News

DENSO’s MDrive car share study reveals promise for electric car sharing

Press Releases

SOUTHFIELD, Mich. – Electric vehicle car sharing could be the future of transportation for some: today, DENSO International America, Inc., a global automotive supplier, announced the results of MDrive, the first study to focus on car sharing for people who live, work or frequent one location. In partnership with the University of Michigan-Dearborn and Detroit-based NextEnergy, an energy and technology accelerator, the study identified the potential impact electric vehicle car sharing could have on the future of mobility, personal transportation, and vehicle design.

The study involved 30 University of Michigan-Dearborn students living at The Union at Dearborn, who shared three Ford Focus Electric vehicles for a six-month period. The students used a custom app to reserve, access, share, and drive the vehicles anywhere within the continental United States, in exchange for their detailed feedback on the experience. Onboard diagnostics equipment gathered real-time data, while dashboard cameras captured video of the user experience. Students also provided feedback and suggestions for technologies most needed in future car share vehicles via short surveys and online forums. DENSO researchers then identified common benefits and challenges experienced by users to inform design of future car sharing technologies.

“Our study reinforced the idea that Electric Vehicle Car Sharing is an increasingly viable personal transportation alternative, and groups who share common interests stand to benefit the most,” said Michael Bima, a lead engineer in the North American Research and Engineering Center at DENSO International America. “For car sharing to reach its full potential, manufacturers and car share service providers need to address the efficiency and convenience for the end user– drivers should be able to quickly and easily access the vehicle, adjust their settings, and be on their way. Vehicle range and charging become areas of focus when you add electric vehicles, as well.”

DENSO will present the study results at the Society of Automotive Engineers’ World Congress Experience 17. In addition to showcasing one of the study’s cars in DENSO’s booth (#3002), participants including Matt Felice – a new DENSO employee who drove to his interview using the shared vehicle – will be on-hand to discuss the experience.

“Mobility continues to change and reshape the automotive industry,” said Pat Bassett, vice president of engineering and research at DENSO International America. “While there’s a lot of excitement about new technology in the space, we recognize the importance of getting it right in addition to getting it done quickly. To DENSO, that means hiring the best engineers, and sharing knowledge with other leaders in the space. MDrive is exactly the type of research we need to bring us into a new era of mobility in a safe, smart way.”

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/

# # #

DENSO Recruiting at SAE WCX17 for Key Engineering and Mobility Roles

Press Releases

SOUTHFIELD, Mich. – Global automotive supplier DENSO is continuing to recruit for key engineering and mobility roles for experienced and entry-level talent at the Society of Automotive Engineers (SAE) World Congress Experience 17 (WCX17), April 4-6 at Cobo Center in Detroit. DENSO, Tier One Supplier Partner of the show, is participating in WCX Career Central in booth# CF4, which runs throughout the show. DENSO successfully met and surpassed some of its hiring goals at the company’s onsite recruiting center at the North American International Auto Show (NAIAS) in January.

Attendees looking for their next career move will have the opportunity to talk with DENSO recruiters and hiring managers at its booth in WCX17 Career Central, along with DENSO’s main booth #3002. DENSO will recruit for experienced and entry-level engineering talent for its North American operations in the U.S. and Canada.

“We are in growth mode and taking advantage of an ideal opportunity to recruit diverse and innovative new employees who can help DENSO drive the future of mobility and the automotive industry, said Stacy Gallucci SPHR, senior manager, North America Talent Acquisition, DENSO International America. “With DENSO’s changing product mix and goal to move deeper into advanced 21st-century safety systems and autonomous-drive technologies, we need specialized talent with new engineering skills.”

While recruiting at WCX17, DENSO seeks to fill important engineering and mobility roles, including an engineering manager and experts in cyber security, HMI, computer vision, and computer and software engineering. DENSO also has roles to fill for mechanical engineers, electrical engineers, and software and computer engineers, as well as co-op engineering students. Over the past several years, DENSO has filled more than 400 professional positions a year. DENSO currently has more than 100 open positions to fill in these areas.

DENSO Mentors 
DENSO is also participating in the WCX17 University Program on April 4 to 6. Students from local universities will be paired with engineer mentors from DENSO and Ford Motor Company to expose them to careers in technology.

