DENSO Teams Up with Safe Driving Experts to Help Reduce Auto Crashes in Communities throughout North America

SOUTHFIELD, Mich. – Global automotive supplier DENSO and its more than 23,000 employees in North America will mark the company’s Global Safety Month in May with a pair of new driving safety partnerships. Non-profits Safe Kids Worldwide and B.R.A.K.E.S. will help identify and engage DENSO employees across the U.S. and Canada as local driving safety advocates. Both organizations will join NHRA driver Clay Millican for a mobile road show touring DENSO facilities throughout the year, starting with DENSO’s Battle Creek and Southfield, Michigan locations later this week.

The partnerships underscore DENSO’s work to both craft the latest vehicle safety technology and educate drivers about how to use it to reduce auto accidents. DENSO will donate a total of $225,000 to the two organizations as part of the partnerships.

“Crafting automotive technology that helps save lives is at the core of what we do, but we also need to make sure drivers have the knowledge to take advantage,” said Robert Townsend, director of External Affairs at DENSO’s North American Regional Headquarters in Southfield, Michigan. “Safety needs to start at the local level, and these partnerships will empower our employees to engage their communities in meaningful dialogue about driving risks and safe behaviors.”

Safe Kids has nearly 30 years of experience educating communities about child safety on the road. The organization will develop comprehensive road safety toolkits for DENSO employees, providing the resources to become local road safety advocates. B.R.A.K.E.S. (Be Responsible and Keep Everyone Safe) provides free hands-on driving education for teens and their parents. Both organizations will participate in the road show, showcasing their work and recruiting employees to deliver important safety messages in communities where DENSO employees live and work. DENSO will provide financial support for the B.R.A.K.E.S. Teen Pro-Active Driving School to host trainings in the communities where it operates. To date, B.R.A.K.E.S. has trained more than 25,000 new drivers across the country.

NHRA driver Clay Millican and his DENSO-sponsored Top Fuel dragster will also provide an interactive experience for employees at each road show stop. Clay, a passionate driving safety advocate, will engage with employees and showcase his dragster’s safety features, after which employees can take a seat in DENSO’s Future of Mobility virtual reality experience.

About DENSO in North America

DENSO is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. With its North American headquarters located in Southfield, Michigan, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates across the North American region. Of these, 28 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in Alabama, Arkansas, California, Iowa, Georgia, Kentucky, Michigan, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Texas. DENSO’s North American consolidated sales totaled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com. Connect with DENSO on Facebook at www.facebook.com/DENSOinNorthAmerica

About Safe Kids Worldwide

Safe Kids Worldwide is a nonprofit organization working to protect kids on the road, at home and at play. Preventable injuries are the number one cause of death for children in the United States. Throughout the world, almost one million children die of an injury each year, and almost every one of these tragedies is preventable. Safe Kids works with an extensive network of more than 400 coalitions in the U.S. and with partners in more than 30 countries to reduce traffic injuries, drownings, falls, burns, poisonings and more. Since 1988, Safe Kids has helped reduce the U.S. childhood death rate from unintentional injury by 60 percent. Working together, we can do much more to protect kids. Join our effort at safekids.org.

About B.R.A.K.E.S.

In 2008, multi-time top fuel drag racing champion Doug Herbert suffered every parent’s worst nightmare – the loss of his two sons, Jon age 17 and James age 12, in a car crash. In response to this tragedy and the realization that car crashes are the number-one cause of death among teens in America, Herbert created the 501 (c)(3) non-profit B.R.A.K.E.S. (Be Responsible And Keep Everyone Safe) Teen Pro-Active Driving School. In the past eight years, more than 25,000 teens from 43 states and three countries have graduated from B.R.A.K.E.S.’ intensive half-day training course, which is free of charge and features hands-on skills exercises taught by professional instructors in a fleet of new vehicles donated by Kia Motors America. The course maintains a low three-to-one student-to-instructor ratio and requires at least one parent to attend with each teen. According to a recent study, B.R.A.K.E.S. graduates are 64 percent less likely to be in a crash in their first three years of driving. For more information or to register for a school, visit www.putonthebrakes.org.

# # #

DENSO and Toshiba to Collaborate on IoT-based Manufacturing, Advanced Driver Assistance, Automated Driving, and Others

KARIYA, TOKYO (Japan) – DENSO Corporation and Toshiba Corporation today announced that the two companies have begun talks to enhance collaborations in the fields of Internet of Things (IoT)-based manufacturing, advanced driver assistance, automated driving, and others.

