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DENSO and Drishti Bring Innovation to the Production Floor with AI-Based Action Recognition Technology

SOUTHFIELD, Mich. (February 12, 2020)DENSO, the world’s second largest mobility supplier, is working with Drishti Technologies, Inc., (Drishti) to help optimize manufacturing production at multiple of its North American facilities. Drishti’s action recognition technology, which is enabled by artificial intelligence (AI) and computer vision, allows DENSO to generate real-time, continuous analytics on manual tasks performed by its production employees. This dataset grants production management the ability to quickly identify and eliminate bottlenecks, improve processes, boost efficiency and prioritize tasks.

These capabilities increase production outputs, improve product quality and consistency, and assist production employees in their day-to-day assignments, helping them identify how they and their teams can better streamline processes. The move is part of DENSO’s Long-Term Policy 2030 to create and inspire new value for advanced mobility using disruptive technology. It also marks one of the first times DENSO has integrated AI into its production processes.

“As DENSO continues to transform into a true digital operation, having data on manual tasks fills a major gap in our analytics,” said Dave Grimmer, a senior vice president at DENSO and head of its North American Production Innovation Center. “Drishti’s continuous data creation offers productivity insights and quality metrics that help us make better decisions, faster.”

Drishti’s technology can produce datasets that are several orders of magnitude larger than those produced by traditional time and motion studies. Drishti-produced datasets are also more diverse and enriched by video. The benefits of these massive datasets extend beyond the production floor to DENSO’s leadership and engineers, who, like production teams, use Drishti’s technology to gather production feedback and make data-driven decisions on design and organizational management.

“I’m pleased to see the impact Drishti has had on our people and processes,” said Raja Shembekar, vice president of DENSO North American Production Innovation Center. “The potential we now see to achieve significant process gains while simultaneously helping our workforce add greater value is precisely why DENSO is so committed to exploring and implementing innovation with leading-edge startups like Drishti.”

“Digitizing highly variable human motion continuously and in real time provides analytics insight that can significantly improve productivity, efficiency, and quality, as well as how we approach employee training,” said Jon Ruge, a director of DENSO Industrial Engineering. 

As Drishti discovered in joint research with A.T. Kearney, human line employees perform 72% of factory tasks. This data, from a survey of more than 100 manufacturing leaders, suggests that even as the industry increasingly focuses on robotics and Industrial Internet of Things (IIoT), people and their ingenuity remain central to manufacturing.

“True digital transformation efforts have to extend to the human operator, because the bulk of manufacturing tasks are still done manually,” said Prasad Akella, founder and chief executive officer of Drishti. “DENSO recognized that fact well ahead of the rest of the market, and our technology is helping the company secure its position as an innovation leader in the advanced automotive manufacturing industry.”

For more information on how DENSO is reimagining transportation and manufacturing, visit https://www.denso.com/us-ca/en/. To see how you can fit in this journey, whether it be through production or engineering, sales or HR, click densocareers.com.

For more on Drishti and its advanced action recognition technology, go to Drishti.com.

 

About DENSO

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ engineers, researchers and skilled workers across 51 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,700+ employees across 14 states (and the District of Columbia) and 41 sites. In fiscal year ending March 31, 2019, DENSO in North America generated $10.9 billion in consolidated sales. DENSO is committed to advancing diversity and inclusion inside the company and beyond – a principle that brings unique perspectives together, bolsters innovation and pushes DENSO forward. Join us, and craft not only how the world moves, but also your career: www.densocareers.com. For more information, go to https://www.denso.com/us-ca/en/.

About Drishti

Drishti’s mission is to extend human capabilities in an increasingly automated world. Its action recognition and AI innovations automatically digitize tasks performed by humans inside the factory to create a massive new dataset. Manufacturers use Drishti to anchor true digital transformation, driving sweeping improvements in productivity, quality and traceability. And line associates rely on Drishti to be more consistent and efficient, becoming even more valuable on the factory floor. For more information, visit Drishti.com

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DENSO Opens Central Technical Training Center in Maryville, Reaffirms commitment to Tennessee and Advanced Manufacturing

SOUTHFIELD, MI (Feb. 7, 2020) DENSO, the world’s second largest mobility supplier, today announced the opening of its Central Technical Training Center at its Maryville, Tennessee, facility. DENSO designed the state-of-the-art technical training center to educate its employees about the latest technologies and best practices in advanced manufacturing, a move that helps ensure the company and its workforce will remain leaders in manufacturing as it becomes more automated, connected and data-rich.

The development is part of DENSO’s 2017 commitment to invest $1 billion in the Maryville location. That investment has helped DENSO in Maryville expand its production of vehicle safety and electrification systems, create 1,000 jobs, establish new employee training opportunities, and reinforce the site’s ability to be a primary manufacturing center for DENSO in North America. All of this supports DENSO’s Long-Term Policy 2030, which aims to create new value for advanced mobility.

“DENSO’s manufacturing philosophy is to produce products in the region, for the region,” said Kenichiro Ito, senior executive officer of DENSO Corporation and chief executive officer of DENSO’s North American headquarters. “As a leading mobility supplier, we manufacture products and systems for all major automakers in North America. It’s crucial that we remain at manufacturing’s leading edge as we help our customers realize new mobility solutions. The technical training center helps us accomplish that.”

DENSO in Maryville plans to educate more than 1,500 employees annually at the training facility, which features labs focused on electrical, robotic and mechanical applications in manufacturing. DENSO employees will have access to more than 50 hands-on courses in production-related areas, including electrical, mechanical and mechatronic technologies, and automation fundamentals. In the future, course programming will expand into rapidly evolving fields, including cybersecurity, artificial intelligence and data analytics. DENSO also collaborates with local colleges and high schools to better prepare students interested in manufacturing for successful and rewarding careers in the industry.

