News

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

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

# # #

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

# # #

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

      # # #

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

# # #

 

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

# # #

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

# # #

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.

# # #

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

# # #

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

# # #

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.

# # #

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.

# # #
 

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.

# # #

 

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.

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

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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.

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

# # #

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.

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

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

# # #

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.

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 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.

# # #
 

DENSO Announces Changes to its Management System along with Executive Changes

Press Releases Senior Management Announcement

KARIYA (Japan) – DENSO Corporation today announced that it plans to introduce a new management system, in addition to executive changes, following the 91st Annual General Meeting of Shareholders and Board of Directors Meeting on June 19.=p 1

Changes in Management System
DENSO will introduce a new management system designed to strengthen corporate governance.

The new system will:

1. Separate and clarify corporate responsibility among Members of the Board, Senior Executive Directors and Executive Directors. Members of the Board will be responsible for decision making and supervision, and Senior Executive Directors and Executive Directors will be responsible for business execution.
(Alteration of memorandum will be after approval at the 91st Annual General Shareholders Meeting.)

2. Introduce external Members of the Board to reflect objective suggestions and opinions from outside the company.

Executive Changes
1. New Executive Vice Presidents
Akio Shikamura
Haruya Maruyama

2. New Members of the Board
Masahiko Ito*
George Olcott, outside board member,
(Guest Professor, Faculty of Business and Commerce, Keio University)?
Takashi Nawa,outside board member,
(Professor, Hitotsubashi University Graduate School of International Corporate Strategy)
*Also holds the position of Senior Executive Director

3. New Audit and Supervisory Board Member:
Atsuhiko Shimmura

4. New Senior Executive Directors:
Shinji Shirasaki*
Manfredo Nicolelli
Akio Tajima*
Yoshikazu Makino
Michio Adachi*
Yasushi Yamanaka
Hiroyuki Wakabayashi*
Satoshi Iwata*
Masahiko Ito*
Toshiyuki Kato
Koji Arima
*Member of the Board

5. New Executive Directors:
Jack Helmboldt
Yuji Ishizuka
Yasuhiko Yamazaki
Hisaaki Sato
Hajime Kumabe
Yasushi Matsui
Hirotsugu Takeuchi

6. New Appointments for Board of Directors:

New Current
Hiromi Tokuda Advisor, Senior Technical Executive,
Chairman of DENSO
International Europe B.V.
Executive Vice President
Hikaru Sugi Advisor, Senior Technical Executive,
Chairman of DENSO
International America,INC.
Executive Vice President
Kazuo Hironaka Advisor Senior Executive Director,
Member of the Board

7. New Appointments for Executive Directors:

New Current
Noboru Yamada Advisor, Chairman of DENSO
(China) Investment Co., LTD.
Executive Director
Kenichiro Kamai Senior Technical Executive Executive Director

8. New Appointments for Audit and Supervisory Board Member:

New Current
Toshio Watanabe Advisor Audit and Supervisory
Board Member

 

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 receives a John Deere Supplier Innovation Award

Press Releases

SOUTHFIELD, Mich. – Creativity, feasibility, collaboration and bottom-line impact – the four factors that led to DENSO grabbing hold of a John Deere Supplier Innovation Award. DENSO worked with Deere & Company to develop the new G4 diesel common rail fuel system. The innovation was recognized in February at John Deere’s Achieving Excellence banquet in Iowa.

“This was truly a collaborative relationship between DENSO and our customer’s engine development team,” said Ron Abbott, director of Heavy Duty Sales at DENSO International America, Inc. “We were able to build a quality product to ensure our customer’s needs were met. Our Heavy Duty team worked tirelessly to develop a system that reached that high level of customer satisfaction.”

This is the first year DENSO received a John Deere’s Supplier Innovation Award. The G4 diesel system has been designed to provide higher fuel pressure, which is critical to emission regulations. This new system allows for improved atomization, which helps reduce nitrogen oxides (NOx) and particulate material (PM) at the combustion stage.

Deere & Company created the Supplier Innovation Award in 2010 to promote innovation in the company’s supply base and recognize suppliers who think creatively. DENSO is one of eight recipients of the award this year.

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 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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

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DENSO to Talk Green and Safety at 2014 SAE World Congress

Press Releases

SOUTHFIELD, Mich. – Connectivity. Safety. Eco-friendly technologies. What does all of this have in common? At this year’s SAE World Congress, DENSO meets these topics head-on during a panel session, Leveraging the Great Convergence, held at Cobo Center in Detroit, Mich., April 8-10. The company will also present 11 technical papers throughout the duration of the Congress.

Panel Sessions:
Leveraging the Great Convergence
Tuesday, April 8, 8:30 a.m.
AVL Technology Leadership Center
Doug Patton, senior vice president of Engineering at DENSO International America, Inc., will talk about how the industry can continue to align with fuel economy regulations, CO2 mandates, driver distraction guidelines and connectivity solutions in the global industry.

Technical Papers:
DENSO will present 11 technical papers on topics involving thermal, powertrain, battery thermal management, hybrid and electrical vehicle technology 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 14 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 Bridgette LaRose at (248) 372-8266 or bridgette_larose@denso-diam.com.