“DENSO’s future and the future of mobility comes from new engineering graduates,” said Doug Patton, executive vice president, Engineering and chief technical officer, DENSO International America (DIAM) and SAE International president. “One of DENSO’s top priorities is to have a strong co-op program so students can gain the experience they need to be sought after candidates for entry-level positions once they graduate. We’ve had great success in training future DENSO employees with our co-op program. This will also help DENSO navigate the shortage of engineers in the Detroit area.”

DENSO is dedicated to investing in its employees and creating a rewarding, stable and collaborative work environment. The company offers competitive pay, a high level of benefits with low premiums, and training and development.

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 to Build a New Plant at DENSO Iwate 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 to expand production to include instrument clusters at the DENSO Iwate plant in Kanegasaki-cho, Iwate Prefecture, to enhance the competitiveness of the group’s production system in Japan.

DENSO Corporation will invest approximately US$88 million (approx. 10 billion yen) and the number of employees required will increase to around 1,000 by 2020. Construction will start in October 2017 and will be completed in October 2018. Production will begin in May 2019 and increase in stages.

DENSO Iwate currently manufactures semiconductor wafers, and will start production of semiconductor sensors in June 2017. DENSO Iwate will expand its production lineup from semiconductor wafers to electronics products, and will improve its capability to meet customer needs and also contribute to the development of the local community.

Profile of DENSO Iwate Corporation

1. Name : DENSO Iwate Corporation

2. Establishment

: October 1, 2012

3. Location

: 4-2 Nishinemoriyama, Kanegasaki-cho, Isawa-gun, Iwate Prefecture

4. Capital

: Approx. US$21 million (2.35 billion yen)

5. Ownership

: 100% owned by DENSO Corporation

6. President

: Shuichi Ito

7. Employees

: 616 (as of the end of February 2017)
About 1,000 (projected for FY 2020)

8. Business description

: Manufacturing and selling semiconductor wafers and sensors

9. Site area

: About 290,000 m2

10. Total floor area

: About 106,000 m2 (before expansion)
About 126,000 m2 (after expansion)

* Exchange rate used is 113 yen to the US one dollar, at the end of February for convenience only.

A new plant at DENSO Iwata

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/

# # #

DENSO Increases Participation at SAE WCX17 as Tier One Supplier Partner

Press Releases

SOUTHFIELD, Mich. – Global automotive supplier DENSO is increasing its support of SAE International’s WCX 17: World Congress Experience, April 4-6 at Cobo Center in Detroit as Tier One Supplier Partner of the show, Booth #3002. 2017 marks the 17th consecutive year that DENSO has sponsored this event and the higher level of support will be hard to miss. DENSO will present 46 papers, three Learning Lab TedX style speakers, two Leadership Summit talks and sponsor the Women’s Reception.

“As Tier One Supplier Partner, DENSO provided strategic direction in the development of the SAE World Congress Experience from the supply chain perspective,” said Doug Patton, executive vice president, Engineering, and chief technology officer, DENSO International America, and 2017 SAE International president. “DENSO is proud of the exciting changes we’ve helped to make with this event, along with our OEM partner Ford Motor Company.”

DENSO’s WCX Participation

DENSO Unveils MDrive Electric Vehicle (EV) Car Share Study Results
DENSO will announce the results of the MDrive EV Car Share Study, which studied the benefits and challenges of developing an electric vehicle specifically for sharing, designed around a central location and set pool of users. The results will define key opportunity areas for car sharing and electric vehicles and the role they will both play in the future of mobility systems.

DENSO Recruits at the WCX17 Career Central, Booth #CF4
DENSO will continue to recruit for experienced and entry-level engineering and mobility roles in cyber security, HMI, computer vision, mechanical engineering, electrical engineering, and software and computer engineering, as well as co-op engineering students for its North American operations in the U.S. and Canada. DENSO is also pairing up students from local universities with engineer mentors from DENSO and Ford Motor Company to expose them to careers in technology in the University Program on April 4.

DENSO Sponsors Women’s Reception  
Tues., April 4, 5 p.m.: WCX participants are welcome to attend a structured networking and reception event in the Exchange, Exhibit Hall.