“We’ve manufactured technology in east Tennessee that makes cars safer and cleaner for more than 30 years, and that sustained production is impossible without the support and skill of our local community,” said Jack Helmboldt, president emeritus at DENSO in Maryville. “Opening the Central Technical Training Center demonstrates not only our commitment to our employees, but also to maintaining DENSO and east Tennessee’s position as a manufacturing leader in North America.”

Speakers at the training facility’s grand opening include Ito and Bob Booker, a senior manager of Legal Services and Corporate Compliance at DENSO in Maryville, as well as Blount County Mayor Ed Mitchell; and Commissioner of the Tennessee Department of Economic and Community Development, Bob Rolfe.

The Central Technical Training Center’s opening comes after DENSO invested $1.95 million last year in its thermal manufacturing facility in Battle Creek, Michigan, to open the North Technical Training Center. Both bolster DENSO’s manufacturing expertise across North America.

DENSO’s Maryville location has nearly 5,000 employees and specializes in production of vehicle safety systems and electrification components. DENSO has other Tennessee locations in Athens, Mount Juliet and Jackson.

Whether you’re interested in production or engineering, human resources or sales, if you want a career that reimagines transportation and manufacturing, visit densocareers.com.

 

About DENSO

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ engineers, researchers and skilled workers across 51 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,700+ employees across 14 states (and the District of Columbia) and 41 sites. In fiscal year ending March 31, 2019, DENSO in North America generated $10.9 billion in consolidated sales. DENSO is committed to advancing diversity and inclusion inside the company and beyond – a principle that brings unique perspectives together, bolsters innovation and pushes DENSO forward. Join us, and craft not only how the world moves, but also your career: www.densocareers.com. For more information, go to https://www.denso.com/us-ca/en/.

 

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DENSO Announces Third-quarter Financial Results

KARIYA (Japan) ―DENSO, the world’s second largest mobility supplier, today announced its  third quarter (October-December 2019) financial results for its fiscal year 2019, ending March 31, 2020:

  • Consolidated revenue totaled 3,895.0 billion yen (US$35.5 billion), a 2.1 percent decrease from the previous year.
  • Consolidated operating profit totaled 162.7 billion yen (US$1.5 billion), a 33.2 percent decrease from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 136.1 billion yen (US$1.2 billion), a 29.1 percent decrease from the previous year.

“Excluding foreign exchange fluctuations, revenue increased due to sales expansion, despite overall automotive market slowdown. However, foreign exchange fluctuations led to decrease in revenue. Operating profit decreased due to foreign currency loss and provision for quality costs, despite variable costs reduction, which were outweighed by fixed costs increase,” said Yasushi Matsui, Chief Financial Officer and Senior Executive Officer of DENSO Corporation.

In Japan, an increase in sales volume to Toyota led to an increase in revenue to 2,432.6 billion yen (US$22.2 billion), a 0.9 percent growth from the previous year. Operating profit decreased to 40.0 billion yen (US$364.9 million), a 59.1 percent down from the previous year due to a foreign currency loss and provision for quality costs.

In North America, despite a production volume increase and sales expansion, currency exchange loss led to a decrease in revenue to 885.3 billion yen (US$8.1 billion), a 2.1 percent decrease from the previous year. Operating profit totaled 17.3 billion yen (US$157.9 million), a 22.1 percent decrease from the previous year due to the increase in expenses for R&D and investments to expand electrification production capabilities.

In Europe, revenue totaled 439.4 billion yen (US$4.0 billion), a 10.1 percent decrease from the previous year. Production volume decrease and labor costs increase led a drop in operating profit to 10.5 billion yen (US$96.0 million), a 26.4 percent decrease from the previous year.

In Asia, market slowdown led to a drop in revenue to 1,005.0 billion yen (US$9.2 billion), a 7.3 percent down from the previous year. Operating profit totaled 83.3 billion yen (US$759.8 million), an 18.5 percent decrease from the previous year. This is attributed to production volume decrease and labor costs increase.

In other areas, mainly the South American region, specifically Brazil and Argentina, revenue totaled 49.1 billion yen (US$448.3 million), a 7.1 percent decrease from the previous year. Operating profit totaled 8.6 billion yen (US$78.1 million), a 7.1 percent decrease from the previous year.

“Considering the 3Q results and environmental factors such as market slowdown, we have revised down our financial result forecast for the full-year,” said Matsui.

(Foreign exchange rates used for the full-year are US$= 108 yen, Euro= 121 yen)

Forecast for Fiscal Year Ending March 31, 2020

  Full-Year Forecast (Original) Full-Year Forecast (Revised) Changes
Revenue 5,260.0 billion yen

[US$48.0 billion]

5,260.0 billion yen

[US$48.0 billion]

0.0 billion yen

(0.0 percent)

Operating profit 320.0 billion yen

[US$2.9 billion]

280.0 billion yen

[US$2.6 billion]

-40.0 billion yen

(-12.5 percent)

Profit before income taxes 361.0 billion yen

[US$3.3 billion]

318.0 billion yen

[US$2.9 billion]

-43.0 billion yen

(-11.9 percent)

Profit attributable to owners of the parent company 257.0 billion yen

[US$2.3 billion]

225.0 billion yen

[US$2.1 billion]

-32.0 billion yen

(12.5 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 109.58 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market December 30, 2019. Billion is used in the American sense of one thousand million.

 

About DENSO Corporation

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO employs 27,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 13 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2019, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.

 

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