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 Company Name Denso Corporation
 Year Established 
16 December 1949
 Chief Officer
Nobuaki Kato (President and CEO)
 Address
1-1 Showa-cho, Kariya-shi, Aichi 448-8661, Japan
 URL
 Phone
+81-566-25-5511
 FAX
+81-566-25-4500
 Number of
 Employees
120,812 employees (As of Mar. 31, 2010)
 Sales
Consolidated 2,976,709m JPY (FY ended Mar. 31, 2010)
 Location in
 Thailand
DENSO (Thailand) Co., Ltd.
Address : 369 Moo 3 Teparak Rd., T.Teparak, A.Muang, Samutprakarn 10270
Telephone : +66 (0) 2758 4646, +66 (0) 2394 0481
Fax : +66 (0) 2758 4644, +66 (0) 2384 0884
Website : http://www.denso.co.th
 Shareholders
 (As of  Mar. 31,
  2009)
Listed on the first section of the Tokyo Stock Exchange, the first section of the Osaka Securities Exchange, and the first section of the Nagoya Stock Exchange.
 
 
 Name or Company Name Investment Ratio(%)
 Toyota Motor Corp.
22.54
 Toyota Industries Corporation
7.85
 Robert Bosch GmbH
5.37
 Japan Trusties Services Bank Ltd. (Trust Account)
4.03
 The Master Trust Bank of Japan, Ltd. (Trust Account)
3.85
 Japan Mutual Insurance Ltd.
2.72
 Japan Trusties Services Bank Ltd. (Trust Account 4G)
2.65
 Mitsui Sumitomo Insurance Co., Ltd.
1.71
 Employees stockholdings
1.68
 State Street Bank and Trust Company
1.25
 Total
53.65
 Overview
- Japan's largest auto parts manufacturer. 

- A core component supplier in the Toyota Group. 

- The Company operates in two business areas, namely automotive and industrial systems. The Denso Automotive Business Group has five product groups: (1) Powertrain Control Systems, (2) Electric Systems, (3) Electronic Systems, (4) Thermal Systems, and (5) Information & Safety Systems.
 Products
1. Powertrain products

1-1. Hybrid and Electric Vehicle Parts
  - ECUs for hybrid vehicles
  - Power control units
  - System main relays
  - DC-DC converters
  - Battery-monitoring units
  - Battery cooling systems
  - Battery current sensors

1-2. Gasoline and Engine Products

Intake Systems
  - Airflow meters
  - Electronic throttle bodies
  - Axle pedal modules
  - Variable intake actuators
  - Intake pressure sensors
  - Air filter elements
  - Upstream intake systems
  - Intake modules

Fuel Systems
  - Injectors
  - Fuel pumps
  - Fuel pump modules
  - Fuel filters
  - Tank internal-pressure sensors
  - Pressure regulators
  - Fuel pulsation dampers
  - Evaporation purge valves
  - Canister close valves
  - Evaporation leak checking modules
  - High pressure pumps
  - High pressure injectors
  - Injector driver units
  - Fuel pressure sensors

Valve Operating Systems
  - Variable cam timing systems
  - Oil regulating valves

Ignition Systems
  - Stick coils
  - Cam angle sensors (MRE type)
  - Crank angle sensors (MPU type)
  - Nonresonant knock sensors
  - Iridium plugs
  - Iridium plugs for cogeneration systems

Exhaust Systems
  - O2 sensors
  - Air/Fuel ratio sensors
  - Thin-wall hexagonal monolithic carrier 
  - Combination valves

Engine Control ECUs
  - Engine control ECUs for installation in cabin rooms
  - Engine control ECUs for installation in engines room
  - Intake module engine control ECUs

1-3. Diesel Engine Products

Common-Rail Systems for passenger vehicles and small commercial vehicles
  - Supply pumps
  - Solenoid injectors
  - Piezo injectors
  - Rails
  - Engine ECUs
  - EDUs
  - Rail pressure sensors