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 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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

# # #

ASMO to Build New Manufacturing Facility in Irapuato, Guanajuato, Mexico

Press Releases

KOSAI (Japan) – ASMO Co., Ltd. has announced it will build a new manufacturing facility in Irapuato, Guanajuato, Mexico. The new facility will help ASMO meet the growing needs of its North American customers who are ramping up their operations in the region. The plant will manufacture washer and wiper systems, power seat motors and power window motors. Construction is set to begin in September and production is scheduled to start in April 2016.

“We’re excited to be part of the growing automotive industry in this region,” said Kenji Ohya, president of ASMO Co., Ltd. “We know this is the right location to set up our first manufacturing plant in Mexico.”

ASMO Mexico SA de CV will employ approximately 150 people initially and is expected to hire up to 500 employees by fiscal year 2020. Sales volumes are expected to reach more than US$90 million with an initial investment of US$47.2 million. ASMO Mexico SA de CV will be 22,700 square meters on approximately 100,000 square meters of land.

Profile of ASMO Mexico SA de CV:
1. Company name: ASMO Mexico SA de CV (tentative)
2. Date of establishment: June 2014 (planned)
3. Start of operation: April 2016 (planned)
4. Location: Irapuato, Guanajuato, Mexico
5. Capital: US$22 million
6. Stake: ASMO 50% ANAM 50%
7. Investment: US$52.4 million
8. Business description: Small motors for automobiles and related parts
9. Sales volume: US$90 million (2020)
10?Employees: 500 (2020)

ASMO Co., Ltd., headquartered in Kosai, Shizuoka prefecture, Japan, develops, manufactures and sells small motor systems and products for automobiles. Its customers include all the world’s major carmakers. Worldwide, the company has 19 subsidiaries and affiliates and employs more than 13,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled 303 billion yen.

In North America, ASMO employs more than 1,412 people at four companies. Of these, three are manufacturing facilities located in the United States and Canada. ASMO’s North American consolidated sales for the fiscal year ending March 31, 2012 totaled US$606M.

Connect with DENSO in North America on Facebook: www.facebook.com/DENSOinNorthAmerica

# # #

Three Reasons DENSO is Dedicated to Telling the Samurai Story at the DIA

Press Releases

DETROIT – The samurai are charging into the Detroit Institute of Arts (DIA) to tell their story of battle and culture in the Samurai: Beyond the Sword exhibit, March 9 – June 1.

DENSO International America, Inc. (DIAM) donated $50,000 to help tell the samurai story through a display of more than 125 pieces of artwork.

“This gives a true picture of samurai and their impact not only on the Japanese culture, but on the world,” said Bob Townsend, director of External Affairs at DIAM. “While we call the Metro Detroit community our home, we are still rooted in Japanese culture and want to share this influence and history with our community.”

Why Samurai?
1. Samurai were the rock stars of their time.
Samurai played a huge role in shaping the Japanese culture. They were true innovators, influencing culture, spiritual practices and artwork. From starting the Japanese tradition of tea drinking to launching new fashion trends, they were always leading the way. DENSO was founded on these same principles of vision and foresight. It’s this foresight that allows DENSO to stay on the cutting-edge of technology innovation.

2. Samurai swords raised the stakes on quality.
The most skilled samurai carried around two distinct swords that made them stand out. And the value of each sword was determined by the quality of the point. DENSO strives to provide new value through quality, and it is this focus on “quality first” thinking that helps to make DENSO successful.

3. Samurai armor was an art form.
Samurai armor was not just protection, it was art. Each suit of armor had intricate lacing, colors and patterns to make it unique to the wearer. Like the samurai, DENSO is committed to monozukuri – the art of making things. From design to production, DENSO is dedicated to continuous improvement, quality and detail.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

# # #

DENSO to Test Wireless Charging System

Press Releases

KARIYA (Japan) – Global automotive supplier DENSO Corporation will begin a ten-month field test of its wireless battery charging system in Toyota City, Aichi Prefecture, Japan. The field test is intended to identify any potential operational issues and also look at ways to enhance the convenience of wireless charging. The field test will begin on Feb. 24 and end in December 2014.

How it works:
When there are two coils apart, electric current can flow through one coil by applying electricity to the other coil. The wireless charging system uses this mechanism to wirelessly transmit power from a power transmission pad on the ground to a power-receiving pad equipped on a vehicle.

For the test, DENSO has equipped a Yamato Transport delivery truck with a power receiver that will wirelessly receive the energy from a power transmission pad located on the pavement of a 7-Eleven convenience store parking lot. The electricity charged in the truck’s battery is then used to power the refrigeration system while the engine is stopped during pickups and deliveries. Not only will the system improve convenience, but it will also help reduce emissions of refrigeration trucks since the battery will continue to power the refrigeration system even when the engine is off.

DENSO has been developing the wireless charging system with the goal to commercialize by 2020. DENSO is working to reduce the size, weight, and cost of the system while also looking to enhance convenience.

In Japan, Toyota City is designated as an experimental city for next-generation energy sources and social systems, a program which has been promoted by Japan’s Ministry of Economy, Trade and Industry since April 2010.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

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DENSO Develops EGR Valve Unit

Press Releases

KARIYA, Japan – Global automotive supplier DENSO has developed an exhaust gas recirculation (EGR) valve unit, a major component of EGR systems that helps make diesel engine emissions cleaner. The new unit, the first in the world to integrate an air intake throttle valve and an EGR valve, is half the size of conventional models and requires fewer components, thus reducing costs. The unit will be installed in a diesel passenger vehicle to be sold in Europe from later this year.

