succeed in Hawaii and the Asia Pacific with funding, strategic relationships, and a vibrant ecosystem. Our program is primarily funded by the U.S. Department of Energy and the U.S. Office of Naval Research and operates as a project of the Pacific International Center for High Technology Research (PICHTR).

Website: energyexcelerator.com
Connect with us on Twitter: twitter.com/energy_excel

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

Currently in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama and Arkansas. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

# # #

DENSO Announces Third-quarter Financial Results

Press Releases

KARIYA (Japan) – DENSO Corp. today announced its third quarter global financial results for the nine months ending Dec. 31, 2014:

  • Consolidated net sales totaled 3,160.3 billion yen (US$26.2 billion), a 4.8 percent increase from the previous year.
  • Consolidated operating income totaled 255.3 billion yen (US$2.1 billion), an 11.9 percent decrease from the previous year.
  • Consolidated net income totaled 195.4 billion yen (US$1.6 billion), a 13.4 percent decrease from the previous year.

“DENSO’s sales increased due to an overseas production volume increase,” said Kenichiro Ito, executive director of DENSO Corporation. “However, despite cost reduction efforts, an increase in production volume as well as the depreciation of yen, research and development expenditures and investment costs for strengthening future growth led to a decrease in operating income.”

In Japan, the market shift towards compact cars and the decrease of export sales led to a decrease in sales to 1,972.4 billion yen (US$16.4 billion), a 2.4 percent decrease from the previous year. The decrease in production volume and the increase in labor costs and other expenses led to an operating income of 164.6 billion yen (US$1.4 billion), a 25.2 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in sales to 695.9 billion yen (US$5.8 billion), a 16.0 percent increase from the previous year. As a result of the increase in production volume and the cost reduction effort, the operating income totaled 26.3 billion yen (US$218.5 million), a 125.6 percent increase from the previous year.

In Europe, car production increased due to the recovery of the economic slump, which led to an increase in sales to 402.7 billion yen (US$3.3 billion), a 13.2 percent increase from the previous year. Due to the increase in production volume and the cost reduction effort, the operating income totaled 11.2 billion yen (US$92.8 million), a 73.2 percent increase from the previous year.

In Asia and Oceania, the increase of car production, mainly in China, resulted in a sales increase of 771.8 billion yen (US$6.4 billion), a 9.1 percent increase from the previous year. The increase in labor costs and the expenditure on production and research and development capability for strengthening future growth led to an operating income of 54.1 billion yen (US$448.4 million), a 7.8 percent decrease from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, sales totaled 56.9 billion yen (US$471.9 million), a 1.3 percent increase from the previous year. The operating income totaled 0.9 billion yen (US$7.1 million), a 112.7 percent increase from the previous year.

“Considering business conditions, such as the decrease in car production mainly in Japan and Asia and Oceania, and the depreciation of the yen, we have decided to upwardly revise the original forecasts for the full-year financial results,” said Ito

(Foreign exchange rates used for fourth quarter are US$= 115yen Euro= 135yen, and for the full-year are: US$= 109yen Euro=139yen)

Forecast for Fiscal Year Ending March 31, 2015

FY Forecast,(Original) FY Forecast,(Revised) Changes from Previous FY
Net Sales 4,230.0 billion yen [US$35.1
billion]
4,270.0 billion yen,[US$35.4 billion] +174.1
billion en,(+4.2 percent)
Operating income 350.0 billion yen [US$2.9 billion] 355.0 billion yen,[US$2.9 billion] -22.7 billion yen,(-6.0 percent)
Income before income taxes and,minority interests 377.8 billion yen,[US$3.1 billion] 385.0 billion yen,[US$3.2 billion] -33.6 billion yen,(-8.0 percent)
Net income 248.0 billion yen,[US$2.1 billion] 264.0 billion yen,[US$2.2 billion] -23.4 billion yen,(-8.1 percent)

 

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 120.55 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on December 30, 2014. Billion is used in the American sense of one thousand million.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

# # #

DENSO to Adopt International Financial Reporting Standards

Press Releases

KARIYA (Japan) – DENSO Corp. today announced that it plans to voluntarily adopt the International Financial Reporting Standards (IFRS). The first document to use IFRS, in place of Japanese accounting standards, will be the consolidated financial statements in DENSO’s Annual Securities report for the fiscal year ending March 31, 2015.

DENSO chose to adopt the IFRS as a global standard to accelerate speedy management by unification of accounting standards in group companies, and to enable stakeholders to more conveniently compare the financial information of DENSO and other companies in capital market.

Japanese accounting standards will continue to be applied to the summary of consolidated financial results for the fiscal year ending March 31, 2015, as well as the consolidated financial statements constructed in accordance with the Companies Act of Japan for the same period.

 

Tentative schedule for shift to disclosure based on IFRS

 

Summary of consolidated financial results for the fiscal year ending March 31, 2015.
April 2015
  • Consolidated operating results for the fiscal year ending March 31, 2015
  • Consolidated performance forecasts for the fiscal year ending March 31, 2016
-Japanese accounting standards
-IFRS
June 2015
  • Consolidated financial statements for the fiscal year
    ending March 31, 2015, constructed in accordance with the Companies Act.
  • Annual securities report for the fiscal year ending
    March 31, 2015
-Japanese accounting standards
-IFRS

 

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 109.45 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on September 30, 2014. Billion is used in the American sense of one thousand million.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

# # #

Koji Arima to be Elected DENSO President in June

Press Releases Senior Management Announcement

KARIYA (Japan) – DENSO Corp. today announced plans to elect Koji Arima as new president and CEO after the annual shareholders meeting in June. Current President and CEO Nobuaki Katoh will be promoted to chairman.

“I am both honored and determined to lead DENSO to further success as we continue to focus on developing world-first technologies, innovations in manufacturing, and true globalization,” Arima said. “I am dedicated to meeting the needs of our current and future customers, as well as fostering a sense of community and collaboration among DENSO’s 140,000 global employees.”

Arima joined DENSO in 1981, after earning a bachelor’s degree in Engineering from Kyoto University in Kyoto, Japan. He currently serves as senior executive director of DENSO’s Manufacturing Innovation Center.

Before assuming leadership of the Manufacturing Innovation Center, Arima’s assignments included serving as president of DENSO Manufacturing Italia and as executive director of DENSO’s Engine Electrical Systems Business Unit. Additional overseas experience included a stint at DENSO Manufacturing Tennessee in Maryville, Tennessee.

Katoh has served as DENSO’s president and CEO since June 2008. Katoh led DENSO through the economic recession that followed the Lehman Brothers bankruptcy and the instability caused by the Great East Japan Earthquake, focusing on sustainable growth and increasing localization.

“It has been my honor and pleasure to serve as DENSO’s president for the past seven years,” said Katoh. “Arima has the qualities DENSO needs to stay competitive in the rapidly changing global business environment—a clear vision for the future, strong leadership and global experience, and broad business perspective.”

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica.

# # #

DENSO Manufacturing Athens Tennessee Grabs Hold of Star Safety Award for Third Time

Press Releases

SOUTHFIELD, Mich. – Tennessee Governor Bill Haslam presented DENSO Manufacturing Athens Tennessee with the state’s highest honor for workplace safety and health, the Volunteer STAR (Safety Through Accountability and Recognition) award at a news conference today at DENSO’s Athens, Tennessee facility.

“On behalf of our employees, I’m very proud to accept this award today,” said Ike Yamashita, president of DENSO Manufacturing Tennessee. “At DENSO, our policy is Safety and Quality First, and this award recognizes our excellent workforce and continuous commitment to safety.”

The Volunteer STAR is a nationally recognized program patterned after the Occupational Safety and Health Administration (OSHA) Voluntary Protection Program (VPP) and recognizes the best of the best in the area of safety and health programming and performance. There are currently 40 Volunteer STAR sites in Tennessee.

DMAT has approximately 1,450 employees in manufacturing of automotive components, such as oxygen sensors, spark plugs, ignition coils, monolithic carriers, fuel injectors, air flow meters and fuel rails for the automotive industry. This is the site’s third time to receive the Volunteer STAR award.

About the Volunteer STAR Program and the VPP
The standard for participation in the STAR program is the confirmation of a company’s safety and health program, which helps reduce accidents and injuries. The program also allows employers to be removed from programmed compliance inspection lists for a period of three years. The VPP is designed to recognize and promote effective safety and health management. In the VPP, management, labor and Tennessee OSHA establish a cooperative relationship at a workplace that has implemented a strong program.

For more information on the Volunteer STAR award program, the VPP and other award programs, please visit the Department of Labor and Workforce Development website.

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Athens Tennessee Facility Expands Again – Company to Invest Approximately $85 million and Hire 400

Press Releases

SOUTHFIELD, Mich. – DENSO is investing approximately $85 million to expand production of its gasoline direct injection (GDI) capability at DENSO Manufacturing Athens Tennessee (DMAT), in Athens, Tennessee, resulting in about 400 new jobs over the next three years. The company is building a new 224,000 sq. ft. facility at its existing location and will start production in July 2016. This marks DMAT’s third major investment in an 18-month period. The overall expansion effort will represent a total investment of approximately $190 million and more than 700 new jobs.“This project is critical to support the growing need of gasoline direct injection in North America as automakers are turning to this technology to help meet fuel-efficiency and emissions regulations,” said Brian Nolen, General Manager of DMAT’s Gasoline Products Manufacturing Division. “The localization of gasoline direct injection technology is resulting in new jobs, new production lines, new approaches to training and new growth among our supply partners in North America.”