Common-rail Systems for medium- and heavy-duty commercial vehicles
  - Supply pumps for medium-duty commercial vehicles
  - Supply pumps for heavy-duty commercial vehicles
  - Solenoid injectors
  - Rails
  - Engine ECUs

Distributor Type Pumps (including electronic control pumps), Parallel Type Injection Pumps, Nozzles, Nozzle Holders
  - Electronic control distribution type fuel injection pumps (V4 passenger vehicles)
  - Electronic control distribution type fuel injection pumps (V5 passenger vehicles)
  - Parallel type fuel injection pumps (NB type)
  - Nozzles and nozzle holders (DN-P type)
  - Nozzles and nozzle holders (DLL-P type)

Engine Startup Assist Products
  - Ceramic glow plugs
  - Intake heaters

Intake Systems
  - Intake air-temperature sensors
  - Electronic throttle bodies

Exhaust Systems
  - DC motor EGR valves
  - EGR gas temperature sensors
  - Exhaust gas temperature sensors
  - Materials for diesel particulate filter materials for DPNR
  - Exhaust gas differential pressure sensors

1-4. Starters
  - Type PS
  - Type PA
  - Type RA

1-5. Alternators
  - SE08
  - SC1-2 (130/150A type)
  - SC3-6 (170-220A type)

1-6. Engine Cooling Systems
  - Front end modules
  - Cooling sub-modules
  - Radiators
  - Cooling fans
  - Radiator fan controllers
  - Water temperature sensors
  - Reservoir tanks
  - Inter coolers
  - Oil coolers
  - Oil filters

1-7. Drivetrain Systems
  - A/T duty solenoids
  - A/T linear solenoids
  - A/T control valves
  - Shift-by-wire actuators
  - Car speed sensors

2. Climate Control Products

2-1. Air Conditioning Systems for Passenger Vehicles

Compressors
  - Swashplate fixed displacement compressors
  - Variable capacity compressors
  - Scroll compressors
  - Electric compressors

Condensers
  - Condensers

Control Devices
  - Air conditioner panels
  - Internal air sensors
  - Matrix IR sensors
  - Solar sensors
  - Humidity sensors
  - Outside air sensors
  - Evaporator sensors
  - Refrigerant pressure sensors

Air Conditioner Unit Products
  - Air conditioner units
  - Evaporators
  - Heater cores
  - Blower motor fans
  - Blower blushless motor controllers 
  - Servo motors
  - Cabin air filters (dust control)
  - Cabin air filters (dust control and deodorizing) 

Air Cleaning Devices
  - Air purification equipment

Rear Coolers
  - Rear coolers

2-2. Air Conditioning Systems for Buses
  - Roof-top bus coolers
  - Fully automated air conditioning systems for buses


3. Body Parts

3-1. Combination Meters
  -
Analog meters
  - Center
meters
  - Multimedia display systems
  - Digital meters

3-2. Head-up Display Systems

  - Head-up display systems

3-3. Body Electronics
  - Electronic key systems (FOB type)
  - Electronic key systems (card type)
  - Tuners
  - Security ECUs
  - Main body ECUs
  - Remote security ECUs
  - Security cameras
  - TPMS ECU tire pressure monitoring systems
  - Sonar ECUs
  - Sonar sensors (corner sensors)
  - Sonar sensors (rear sensors)
  - Light sensors
  - Horns
  - Rain sensors
  - Washer systems
  - Wiper systems
  - Power window motors
  - Wireless door lock buzzers

3-4. Relays
  - Power PCB relays
  - Short micro ISO relays
  - Power mini ISO relays
  - IC flashers for passenger vehicles (two-relay type)


4. Driving Safety Products

4-1. Driver Support Systems

Adaptive Cruise Control systems, Pre-clash Safety Systems, and Lane Keeping Assist Systems

  - Millimeter-wave radars
  - Imaging sensors
  - Laser radars
  - Driver support ECUs
  - Seatbelt ECUs 