Reducing size
Conventionally, air intake throttle valves and EGR valves were separately installed to vehicles. The air intake throttle valve controls the amount of air entering the engine and the EGR valve controls the amount of exhaust gas to be recirculated into the engine. By integrating the two valves into one unit, DENSO combined the ducts and reduced the connectors, resulting to reducing the size to half compared to previous models. As the EGR system needs to be installed in a limited space close to the engine, a smaller system enables automakers to design engines more flexibility.

Reducing cost
Conventionally, a motor for valve opening and closing, paired with a sensor to detect the valve opening and closing angle, were needed for both the air intake throttle valve and EGR valve. However, DENSO’s new unit, which integrates the two valves, needs only one motor and one sensor, thus reducing the cost.

Flexible to meet various engine parameters
The air intake throttle valve and EGR valve are connected through a highly flexible coupling (cam-link mechanism), allowing the new unit to be applied to various engine parameters, including displacement and output, merely by changing the shape of the connection between the two valves (cam profile).

About diesel engine EGR systems
The diesel engine EGR system, which consists of an EGR valve, an air intake throttle valve, and an EGR cooler, recirculates a portion of the exhaust gas into the engine to lower the combustion temperature and hence reduce emissions of oxides of nitrogen (NOx). With the introduction of stricter exhaust emission regulations worldwide, including Euro 6 standards in Europe, this system has attracted much attention.

The main type of EGR system used today is the high pressure loop (HPL) EGR system where the exhaust gas to be recirculated is taken from an upstream section of the exhaust passage. However, this system has a disadvantage: diverting a fraction of the exhaust gas before the turbocharger that uses exhaust gas energy to force extra air into the engine reduces the amount of exhaust gas energy which can be used by the turbocharger, which makes it difficult for the forced induction device to produce high power. Therefore, the combination of a high pressure loop EGR with low pressure loop (LPL) EGR that takes the exhaust gas to be recirculated from a downstream section of the exhaust passage, is expected to be widely used in the future.

DENSO developments
DENSO has been mass-producing its first EGR valves used in LPL EGR systems since February 2011. It has also been mass-producing LPL EGR systems with a separate air intake throttle valve and EGR valve since November 2012. DENSO’s new EGR valve unit is designed for LPL EGR systems. DENSO will continue to develop products and technologies to improve the environmental performance of diesel vehicles

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

# # #

DENSO to Rename Its Three Manufacturing Companies in Japan

Press Releases

KARIYA (Japan) – DENSO Corporation will rename its three manufacturing companies in Japan; DENSO Electronics Corporation to DENSO Hokkaido Corporation, DENSO Manufacturing Kitakyushu Co., Ltd. to DENSO Kyushu Corporation and DENSO East Japan Corporation to DENSO Fukushima Corporation. The new names for each company will represent its location more clearly, to gain further trust and understanding from customers, partners and communities in each region. The changes will be effective from April 1, 2014.

DENSO Electronics Corporation manufactures automotive semiconductor products in Hokkaido, DENSO Manufacturing Kitakyushu Co., Ltd. manufactures automotive air conditioning systems, diesel fuel injections systems and AT control units in Fukuoka, and Hiroshima, and DENSO East Japan Corporation manufactures automotive air conditioning systems in Fukushima.

The three companies have held its shareholder’s meeting in December 2013, and completed the alteration of memorandum. New company names will be as follows.

Current company name > New company name
DENSO Electronics Corporation > DENSO Hokkaido Corporation
DENSO Manufacturing Kitakyushu Co., Ltd. > DENSO Kyushu Corporation
DENSO East Japan Corporation > DENSO Fukushima Corporation

Profile of DENSO Electronics Corporation
1. Company name: DENSO Electronics Corporation
2. Location: 1007-195 Izumisawa, Chitose, Hokkaido (Chitose Airport Industrial Complex)
3. Managing Director: Masakazu Sugimoto
4. Establishment: April 2007
5. Capital: 2.6 billion yen (approximately US$25.2 million)
6. Ownership: DENSO Corporation 100%
7. Employees: 852 (as of February 2014)
8. Business description: Production of automotive semiconductor products

Profile of DENSO Manufacturing Kitakyushu Co., Ltd.
1. Company name: DENSO Manufacturing Kitakyushu Co., Ltd.
2. Location: Headquarters: 5-4-1 Honjo, Yahatanishi-ward, Kitakyushu, Fukuoka Prefecture
Hiroshima Plant: 2-5-1 Kamisenominami, Aki-ward, Hiroshima, Hiroshima Prefecture
3. President: Yoshitaka Asano
4. Establishment: August 2005
5. Capital: 6.01 billion yen (approximately US$58.4 million)
6. Ownership: DENSO Corporation 100%
7. Employees: 1,255 (as of February 2014)
8. Business description: Production of car automotive air conditioning system, diesel fuel injections systems, AT control units