Fueling Jobs and Powering New Lines
DMAT’s recent investment has not only created new jobs for DENSO, but it has also resulted in new growth and job creation for its U.S. supply base. Last year, the Autocam Group of NN Inc., announced that it expanded production at its Marshall, Michigan location and will nearly double its employee base to produce precision-machined metal components for use in DENSO gasoline direct injection fuel systems. In addition, DENSO researched and worked with new local and global machine makers to help build the lines, including the new Machinery and Tools Division at DENSO Manufacturing Tennessee, in Maryville, Tennessee.

DMAT currently employs more than 1,450 employees, and has been producing fuel injectors (among other automotive components) since 1998 for the North America region. DENSO’s latest generation of GDI technology is geared to deliver more power and lower emissions while being more compact. Its reliability and flexibility allows it to be used in markets around the world. For consumers, it’s an overall savings at the gas pump and a satisfaction they are helping reduce impact to the environment.

About DENSO
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

DENSO is investing approximately $85 million to expand production of its gasoline direct injection capability at DENSO Manufacturing Athens Tennessee in Athens, Tennessee, resulting in about 400 new jobs over the next three years.

# # #

DENSO to Display Environment and Safety Technologies at the 2015 North American International Auto Show

Press Releases

SOUTHFIELD, Mich. – Global automotive supplier DENSO is exhibiting at the 2015 North American International Auto Show for the 11th consecutive year, held at Cobo Center in Detroit, Jan. 12-25. As a premier sponsor, DENSO is showcasing products and technologies in the areas of environment and safety.

Safety:
DENSO will exhibit cutting edge vehicle-to-vehicle and vehicle-to-infrastructure (V2X) and Human Machine Interface (HMI) technologies, with a simulator that allows consumers to experience the safety and convenience benefits of this revolutionary technology. This experience will also show how consumers’ vehicles will communicate with personal mobile devices, like smartphones, to prevent pedestrian accidents in the future. In addition, DENSO will feature an autonomous drive display where consumers can see how active safety and HMI technologies will help realize an autonomous drive society.

Environment:
DENSO will also display its newly developed standardized Heating, Ventilating and Air Conditioning (HVAC) unit, which is smaller and more efficient than previous generations. It’s the world’s first standardized HVAC component that can be used in a wide variety of vehicles, which will allow carmakers to realize a cost savings. DENSO’s will feature its Gasoline Direct Injection (GDI) and Hybrid and Electric Vehicle (HEV) technologies.

Smart City:
DENSO will also show its vision for “smart cities” of the future, and how we can apply our expertise beyond the automotive industry. Through a Smart City miniature diorama, we’ll bring a future city to life via looping projection-mapped animation. The display will show consumers how vehicles, infrastructure and homes become connected and more energy efficient.

Questions & Interview Scheduling:
If you would like to schedule an interview with DENSO executives, please contact Bridgette LaRose at 586-703-3322 or bridgette_larose@denso-diam.com or Michelle Remer at 989-280-6960 or michelle_remer@denso-diam.com.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

DENSO Named 2015 Automotive News PACE Award Finalist

Press Releases

SOUTHFIELD, Mich. – DENSO’s newly standardized Heating, Ventilating and Air Conditioning (HVAC) unit has been selected as a finalist for the 2015 Automotive News Premier Automotive Suppliers’ Contribution to Excellence (PACE) Award. DENSO’s world-first HVAC unit can be used in a wide variety of vehicle lines and models resulting in a cost-saving for car makers.

“The challenge was big, but our latest HVAC system is one of our smallest ever,” said Jason Hendry, director of Climate Control at DENSO International America, Inc. “Our products are designed with ease of assembly – they contain fewer parts and have features that are easier to grasp, move, orient and insert.”

Traditionally, HVAC units are designed and tailored to each vehicle model; however, this new unit is unique in that it eliminates the need for multiple designs. Small changes in the case width of the HVAC module allow car makers to use it throughout various models and segments. The newly standardized unit reduces CO2 emissions through improved vehicle efficiency from the overall reduction in size, mass and electrical power consumption.

In 2014, DENSO began mass production of the HVAC unit began in Japan and production in North America is planned to begin in 2015 – other global regions will follow from 2016 to 2018.

DENSO received the Automotive News PACE Award in 2004 for the Very High-Pressure Solenoid Fuel Injection System. PACE Award winners will be announced on April 20, 2015 at the Max M. Fisher Music Center in Detroit.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

# # #

DENSO to showcase technological innovations at 2015 International Consumer Electronics Show

Press Releases

SOUTHFIELD, Mich. – Global auto supplier DENSO will exhibit at the upcoming 2015 International CES (Consumer Electronics Show) in Las Vegas, showcasing innovative solutions that will make life safer, greener and easier. DENSO will be exhibiting in the main show at Tech East at the Las Vegas Convention and World Trade Center (LVCC); North Hall, Booth #302.

DENSO will demonstrate technologies and concepts that can help people safely connect when they are in the car. Some of those technologies, along with V2X (vehicle-to-vehicle and vehicle-to-infrastructure) technology will be demonstrated on two vehicles inside DENSO’s exhibit.

DENSO also is applying its automotive technology expertise to other products that can provide a better quality of life for people around the world, such as ProFarm Agricultural System, which is used in greenhouses to improve growing conditions for fresh vegetables and fruit, and a Health Monitoring System, which collects medical and health-related information and checks and monitors the user’s physical condition.

Also featured in DENSO’s exhibit is a Smart City installation, a miniature diorama of an intelligent future city brought to life via looping projection-mapped animation.

This is the second time DENSO has exhibited at CES. DENSO joins more than 3,500 exhibitors, including nine automotive manufacturers, at the 2015 International CES, Jan. 6-9 at the Las Vegas Convention Center.

About DENSO:
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 33 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, Alabama and Pennsylvania. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Establishes New Logistics Center in Nashville, Tennessee

Press Releases

SOUTHFIELD, Mich. – To meet increasing sales in North America, global automotive supplier DENSO will open a new shipping warehouse in Nashville, Tennessee. The company will invest approximately $6.7 million to open a 165,000 square-foot warehouse, which will result in the creation of about 20 new jobs. DENSO’s new location, DENSO Logistics Nashville Tennessee (DLNT), is scheduled to open in April 2015.

“This new warehouse enables us to expand our capabilities to satisfy our customers and also support continued sales growth,” said Britt Autry, vice president of the North American Production Promotion Center at DENSO Manufacturing Tennessee in Maryville.

Warehouse Expansion in Michigan:
Along with the Nashville expansion, DENSO also recently invested approximately $1.6 million to expand its DENSO Logistics Michigan (DLMI) warehouse, located in Belleville, Michigan. The investment represents the addition of 40,902 square feet and 10 new jobs. DLMI opened its doors in 2007 to coordinate the distribution of products from various countries, like Japan, Spain, Hungary and Thailand, to a wide range of DENSO’s North American customers. With the addition of DLNT, DENSO will have six warehouses in North America.

The Michigan and Tennessee warehouse news is part of DENSO’s expansion plan to invest nearly $1 billion in North America – more than $750 million in the United States – to strengthen and expand its product development and manufacturing capabilities across the region.

Interested in Applying for a Job:
To apply for a position at DENSO’s new Nashville, Tennessee location, or any other location in North America, please visit www.densocorp-na.com/careers/working-at-denso.

New Company Profile

Facility Name: DENSO Logistics Nashville Tennessee (DLNT)
Established: October 2014
Ownership: 100 percent DENSO International America, Inc.
President: Sadahiro Usui
Products: Warehouse Logistics Center
OEM / OES Pass Thru Parts (No Assemblies)
Employees: 20 (Projected for April 2015)
Location: 648 Couchville Pike
Mt. Juliet, Tennessee 37122
Building square footage: 165,000 square feet
Investment includes: Personal property, new equipment, expansion of office space, setup and training.
Total investment cost: $6.7 million

 

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Receives 11 GM Supplier Quality Excellence Awards World-wide

Press Releases

SOUTHFIELD, Mich. – DENSO received 11 General Motors (GM) Supplier Quality Excellence awards world-wide for its efforts in 2014. The award, which is GM’s highest global award for supplier quality, recognizes production plants and facilities that meet a stringent set of quality performance criteria.

“Quality is the foundation of DENSO, and to be recognized by General Motors is a great honor,” said Scott Crockett, director of Quality for DENSO International America, Inc., DENSO’s North American headquarters. “Without our employees’ great attention to detail and hard work, we wouldn’t be able to achieve these levels of quality and receive multiple awards.”

In North America

  • DENSO Manufacturing Tennessee, Inc. – Plant 201 in Maryville, Tennessee (third consecutive year)
  • DENSO Manufacturing Tennessee, Inc. – Plant 101/102 in Maryville, Tennessee
  • DENSO Manufacturing Athens Tennessee, Inc. in Athens, Tennessee
  • DENSO Mexico S.A. de C.V. – Guadalupe Plant in Guadalupe City, Nuevo León State, Mexico
  • ASMO Greenville of North Carolina, Inc. in Greenville, North CarolinaAround the World
    • DENSO Corp. – Daian Plant in Inabe, Mie prefecture, Japan
    • DENSO Corp. – Anjo Plant in Anjo, Aichi Prefecture, Japan
    • Hamanako DENSO Co. Ltd. – Hamaden Plant in Kosai City, Shizuoka Prefecture, Japan
    • DENSO Barcelona S.A. in Barcelona, Spain
    • DENSO Korea Electronics Corp. in KyongNam, Changwon, Sungsangu, Oedong
    • ASMO Czech, s.r.o. in Zru? nad Sázavou, Czech RepublicAbout the Award
      The GM Supplier Quality Excellence Award was implemented in 2012 as a way to recognize the top 7 percent of product suppliers who are compliant and meet a stringent set of quality performance criteria as well as provide cross-functional support to GM. Suppliers are awarded based on their performance from July 1 through June 30 each year.About DENSO Corporation:
      DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

      About DENSO in North America:
      DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

      Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Announces First-half Financial Results

Press Releases

KARIYA (Japan) – DENSO Corporation today announced its global financial results for the first half of the fiscal year ending Sept. 30, 2014:
  • Consolidated net sales totaled 2,071.0 billion yen (US$18.9 billion), a 4.2 percent increase from the previous year.
  • Consolidated operating income totaled 161.3 billion yen (US$1.5 billion), a 16.1 percent decrease from the previous year.
  • Consolidated net income totaled 122.4 billion yen (US$1.1 billion), a 18.5 percent decrease from the previous year.