4-2. Steering Systems
  - Electric power steering ECUs
  - Electric power steering motors
  - Steering torque sensors
  - Variable gear ratio steering ECUs
  - Variable gear ratio steering motors

4-3. Lighting Control Systems
  - Ballasts for discharge lamps
  - Adaptive front lighting systems (AFSs)

4-4. Airbag Sensors and Airbag ECUs
  - Airbag ECUs
  - Airbag ECUs for small vehicles
  - Electronic airbag satellite sensors
  - Airbag acceleration sensors
  - Mechanical airbag satellite sensors
  - Seat switches

4-5. Brake Controls
  - Brake pressure sensors
  - ESC units
  - Wheel speed sensors
  - ESC inertia sensors
  - Acceleration sensors for suspension systems

5. Information and Communication Systems

5-1. Car Navigation Systems
  - Car navigation systems
  - Integrated antennas
  - Optical beacon antennas

5-2. Electronic Toll Collection Systems (ETC systems)
  - In-vehicle ETC equipment

5-3. Data Communication Modules
  - Data communication modules
 Customers
 Domestic
 Toyota
Nissan
Honda
 Mazda
Mitsubishi
Isuzu
 Fuji Heavy Industries
Suzuki
Daihatsu
 Hino
 
 

Overseas
 GM
Ford
BMW
 Daimler
Chrysler
Volkswagen
 Opel
Audi
Volvo
 Fiat
Peugeot
Renault
 Citroen
Porsche
SAAB
 Jaguar
Rolls-Royce
Rover
 Triumph
Ferrari
Proton
 Hyundai
Kia
GM-Daewoo
 Skoda
Tianjin Automobile
China Motor

Percentage of Sales to Toyota, Its Major Customer
Major customer
FY2008
FY2007
FY2006
Toyota
29.9%
30.0%
30.7%
 Certifications
Certification
- All divisions (including the development and design sections) in the headquarters and all other facilities have obtained ISO14001 certification.
- All automotive-related business divisions obtained QS9000 and ISO9001 certifications. 

Awards
The Company was honored with GM's (General Motors) prestigious Corporation of the Year award during a ceremony on April 29. This is the third time it has earned this recognition; The Company also received this award for the years 1996 and 2000. It also was one of 85 companies named Supplier of the Year by GM. The award recognizes its heating, ventilation and air conditioning systems, and navigation systems. The Company has earned the Supplier of the Year award 12 times. (From a press release by the company on Jun.7, 2006)

Denso International America was presented the General Motors 2006 Supplier of the Year award. It was recognized for its heating, ventilation and air conditioning (HVAC) system, windshield wipers, fuel injectors and navigation system. (From a press release on Apr. 5, 2007)
 Highlights
 FY2008
 (Ended Mar. 2009)
Financial Overview
(in billion JPY)
 
 
FY2008
FY2007
Rate of Change
Factors
 Overall
 Sales
3142.7
4,025.1
(21.9)
Sales decreased as a result of the global decrease in automobile production and foreign exchange loss.
 Ordinary Income
(35.3)
368.3
-
Ordinary income decreased due to capacity utilization loss caused by sales decrease and foreign exchange loss.
 Net Income
(84.1)
244.4
-
-
 Automotive business
 Sales
3042.7
3,911.1
(22.2)
Refer to the following list.
 
Sales of Automotive Products
(in billion JPY)
 
 
FY2008
FY2007
Rate of Change
Factors
 Heat Devices
1,006.9
1,287.9
(21.8)
- Vehicle production by Japanese automakers decreased.
- While sales of automotive air-conditioners for European automakers were strong in the first half, they declined in the second half onward as a result of decreased production of vehicles utilizing these products. 
 Powertrain devices
741.9
940.2
(21.1)
- Vehicle production by Japanese automakers decreased.
- While sales of diesel common rail system were strong in Europe in the first half, they declined in the second half and onward as a result of decreased production of vehicles that installed the products.
 Information and safety systems
471.4
650.0
(27.5)
- Sales of car navigation systems and other products decreased as a result of decreased vehicle production by Japanese and US automakers.
 Electronic devices
293.6
368.0
(20.2)
- Sales of starters and alternators decreased as a result of decreased vehicle production by Japanese automakers.
 Electrical devices
272.9
349.7
(22.0)
- Sales of engine ECUs and other products decreased as a result of decreased vehicle production by Japanese automakers.
 Motors
218.3
270.8
(19.4)
- Sales of wiper systems, power window motors, etc. decreased  as a result of decreased vehicle production by Japanese and US automakers.
 Others
37.6
44.4
?
-
Total
3,042.7
3,911.1
(22.2)
-
 