Profile of DENSO East Japan Corporation
1. Company name: DENSO East Japan Corporation
2. Location: 26, Koyodai, Funahiki-machi, Tamura, Fukushima Prefecture
3. President: Tadafumi Okada
4. Establishment: April 2008
5. Capital: 1.6 billion yen (approximately US$15.5 million)
6. Ownership: DENSO Corporation:100%
7. Employees: 123 (as of February 2014)
8. Business description: Production of automotive air conditioning systems

*Exchange rate used is 102.86 yen to the US one dollar at the end of January 2014 for convenience only.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

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DENSO Announces Third-quarter Financial Results

Press Releases

KARIYA (Japan) – DENSO Corporation today announced its third quarter global financial results for the nine months ending Dec. 31, 2013:

– Consolidated net sales totaled 3,016.6 billion yen (US$28.8 billion), a 17.4 percent increase from the previous year.
– Consolidated operating income totaled 289.9 billion yen (US$2.8 billion), a 54.2 percent increase from the previous year.
– Consolidated net income totaled 225.6 billion yen (US$2.2 billion), a 72.5 percent increase from the previous year.

”The sales and operating income increased due to an increase in car production mainly in North America, in addition to the impact of the weak yen,” said Kenichiro Ito, executive director of DENSO Corporation.

In Japan, although car production level was the same as the previous year, the increase of export sales and the effect of the weak yen led to an increase in sales to 2,020.0 billion yen (US$19.3 billion), an 11.1 percent increase from the previous year. Also, despite an increase mainly in R&D expenses, the increase in production volume and the currency exchange gain, in addition to the cost reduction effort, led to an operating income of 220.1 billion yen (US$2.1 billion), a 75.6 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 599.8 billion yen (US$5.7 billion), a 33.2 percent increase from the previous year. As a result of the increase in production volume, the operating income totaled 11.7 billion yen (US$111.3 million), a 26.3 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 355.7 billion yen (US$3.4 billion), a 37.1 percent increase from the previous year. As a result of the increase in production volume, the operating income totaled 6.5 billion yen (US$61.6 million), a 687.7 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 707.7 billion yen (US$6.7 billion), a 30.9 percent increase from the previous year. Despite an increase in labor costs, the increase in production volume and the currency exchange gain led to an operating income of 58.6 billion yen (US$559.1 million), a 10.4 percent increase from the previous year.

In other areas, mainly the South American region, including countries such as Brazil and Argentina, sales totaled 56.2 billion yen (US$535.5 million), a 22.7 percent increase from the previous year. The operating income totaled 402.5 million yen (US$3.8 million), an 84.2 percent decrease from the previous year.

”Considering business conditions, such as an increase in car production mainly in Japan 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$= 104 yen Euro= 142 yen, and for the full-year are: US$= 100 yen Euro=135 yen)

Forecast for Fiscal Year Ending March 31, 2014

FY Forecast
(Previous announced)
FY Forecast
(Revised)
Changes from Previous FY
Net Sales 4,010.0 billion yen
[US$38.2 billion]
4,080.0 billion yen
[US$38.9 billion]
+499.1 billion yen
(+13.9 percent)
Operating income 360.0 billion yen
[US$ 3.4 billion]
380.0 billion yen
[US$3.6 billion]
+117.6 billion yen
(+44.8 percent)
Income before income taxes and minority interests 391.0 billion yen
[US$3.7 billion]
420.0 billion yen
[US$4.0 billion]
+138.1 billion yen
(+49.0 percent)
Net income 264.0 billion yen
[US$2.5 billion]
283.0 billion yen
[US$2.7 billion]
+101.3 billion yen
(+55.8 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 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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

# # #

DENSO International America Appoints Rob Hempel to Vice President of Sales & Marketing Division

Press Releases Senior Management Announcement

SOUTHFIELD, Mich. – Rob Hempel has been appointed to vice president of the Sales and Marketing Division for DENSO International America, Inc. (DIAM). Located at DENSO’s North American headquarters in Southfield, Mich., Hempel is responsible for directing business strategy, operational and personnel activities for the Toyota Sales group. The position was effective Jan. 2, 2014.

Previously, Hempel served as director of the Chrysler Sales group where he was responsible for overseeing the group’s overall business strategy and sales activities for the North American region.

Hempel first joined DIAM in 1993 as an engineer in the Engine Management Systems and Components, Fuel Delivery department. In 2000, he was appointed to sales manager of the General Motors Powertrain Sales group and, in 2004, was promoted to senior manager of the General Motors Thermal Business group.

In 2006, Hempel took an assignment in Shanghai, China, aimed at developing local support for General Motors business and keeping face-to-face contact with key executives in the Asia-Pacific region. He returned to North America in 2007 and was appointed to director of Chrysler Sales.

Hempel holds two degrees, including a Master of Business Administration degree from the University of Michigan in Flint, Mich., and a Bachelor of Science in Product Design Engineering Technology from Ferris State University in Big Rapids, Mich.

He currently serves on the Southfield High School Marketing Advisory Board, has been a member of SAE since 1993, and also is a member of Marketing & Sales Executives of Detroit (MSED).

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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Hino and DENSO Jointly Develop the World’s First Electric Refrigerator System for Heavy-duty Trucks Using a Hybrid Unit

Press Releases

HINO & KARIYA (Japan)— Hino Motors, Ltd. (Hino) and DENSO Corporation (DENSO) have jointly developed the world’s first electric refrigerator system for heavy-duty trucks using a hybrid unit. This system is used in the Hino Profia, which will be released on Feb. 1, in Japan.