”Sales increased due to the production volume increase. Despite cost reduction efforts and the increase in production volume, research and development expenditures and investment costs led to the decrease in operating income” said Nobuaki Katoh, president and CEO of DENSO Corp.

In Japan, the market shift towards compact cars and decrease of export sales, led to a decrease in sales to 1,294.9 billion yen (US$11.8 billion), a 2.6 percent decrease from the previous year. The decrease in production volume and the increase in labor costs, and other expenses led to an operating income of 105.8 billion yen (US$966.5 million), a 26.4 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in sales to 446.4 billion yen (US$4.1 billion), a 10.8 percent increase from the previous year. As a result of the increase in production volume and the cost reduction effort, the operating income totaled 13.5 billion yen (US$123.2 million), a 44.8 percent increase from the previous year.

In Europe, car production increased due to the recovery of economic slump, which led to an increase in sales to 265.2 billion yen (US$2.4 billion), a 13.1 percent increase from the previous year. Due to the increase in production volume and the cost reduction effort, the operating income totaled 7.4 billion yen (US$67.9 million), a 101.2 percent increase from the previous year.

In Asia and Oceania, the increase of car production, mainly in China, resulted in a sales increase of 495.4 billion yen (US$4.5 billion), a 8.3 percent increase from the previous year. The increase in labor costs and the expenditure on production, research and capability led to an operating income of 33.1 billion yen (US$302.8 million), a decrease from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, sales totaled 37.8 billion yen (US$345.1 million), a 4.6 percent decrease from the previous year. The operating income totaled 0.5 billion yen (US$5.0 million), a 51.5 percent decrease from the previous year.

“Considering the first-half financial results and future business conditions, we have decided to revise the original forecasts for the full-year financial results,” said Katoh.

(Foreign exchange rates used for the second-half financial result forecasts are US$=105yen Euro=135 yen, and full-year financial result forecasts are: US$=104yen Euro=137 yen)

Forecast for Fiscal Year Ending March 31, 2015

FY Forecast
(Original)
FY Forecast
(Revised)
Changes
from Previous FY
Net Sales 4,140.0 billion yen
[US$37.8 billion]
4,230.0 billion yen
[US$38.6 billion]
+134.1 billion yen
(+3.3 percent)
Operating income 350.0 billion yen
[US$3.2 billion]
350.0 billion yen
[US$3.2 billion]
-27.7 billion yen
(-7.3 percent)
Income before
income taxes and minority interests
378.0 billion yen
[US$3.5 billion]
377.8 billion yen
[US$3.5 billion]
-40.8 billion yen
(-9.8 percent)
Net income 248.0 billion yen
[US$2.3 billion]
248.0 billion yen
[US$2.3 billion]
-39.4 billion yen
(-13.7 percent)

 

(Notes) (Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 109.45 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on September 30, 2014. Billion is used in the American sense of one thousand million.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Talks Mobile Security at SAE 2014 Convergence

Press Releases

SOUTHFIELD, Mich. – Global automotive supplier DENSO is joining technology leaders worldwide at the SAE 2014 Convergence, to address evolving electronics technology. SAE Convergence is held Oct. 21-22, 2014 at COBO Center in Detroit, Michigan.

Panel Session: A Secure Personal Mobility Experience
Roger Berg, vice president of North America Research and Development at DENSO International America, Inc. (DIAM), is participating in a panel discussion on Tuesday, Oct. 21 at 2:00 p.m. in Grand Ballroom B, located on Level 2. The focus will be on automotive systems becoming more-interconnected and how critical it is for safety and cyber-security to be assured.

SAE Convergence Sponsor
DENSO also is the SAE 2014 Convergence lanyard sponsor.

Earlier this year, DENSO expanded its Silicon Valley, California office to further support advanced research and development activities in multiple areas of technological innovation, such as mobile security. As part of its substantial innovation efforts, DENSO created a dedicated team in the Silicon Valley office that will aggressively pursue investments into entrepreneurs and startup companies; Berg helps lead these activities in Silicon Valley.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO to End Production at DENSO Automotive Systems Australia

Press Releases

KARIYA (Japan) – DENSO Corp. today announced that it has decided to end production at DENSO Automotive Systems Australia in line with the withdrawal of its customers’ from auto production in Australia. DENSO will determine when production will end based on its customers’ schedules.

DENSO started operations in Australia in 1972 and has manufactured several automotive products, including climate control units and radiators, for local customers. In line with the decisions made by its customers to withdraw from the auto production in Australia, DENSO has decided to end its local production. The company will continue with its aftermarket business and services.

DENSO will provide the maximum support necessary, including transitional support and job placement assistance to employees affected by this decision.

“Due to our customers’ decisions to end production, we had no choice but to make this very difficult decision,” said Nobuaki Katoh, president and CEO of DENSO Corporation. “I would like to express my deepest appreciation to our employees and the local community for their support of DENSO in Australia for the past 42 years.”

Profile of the Company

Name DENSO Automotive Systems Australia Pty. Ltd.
President Russell Jopson
Location Victoria, Australia
Establishment 1989
Employees Approximately 400 (as of March 2014)
Business Description Manufacture and sales of automotive climate control units,
radiators, instrument clusters, etc.

 

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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U-M Connected and Automated Vehicle Initiative Announces Founding Corporate Partners

Press Releases

ANN ARBOR, Mich. – A select group of companies will be the founding partners in the University of Michigan’s Mobility Transformation Center (MTC), a major public-private R&D initiative that aims to revolutionize the movement of people and goods in society the university announced Friday.

Spanning such sectors as auto manufacturing, suppliers, ITS, insurance, telecommunications, data management, and mobility services (see list below), the MTC’s Leadership Circle will join with government and academic partners to lay the foundations for a commercially viable system of connected and automated vehicles.

Plans call for implementing a working system in Ann Arbor by 2021.

“We are on the threshold of a transformation in mobility that the world hasn’t seen since the introduction of the automobile a century ago,” said Dr. Peter Sweatman, director of the MTC. “Only by bringing together partners from these sectors as well as from government will we be able to address the full complexity of the challenges ahead as we all work to realize the opportunities presented by this emerging technology. I am thrilled with the diversity and global reach of the new ecosystem of companies and agencies we have created. Our Founding Leadership Circle provides a unique nucleus for collaboration, deployment, and rapid learning in connected and automated mobility.”

Connected vehicles, commonly known as V2V, have been tested extensively by the University of Michigan Transportation Research Institute (UMTRI) in the USDOT’s Safety Pilot Model Deployment in Ann Arbor. The results have been used to support the recent Advanced Notice of Proposed Rule Making announcement by the National Highway Traffic Safety Administration (NHTSA). Connected vehicle technology, including vehicles that can communicate with one another and with the surrounding infrastructure (V2I), has the potential to avoid the majority of serious crashes when extensively deployed.

With the help of the Michigan Economic Development Corporation (MEDC), MTC is building on this two-year deployment of approximately 3,000 vehicles to create a major V2V deployment of 9,000 vehicles in Ann Arbor. The Center is also working with the Michigan Department of Transportation (MDOT) and industrial partners to provide sufficient V2I infrastructure in SE Michigan to support an unprecedented deployment of 20,000 connected vehicles.

“This is the next big thing for the state that put the world on wheels,” said MDOT Director Kirk T. Steudle. “We are thrilled to join our partners in private industry and the University of Michigan in supporting groundbreaking research to keep our state in the lead in building the safest and most efficient vehicles in the world.”

In addition to their definitive role for safety, connected vehicles will accelerate the deployment of one of the most exciting concepts in transportation today: vehicle automation. To make the most of this convergence, MTC is developing an off-roadway facility for testing connected and automated vehicles.

Occupying 32 acres on U-M’s North Campus Research Complex, the Mobility Transformation Facility (MTF) is a unique off-roadway cityscape with the broad range of complexities that vehicles encounter in urban and suburban environments. Scheduled to be completed this fall, it includes 4 lane-miles of roads with intersections, roadway markings, traffic signs and signals, sidewalks, benches, simulated buildings, streetlights, parked cars, pedestrians and obstacles such as construction barriers. This facility was designed and constructed in partnership with MDOT and is available to Leadership Circle members to work collectively on big system issues as well as on specific technological developments.

With the goal of accelerating progress in the development and implementation of connected and automated technology, Leadership Circle members will work together to identify emerging opportunities as well as the barriers to realizing them, anticipate and help shape key standards and regulations, and help guide the direction of the research.

“The collective potential of our founding Leadership Circle for innovation and constructive public-private engagement is immense,” said Sweatman. “Working together, this new group of partners will provide a voice of reason in this exciting technological landscape, while moving forward with a sense of urgency for accelerated deployment.”

MTC’s research program will draw on a wide range of expertise from the University of Michigan’s schools and colleges.

