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Modular Mining Systems’ Collision Awareness System to Feature DENSO’s Passive Safety & Connected Vehicle Technologies for Advanced Risk Mitigation in Mines

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Modular Mining Systems’ Collision Awareness System to Feature DENSO’s Passive Safety & Connected Vehicle Technologies for Advanced Risk Mitigation in Mines
Tucson, Arizona – June 26, 2017: Modular Mining Systems, Inc., the global leader in real-time mine management solutions, today announced its fourth-generation Collision Awareness System (CAS) to feature key technologies from DENSO. The system combines DENSO’s industry-leading, standards-based vehicle-to-vehicle (V2V) passive safety and connected vehicle technologies with its own software and hardware, enabling the CAS to help increase situational awareness and mitigate collision risk in a mine.

Established in 1949, DENSO is recognized as one of the world’s largest Tier 1 suppliers of advanced automotive technology, systems and components. The Collision Awareness System leverages DENSO’s proven technologies to provide 360-degree situational awareness. Audible and visual alerts warn operators of potential collisions with other CAS-enabled equipment, while complex algorithms perform real-time risk assessment calculations to minimize nuisance alarms.

“Our relationship with DENSO underscores our commitment to bringing the best-of-breed solutions to our customers and takes collision awareness technology in the mining industry to new heights,” said Lucas van Latum, Director, Product Strategy at Modular. “Our approach to collision awareness is built upon 15 years’ worth of standards, technologies, and algorithms developed and tested for the automotive market, which we’ve tailored and extended to meet the needs of the mining industry,” he added.

As part of the collaboration, Modular is able to leverage DENSO’s many years of automotive safety and connected vehicle technology R&D, extensive automotive industry expertise, and rigorous governmental safety testing and qualifications. The system works in several standard license-free frequencies, as well as the licensed 5.9GHz dedicated short-range communications (DSRC) frequency spectrum, which prioritizes safety over non-safety applications, and is designed to perform in extreme weather conditions including rain, fog, snow, and heat. Modular and its customers will also benefit from DENSO’s future product enhancements and innovations as automotive safety technologies evolve.

“Combining Modular’s leading solutions with DENSO’s V2V technology, including dedicated short range communications (DSRC), will put the latest advances from global intelligent transportation systems into mines,” said Roger Berg, Vice President, North America Research and Development. “The applications for V2V technology extend far beyond automotive, and we are confident our collaboration with Modular will significantly improve the mining environment and contribute to overall safety in mines.”

Modular’s Collision Awareness System will be showcased at this year’s Mining Indonesia Expo from September 13-16 in Jakarta, Indonesia; at Exposibram 2017 from September 18-21 in Belo Horizonte, Brazil; and at Expomineria from October 25-28 in Guadalajara, Mexico.

About DENSO in North America
DENSO, headquartered in Kariy, Japan, is a leading global automotive supplier of advanced technology, systems and components the areas of thermal, powertrain control, electronics and information and safety. In North America, DENSO employs more than 23,000 people at 30 consolidated companies and affiliates. Of these, 25 are manufacturing facilities located in the United States, Canada and Mexico. In the United States alone, DENSO employs more than 15,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Pennsylvania, Texas, Alabama and Arkansas. DENSO’s North American consolidated sales totalled US$9.9 billion for the fiscal year ending March 31, 2016. For more information, go to www.densocorp-na.com.

About Modular Mining Systems, Inc.
Founded in 1979, Modular Mining Systems, Inc. is the market-leading provider of powerful information management solutions that meet the needs of both surface and underground mining operations worldwide. Modular is committed to delivering state-of-the-art mine management technologies in the areas of production, machine guidance, equipment health, and operator safety. Modular employs over 700 employees in 10 globally-distributed offices, with systems deployed at 250 mine sites, including 18 of the 20 largest mines in the world. For more information, visit http://www.modularmining.com/.

DENSO Awards Battle Creek Student Scholarships

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BATTLE CREEK, Mich., 2017 ― Leading global automotive supplier DENSO has renewed its commitment to support and provide educational opportunities for the communities it serves in West Michigan. DENSO Manufacturing Michigan (DMMI) in Battle Creek, the city’s largest employer and one of the top automotive thermal systems and component producers, today awarded scholarships to four outstanding students through partnerships with the Battle Creek Community Foundation (BCCF) and the Battle Creek Area Math and Science Center (BCAMSC).