With the combination of Hino’s hybrid powertrain system technology and DENSO’s electric refrigerator system technology, the two companies have developed a high-quality refrigerator system that helps improve fuel economy, improves refrigeration performance, and is quieter when operating.

Hybrid trucks conventionally use energy generated from hybrid systems to assist the vehicle’s driving. However, this new truck uses energy from hybrid unit only for the new electric refrigeration system, which saves fuel.

Heavy-duty refrigerated trucks typically require an auxiliary engine or need to use their main engine power to operate the compressor of the refrigerator. The newly developed electric refrigerator system uses energy generated while driving or regenerated energy from the hybrid unit to operate the refrigerator’s compressor. This substantially reduces the amount of fuel normally used to drive the engine to operate the compressor, thus reducing CO2 emissions as well.

Compared to refrigerated trucks that use an auxiliary engine to operate the compressor, the new system is quieter, and contributes to an approximately 150kg weight reduction because it does not need an auxiliary engine.

In addition, compared with those having the main engine-driven compressor system, the new truck can operate the refrigeration compressor at a constant rotational speed using the energy supplied from hybrid system, which stabilizes the refrigeration performance and quality regardless if the truck is moving or stopped.

Trucks with main engine-driven compressor systems need to have separate refrigerator components in the engine compartment, under the floor panel, and in other places. However, the new truck uses a new integrated refrigeration unit that includes an electric compressor, condenser, and other devices. This simplified structure uses fewer tubes and wires and also is easier to maintain.

The new refrigerator system includes a stand-by unit that can beconnected to an external 200-volt power source so the refrigerator temperature can be maintained while the engine off for a long period of time. The stand-by unit also has a timer function, which can pre-freeze the refrigerator room without the driver’s operation. This helps reduce fuel consumption and manpower costs.

The Hino Profia with an electric refrigerator system reduces the amount of fuel required to operate its refrigerator. The new truck’s fuel efficiency exceeds Japan’s 2015 fuel efficiency standards by 5 percent. Moreover, as standard features, the Hino Profia has advanced safety systems including an enhanced pre-crash safety system (PCS*1) designed to support drivers to prevent rear-end collision with vehicle in motion ahead, a lane-departure warning system that issues an alarm at a more appropriate timing, and a driver monitoring system that provides more precise detection. Thus, the Hino Profia is a heavy-duty truck that achieves greater environmental and safety performance.

The compact and light-weight hybrid unit, installed to the Hino Dutro Hybrid with proven results in the market, was optimized as an energy source for this new refrigerator. This enables improved eco-friendly performance, while minimizing effects to load capacity and maintaining economy performance for the heavy-duty truck.

Hino will continue to offer useful products that are environmentally safe and user- friendly. And DENSO will continue to develop products and technologies that help automakers increase the environmental performance of their vehicles to promote a more eco-friendly society.

*1: PCS is a registered trademark of Toyota Motor Corporation.

Hino Profia with an electric refrigerator system: FR1EXEG (the photo shows the FR1EXEG with a body made by Trantechs)

The truck in the photo is also equipped with a wind deflector (user’s option)*2.
*2: This wind deflector is specifically designed for the Hino Profia with an electric refrigerator system not only to improve its aerodynamic performance, but also to optimally control airflow to increase the radiation performance of the condenser while reducing the air resistance while the truck is moving and increase the refrigeration efficiency.

Suggested retail prices in the Tokyo region

* The prices of the Hino Profia models with a cab-over chassis and an electric refrigerator system

Target annual sales
First year: 180 units

About Hino Motors,
Hino Motors, Ltd. is a leading Truck and Bus manufacturer in Japan. Hino brand vehicle sells in approx. 80 countries and regions worldwide, and achieved 154,700 unit sales in 2013. Hino has been committed to pursue advanced technologies, with more focus on environment and safety area, and Hino brand hybrid vehicles already sold more than 10,000 units globally since the launch of its hybrid bus in 1991. Headquartered in Hino city, Tokyo. Consolidated global sales for the fiscal year ending March 31, 2013, totaled JPY1,541 billion.

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 more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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Contact:
Hino Motors,Ltd

Corporate Communications (hm.pr@hino.co.jp)

DENSO CORPORATION
Sadayoshi Yokoyama (sadayoshi_yokoyama@denso.co.jp)
Goro Kanemasu (goro_kanemasu@denso.co.jp)

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DENSO to Exhibit at the 12th Auto Expo 2014, New Delhi, India

Press Releases

KARIYA — Global automotive supplier DENSO Corporation will exhibit its latest technologies in the areas of safety and environment at the 12th Auto Expo 2014 – Components, in New Delhi, India, from Feb. 6 to 9, 2014.

In the area of safety, DENSO will exhibit the head-up display control commander linked system that combines a head-up display, which projects vehicle information on the front windshield, with operations of vehicle equipment such as the air conditioning and audio system. The company will also introduce its pedestrian collision detection sensor?that enables the pop-up hood to operate more accurately, and the on-board communication device for vehicle-to-vehicle and vehicle-to-infrastructure (V2X) communication technologies.