“We have key strengths in engineering and science, but the challenges ahead are not just technical,” said Sweatman. “We will engage faculty from across campus to address interrelated legal, political, regulatory, social, economic, and urban planning issues.”

Founding members of the Leadership Circle are each committing a total of $1 million over three years to create a vibrant R&D ecosystem, and to support the MTC and its programs. A broader range of companies will engage in the work of the Center as Affiliates.

“With more than 375 public and private automotive R&D centers representing organizations from around the world, extensive manufacturing facilities, and an exceptional pool of talent, Michigan is uniquely positioned to spark the transformation of mobility worldwide,” said Nigel Francis, senior vice president at the Michigan Economic Development Corporation, Automotive Office. “The MTC is playing a critical role in catalyzing the diverse technologies, talent, and resources from this region and beyond needed to accelerate progress and usher in a new era of mobility.”

The founding members of the MTC Leadership Circle are:

Delphi Automotive PLC
Contact:Kristen Kinley; kristen.kinley@delphi.com; 248-535-3930
DENSO Corporation
Contact:Julie Kerr; julie_kerr@denso-diam.com; 248-372-8260
Econolite Group, Inc.
Contact: Persephone Oliver; poliver@econolite.com; 714-299-5254
Ford Motor Co.
Contact: Susannah Wesley; swesley8@ford.com; 313-594-7903
General Motors Co.
Contact: Daniel Flores; daniel.flores@gm.com; 313-418-2374
Honda Motor Co., Ltd
Contact: Jessica Howell; jessica_howell@hna.honda.com; 313-410-3487
Iteris, Inc.
Contact: Abbas Mohaddes; akm@iteris.com; 949-270-9400
Nissan Motor Co., Ltd
Contact: Wendy Payne; Wendy.Payne@Nissan-USA.com; 248-826-4166
Robert Bosch LLC
Contact: Linda Beckmeyer;,linda.beckmeyer@usbosch.com; 248-876-2046
State Farm Mutual Automobile Insurance Company
Contact: Angie Rinock; Angie.rinock.i4v5@statefarm.com; 269-207-8006
Toyota Motor Co.
Contact: Cindy Mahalak; cynthia.mahalak@tema.toyota.com; 734-788-3214
Verizon Communications, Inc.
Contact: Marie McGehee; marie.mcgehee@verizon.com; 908-229-1894
Xerox Corp.
Contact: Carl Langsenkamp; carl.langsenkamp@xerox.com; 585-423-5782

 

Join the conversation: #GoDriverless. For more information on the University of Michigan’s Mobility Transformation Center, please visit www.mtc.umich.edu.

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Judgment on the Rescission of the Supplementary Tax Assessment Order Based on the Application of the Anti-Tax Haven Taxation Rule

Press Releases

KARIYA (Japan) – On June 28, 2010, DENSO Corp. received a supplementary tax assessment order from the Nagoya Regional Taxation Bureau, pursuant to the provisions of the Special Taxation Act concerning tax havens. The supplementary income assessment was approximately 11.4 billion yen (US$108.3 million) and the additional tax payment was approximately 1.2 billion yen (US$11.4 million), including the local government taxes, covering DENSO’s Singapore subsidiary for the fiscal years ending March 2008 and 2009. DENSO, dissatisfied with the supplementary tax assessment order, has been filing a complaint with the Nagoya District Court for the rescission of the supplementary tax assessment order. On Sept. 4, DENSO received the judgment for this assessment.

Development of the Case:

  • June 28, 2010: DENSO received a supplementary tax assessment order
  • Aug. 26, 2010: DENSO filed an objection with the Regional Commissioner
  • Nov. 24, 2010: Objection filed by the Company was dismissed by Regional Commissioner
  • Dec. 22, 2010: Filing of a petition with the National Tax Tribunal to seek a review
  • Aug. 8, 2011: DENSO filed a complaint with the Nagoya District Court
  • Sept. 4, 2014: Delivery of the judgment by Nagoya District Court

Contents of the Judgment:
The court ruled the rescission of the supplementary tax assessment order. However, 1 billion yen out of 11.4 billion yen of the rescission amount of income which DENSO claimed was dismissed.

Next Steps:
DENSO believes the ruling by Nagoya District Court recognizes the legitimacy of DENSO’s claim and is the result of a reasonable judgment. However, the court dismissed a part of the rescission amount of income, therefore, DENSO plans to file an appeal to Nagoya High Court about the part which was dismissed by the judgment.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO to Participate at 2014 ITS World Congress

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO Corp. will exhibit a variety of technologies at the 2014 Intelligent Transport Systems World Congress, held at Cobo Center in Detroit, Michigan, from Sept. 7 – Sept. 11. To support DENSO’s vision to have an accident-free and eco-friendly society, DENSO’s exhibit theme is “Technology to keep people safe wherever they drive—Everyday Confidence, Extraordinary Safety.” DENSO will showcase its technologies on Belle Isle in Detroit and on highway I-75 alongside the congress.

DENSO will exhibit systems that are achieved through a combination of sensing and Human Machine Interface (HMI) technologies, as well as products for these systems, to offer “Everyday Confidence, Extraordinary Safety” to all people, including drivers.

An advanced driving support system, which offers the driver information without distractions and cyber security technologies, such as eliminating outside disturbances, will be showcased. Also, an in-vehicle electronic system will exhibit an in-vehicle platform from a vehicle’s perspective.

In addition, DENSO is participating in a technology showcase as part of ITS World Congress, with three live vehicle demonstrations involving “talking car,” or vehicle-to-vehicle (V2V) technology.

The first demonstration, located on Belle Isle, shows how two vehicles seamlessly communicate using both dedicated short-range communications (DSRC) and 4G LTE communications. In the second demonstration, also located on Belle Isle, DENSO will showcase automated driving using the same device that enables “talking car,” or V2V communications. Located on highway I-75, the third demonstration will show how two tractor-trailers can travel in tandem just 36-feet apart, equipped with Peloton’s truck platooning systems, DENSO’s DSRC radios and Meritor WABCO’s safety system.

DENSO has been working to develop technologies and products to help achieve a society free of traffic accidents and will remain committed to help build a safe automotive society for all people around the world, including drivers and pedestrians.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Acquires 34 Percent Stake of Hefei Dyne Auto Air Conditioner, a Chinese Aftermarket Compressor Manufacturer

Press Releases

KARIYA (Japan) – DENSO Corporation has acquired 34 percent stake of Hefei Dyne Auto Air Conditioner Co., Ltd., a compressor manufacturer in China, to help grow automotive aftermarket compressor business globally. DENSO completed the transaction on June 24, 2014.

Hefei Dyne manufactures a wide variety of high quality and cost-competitive aftermarket compressors sold in North America, Europe, Central and South America and Asia. With the acquisition, DENSO’s aftermarket compressors will be manufactured by Hefei Dyne and sold through DENSO’s global aftermarket business network. In addition, DENSO will provide engineering support to Hefei Dyne to promote the quality of compressors.

DENSO supplies car air-conditioners, including compressors, to carmakers worldwide. With this new investment, the company now expands the product lineup of aftermarket compressors and enhances aftermarket automotive air-conditioner business.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

Profile of Hefei Dyne Air Auto Conditioner Co., Ltd.

Name Hefei Dyne Auto Air Conditioner Co., Ltd.
Location Hefei City, Anhui Province,,China
President Xie Wenliang
Ownership (Before equity acquisition by DENSO),
100% by Hefei Dyne Investment Co., Ltd.,
(After equity acquisition by DENSO),
66% by Hefei Dyne Investment Co., Ltd.,
34% by DENSO (China) Investment Co., Ltd.
Establishment January 2002
Capital 30 million yuan (approximately US$4.9 million)
Sales 160 million yuan (approximately US$25.9 million)
Employees 314 (as of December 2013)
Business Description Manufacturing and selling aftermarket compressors,
etc.

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DENSO Fined by the Canadian Court for Violation of the Canadian Competition Act

Press Releases

KARIYA (Japan) – On August 20, 2014 (Canada Eastern Standard Time), DENSO Corporation was ordered to pay a fine of CA$2.45 million (approximately 0.2 billion yen) by the Ontario Superior Court of Justice for violation of the Canadian Competition Act in connection with sales in Canada of certain body electronic control units [body ECUs] for motor vehicles.

DENSO has been fully cooperating with the Canadian Competition Bureau’s investigation and also negotiated for the plea agreement. As a result, the plea agreement was concluded and the above fine was ordered.

The payment will be recorded as an extraordinary loss in the second quarter of the fiscal year ending March 31, 2015.

It is DENSO’s policy to comply with all applicable competition laws. DENSO group companies have taken various measures, including implementing more stringent compliance rules, more enhanced compliance training and more meticulous compliance monitoring, so as to further ensure that employees comply with all applicable competition laws.

DENSO is committed to compliance with all applicable competition laws around the world.

*Editors’ note: Body ECUs are in-vehicle computers that control the power supply to certain electrical components and systems, such as smart key systems, mirrors, lighting, and security systems.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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China’s National Development and Reform Commission Imposes Monetary Sanctions for Violation of Anti-Monopoly Law

Press Releases

KARIYA (Japan) – The National Development and Reform Commission (the NDRC) of China announced today that it decided to impose monetary sanctions on certain automotive suppliers for violation of China’s Anti-Monopoly Law in connection with sales of certain automotive components.

The NDRC’s announcement includes monetary sanction of 150.56 million yuan (approximately 2.5 billion yen) on DENSO Corporation.

The NDRC investigation involved certain automotive suppliers, including DENSO Corporation, and the company has fully cooperated with the authority.