Scholarship resources come from the DMMI Scholarship Fund, which DENSO established in 1997 to assist children of employees with the rising cost of higher education.

“Ensuring our associates and their families have resources to develop tools to succeed is a core value at DENSO,” said Andris Staltmanis, president, DENSO Manufacturing Michigan. “Our scholarship fund allows us to extend beyond the work day and provide opportunities for our family members to flourish.”

The 2017 BCCF scholarship recipients are Jayson Butler and Calder Lachance of Lakeview High School and Ian Mullis of Saint Philip Catholic Central High School. Butler plans to attend Michigan State University and major in chemistry this fall. Lachance will study political science at the University of Michigan and Mullis will begin engineering studies at Kellogg Community College. A selection committee from the BCCF chooses winners based on student activities and work experience.

The BCAMSC scholarship promotes math and science education and excellence, recognizing outstanding graduates with financial assistance for college expenses. Staff at the BCAMSC selects two outstanding students for the scholarship each year. Lachance and Ana Singh, also of Lakeview High School, received this year’s scholarships. Singh will attend Calvin College to study biology and Spanish.

“The education you’ve received at the Math and Science Center has given you an excellent start,” said Brenda Dredge, director of new product introduction, DENSO Manufacturing Michigan, in a speech to students at the BCAMSC. “We are fortunate to have the Math and Science Center in our community, and we are proud to help you as you start your college studies and this next phase of your lives.”

About DENSO in Battle Creek
DENSO Manufacturing Michigan, Inc. (DMMI) is the lead production facility for DENSO’s Thermal Systems North American Center (TAC), manufacturing automotive air conditioning and engine cooling components and systems, including condensers, radiators, CRFMs (condenser, radiator, and fan modules), heater cores, evaporators and HVAC units. Founded in 1986 as DENSO’s first manufacturing facility in the United States, the DMMI campus in Battle Creek includes more than 1,380,000 square feet of manufacturing, warehouse and administrative floor space in 6 buildings on over 100 acres of land. DMMI is the largest employer in Battle Creek.

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, 2017. For more information, go to www.denso.com/us-ca/en. Connect with DENSO on Facebook at www.facebook.com/DENSOinNorthAmerica.

DENSO Worldwide
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 8.8 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.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/
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DENSO’s Athens and Maryville locations Recognized by the Tennessee Department of Environment & Conservation

Press Releases

SOUTHFIELD, Mich.– The Tennessee Department of Environment and Conservation (TGSP) has recognized DENSO’s Athens and Maryville locations for outstanding environmental conservation and vision for creating a sustainable automotive society. A recent article from the Tennessee Green Star Partnership highlighted key environmental initiatives at each facility, including DENSO’s EcoParks and continued focus on recycling, energy management, and diverting waste material from landfills.

“Protecting the environment in which we work and engaging our community in a dialogue about environmental conservation are pillars of our business,” said Jack Helmboldt, President, DENSO Manufacturing Tennessee. “We pride ourselves on thinking of new ways to achieve sustainability and engage the community with hands-on learning opportunities that drive measurable impact.”

The article noted several environmental achievements at both Athens and Maryville:

  • Athens successfully diverted 98 percent of waste material (about 3,868 tons) from the landfill, amounting to 7.7 million pounds of recyclable material; Maryville reduced landfill material from 2,928 tons in 2000 to 9 tons in 2016
  • Athens implemented new pollution control technology to create a supplementary energy source and reduce overall CO2 emissions
  • Maryville implemented an “ice plant system” in its HVAC units, reducing the cost of cooling by about 40 percent, as well as reducing maintenance and downtime, and eliminating ozone depleting refrigerants
  • Both facilities engaged local communities at outdoor EcoParks around topics like recycling, litter prevention, pollution, and composting

TGSP also recognized how each facility’s environmental efforts align with DENSO’s worldwide Eco-Vision initiative. Eco-Vision provides local facilities with a blueprint to achieve a sustainable automotive society, and the decisions to implement non-traditional methods and technologies to improve energy efficiency and waste diversion enable teams to deliver on that promise, according to the article. DENSO’s ECO VISION policy, which was first launched in 1997, has been in place for nearly 20 years.