In the area of environment, DENSO will display its diesel common rail system that injects fuel with a maximum pressure of 2,500 bar. DENSO will also exhibit stop/start system products such as the tandem solenoid starter, lithium ion battery pack and cold storage evaporator, which contribute to further improvement in fuel efficiency.

DENSO will continue developments centering around the India Technical Center, established in 2012, to develop technologies and products that further meet the needs of the market.

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.

In India, DENSO started operations in 1984. It now has seven subsidiaries including five production companies, which produce automotive air conditioning systems, fuel injectors, engine ECUs, starters, alternators and other devices. The company employs more than 2,900 people in India. For more information, go to www.denso.co.in.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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DENSO Develops Highly Standardized Automotive Climate Control Unit

Press Releases

KARIYA, Japan – Global automotive supplier DENSO has developed a new automotive climate control unit that can be used in a wide variety of vehicles ranging from compact to luxury cars. Conventional climate control units are often designed and tailored to each vehicle model; however, because of unit’s new structure, the company was able to standardize components while also meeting the required performance. This highly standardized automotive climate control unit, which is also smaller and lighter than previous models, is the world’s first of its kind.

“Many of the subcomponents for this product, such as air mix door, servo motor and blower fan are newly developed, which allowed us to reduce the unit’s size by 20 percent compared to DENSO’s conventional model,” said Katsuhisa Shimokawa, executive director responsible for DENSO Corporation’s Thermal Systems Business Unit.

The thickness of the air mix door is half that of DENSO’s conventional one, which reduces the depth and weight of the unit. Also, the conventional unit required several servo motors to operate the air mix door, whereas the new unit has standardized doors and needs only one, enabling the unit case to be made smaller. The new blower fan’s wing blades are re-shaped to best suite the wind flow, which allowed the new fan to become 15 percent smaller and consume 20 percent less power, while also maintaining high air discharge capacity.

“Customers are very receptive to our new design concept due to its performance benefits and smaller size,” said Pat Bassett, vice president of Thermal Systems, DENSO International America, Inc. “Despite its common design customers are developing their own unique ways to utilize the benefits of the new climate control unit.”

With these new technologies, the new smaller, lighter climate control unit with higher performance can also be used in eco-friendly cars. For instance, for stop/start system the evaporator in the unit can be replaced with a cold storage evaporator, and for hybrid and electric vehicles the heater core can be replaced with a heat pump air conditioning system. Also by changing the blower fan to two layer – structure, to take in external air and circulate internal air simultaneously, the air conditioning system could be used for vehicles with limited heat sources.

DENSO’s new climate control unit is used in the new HARRIER, which was released last December and in the NOAH and VOXY which was released this month. This new climate control unit will be offered for a wide variety of vehicle models all over the world. DENSO will continue to help create an advanced automotive society by developing technologies that can improve the comfort and environmental performance of vehicles.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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Corrected Release – DENSO Expands its North American Headquarters

Press Releases

SOUTHFIELD, Mich., – Global automotive supplier DENSO is investing US$10 million and adding 176 new jobs to expand its North American headquarters in Southfield, Mich. The investment, which includes the purchase of an existing 81,000 sq. ft. office building on its current campus, will increase its research and development capabilities in the region. The expansion is part of the company’s plan to invest nearly $US1 billion and create 2,000 jobs in North America over a four-year span. Of this, more than $750 million and 1,200 will be in the United States alone.

“We’re on track with our North American investment commitment, and to date, of the 1,200 jobs we’ve committed to creating in the U.S., we’ve already added 1,100,” said Terry Helgesen, senior vice president, Industry Relations, DENSO International America, Inc. “Overall we have added more than 640 jobs in Tennessee, 425 in Michigan and 50 in California.”

Details of the DENSO’s North American Investment update: In Michigan, DENSO will invest approximately US$10 million and will add approximately 176 new jobs at DENSO International America (DIAM) in Southfield, Mich. The investment will expand research and development of next generation technologies to improve fuel economy and safety. Along with this, DENSO has purchased a new building on Oak Hollow Drive. The overall project includes laboratory and testing facilities to support the development of components for:
• Electric hybrid vehicles
• Gasoline direct injection systems
• High output alternators
• Infotainment and connectivity products

In Tennessee, DENSO will invest approximately US$55 million and add 130 positions at DENSO Manufacturing Athens Tennessee (DMAT) to expand its gasoline direct injection lines. This is in addition to the $50 million investment and 130 new jobs that DENSO announced last year to localize its gasoline direct injection lines, bringing the total investment to $105 million and 260 new jobs.

In Montgomery, Ala., DENSO is investing approximately US$2.2 million to open a new shipping plant, named DENSO Manufacturing Michigan Alabama (DMMI-AL), resulting in at least 45 new positions. DMMI-AL will support the warehousing and shipping of Heating Ventilation Air Conditioning (HVAC) units and other parts for its North American customers. Start of operation is scheduled for April 2014.

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 the European website www.denso-europe.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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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DENSO Invests an Additional $55 Million at its Athens, Tenn. Facility

Press Releases

SOUTHFIELD, Mich., – DENSO announced it is investing an additional $55 million and adding more than 130 new manufacturing jobs at its DENSO Manufacturing Athens Tennessee (DMAT) facility in Athens Tenn. This is in addition to the $50 million investment and 130 jobs that was announced last year to localize its gasoline direct injection injectors (GDI), bringing the total investment to approximately $105 million and 260 new jobs.