DENSO Speaking engagements –

WCX17 Learning Lab

  • Wed., April 5, noon: Rob Brinker, director, Thermal Engineering R&D, DENSO International America, Inc. – Climate Control Impact to Battery Range
  • Wed., April 5, 2:30 p.m.: Mike Bima, lead engineer, DENSO North American Research and Engineering Center, DENSO International America, Inc. – MDrive Car Sharing Project
  • Thurs., April 6, 1:30 p.m.: Doua Vang, senior manager, Elevate Lab, DENSO International America, Inc. – HMI

DENSO Leadership Summit participation

  • Wed., April 5, 8 a.m.: Patton, moderator for Keynote Presentation by Yu Kai, CATARC, president, China’s Automotive Industry Development & Sustainable Innovation
  • Wed., April 5, 10:15 a.m.: Patrick F. Bassett, vice president North American Research and Engineering Center, DENSO International America Inc., panelist in Vehicles as a Shared Economy and the Effects of Automated Technology
  • Thurs., April 6, 11:45 a.m.: Patton, moderator, CTO Roundtable – Automotive Industry Chief Technologists review the issues, ideas, and conclusions discussed during the week and share their personal insights into how it specifically impacts their business

Women’s Program

  • Wed., April 6 from 11:30 a.m.: Stacy Gallucci, SPHR, senior manager of Talent Acquisition of DENSO North America, panelist on Organic Diversity: How Inclusion Can Help You, Your Team and Company Grow.

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/

# # #

DENSO Employees Raise $25,000 for Gatlinburg Relief Efforts

Press Releases

MARYVILLE, Tenn. – Employees from DENSO’s Maryville and Athens, Tennessee manufacturing facilities have been teaming up over the last few months to raise money for the wildfire relief efforts in Gatlinburg, Tenn. The two locations initiated a “Smokies Strong” T-shirt fundraising campaign, through which they raised $25,000.

The money raised is being split among two organizations, Friends of the Smokies and The Gatlinburg Wildfire Relief Fund. The checks were presented by DENSO Employees on Wednesday.

“The Gatlinburg wildfires were truly devastating to all of us here in East Tennessee. We are very proud of our employees for coming together to help our neighbors who were affected by this disaster,” said Mike Brackett, Senior Vice President at DENSO.

DENSO Employee Victoria Fry had family working in Gatlinburg when the wildfire evacuations began. “My daughter works for WestGate Properties and was onsite that day,” she said. “We are so thankful that she was able to get out unharmed. I purchased a ‘Smokies Strong’ shirt at DENSO to support ‘my people’ as Dolly Parton calls them – after all, the people of Sevier County are my people and these mountains are my home, too. My husband and I are honored to be a part of the DENSO team and so proud of everyone who came together to make this donation possible.”

Employees from DENSO also volunteered with the American Red Cross and Volunteer East TN to help with wildfire and tornado clean-up efforts.

In addition to the money raised by employees, the DENSO North America Foundation (DNAF) made a $25,000 contribution to the American Red Cross disaster fund to help respond to the Gatlinburg, Tenn. wildfires, the Athens, Tenn. tornado, and Greenville, N.C. flooding.

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. 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. 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/

# # #

DENSO Announces New Management Structure and Management Changes

Press ReleasesSenior Management Announcement

KARIYA (Japan) DENSO Corporation today announced its new management structure and management changes. The new structure will help DENSO advance in areas the automotive industry is quickly progressing in, such as electrification, automated driving, connected vehicles, car sharing and the Internet of Things (IoT).

New Company Management Structure
The following changes will be effective April 1, 2017:

  • DENSO will reduce its number of members on the Board of Directors.
  • Board of Directors will include representatives, outside directors, and executives who is in charge of corporate planning.
  • The new structure will streamline decision making and execution, create a separation between Management and Execution, and help engaging company-wide strategy discussions at Board of Directors meetings.
  • In addition, DENSO will change the timing of senior executive directors and executive director promotions to April.

New Executive Position “Executive fellow”
DENSO will introduce a new executive position “Executive fellow“. This position will lead their specialized files with their highly advanced expertise, and provide new values to the society. This position is introduced based on DENSO’s policy that “Human resources having highly advanced expertise are sources of company’s competing power”

“As the industry rapidly changes, DENSO needs to transform our approach to work,” said president and CEO of DENSO Corporation Koji Arima. “This transformation starts with our executive team. We need a structure in place to improve our competitiveness, speed and expertise.”

Executive Changes
The following management changes will be effective April 1, 2017:

Hiroyuki Wakabayashi will be appointed to executive vice president and member of the Board. Currently he is the senior executive director and member of the Board.

Masahiko Miyaki will resign as executive vice president.