The payment will be recorded as an extraordinary loss in the second quarter of the fiscal year ending March 31, 2015. It will have no material effect on the company’s financial statements.

It is DENSO’s policy to comply with all applicable antimonopoly laws. DENSO group companies have taken various measures, including implementing more stringent compliance rules, more enhanced compliance training and more meticulous compliance monitoring, so as to further ensure that employees comply with all applicable antimonopoly laws. DENSO is committed to compliance with all applicable antimonopoly laws around the world.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Announces First-quarter Financial Results

Press Releases

KARIYA (Japan) – DENSO Corporation today announced its global financial results for the first quarter ending June 30, 2014:
  • Consolidated net sales totaled 1,029.1 billion yen (US$10.2 billion), a 3.2 percent increase from the previous year.
  • Consolidated operating income totaled 85.1 billion yen (US$839.1 million), a 16.7 percent decrease from the previous year.
  • Consolidated net income totaled 68.8 billion yen (US$678.7 million), a 20.1 percent decrease from the previous year.

”The sales increased due to the production volume increase. Despite the variable cost reduction and the increase in production volume, the operating income decreased due to research and development expenditures and investment costs that will strengthen future growth,” said Kenichiro Ito, executive director of DENSO Corporation.

In Japan, the shift towards compact cars, as well as the decrease of export sales led to a decrease in sales to 634.3 billion yen (US$6.3 billion), a 3.0 percent decrease from the previous year. The decrease in production volume and the increase in labor costs and other expenses led to an operating income of 55.2 billion yen (US$544.8 million), a 26.6 percent decrease from the previous year.

In North America, an increase in car production, boosted by the steady economic growth, led to an increase in sales to 224.5 billion yen (US$2.2 billion), an 8.3 percent increase from the previous year. As a result of the increase in production volume and the cost reduction effort, the operating income totaled 7.5 billion yen (US$73.9 million), a 19.8 percent increase from the previous year.

In Europe, car production increase due to the economic slump recovery led to an increase in sales to 138.1 billion yen (US$1.4 billion), a 17.1 percent increase from the previous year. Due to the increase in production volume and the cost reduction effort, the operating income totaled 4.0 billion yen (US$39.3 million), a 130.5 percent increase from the previous year.

In Asia and Oceania, the increase of car production mainly in China resulted in a sales increase to 244.8 billion yen (US$2.4 billion), a 5.8 percent increase from the previous year. The increase in labor costs and the expenditure on the establishment of plants and technical centers for strengthening future growth led to an operating income of 17.2 billion yen (US$169.8 million), a 19.4 percent decrease from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, sales totaled 18.4 billion yen (US$181.3 million), a 13.1 percent decrease from the previous year. The operating loss totaled 0.2 billion yen (US$2.0 million), a 121.4 percent decrease from the previous year.

*The forecasts for the first-half and full-year financial results are unchanged, since the financial results of this first-quarter were as planned in the original forecast.

(Foreign exchange rates used for the first-half and full-year financial result forecasts are: US$= 100 yen, Euro=135 yen)

Forecast for Fiscal Year Ending March 31, 2015

First-Half Forecast Full-Year Forecast Changes from
Previous FY
Net Sales 2,022.0 billion yen
[US$19.9 billion]
4,140.0 billion yen
[US$40.8 billion]
+44.1 billion yen
(+1.1 percent)
Operating Income 164.0 billion yen
[US$1.6 billion]
350.0 billion yen
[US$3.5 billion]
-27.7 billion yen
(-7.3 percent)
Income before
income taxes and
minority interests
177.0 billion yen
[US$1.7 billion]
378.0 billion yen
[US$3.7 billion]
-40.6 billion yen
(-9.7 percent)
Net Income 116.0 billion yen
[US$1.1 billion]
248.0 billion yen
[US$2.4 billion]
-39.4 billion yen
(-13.7 percent)

 

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.
U.S. dollar amounts have been translated, for convenience only, at the rate of 101.36 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on June 30, 2014. Billion is used in the American sense of one thousand million.

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DENSO Tests Advanced Driving Support Technology on a Public Road in Japan

Press Releases

KARIYA (Japan) – DENSO Corp. began testing advanced driving support technology on a public road in Aichi Prefecture, Japan this past June. DENSO is testing automated driving scenarios in a single lane and testing automatic lane changes, as well as other driving maneuvers. DENSO’s goal is to develop technologies that reduce driver workload and assist in safe driving.

Previously, DENSO tested this technology on its test course in Japan. DENSO’s goal with public road testing is to identify, analyze, and solve real-life problems that do not occur on the test course.

DENSO is conducting these field tests as part of the activities led by the Vehicle Safety Technology Project Team to reduce traffic accidents. The Project Team is organized by the Aichi Prefectural Government and involves companies and organizations operating in the prefecture.

DENSO has been developing its advanced driving assistance technology to achieve safer and more reliable driving while the driver remains in control of the vehicle. Development and commercialization of this technology will help prevent traffic accidents and contribute to increasing safety of our automotive society.

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Signs a MOU with Thai ITS Association to Ease Traffic Congestion and Reduce CO2 Emissions

Press Releases

KARIYA (Japan) – DENSO Corporation and DENSO International Asia Co. Ltd. (DIAT), a DENSO group company in Thailand, has signed a Memorandum of Understanding (MOU) in February 2014, with Thai Intelligent Transport System (ITS). This collaboration launched in March 2014 and will continue until March 2015. Its goal is to ease traffic congestion through the use of Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communications.

In large cities like Bangkok, the number of vehicles has increased dramatically, which has also resulted in an increase in traffic congestion and accidents. There have been growing expectations for the use of V2X communications among governments and car users to help alleviate traffic congestion and prevent accidents within Thailand.

DENSO Corporation, DIAT and Thai ITS will collaborate their research efforts to gather wireless data on urban streets, as well as evaluate and analyze information systems that are commercialized in Japan to determine its adaptability to the traffic conditions of Thailand. The results of the project will be used in formulating future ITS policies in Thailand.

DENSO began developing wireless communication devices in 2003, which are the main components of V2X communications. Performance of V2X has been tested using vehicles on simulated urban streets. DENSO has supplied in-vehicle units, which represent the development results of joint demonstration experiments, by automakers and governmental organizations in Japan, the U.S. and Europe. DENSO remains committed to introducing V2X communications, helping to reduce CO2 emissions, reducing traffic congestion and minimizing traffic accidents.

About DENSO:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO To Build On-site Health Clinic for Employees and Families

Press Releases

MARYVILLE, Tenn. – As a 25th anniversary gift to its employees and family members and to confirm a commitment to their health and well-being, DENSO Manufacturing Tennessee, Inc. will build an on-site healthcare clinic and pharmacy opening in April 2015. Construction begins in August on an 8,000 square-foot facility that will offer convenience, more affordability for both associates and the company and more one-on-one time between patient and medical professionals. The company purchased land on Robert C. Jackson Drive adjacent to its on-campus softball field for the new clinic complex.

“I want to express to our employees and their families our gratitude for their hard work and support in so many ways,” said Jack Helmboldt, president and CEO of DENSO’s Maryville facilities, as well as executive director of DENSO Corporation.

“We wanted to bring them an easy-access alternative for quality healthcare and prescription medicines,” explained Helmboldt. “Next year’s 25th anniversary is the perfect time to reaffirm our commitment to those who helped us reach this anniversary.”

Take Care Health Systems, a nationwide vendor providing healthcare services to many corporations — among them Toyota, Michelin, and BMW — will operate and staff the on-site clinic, which will offer such health services as urgent care “walk-in” treatment, medical exams and immunizations, and a full-service pharmacy. Initial staff will include a physician, nurse practitioner, and nursing staff in addition to a pharmacist and pharmacy technician.

The clinic and pharmacy will be called the DENSO Family Health Center. After the center’s grand opening, employees and eligible family members can expect both weekday appointments and walk-in availability. Key benefits include the following:
– Health and wellness screenings
– Medical exams and lab work
– Chronic condition management, especially helpful for those with diabetes, hypertension, or other common health issues
– Acute care
– Drive-through pharmacy

Blount Memorial Hospital’s nursing staff will continue to be available in each of DENSO’s four manufacturing plants at designated nurses’ stations. DENSO Manufacturing Tennessee will become the first DENSO affiliate in North America to offer a combined health clinic and full-service pharmacy as an alternative choice for healthcare needs.

A leading supplier of advanced technology to the automotive industry, DENSO is one of Blount County’s largest employers. Established in 1988, DENSO’s Maryville operation produces starters, alternators, instrument clusters, a wide range of electronic components and an inverter for hybrid vehicles.

About DENSO:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Expands Presence in Mexico

Press Releases

SOUTHFIELD, Mich. – DENSO Corp., today announced that DENSO MEXICO S.A. DE C.V. (DNMX) will expand its plant in Apodaca, Nuevo Leon, Mexico, to increase production of transmission components for its North American customers. The expansion represents an investment of $53.8 million, which will add 88,260 square feet (8,200 square meters) of space and 500 jobs by 2018. The plant will begin production in December 2015.

In addition, HAMANAKODENSO Co., Ltd., a DENSO Group Company, established a new facility in Salinas Victoria City, Nuevo Leon, Mexico, to produce solenoids for engine and airflow control units for its North and South American customers. The new facility, HAMADEN MEXICO S.A. DE C.V. (HDMX), represents an investment of $35.8 million and will employ about 340 people when full production is underway in 2018. Construction is scheduled to begin in January, with production starting up in stages from around August 2016. HDMX is the third overseas establishment of HAMANAKODENSO, which also has facilities in Indonesia and Vietnam.