“These are very exciting times at DENSO,” said Hugh Cantrell, general manager, DENSO Manufacturing Athens Tennessee. “We are thankful for the past and current contribution of our associates and the support and commitment of the local community. We look forward to continued partnerships as we launch this expansion and compete to bring future products to Athens!”

Fuel-saving Technology
Depending on engine size, DENSO’s GDI system can help automakers achieve up to 20 percent fuel economy while also helping reduce CO2 emissions of up to 15 percent. For consumers, it means more mileage for the money and an overall savings at the gas pump.

DMAT began tooling, staffing, and training preparations in June 2013, for mass production of gasoline direct injectors in 2014. DENSO first mass produced GDI components in 1996, and started production of its third generation of GDI technology in 2012. DENSO’s latest generation 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.

DMAT currently employs more than more than 1,000 employees and has been producing fuel injectors since 1998 for the North America region. The facility also produces oxygen sensors, ignition coils, monolithic carriers and spark plugs.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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DENSO, MIT AgeLab and Touchstone Evaluations Establish New Consortium to Study Driver Distraction

Press Releases

SOUTHFIELD, Mich., – Leading a new effort to address the continuing challenge of driver distraction, global automotive supplier DENSO, Massachusetts Institute of Technology (MIT) AgeLab and Touchstone Evaluations have founded a consortium, Advanced Human Factors Evaluator for Automotive Demand (AHEAD), that aims to develop new perspectives and methodologies for a holistic and objective approach to measuring driver demand. Honda R&D Americas, Inc., Subaru Research & Development and Jaguar Land Rover have joined the program as initial partners, and discussions with other global automakers and portable electronics suppliers are ongoing.

The new consortium brings together leading researchers, automakers and suppliers to take a fresh look at methods to reliably and repeatedly assess the demands associated with in-vehicle interactions. Further, this work aims to provide the auto industry with an evaluation platform that better supports driver safety as the potential for automotive human-machine interface (HMI) complexity increases.

“We know drivers want to be connected while driving, but how do we safely give drivers what they want?” said Doug Patton, senior vice president of Engineering at DENSO International America, Inc. “We need to evaluate driver workload – but currently there is no quantifiable and objective metrology model in place. Not to mention, there’s a high price tag attached to researching and developing something like this. With that said, forming a consortium will help reach the goal of establishing a common methodology.”

The Goal of AHEAD:
Current evaluation methods for HMI technologies are primarily based upon criteria developed before the advent of modern integrated technologies such as voice interfaces, touch screens and multi-function controllers. Perhaps most importantly, the evaluation methods utilized to date don’t consider the tradeoffs that exist as demand is moved between modalities such as vision, touch, sound, haptics, gesture and cognition. The effort aims to make early stage prototype evaluations more feasible where design changes can be more effectively achieved – in contrast to evaluations that frequently take place later in the vehicle development process.

“Establishing a common understanding of human performance of in-vehicle tasks that can distract drivers from the primary task of operating the vehicle safely is an important goal for the industry,” said Steven Feit, Chief Engineer of Infotainment Development at Honda R&D Americas, Inc. “This type of research and collaboration will lead to new automotive innovations and the inclusion of exciting features and consumer technology that can be operated safely in vehicles.”

The goal of AHEAD is to create a quantifiable objective evaluation toolkit that will be useful across the industry for supporting new HMI development; and, one that will improve the effectiveness and reliability of data, helping manufactures and portable electronics suppliers offer intuitive, convenient and safe interfaces to the consumer while more effectively meeting industry and governmental guidelines.

Joining forces to lead the technical effort are researchers from the MIT AgeLab and Touchstone Evaluations, Inc. The MIT AgeLab has lead efforts to utilize to multi-dimensional assessment by holistically combining physiological, visual attention and performance measures as part of HMI evaluation. “Physiological measures complement traditional visual attention and performance measures to provide a more complete picture of the interacting demands of modern HMI.” Dr. Bryan Reimer, a Research Scientist in the MIT AgeLab, the Associate Director of The New England University Transportation Center at MIT and the MIT technical lead for AHEAD.

About MIT AgeLab:
The MIT AgeLab was created in 1999 as a global research program to invent new ideas and creatively translate technologies into practical solutions that improve people’s health and enable them to “do things” throughout the lifespan. Based within MIT’s School of Engineering’s Engineering Systems Division, the AgeLab has assembled a multi-disciplinary team of researchers, business partners, and universities, to design, develop and deploy innovations that touch nearly all aspects of how we will live, work and play tomorrow. Core research themes include transportation, health and wellness, and longevity planning.

About Touchstone Evaluations:
Touchstone Evaluations, Inc. was founded in 2008 in Detroit, Michigan. It is a new-generation human factors firm that provides research and consulting services in the automotive and consumer-product sectors. It is distinguished by the priority it places on scientific rigor, and by its focus on creating the “next practices” of user interface development, which will lead to effective and pleasing products. Touchstone’s founders are award-winning scientists and engineers in the field of driver performance assessment and vehicle evaluation, who collectively have over 85 years of experience in the automotive industry. Of the client-customized services which Touchstone delivers annually, typically 75 percent are focused on driver multitasking, attention, and distraction-assessment, 15 percent on active safety and emerging automotive technologies (including automation), and 10 percent on User Interface innovation. For more information, visit http://touchstoneevaluations.com/.