These recognitions build on DENSO’s history of environmental accolades in Tennessee. The TGSP has recognized the Athens and Maryville teams as Green Star Partners since 2002. TGSP Green Star Partners demonstrate commitment to continuously improve sustainability practices across their operations.

 

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 17,000 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$9.6 billion for the fiscal year ending March 31, 2017. For more information, go to www.denso.com/us-ca/en. Connect with DENSO on Facebook at www.facebook.com/DENSOinNorthAmerica

DENSO Worldwide

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 8.8 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.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/

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DENSO Foundation’s 2017 Grants Support Hands-On Education at 22 Institutions Across North America

Press Releases

SOUTHFIELD, Mich. – Supporting the communities DENSO serves and providing resources for the next generation of technical workers to succeed are core to DENSO’s success. To fulfill these promises, DENSO’s philanthropic arm – the DENSO North America Foundation (DNAF) – funds programs across the continent each year providing hands-on learning opportunities in areas from robotics and thermodynamics to design and materials development.

On May 22, the DNAF board confirmed its 2017 college and university grants: nearly $1 million in overall funding for 22 institutions and educational programs across North America.

“Innovation throughout the manufacturing industry will continue to produce more growth opportunities for students in skilled trades and technical fields,” said Doug Patton, president of the DENSO North America Foundation and executive vice president of Engineering at DENSO International America, Inc. “Companies will lean on this young workforce for years to come, and in order to succeed we need to empower students by giving a better sense for what they’ll experience in the workplace.”

“The automotive industry relies more and more on those with expertise in fields like robotics and electrical engineering and mechanical engineering,” said David Cole, DENSO North American Foundation board member. “Supporting STEM education enables DENSO to develop the next generation of talent needed to fill these roles. It also helps students find ways to translate their passion and skills into opportunity after graduation.”

Since 2001, the DNAF has advanced the auto industry through grants to colleges and universities, providing students with technology, tools, and experiences similar to that of the professional workplace they’ll experience after graduation. The proposal process for these education grants is invite only, and all proposals are evaluated based on technical merit, student experience, and alignment with industry needs.

This year’s grant recipients include:

  • Arkansas Northeastern College
  • Arkansas State University
  • California State University- Long Beach
  • Cleveland State Community College
  • CONALEP Technical College
  • Conestoga College
  • East Tennessee State University
  • FIME – Mechanical and Electrical Engineer College
  • Kettering University
  • Lawrence Technological University
  • Michigan State University
  • Michigan Technological University
  • North Carolina State University
  • Northeast State Community College
  • Oakland University
  • Tennessee Technological University
  • Trine University
  • University of Guelph
  • University of Kentucky
  • University of Tennessee – Chattanooga
  • University of Tennessee – Knoxville
  • Western Michigan University


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.

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 17,000 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$9.6 billion for the fiscal year ending March 31, 2017. For more information, go to www.denso.com/us-ca/en. Connect with DENSO on Facebook at www.facebook.com/DENSOinNorthAmerica

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

Press Releases

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.

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DENSO to Expand its Fukushima, Japan location as Part of Efforts to Enhance the DENSO Group Production System

Press Releases

KARIYA (Japan) ― DENSO Corporation today announced that it will build an additional plant at its DENSO Fukushima location in Tamura city, Fukushima Prefecture, Japan, to diversity its manufacturing lineup to include powertrain components, which will enhance the competitiveness of the group’s production system Japan. The company will invest about US$135 million (approx. 15 billion yen) by 2023 to build the new plant and expand production. The project will start in August 2017 and will be completed in July 2018. Production will begin in October 2018 in stages. The number of employees required will increase to around 600 by 2023.

DENSO Fukushima currently manufactures automotive thermal systems, including air conditioning systems and engine cooling modules (ECMs). The new plant will manufacture fuel pumps and injectors for gasoline engine fuel systems. Furthermore, this expansion aims to serve as a DENSO Group production base in eastern Japan, and will improve its capability to meet customer needs and contribute to the development of the local community.

