DENSOCorporation, headquartered in Kariya,
Aichi prefecture, Japan, is a leading global supplier of advanced
technology, systems and components. Its customers include all the world's
major carmakers. Worldwide, the company employs 95,000 people in 31
countries and regions, including Japan. Consolidated global sales for the
fiscal year ended March 31, 2004 totaled US$24.2 billion. DENSO
common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges.
Consolidated net sales FY
2003/2004 totaled 2,562.4 billion yen (US$24.2 billion), a 9.8
percent increase from the previous year.
Operating income totaled 188.6
billion yen (US$1.8 billion), an 18.0 percent increase from the previous
year.
Income before income taxes and
minority interests for the year totaled 185.8 billion yen (US$1.8
billion), a 20.4 percent decrease from the previous year because 67.2
billion yen (US$634.0 million) of extraordinary items, mainly of the
extraordinary income recorded in the previous period. The extraordinary
income was caused mainly by liquidation of the entrusted welfare pension
benefits by the Government of Japan recorded in the previous period.
Consolidated net income
totaled 110.0 billion yen (US$1,037.7 million), a 0.9 percent decrease
from the previous year due to the above-mentioned extraordinary income.
DENSO Announces
Reorganization of Business Groups and Product Divisions
December 26, 2005
--DENSO Corporation announced changes to its business group
organization, from its current four business group and one product
division structure to a five business group structure. In addition to
the current four business groups - Powertrain Control Systems, Electric
Systems, Electronic Systems and Thermal Systems, DENSO will establish
the new Information & Safety Systems Business Group. Further, current
product divisions will be reorganized within the five business groups.
These changes become effective Jan. 1, 2006.
Details of the business
groups are:
The Information &
Safety Systems Business Group will promote system development from
the viewpoint of driver assistance by incorporating the divisions
that develop and manufacture ITS products, safety systems, and body
electronics. Mitsuharu Kato, managing officer of DENSO, is assigned
to this new business group.
The Powertrain
Control Systems Business Group will incorporate three divisions that
develop and manufacture gasoline and diesel engine management
systems and components, enabling system development approaches.
DENSO Managing Officer Hiromi Tokuda will continue to oversee this
business group.
The Electric
Systems Business Group will incorporate two divisions related to
automotive electrical products such as starters and alternators, and
electric hybrid vehicle components, and aim for synergy between
related technologies. DENSO Managing Officer Mineo Hanai will
continue to oversee this business group.
The Electronic
Systems Business Group will incorporate two divisions related to
automotive electronic control systems including engine ECUs,
electronic devices and integrated circuits, and aim for synergy in
developing software and hardware for automotive electronic controls.
DENSO Senior Managing Director Susumu Harada will continue to
oversee this business group.
The Thermal Systems
Business Group will incorporate two divisions related to automotive
heat exchange technologies including air conditioners and engine
cooling components. DENSO Managing Officer Hikaru Sugi will continue
to oversee this business group.
In 1999, DENSO adopted
the current business group-based management structure to speed up
strategic decision-making by transferring responsibilities to each group
and division.
This organization
change will be the first change to the business group structure since
its inauguration in 1999.
October 28, 2006, DENSO
Corporation today announced global financial results for the first half
year ended September 30, 2005:
Consolidated net
sales totaled 1,506.6 billion yen (US$13.3 billion), an 11.2 percent
increase from the previous year.
Operating income
totaled 119.7 billion yen (US$1.1 billion, an 11.6 percent increase
from the previous year. • Income before income taxes and minority
interests for the year totaled 119.3 billion yen (US$1.1 billion), a
6.2 percent increase from the previous year
Consolidated net
income totaled 67.2 billion yen (US$594.7 million), a 1.2 percent
increase from the previous year.
April 27, 2004
-- Tokyo, Japan - DENSO Corporation today announced
global financial results for the fiscal year ended March 31, 2004:
Consolidated net sales for
fiscal year ended March 31, 2004 totaled 2,562.4 billion yen (US$24.2
billion), a 9.8 percent increase from the previous year.
Operating income totaled 188.6 billion yen
(US$1.8 billion), an 18.0 percent increase from the previous year.
DENSO
Introduces New Management System to Begin in June
Apr 27, 2004
-- Tokyo - DENSO Corporation today announced a new management
system, set to take effect after the annual stockholders meeting in June.
The new management system
will be composed of a board of directors and managing officers. The
current system consists only of a board of directors. The number of board
of directors will be reduced from 32 to 13, and the maximum number will be
reduced from 45 to 20.