About DENSO: Currently, in North America, DENSO employs more than 17,000 people at 32 consolidated companies and affiliates. Of these, 22 are manufacturing companies that have 28 production locations in the United States, Canada and Mexico. In the U.S. alone, DENSO employs more than 12,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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 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

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DENSO International America Appoints Bill Foy to Senior Vice President of Sales & Marketing Division

Press Releases Senior Management Announcement

SOUTHFIELD, Mich. – Bill Foy has been appointed to senior vice president of the Sales and Marketing Division for DENSO International America, Inc. (DIAM). Located at DENSO’s North American headquarters in Southfield, Mich., Foy is responsible for overseeing Sales, Marketing and Business Operations activities for all customers. The position is effective Jan. 2, 2014.

“Foy’s extensive experience and background will help set overall customer and product strategy to deliver total value to North American and global customers and drive stronger business partnerships,” said Kazumasa Kimura, chief operating officer of DIAM.

Previously, Foy served as vice president of the Sales and Marketing Division, responsible for overseeing the Toyota, Chrysler, Hyundai and European Sales groups, as well as Business Operations and Planning activities for DENSO’s North American region.

Foy first joined DIAM in 1997 as senior manager of the General Motors Sales Group. In 2001, he joined the Chrysler Sales Group where he coordinated sales activities for all products and was successful in aligning DENSO group companies to achieve two global supplier awards. He later was named vice president of the Chrysler Group in 2005 and was responsible for overseeing the group’s overall sales activities for the North American region.

Foy holds three degrees, including a Master of Business Administration from the University of Michigan in Ann Arbor, Mich., a Bachelor of Science in Mechanical Engineering and a Bachelor of Science in Biological Sciences, both from the Michigan Technological University in Houghton, Mich.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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DENSO 2014 NAIAS News Conference: “North American Expansion Update and Addressing the Teen Driving Challenge”

Press Releases

WHAT: Global automotive supplier, DENSO International America, Inc. (DIAM), premier sponsor of the 2014 North American International Auto Show, will give an update on its North American expansion plans, including its progress on investment and job creation in the region. Also, DENSO will share its research findings related to the alarming number of teen driving accidents in the United States and around the world, and explain how it plans to address these challenges.

WHO: Terry Helgesen, Senior Vice President of Industry Relations, DIAM & Justin McBride, Senior Manager of Body Control Systems, Research and Development at DIAM

WHEN: Tuesday, Jan. 14, at 7:35 a.m.

WHERE: DENSO booth, Detroit Hall, Cobo Center

Last year, during NAIAS 2013, DENSO announced that it would invest nearly US$1 billion and create approximately 2,000 jobs over the next four years. 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.

QUESTIONS & INTERVIEW SCHEDULING: If you would like to RSVP or schedule an interview with DENSO executives, please contact Bridgette LaRose at 248-372-8266 or bridgette_larose@denso-diam.com.

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.

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 11,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totaling US$6.8 billion for the fiscal year ending March 31, 2013.

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

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Toyota Tsusho, Aisin Seiki and DENSO to Open Wholly Owned Automotive After-sales Service Store in Cambodia

Press Releases

KARIYA (Japan) Toyota Tsusho Corporation, Aisin Seiki Co., Ltd., and DENSO Corporation will jointly open a wholly owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly owned store will start operations in February 2014 with the brand name of “PIT & GO.” The company name for the wholly owned store will be PIT&GO Automotive Service (Cambodia) Co., Ltd.

As the motor vehicle demand in emerging markets, like Asia and Africa are rapidly increasing, there is a growing need for repair, maintenance and other after-sales services for new and used vehicles. To quickly provide high-quality automotive components and services and improve customer satisfaction, Toyota Tsusho, Aisin and DENSO will jointly open a wholly owned store in Cambodia.

To expand its regional service network, PIT&GO will identify qualified stores and designate them as PIT&GO-certified, as well as help them improve their repair skills and store management.

Toyota Tsusho Corporation, headquartered in Nagoya, Aichi prefecture, Japan, is a general trading company that develops businesses with customers around the world through a global network encompassing Japan and more than 60 other countries and more than 900 consolidated Group companies. Its operations span seven fields headed by seven product divisions. Each division leverages its specialized strengths in their particular field while also pursuing synergies with other divisions to create new value. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$67 billion.

AISIN SEIKI Co., Ltd., headquartered in Kariya city, Aichi prefecture, Japan, is a globalized automotive parts and system supplier. As a central hub of 179 subsidiaries and affiliated companies, AISIN SEIKI Co., Ltd. manufactures and supplies drivetrain, brake, chassis, body, engine, and information technology products to the world’s major carmakers. In addition, the company has applied its experience in the automotive industry to non-automotive industries such as life, energy, and wellness. The AISIN Group has reinforced local & worldwide production, consolidating global sales for the fiscal year ending March 31, 2013, totaling US$30.4 billion.

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 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion.

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