Profile of DENSO Fukushima Corporation

1. Name : DENSO Fukushima Corporation
2. Establishment : April 2008
3. Location : Western Tamura Industrial Park, 26 Koyodai, Funehiki-machi, Tamura, Fukushima Prefecture
4. Capital : Approx. US$14 million (1.6 billion yen)
5. Ownership : 100% owned by DENSO Corporation
6. President : Masatoshi Iwase
7. Employees : 306 (as of April 2017)
About 600 (projected for FY2023)
8. Business description : Manufacturing automotive air conditioning systems, engine cooling modules, etc.
9. Site area : About 237,000 m2
10. Total floor area : About 32,100 m2 (before expansion)
About 56,100 m2 (after expansion)

* Exchange rate used is 111.3 yen to the US one dollar, at the end of April for convenience only.

DENSO Arkansas Receives Four Million Man Hour Safety Award

Press Releases

SOUTHFIELD, Mich. – DENSO’s manufacturing facility in Osceola, Arkansas received a prestigious Four Million Man Hour Safety Award recognizing more than four million employee hours worked without a lost day due to workplace injury or illness. The Arkansas Department of Labor, the Arkansas Insurance Department, and the Arkansas Workers Compensation Commission presented the award during a ceremony at the Osceola facility on April 27, 2017.

DENSO Arkansas’ employee and management safety committee implemented a comprehensive safety program to establish consistent benchmarks for safe working conditions. The award recognizes the facility’s 550 employees for demonstrating the highest levels of workplace safety practices, including more than four million hours of work without an accident, injury, or illness between June 15, 2013 and January 31, 2017.

“Safety is at the core of everything we do at DENSO, and that includes making sure we adhere to the highest safety standards in our own workspace,” said George Harguess, President, DENSO Arkansas. “This is yet another testament to DENSO’s commitment to investing in our employee’s safety every single day.”

The Arkansas Department of Labor, the Arkansas Insurance Department, and the Arkansas Workers’ Compensation Commission present this award to Arkansas companies excelling in on-the-job safety.

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

DENSO Worldwide

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 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.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/

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

Press Releases

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.

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DENSO Announces Year-end Financial Results

Press Releases

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.

DENSO and IBIDEN to Collaborate on Developing Powertrains

Press Releases

KARIYA (Japan) ― Global automotive supplier DENSO Corporation and electronics and ceramics company IBIDEN Co., Ltd. have today formed a capital and business alliance to jointly develop the next-generation vehicle exhaust system. This collaboration will combine IBIDEN’s advantages in high-performance ceramic materials with DENSO’s advantages in developing products as systems to synergistically develop high-performance yet simple and low-cost vehicle exhaust systems. DENSO will acquire the treasury stock of IBIDEN through a third-party allocation. In addition, to respond to an increasingly diverse range of powertrains, DENSO and IBIDEN will consider collaboration in the area of vehicle electrification to make vehicle electrification more efficient.

As international regulations on vehicle exhaust emissions become more strict, internal combustion engines must be more efficient and the exhaust systems improved. This capital and business alliance will enable the two companies to pool their accumulated technological strengths to speed up the development of high-performance vehicle exhaust systems for internal combustion engines, including gasoline, diesel, hybrid, and plug-in hybrid engines.

DENSO has developed and provided systems components to better control the intake, power, and exhaust events in the operating cycle of gasoline and diesel engines. Meanwhile, IBIDEN has focused on its ceramic business and developed high-performance ceramic materials, such as for diesel particulate filters (DPF), for the exhaust system of diesel engines.

The two companies will develop eco-friendly products that improve fuel efficiency and reduce exhaust emissions, thus helping to preserve the global environment.

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 (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 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.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/

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 IBIDEN Co., LTD.

IBIDEN Co., Ltd. is a Japanese company with more than 100 years history. The IBIDEN Group consists of 37 subsidiaries and 3 affiliates. IBIDEN Group is managing businesses centering around electronics and ceramics. In the electronics business, the company designs and manufactures plastic packages and printed-wiring boards that are used for personal computers and smart phones as well as contributing to the development of telecommunication equipment which the world is expecting. In the ceramics business, IBIDEN produces Diesel Particulate Filters (DPF) that purifies the exhaust gas of diesel cars, and also produces graphite specialty products used for semiconductor and solar cell manufacturing devices. IBIDEN designs and manufactures the products that reduce the global-environmental load with long-established ceramic technologies. For more information, visit their website www.ibiden.com

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