This investment is part of DENSO’s expansion plan to invest nearly $1 billion in North America – more than $750 million in the United States – to strengthen and expand its product development and manufacturing capabilities across the region.

DENSO opened its Apodaca Plant in 1996, which manufactures instrument clusters, air conditioning control panels and variable cam timing (VCT) systems. In addition to the Apodaca Plant, DNMX also has plants in Guadalupe City, Nuevo Leon, Mexico and Silao City, Guanajuato, Mexico that manufacture sensors, car air conditioners and radiators.

Profile of DENSO MEXICO S.A. DE C.V.

1. Location: 1) Apodaca Plant: Apodaca City, Nuevo León State, Mexico
2) Guadalupe Plant: Guadalupe City, Nuevo León State, Mexico
3) Silao Plant: Silao City, Guanajuato State, Mexico
2. President: Tomoyuki Arakawa
3. Establishment: September 27, 1994
4. Ownership: 95 percent owned by DENSO INTERNATIONAL AMERICA, INC.,
5 percent by Sumitomo Corporation
5. Employees: 4,985 (as of end of March 2014)

 

Outline of Apodaca Plant expansion

1. Site area: 176,700 m2
2. Building area: 8,200 m2   (expanded area)
58,700 m2 (total area)
3. Investment: US$53.8 million (approximately 5.38 billion yen)
4. Employees: 4,300 (projected for FY2018), 3,762 as of end of March 2014

 

Profile of HAMADEN MEXICO S.A. DE C.V.

1. Location: Salinas Victoria City, Nuevo León State, Mexico
2. Representative: Junichi Nakahira
3. Establishment: April 1, 2014
4. Ownership: 100% owned by HAMANAKODENSO
5. Investment: US$35.8 million (approximately 3.58 billion yen)
6. Products: Solenoid for engine control and air flow control, valves
7. Employees: 340 (projected for FY2018)
8. Site area: 80,000 m2

 

Profile of HAMANAKODENSO Co., Ltd.

1. Location: 136, Washizu, Kosai City, Shizuoka Prefecture, Japan
2. President: Masayoshi Yagyu
3. Establishment July 25, 1950
3. Capital: 480 million yen (DENSO: 76.6%, others: 23.4%)
4. Sales: 53.4 billion yen (in FY2013)
5. Employees: 1,751 (as of end of March 2014)
6. Products: Coils, horns, sensors, valves

 

About DENSO Corporation:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com.

About DENSO in North America:
DENSO employs more than 17,000 people at 33 consolidated companies and affiliates throughout North America. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Alabama, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas, and Pennsylvania. DENSO’s North American consolidated sales totaled US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Foundation Announces 2014 Grants to Drive Innovation in Auto Industry

Press Releases

SOUTHFIELD, Mich. – How can we prepare today’s students to be tomorrow’s automotive engineers? Let them get their hands on advanced technology, 3D printers, dynamometers, simulators – all the tools that make the auto industry fun.

“The DENSO Foundation is all about engaging and inspiring students to pursue technology and engineering fields,” said Doug Patton, president of the DENSO North America Foundation. “Our mission is to bridge that gap between what students learn in school and the ‘real’ world.”

Since its inception in 2001, the DENSO North America Foundation (DNAF), philanthropic arm of global auto parts supplier DENSO’s North American headquarters, DENSO International America, Inc. (DIAM), has been dedicated to advancing the auto industry through grants to colleges and universities. The Foundation provides students with technology, tools and experiences similar to that of the professional workplace they’ll experience after graduation.

“Without getting your hands dirty and getting involved, you won’t know how things work,” said David E. Cole, member of the DNAF Board of Directors and chairman emeritus and founder of the Center for Automotive Research. “And, that’s exactly what the DENSO Foundation is trying to change. We’re helping spark an interest and preparing students for a fast-paced, evolving industry where there’s a serious need for engineers and manufacturing professionals. The shortage of skilled professionals in the industry is an international challenge that the DENSO Foundation is committed to tackling.”

Dallas Smolarek, application engineer at DIAM, is proof that a hands-on experience is the hook that drives and develops students to work in the auto industry. Working in the DENSO Design Center at Michigan Technological University, a DNAF-funded lab, allowed Smolarek to learn what books couldn’t teach her.

“Working in the design center, I was able to follow a project from beginning to end and see the progression of a product – from design and development to prototyping and testing,” said Smolarek. “I learned how to take a comprehensive approach to projects and consider the overall impact. Just because it looks good on paper, doesn’t mean it will work.”

Her experience prepared her for her current role at DENSO, having to take a systems approach to powertrain product development and working in a variety of different areas.

The DNAF wants to see more students like Smolarek, excited about helping the auto industry advance and leading innovation. In 2014, the DNAF awarded more than $753,000 to 19 colleges and universities in North America.

Funds will support a range of projects – from advancing education in driver assistance, advanced safety and robotics programs to supporting competitive student vehicle teams and building new learning centers.

Congratulations to 2014 DNAF Grant Recipients
Arkansas State University
Auburn University
California State University – Long Beach
East Tennessee State University
Kellogg Community College
Kettering University
Lawrence Technological University
Michigan Technological University
North Carolina State
North Carolina A&T State University
Oakland University
Ohio State University
Pellissippi State Technical College
Tennessee Tech University
University of Detroit Mercy
University of Michigan – Dearborn
University of Tennessee at Chattanooga
University of Tennessee at Knoxville
University of Waterloo

About the DENSO North America Foundation
A registered 501(c)3 corporate foundation, The DENSO North America Foundation is dedicated to helping students advance their education in engineering, technology and other related programs. Founded in 2001, the Foundation provides grants to colleges and universities throughout North America, helping our communities prosper through the development of a skilled and knowledgeable workforce. The Foundation also provides disaster relief grants through the American Red Cross to aid persons and communities in which DENSO Corporation operates. For more information, visit http://densofoundation.org.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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DENSO Celebrates Alabama Facility Grand Opening

Press Releases

Southfield, Mich. – Global automotive supplier DENSO cuts the ribbon on its latest North American investment—a warehousing facility in Montgomery, Alabama on Thursday, June 26. DENSO Manufacturing Michigan—Alabama Plant (DMMI-AL), which represents a $2.2 million investment, is part of DENSO’s expansion plan to invest nearly $1 billion in North America in a four year period.

“Since announcing our Alabama expansion plans in October, we have worked closely with the Montgomery community to revitalize the Smothers Road building into a world-class DENSO facility,” said Mike Bowman, DMMI-AL plant director. “Montgomery has been a great partner, and we are thrilled to have hired 30 people on the way to our goal of 45 new DENSO jobs here in Alabama.”

DMMI-AL is a 103,000 square-foot facility that will support the warehousing and shipping of heating, ventilation and air conditioning (HVAC) units and other parts for DENSO’s North American customers. The $2.2 million investment included new equipment, personal property, setup and training.

“Today is certainly an exciting day for Montgomery as we celebrate our new partnership with DENSO,” said Montgomery Area Chamber of Commerce Chairman of the Board of Directors Leslie L. Sanders. “This new chapter not only signifies more jobs and expanding industry, it also demonstrates once again that world-class companies such as DENSO see Montgomery as a place they want to do business.”

This investment is part of DENSO’s expansion plan to invest nearly $1 billion in North America – more than $750 million in the United States – to strengthen and expand its product development and manufacturing capabilities across the region.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Arkansas and Alabama. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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Facility Name DENSO Manufacturing Michigan Inc. Alabama Plant (DMMI-AL)
Established November 1, 2013
Ownership DENSO Manufacturing Michigan, Inc.
President Shingo Kuwamura
Products Warehousing, shipping and light assembly of HVAC units
Employees 30 (projected goal of 45 employees)
Main Customers Hyundai
Location 101 Smothers Road, Montgomery, AL 36111
Building Square Footage 103,000 square feet
Investment Includes New equipment, personal property, setup and training
Total Investment as of June 2014 US$2.2 million

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DENSO has Acquired 72.1 percent of Pennsylvania-based Vehicle Diagnostics Company EASE Simulation, Inc.

Press Releases

SOUTHFIELD, Mich. – Global automotive supplier DENSO has acquired 72.1 percent of EASE Simulation, Inc., to help accelerate research and development of its vehicle diagnostic and telematics business in North America. DENSO International America, Inc., completed the transition of ownership of the Pennsylvania-based vehicle diagnostics and telematics company on June 4. The company founder, Stephen Golenski will continue to serve as president.

“Historically, DENSO’s focus has primarily been on products; however, we understand the Aftermarket and OES industry trend is moving toward providing more services,” said Richard Shiozaki, senior vice president, DENSO Products and Services Americas. “This transaction will help us speed up the development of our services through vehicle diagnostics and telematics. Partnering with EASE will help DENSO develop and provide cloud-based diagnostics and telematics services to more than 90 percent of the U.S. light-vehicle fleet.”

This acquisition is part of DENSO’s long-term plan to expand the scope of its Original Equipment Service (OES), Aftermarket and non-automotive business. In April 2013, DENSO reorganized its OES and Aftermarket business operations in the U.S. and re-named the company DENSO Products and Services, Americas, Inc.

“The combination of DENSO’s global reach and EASE Simulation’s cutting edge vehicle diagnostic and telematics products is sure to lead to success and market expansion for both companies,” said Stephen Golenski, president, chief operating officer and founder of EASE. “We’re excited to partner with DENSO and look forward to becoming part of the extended family.”