The following will be appointed as senior executive directors:

  • Shingo Kuwamura, currently an executive director
  • Yukihiro Kato, currently an executive director
  • Yoshifumi Kato, currently an executive director

The following will be appointed as executive directors:

  • Kazuaki Fujitani, currently head of Aftermarket Business Unit
  • Tomoyuki Arakawa, currently General Manager, Aftermarket, Fleet & New Business Group Business Planning Dept.
  • Kazuoki Matsugatani, currently Director, ADAS Business & Technology Development Div.
  • Katsuhiko Sugito, currently Director, Machinery & Tools Div.

Satoshi Iwata will resign as senior executive director.

The following will resign as executive directors:

  • Hideaki Matsuki
  • Masato Nakagawa

The following will be appointed as executive fellows:

  • Hiroyuki Murayama, currently Senior Technical Executive, Basis Electronic Technology Unit
  • Masato Nakagawa, currently Executive Director, Engineering of Europe
  • Hiroaki Ishikawa, currently head of Electric Components Business Unit

Responsibility of Member of the Board and Executive Directors
as of April 1st, 2017

Members of the Board                          *Representative, Changes are underlined

Title

Name

Responsibility

*Chairman

Nobuaki Katoh

 

*Vice Chairman

Koji Kobayashi

Tokyo Office

*President & CEO

Koji Arima

 

*Executive
Vice President

Haruya Maruyama

Overall Management, Overall Sales and Marketing, Corporate Strategy

Yasushi Yamanaka

Overall Management, Overall R&D,
Future Creation Technology, NIPPON SOKEN, INC.

Hiroyuki Wakabayashi

Overall Management, Overall Production, Safety & Environment, Quality Center, ADAS,
DENSO ABASHIRI TEST CENTER CORP.

Member of the Board

Masahiko Miyaki

 

Satoshi Iwata

 

George Olcott

Outside board member

Takashi Nawa

 Outside board member

Member of the Board

Senior
Executive Director

Yoshikazu Makino

Corporate Center, Audit Dept.,
Thermal Systems Business Group

Michio Adachi

Powertrain Systems Business Group

Masahiko Ito

DENSO SALES JAPAN CORPORATION,
New Business, Fleet Air-Conditioning Business Unit

Senior Executive Directors

Title

Name

Responsibility

Senior
Executive Director

Toshiyuki Kato

Toyota Sales Div., Osaka Sales Div.

Sadahiro Usui

Head of Europe,
DENSO INTERNATIONAL EUROPE B.V.

Katsuhisa Shimokawa

Production Innovation Center

Yukihiko Murakami

Sales and Marketing Group

Hiroyuki Ina

Electronic Systems Business Group,
Tokyo Office

Shoji Tsuzuki

Purchasing Group, Information Systems Div., EDT Promotion Div.

Shingo Kuwamura

ASMO CO., LTD.

Yukihiro Kato

Information & Safety Systems Business Group

Yoshifumi Kato

Engineering Research & Development Center, Digital Innovation

 

 

Executive Directors

Title

Name

Responsibility

Executive Director

Kazuaki Fujitani

Aftermarket Unit, Connected Service Business Promotion Div., Customer Service Div. Chubu Sales Div., Hiroshima Sales Div.

Yukihiro Shinohara

Electrification Systems Business Group

Kazumasa Kimura

Head of China,
DENSO (CHINA) INVESTMENT CO.LTD.

Bunichi Kondo

Tokyo Sales Division

Masanori Tsuruta

Semiconductor Device Business Unit

Yasuhiro Iida

Thermal Systems Business Group (Deputy)

Kenichiro Ito

Head of North America,
DENSO INTERNATIONAL AMERICA, INC.

Shinsuke Yamaguchi

DENSO (THAILAND) CO., LTD.

Yoshitaka Kajita

Head of Asia-Oceania,
DENSO INTERNATIONAL ASIA CO., LTD.

Jiro Ebihara

Electric Components Business Unit

Jack Helmboldt

DENSO MANUFACTURING TENNESSEE, INC.

Yuji Ishizuka

Sales and Marketing of Europe,
DENSO AUTOMOTIVE DEUTSCHLAND GMBH

Yasuhiko Yamazaki

Production Eng. Research Div., Innovative Production & Factory Promotion Div., Materials Eng. R&D Div., Measurement & Instrumentation Eng. Div., Prototype Mfg. Div.,

Hisaaki Sato

Sales and Marketing of North, Central & South America

Hajime Kumabe

Advanced Safety Business Unit, Electronic Control Components Div.