Sales by Region
(in billion JPY)
 
 
FY2008
FY2007
Rate of Change
Factors
 Japan
 Sales
2,145.6
2,725.9
(21.3)
Sales decreased as a result of a decrease in domestic vehicle production, decrease in export of components to be used for overseas production and foreign exchange loss.
 Operating Profit
(114.7)
197.5
-
Operating profit decreased due to capacity utilization loss caused by sales decrease and foreign exchange loss.
 North and South America
 Sales
559.8
832.3
(32.7)
Sales decreased due to decreased vehicle production in the USA.
 Operating
Profit
5.1
41.5
(87.8)
Operating profit decreased due to capacity utilization loss caused by sales decrease.
 Europe
 Sales
462.5
620.3
(25.4)
Sales decreased due to decreased vehicle production in European countries.
 Operating
Profit
3.6
26.5
(86.4)
Operating profit decreased due to capacity utilization loss caused by sales decrease.
 Australia and Asia
 Sales
507.7
616.2
(17.6)
Sales decreased due to decreased production of Japanese cars in ASEAN countries.
 Operating
Profit
60.5
80.4
(24.8)
Operating profit decreased due to foreign exchange loss and capacity utilization loss caused by sales decrease.
Contracts

- The Company has developed a small air conditioning unit for small-sized cars. Toyota Motor Corporation has decided to install this unit on the iQ, Toyota's new ultra-compact car to be released in Japan and Europe.

- The Company has developed a remote touch control device that allows a driver to operate at hand such in-vehicle systems as the car navigation, audio and air-conditioning, and it is installed on the Toyota Lexus RX.

- The Company 's compact organic light-emitting diode (OLED) displays will be used in the meters for installation in the Lexus RX.
 Employees
Business Segment
FY2008
FY2007
FY2006
 Automotive business
117,850
116,875
110,373
 New businesses
2,069
1,978
1,889
Total
119,919
118,853
112,262
 Facilities
Domestic production sites
Name
Location
Major products
Ikeda Plant
Kariya City,
Aichi Pref. 
Radiators, oil coolers, intercoolers
Anjo Plant
Anjo,
Aichi Pref.
Starters, alternators
Nishio Plant
Nishio,
Aichi Pref.
Automotive air conditioners, radiators, diesel fuel injectors, controllers for EFI (Electronic Fuel Injection)
Takahata Plant
Anjo,
Aichi Pref.
Meters, displays, car navigation systems
Daian Plant
Inabe,
Mie Pref.
Ignition systems, safety products, valve train products, exhaust systems
Kota Plant
Nukata-gun,
Aichi Pref.
IC, electronically controlled products
Toyohashi Plant
Toyohashi,
Aichi Pref.
Air Conditioners,  Heat-pump hot-water heaters which use (CO2) as a natural cooling medium 
Agui Plant
Chita-gun,
Aichi Pref.
Production facilities
Kitakyushu Plant
Yawata Nishi-ku,
Kitakyushu City
Automotive air conditioners 
Zenmyo Plant
Nishio,
Aichi Pref.
Electronic fuel injection systems for diesel engines
 Subsidiaries
Number of Subsidiaries and Affiliates (as of Mar. 31, 2009)
Region
Consolidated Companies
Affiliates Accounted for Under the Equity Method
Japan
68
13
North and South America
38
5
Europe
33
3
Australia and Asia
48
9
Others
-
2
Total
187
32
 Sales Data
Sales Breakdown by Product
(in billion JPY)
 