The collaborations aim to combine DENSO’s high level of technology and manufacturing capability accumulated through its experience in the automotive market and Toshiba’s image recognition, IoT, artificial intelligence (AI), and software development technologies, in order to increase the competitiveness to make it through the paradigm shift that is taking place in the automotive industry.

In the fields of advanced driver assistance and automated driving, DENSO and Toshiba have jointly developed AI technologies used in image recognition systems. Moreover, the two companies have worked together in a wide range of areas including the development of automotive lithium-ion battery packs and software for ECUs used in automotive components.

DENSO and Toshiba will collaborate more closely in fields where they can share their visions and speed up the development of technology.

# # #

DENSO Announces Year-end Financial Results

DENSO Corporation today announced its global financial results for the fiscal year ending March 31, 2017:

  • Consolidated revenue totaled 4,527.1 billion yen (US$40.4 billion), a 0.1 percent increase from the previous year.
  • Consolidated operating profit totaled 330.6 billion yen (US$2.9 billion), an 4.7 percent increase from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 257.6 billion yen (US$2.3 billion), a 5.5 percent increase from the previous year.

“Despite the appreciation of the yen, DENSO’s revenue increased due to production volume increase and sales expansion. Despite the appreciation of the yen, operating profit increased due to the production volume, cost reduction efforts and improved other income /expenses.” said Koji Arima, president and CEO of DENSO Corporation.

In Japan, the production volume increase led to an increase in revenue to 2,686.0 billion yen (US$23.9 billion), a 1.5 percent increase from the previous year. Despite the production volume increase and cost reduction effort, the impact of the exchange rate of export sales led to an operating profit of 130.2 billion yen (US$1.2 billion), a 15.8 percent decrease from the previous year.

In North America, despite an increase in car production and sales expansion, boosted by the steady economic growth, impact of exchange rate led to a decrease in revenue to 1,077.2 billion yen (US$9.6 billion), a 3.2 percent decrease from the previous year. As a result of the increase in production volume, the operating profit totaled 60.0 billion yen (US$534.4 million), a 25.7 percent increase from the previous year.

In Europe, despite car production increase and sales expansion due to the recovery of the market, impact of exchange rate led to a decrease in revenue to 577.3 billion yen (US$5.1 billion), a 2.7 percent decrease from the previous year. As a result of the increase in production volume, the operating profit totaled to 20.2 billion yen (US$179.8 million), a 39.9 percent increase from the previous year.

In Asia, despite the increase of car production and sales expansion, impact of exchange rate resulted in a revenue decrease of 1,139.3 billion yen (US$10.2 billion), an 1.9 percent decrease from the previous year. As a result of the increase in production volume, the operating profit totaled 112.7 billion yen (US$1.0 billion), a 16.7 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 65.8 billion yen (US$586.6 million), a 10.6 percent increase from the previous year. The operating profit totaled 6.9 billion yen (US$61.4 million).

“For the new fiscal year, revenue will increase due to the increase of car production and sales expansion, despite the increase of car production and sales expansion , the operating profit will decrease due to impact of the other income /expenses. ” said Arima.

(Foreign exchange rates used for the full-year are: US$= 110 yen, Euro= 115 yen)

Forecast for Fiscal Year Ending March 31, 2018

Full-Year Forecast Changes from Previous FY
Revenue 4,610.0 billion yen
[US$41.1 billion]
82.9 billion yen
(1.8 percent)
Operating profit 327.0 billion yen
[US$2.9 billion]
-3.6 billion yen
(-1.1 percent)
Profit before income taxes 360.0 billion yen
[US$3.2 billion]
-0.9 billion yen
(-0.2 percent)
Profit attributable to owners of the parent company 260.0 billion yen
[US$2.3 billion]
2.4 billion yen
(0.9 percent)

(Notes)

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

U.S. dollar amounts have been translated, for convenience only, at the rate of 112.19 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market March 31, 2017. Billion is used in the American sense of one thousand million.

View More

ATX East

Jacob Javits Convention Center
New York, NY

PAACE

BanaMex, N/A

Latin Auto Parts Expo

ATLAPA Convention Center
Panama, N/A

RetailNow 2017

Paris Hotel
Las Vegas, NV
View More

Recently Shared

Search

Press Kits

2017 SAE 2017 Heavy Duty Aftermarket Week 2017 NAIAS 2017 CES View Archives

Reports

2016 Annual Report 2015 Annual Report View Archives

Videos

DENSO MDrive Electric Vehicle Car Sharing

2017 DENSO CES Recap

View Archives

Photos

View Archives