Yasushi Matsui

Corporate Planning Div., Finance & Accounting Div., Global Strategy Dept., Cost Management Dept.

Hirotsugu Takeuchi

ICT Business Unit, Thermal Systems R&D Function Unit

Keiko Shimokata

Health Care Promotion Div., Diversity & Inclusion Promotion, DENSO BLOSSOM Co. LTD

Yutaka Yamanouchi

Strategic Production Planning Div., Production Control Div., Logistics Planning Div., Facility Div., DENSO E&TS TRAINING CENTER CORP.

Hisashi Iida

ADAS Business & Technology Development Div., Corporate R&D Div.1,2

Marco Di Rao Marotta

Thermal Systems Business of Europe,
DENSO THERMAL SYSTEMS S.p.A.

Sinnosuke Hayashi

Basis Electronic Technology Unit, Electronics Business Unit, DENSO CREATE INC.

Terutaka Kageyama

Sales Engineering

Yasushi Mukai

Human Resources Div., Corporate Communications Div., Legal Div., General Admin. Div., Plant General Administration

Katsuhiko Takeuchi

Diesel Systems Business Unit,
Gasoline Systems Business Unit,
Engine Components Business Unit

Tomoyuki Arakawa

New Business Promotion Div.

Kazuoki Matsugatani

Engineering of Europe

Katsuhiko Sugito

Machinery & Tools Div., Parts Eng. Div.,
Parts Mfg. Div., FA Business Unit

• Newly-appointed

 

Changes of Members of the Board and Audit & Supervisory Board Member
DENSO decided the following changes of members of the Board and the members on its Audit & Supervisory board. This changes will be effective after the 94th Annual General Meeting of Shareholders, 2017.:

The following will resign as from members of the Board:

  • Masahiko Miyaki
  • Michio Adachi
  • Satoshi Iwata
  • Masahiko Ito

Noriyuki Matsushima will be appointed as member of the Audit & Supervisory Board.

Tsutomu Saito will resign as member of the Audit & Supervisory Board.   

 

DENSO’s New Board of Directors and Audit & Supervisory Board
 as of Annual General Meeting of Shareholders, 2017

Board of Directors                         *Representative,  **Outside

Title

Name

*Chairman

Nobuaki Katoh

*Vice Chairman

Koji Kobayashi

*President & CEO

Koji Arima

*Executive Vice President

Haruya Maruyama

Yasushi Yamanaka

Hiroyuki Wakabayashi

Member of the Board

Yoshikazu Makino

George Olcott**

Takashi Nawa**

 

Audit & Supervisory Board Members                                      **Outside

Title

Name

Audit & Supervisory Board Member

Masato Iwase

Atsuhiko Shimmura

Moritaka Yoshida**

Tsutomu Saito**

 Noriyuki Matsushima**

• Newly-appointed

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/

# # #

 

DENSO Announces Third-quarter Financial Results

Press Releases

KARIYA (Japan) –DENSO Corporation today announced its global financial results for the nine months of the fiscal year ending March 31, 2017:

  • Consolidated revenue totaled 3,311.5 billion yen (US$28.4 billion), an 1.8 percent decrease from the previous year.
  • Consolidated operating profit totaled 247.5 billion yen (US$2.1 billion), an 1.8 percent increase from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 190.9 billion yen (US$1.6 billion), a 0.2 percent decrease from the previous year.

“Despite the production volume increase and sales expansion, DENSO’s revenue decreased due to appreciation of the yen. Despite the appreciation of the yen, operating profit increased due to the production volume, cost reduction efforts and improved other income /expenses. ,” said Yasushi Matsui, executive director of DENSO Corporation.

In Japan, despite the impact of the exchange rate, the production volume increase led to an increase in revenue to 1,982.2 billion yen (US$17.0 billion), a 0.8 percent increase from the previous year. The impact of the exchange rate of export sales led to an operating profit of 106.9 billion yen (US$917.3 million), a 15.5 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 781.6 billion yen (US$6.7 billion), a 5.6 percent decrease from the previous year. As a result of the increase in production volume, the operating profit totaled 43.4 billion yen (US$373.0 million), a 35.1 percent increase from the previous year.