This investment news is part of DENSO’s expansion plan to invest nearly $1 billion and create more than 2,000 jobs in North America from 2012 – 2016. DENSO is committed to supporting and investing in new advanced technologies that will become the foundation of the next generation automobile.

About DENSO:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at www.densomediacenter.com.

About DENSO in North America:
Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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New Company Profile

Name Ease Simulation Inc.
Established 1993
Ownership DENSO International America, Inc.: 72.1 percent
President Stephen Golenski
Products Development and sales of diagnostic equipment (hardware and
software), and emission gas analyzers, and telematics.
Employees 14
Main Customers Fleet operators, automotive retailers, state emissions agencies
and automotive repair facilities.
Location Scott Township, Pennsylvania

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DENSO Helps Detroit’s Hidden River Make a Comeback

Press Releases

SOUTHFIELD, Mich. – The Rouge River is gaining some green ground, thanks to a sea of volunteers who flood the area every year.

Over the past five years, volunteers from DENSO International America, Inc. have pulled more than 31,000 lbs. of invasive species, removed over 30 logjams, picked up tons of trash and planted a garden to green up the area.

This year, on June 7, from 8 a.m. – 1 p.m., DENSO volunteers will be at it again. Not only are they removing logjams and trash, but volunteers will also be taking steps to keep the green going.

Rock On with Environmental Education
DENSO is partnering with Cranbrook Institute of Science on a series of youth educational activities at this year’s Rouge Rescue cleanup event. Cranbrook will be on-site at DENSO sharing the importance of rocks and minerals, bugs, insects and animals through interactive activities.

Spreading the Green
As the river continues to recover and less invasive species return, DENSO is doing all it can to keep spreading the green, including prepping, planting and maintaining a native garden on the DENSO Southfield campus.

Working with the Friends of the Rouge, City of Southfield and Natural Community Services, historically a team of more than 100 DENSO employees and their families participate in the annual Rouge Rescue cleanup.

DENSO has supported Friends of the Rouge for more than 16 consecutive years, with financial contributions and participation in the Rouge Education Project and annual Rouge Rescue Cleanup events. DENSO, as a company, was born and raised in rural Japan – surrounded by local farmers whose livelihood was dependent on the land. Because of this upbringing, the idea of helping your neighbor and preserving the environment has long been engrained in DENSO’s 60-year history. With more than 100 volunteers every year, the Rouge River cleanup is DENSO’s largest annual environmental volunteer activity.

Volunteers will meet at DIAM, located at 24777 Denso Drive, just south of Franklin Road off Telegraph in Southfield.

Interviews are available with team volunteers and company vice presidents. Great photo and video opportunities. For on-site contacts during event, call JoAnna McCulloch at 248-219-9947.

About DENSO
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Develops a New low cost Fuel Injection System for Small Motorcycles

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO Corporation has developed a new electronic fuel injection system for small motorcycles called DIET-FI*. DIET-FI is the world’s first fuel injection system that doesn’t use a throttle position sensor or engine temperature sensor. Instead, it uses newly developed control technologies that ensure the same fuel economy and environmental performance as conventional fuel injection systems, thus cutting costs.
*DIET-FI (DENSO Intelligent Economical Technology-Fuel Injection)

Usually, fuel injection systems are only used in motorcycles, but in recent years there has been a growing need to apply these systems to smaller motorized bikes up to the size of 150cc that are used in emerging markets, like China.

DENSO researched this trend and identified a low-cost fuel injection system that delivers similar fuel economy and environmental performance as conventional systems but with fewer components.

DENSO’s DIET-FI has five fewer components than conventional systems. Through extensive research, DENSO developed control technologies that were able to eliminate the throttle position sensor, intake air temperature sensor, engine temperature sensor and ISC idle speed control step motor. Specific compensation technologies include a temperature estimation control that integrates a thermistor into an electronic control unit and a fuel metering control to determine acceleration/deceleration using an intake air pipe pressure sensor.

DIET-FI is currently manufactured by Gongcheng DENSO (Chongqing) Co., Ltd., a group company that manufactures motorcycle components and supplied to Wuyang-Honda Motors (Guangzhou) Co., Ltd.

DENSO is committed to developing environmental technologies that help improve fuel economy and reduce emissions, as well as develop products suited to the regional’s needs.

[Reference: Overview of FI systems (electronic fuel injection systems)]
FI systems for motorcycles consist of sensors, actuators, and ECUs to ensure high-precision control of the air-fuel ratio. The optimal fuel injection volume is calculated based on the air volume, engine condition, etc., which are detected by sensors. The fuel from the fuel pump is fed into the engine by injectors with high precision.
The widespread application of FI systems to small motorcycles will require smaller components, simpler systems, fewer components, and lower cost compared with four-wheelers and large motorcycles.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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New DENSO Silao Facility Celebrates Grand Opening in Mexico

Press Releases

SILAO, Guanajuato, Mexico – Global automotive supplier DENSO celebrates the grand opening of its newest plant in Silao, Guanajuato, Mexico, on Wednesday, May 28, 2014. This facility, which is the third plant for DENSO Mexico S.A. de C.V. (DNMX) and part of DENSO’s growing North American regional presence, will employ more than 850 people and represents an overall investment of nearly US$108.4 million.

“We’re excited about this facility and the new opportunities that go along with the expansion,” said Hikaru Sugi, president and CEO of DENSO International America. “DENSO has been in Mexico since 1994, when we opened our Apodaca City facility. With the newest development, we’re able to manufacture and supply products in close proximity to our customers in this region.”

This 56,200-square meter facility will produce alternators, radiators and washer systems, as well as heating, ventilation and air conditioning units. Currently, DNMX produces instrument clusters, climate control panels and engine control components, such as variable cam timing and oil control valves, at the other two facilities in Nuevo Leon state.

About DENSO:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Expands Presence in Silicon Valley

Press Releases

SOUTHFIELD, Mich. – Global automotive supplier DENSO is expanding its Silicon Valley, California office to further support and promote startup companies and advanced research and development activities in multiple areas of technological innovation. DENSO plans to grow its “think tank” steadily over the next three years. Key focus areas will be cyber security, big data and autonomous driving. DENSO currently is targeting to hire researchers and developers with advanced degrees in software and systems engineering.

“Our intention is to leverage the creative talent in Silicon Valley to quickly bring new technologies to the automotive industry. To do that, we need some of our advanced R&D facilities to be located where the expertise lies,” said Roger Berg, vice president of North American Research and Development for DENSO International America’s Silicon Valley office. “The accelerated pace of technology development means taking a different approach to innovation rather than the traditional process of making incremental improvements to existing products. The idea of “think big, execute quickly and readily adapt” will help lead us to rapid innovations for our customers.”

Also, as part of its substantial innovation efforts, DENSO has created a dedicated team in the Silicon Valley office that will aggressively pursue investments into entrepreneurs and startup companies. Not only will DENSO be investing in automotive technologies, but also startups pursuing unique solutions in key non-automotive sectors, such as health and medical, security, power storage, electric mobility, sensors and biotechnology.

“Over the next 20 years, the nature of the automobile will undergo a revolutionary change. DENSO is committed to supporting, and investing in new advanced technologies that will become the foundation of the next generation automobile,” said Tony Cannestra, Director of Innovation for DENSO International America’s Silicon Valley office. “We believe that many of those technologies will be created in startup companies by innovative entrepreneurs focused on bringing advancements to the market quickly, and DENSO intends to support those startups through investment and strategic partnerships.”

DENSO first opened its Silicon Valley office in 2011, with the dual intention of strengthening and growing its core automotive business and to also discover and promote unique non-automotive technologies the company can deploy to expand its business into new markets.

This investment news is part of DENSO’s expansion plan to invest nearly $1 billion and create more than 2,000 jobs in North America from 2012 – 2016.

About DENSO:
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Announces North American Executive Personnel Changes

Press Releases Senior Management Announcement

SOUTHFIELD, Mich. – Global automotive supplier DENSO is pleased to announce changes to its North American executive management team. These changes support DENSO’s expansion and growth in the North American region.

DENSO in North America
Mike Brackett, senior vice president of Corporate Services at DENSO Manufacturing Tennessee has assumed the roles of vice president of North American Corporate Planning and vice president of North American Human Resources at DENSO International America, Inc. In these roles, Brackett will be working at both DENSO Manufacturing Tennessee in Maryville, Tennessee, and DENSO International America, in Southfield. He is responsible for strengthening the competitiveness of North American business operations, as well as establishing the direction for human resources within the region.

Dave Grimmer, vice president of DENSO Manufacturing Michigan, Inc., also will now serve as a lead for North American Production and Promotions Center at DENSO International America, Inc. in Southfield. Grimmer will manage North American core projects and support plants in order to strengthen DENSO’s manufacturing foundation.

Steve Milam was appointed president of DENSO Manufacturing Canada, Inc., and vice president of Business Planning and Accounting for DENSO’s Thermal Americas Center. In this dual role, Milam will seek to achieve extreme efficiency at DENSO Manufacturing Canada through implementation of lean principles.

DENSO International America, Inc.
Roger Berg has assumed additional responsibility as vice president of North American Research and Development at DENSO International America’s Silicon Valley, California office. Complementing work being done at its North America Research and Development center in Vista, California, he will now also lead the development of new product ideas for non-automotive, aftermarket, light vehicle and heavy duty business. Previously, Berg served as vice president of Wireless Technologies.

Tom Esser was promoted to vice president of Ford Global Sales at DENSO International America. Located in Southfield, he is responsible for overseeing global sales and marketing activities, including sales expansion and management of the group. Previously, Esser served as director of Ford Global Sales.