 
FY2008
FY2007
FY2006
Heat Devices
1,006.9
1,287.9
1,137.9
Power train devices
741.8
940.1
830.1
Information and Safety devices
471.4
650.0
583.8
Electronic devices
293.6
368.0
329.9
Electrical devices
272.9
349.6
310.7
Motors
218.3
270.8
248.7
Others
37.6
44.4
47.5
Automobile related total
3,042.7
3,911.1
3,488.9
Industrial/staple products
52.8
58.5
65.6
Others
47.1
55.4
55.1
New business segment total
99.9
113.9
120.7
Grand total
3,142.6
4,025.0
3,609.7
 Financial Data
 
 
 Consolidated
 Financial Data
(Year ended Mar. 31)
FY2004
FY2005
FY2006
FY2007
FY2008
Sales (million yen)
2,799,949
3,188,330
3,609,700
4,025,076
3,142,665
Income from ordinary business activities (million yen)
224,760
283,054
322,128
368,308
(35,327)
Current net profit before tax (million JPY)
223,446
271,854
319,711
364,829
(99,283)
Net income (million yen)
132,620
169,648
205,170
244,417
(84,085)
Net assets (million yen)
1,643,182
1,970,388
2,286,956
2,282,677
1,900,719
Total assets (million yen)
2,780,982
3,411,975
3,765,135
3,643,418
3,018,438
Book value per share (yen)
1,990.48
2,384.05
2,668.82
2,658.06
2,220.89
EPS (yen)
159.02
204.80
249.88
299.96
(104.13)
Diluted EPS (yen)
158.96
204.62
249.56
299.7
-
Net asset ratio(%)
59.09
57.75
57.73
59.29
59.29
ROE(%)
8.41
9.39
9.90
11.28
(4.26)
PER
16.79
22.71
17.53
10.73
-
Cash Flow from operating activity (million yen)
273,926
368,575
406,543
572,663
209,915
Cash flow from investment activity (million yen)
(268,782)
(318,934)
(312,903)
(363,749)
(234,306)
Cash flow from financial activity (million yen)
(20,097)
25,460
(79,912)
(121,887)
90,326
Balance at the term-end of cash and cash equivalents (million yen)
231,846
313,611
337,003
408,675
450,490
Number of employees
104,183
105,723
112,262
118,853
119,919
 Non Consolidated
 Financial Data
(Year ended Mar. 31)
FY2004
FY2005
FY2006
FY2007
FY2008
Sales (million yen)
1,862,055
2,057,045
2,292,906
2,478,029
1,939,832
Income from ordinary business activities (million yen)
159,005
184,896
202,144
186,201
(65,088)
Net Income before Taxes (million yen)
157,166
184,560
197,351
183,543
(131,191)
Net income (million yen)
107,956
130,701
137,892
131,202
(92,696)
Paid-in Capital (million yen)
187,457
187,457
187,457
187,457
187,457
Number of stock outstanding(1000)
884,069
884,069
884,069
884,069
884,069
Net assets (million yen)
1,423,382
1,670,229
1,777,217
1,712,617
1,419,175
Total assets (million yen)
2,233,844
2,698,701
2,913,153
2,782,567
2,338,720
Book value per share (yen)
1,724.33
2,020.98
2,181.56
2,105.88
1,758.72
Dividend per share (yen)
32.00
38.00
45.00
54.00
40.00
EPS (yen)
129.61
157.91
167.94
161.01
(114.79)
Diluted EPS (yen)
129.55
157.77
167.72
160.87
-
Net asset ratio(%)
63.72
61.89
61.00
61.51
60.60
ROE(%)
7.84
8.45
8.00
7.52
(5.93)
PER
20.60
29.45
26.08
20.00
-
Payout ratio(%)
24.69
24.06
26.80
33.54
-
Number of employees
33,310
33,621
34,090
35,557
36,768

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