Dr. Gary Horvat has joined DENSO International America, Inc., in Southfield, as vice president of Powertrain and Electrical Hardware and Systems. In this role, he is responsible for the design, development and application of powertrain products for North American automotive customers.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Air Systems marks 25th anniversary in Battle Creek Saturday, celebrating a legacy of stable jobs and community involvement

Press Releases

BATTLE CREEK, Mich. – DENSO Air Systems Michigan Inc. (ASMI) will celebrate its 25th anniversary with a picnic and plant tours for its employees and their families on Saturday, May 17, at their Fort Custer campus.

ASMI, formerly Koyo Corporation, was established in Battle Creek in March 1987 as a material warehouse. The company began production in June of 1989 with just 30 employees. Today, ASMI employs nearly 400 people from Battle Creek, Kalamazoo and surrounding communities. The campus includes 113,000 square feet of manufacturing and administrative floor space on 13.25 acres. ASMI became part of the DENSO group in 2009 and is now the North American headquarters for DENSO Air Systems, supporting facilities in Hopkinsville, Kentucky and Frontera,Coahuila, Mexico.

ASMI produces automotive air conditioning and heating aluminum tubes. With a broad customer base, the company supplies to all major OEMs, including Toyota, Honda, GM, Ford, Chrysler, Hyundai and Subaru. ASMI has earned numerous awards for quality, service and environmental activities.

Over the last 25 years, ASMI has supported various local agencies and institutions through corporate giving and volunteerism, including the Food Bank of South Central Michigan, March of Dimes, the Making Strides Against Breast Cancer walk, Adopt a Family, the American Legion and the American Red Cross.

“We are so proud to be celebrating this milestone with our employees and their families this weekend,” said Kevin Carson, executive vice president. “It’s our employees who continue to drive this company forward: growing our capabilities, aiding our community and supporting our goal to be a leading supplier of piping for the automotive industry.”

About DENSO Air Systems Michigan, Inc.
DENSO Air Systems Corporation, headquartered in Anjo, Aichi Prefecture, Japan, produces hoses and pipes for automotive air-conditioning systems. DENSO Air Systems Corporation employs approximately 4,000 people globally. With locations in Michigan, Kentucky and Mexico, the company employs approximately 1,455 employees in North America. DENSO Air Systems Michigan Inc., was founded in 1987 as Koyo Corporation and later became ASMI in 2009.

About DENSO Corporation
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Honored with Three Supplier Quality Certifications from Caterpillar Inc.

Press Releases

SOUTHFIELD, Mich. – DENSO hauled in three certifications – two Platinum and one Gold – in Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP). This prestigious award is given to Caterpillar Inc.’s suppliers that have met specific objectives regarding key quality and delivery metrics.

For its fourth consecutive year, DENSO Products and Services America (DPAM) in Murrieta, California, formerly known as American Industrial Manufacturing Services (AIMS), received a Platinum certificate. The DENSO Corporation Anjo plant received the Platinum certificate and the DENSO Corporation Nishio plant received the Gold certificate.

“Earning this prestigious award is a major accomplishment and we are extremely proud and honored to be recognized,” said Jim Beeman, senior manager of Murrieta Operations at DPAM. “In 2013, we were privileged with both extraordinary demand of our products and significant expansion of Caterpillar Inc. business. Going forward, it’s important to remain focused and provide the same high quality services and delivery levels.”

The Platinum certificate is the highest award given by Caterpillar Inc. Of 1,200 suppliers, Caterpillar, Inc., awarded 14 suppliers with the Platinum-level award. DENSO received two of them. DENSO has had a long-standing relationship with Caterpillar, Inc. since the 1960s.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media center at or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Air Systems Michigan President Jerry McGuire Retires

Press Releases Senior Management Announcement

BATTLE CREEK, Mich. – DENSO Air Systems Michigan, Inc. (ASMI) announced today the retirement of the company’s president, Jerry McGuire on April 30. As part of the leadership transition, Kazunori Kobayashi has been appointed president, and Kevin Carson has been appointed to senior vice president, responsible for the facility’s overall daily operations at both ASMI and DENSO Air Systems Kentucky (ASKY).

“We are grateful for the strong leadership of Jerry McGuire over the last 28 years,” said DENSO Thermal Group CEO Shingo Kuwamura. “He has played a critical role in the growth of DENSO in North America, having served in various leadership roles in Michigan and Arkansas. On behalf of everyone at DENSO, I wish to express our deep appreciation for Jerry’s contributions to our company’s success.”

McGuire began his career with DENSO in 1986, at DENSO Manufacturing Michigan, Inc. (DMMI), and held several management roles in Facilities, Maintenance, Machine Design, Tool & Die and Radiator Manufacturing. His last role at DMMI was as vice president of Production Control and Plant Engineering, before being appointed president of DENSO Manufacturing Arkansas (DMAR) when that company was founded in 2003. He served as president of DMAR until 2010, when he was appointed president of ASMI.

“I’m grateful to DENSO for the many opportunities, challenges and the trust that have been afforded to me. These positive feelings and the wonderful memories will remain with me forever,” said McGuire. “While it’s hard to say good-bye, I am confident in the capabilities of Kazunori Kobayashi, Kevin Carson and the whole ASMI team to continue advancing our company’s mission to lead in the competitiveness of our products.”

About DENSO Air Systems Michigan, Inc.
DENSO Air Systems Corporation, headquartered in Anjo, Aichi Prefecture, Japan, produces hoses and pipes for automotive air-conditioning systems. DENSO Air Systems Corporation employs approximately 4,000 people globally. With locations in Michigan, Kentucky and Mexico, the company employs approximately 1,455 employees in North America. DENSO Air Systems Michigan Inc., was founded in 1987 as Koyo Corporation and later became ASMI in 2009.

About DENSO Corporation
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

Connect with us on Facebook: www.facebook.com/DENSOinNorthAmerica

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DENSO Announces Year-end Financial Results

Press Releases

KARIYA, Japan— DENSO Corporation today announced its global financial results for the fiscal year ending March 31, 2014:

– Consolidated net sales totaled 4,095.9 billion yen (US$39.8 billion), a 14.4 percent increase from the previous year.
– Consolidated operating income totaled 377.7 billion yen (US$3.7 billion), a 44.0 percent increase from the previous year.
– Consolidated net income totaled 287.4 billion yen (US$2.8 billion), a 58.2 percent increase from the previous year.

”The sales and operating income increased due to an increase in car production mainly in developed countries, in addition to the impact of the weak yen,” said Nobuaki Katoh, president and CEO of DENSO Corporation.

In Japan, the increase in car production and the impact of the weak yen led to an increase in sales to 2,717.6 billion yen (US$26.4 billion), an 10.3 percent increase from the previous year. Also, despite an increase mainly in R&D expenses, increase in production volume and the currency exchange gain, in addition to the cost reduction effort, led to an operating income of 283.3 billion yen (US$2.8 billion), a 66.0 percent increase from the previous year.

In North America, an increase in car production and the impact of the weak yen led to an increase in sales to 816.6 billion yen (US$7.9 billion), a 28.5 percent increase from the previous year. As a result of the increase in production volume, the operating income totaled 14.7 billion yen (US$142.4 million), a 9.1 percent increase from the previous year.

In Europe, the gradual recovery from the economic slump and the effect of the weak yen led to an increase in sales to 498.9 billion yen (US$4.8 billion), a 34.0 percent increase from the previous year. As a result of the increase in production volume, the operating income totaled 12.4 billion yen (US$120.1 million), a 216.1 percent increase from the previous year.

In Asia and Oceania, the increase in car production mainly in China and the effect of the weak yen resulted in a sales increase to 943.1 billion yen (US$9.2 billion), a 18.8 percent increase from the previous year. Increase in labor costs and the expenditure on the establishment of plants and technical centers for future competitiveness led to an operating income of 71.2 billion yen (US$692.1 million), a 3.3 percent decrease from the previous year.

In other areas, mainly the South American region, including countries such as Brazil and Argentina, sales totaled 74.3 billion yen (US$722.4 million), a 16.3 percent increase from the previous year. The operating income totaled 27.0 million yen (US$0.3 million), a 99.1 percent decrease from the previous year.

“For the new fiscal year, we expect sales to increase and income to decrease from the previous year. This is due to the decrease in production volume within Japan, in addition to investment costs for initiating new products and to increase capabilities in overseas plants for future competitiveness,” said Katoh.

(Foreign exchange rates used for the next fiscal year are US$= 100 yen, Euro= 135yen)

Forecast for Fiscal Year Ending March 31, 2015

Half-Year Forecast FY Forecast Changes from Previous FY
Net Sales <span “=””>2,022.0 billion yen
[US$19.6 billion]
<span “=””>4,140.0 billion yen
[US$40.2 billion]
+44.1 billion yen
(+1.1 percent)
Operating income <span “=””>164.0 billion yen
[US$1.6 billion]
<span “=””>350.0 billion yen
[US$3.4 billion]
-27.7 billion yen
(-7.3 percent)
Income before
income taxes and
minority interests
177.0 billion yen
[US$1.7 billion]
378.0 billion yen
[US$3.7 billion]
-40.6 billion yen
(-9.7 percent)
Net income 116.0 billion yen
[US$1.1 billion]
248.0 billion yen
[US$2.4 billion]
-39.4billion yen
(-13.7 percent)

 

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 140,000 people. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$7.9 billion for the fiscal year ending March 31, 2014.

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(Notes)
The above forecasts are created based on the information obtained by the date of this announcement and the actual results may differ due to various causes in the future.

U.S. dollar amounts have been translated, for convenience only, at the rate of 102.92 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on March 31, 2014. Billion is used in the American sense of one thousand million.

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