In Europe, despite car production increase and sales expansion due to the moderate recovery of the market, impact of exchange rate led to a decrease in revenue to 416.9 billion yen (US$3.6billion), a 5.4 percent decrease from the previous year. As a result of the increase in production volume, the operating profit totaled to 14.3 billion yen (US$122.8  million), a 33.5 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 839.8 billion yen (US$7.2 billion), a 4.9 percent decrease from the previous year. As a result of the increase in production volume, an operating profit totaled 80.5 billion yen (US$691.1 million), a 9.6 percent increase from the previous year.

In other areas, mainly the South American region, including Brazil and Argentina, revenue totaled 46.9 billion yen (US$402.5 million), a 2.1 percent increase from the previous year. The operating profit totaled 4.0 billion yen (US$34.4 million).

“Considering the financial results of the third quarter, as well as the change in foreign exchange difference occurred in the third quarter, we have decided to revise the original forecast for the full-year financial results,” said Matsui.
(Foreign exchange rates used for the full-year are: US$= 106 yen, Euro= 117 yen)

Forecast for Fiscal Year Ending March 31, 2017

Full-Year Forecast
(Original)

Full-Year Forecast
(Revised)

Revenue

4,380.0 billion yen
[US$37.6 billion]

4,440.0 billion yen
[US$38.1 billion]

Operating profit

290.0 billion yen
[US$2.5 billion]

298.0 billion yen
[US$2.6 billion]

Profit before income taxes

310.0 billion yen
[US$2.7 billion]

323.0 billion yen
[US$2.8 billion]

Profit attributable to owners of the parent company

204.0 billion yen
[US$1.8 billion]

214.0 billion yen
[US$1.8 billion]

 

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/

(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 116.49 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market December 30, 2016. Billion is used in the American sense of one thousand million.

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Battle Creek’s Largest Employer Opens Doors to Wellness at New DENSO Family Health Center

Press Releases

BATTLE CREEK, Mich. – Global automotive supplier DENSO will strengthen its commitment to the health and wellness of employees and their families as it celebrates opening the newest DENSO Family Health Center (DFHC) at DENSO Manufacturing Michigan, Inc. (DMMI) today.

“We are focused on being an employer of choice and this expansion fits well with our company philosophy to offer amenities that help make employees’ lives easier,” said Andris Staltmanis, DMMI president. “Our goals with the health center are to better manage the company’s rising healthcare costs, pass some savings on to our employees and provide employees and their families with convenient access to high quality health services.”

DENSO Family Health Center Uses Patient Centered Medical Home Approach
The new center uses the Patient Centered Medical Home approach to providing comprehensive healthcare, which is meant to strengthen the healthcare provider-patient relationship; providing whole-person, coordinated care, enhancing the healthcare experience and outcomes through better communication. The center offers easy access to care and encourages active patient participation in healthcare delivery. DENSO employees and their families will be surrounded by a dedicated team of health professionals working together to meet individual healthcare needs.

“DENSO is proud to lead in this trend to provide a more comprehensive approach to healthcare,” Staltmanis said. “Having a family health center on site will make it easy for our employees to stay proactive with their health and help manage chronic conditions if needed through quick access to primary care.”

Employer healthcare centers are a fast-growing employee benefit trend. In addition to occupational health services offered in many of its North American facilities, DENSO also provides onsite access and coordinated care for employees and their families at a Family Health Center in Maryville, Tenn. and a clinic in Athens, Tenn.

DENSO purchased an adjoining building on Wayne Road in Battle Creek in 2015 to house a North Logistics Center to serve its expanding customer base in North America. The five-acre, 215,000+ square-foot facility had 10,000 square-feet of existing office space that underwent a full renovation to become the DENSO Family Health Center. The facility opens for business on Tuesday, Feb. 7.

The health center will be staffed with a primary care physician, nurse practitioner, pharmacist, physical therapist, nurse and other medical professionals. Employees and their family members age 12 and older who are covered by a DENSO health plan are eligible to use the DFHC, but usage is voluntary.

DENSO employees and eligible family members can access key services such as –

  • Primary care
  • Well and sick visits
  • Physicals
  • Chronic condition management
  • Immunizations
  • Lab work
  • Physical therapy and other occupational health services.

The health center is operated and staffed by Premise Health, a leading worksite health and patient engagement company. The DENSO Family Pharmacy, also operated by Premise Health, opened in 2005 and will move to the Wayne Road location, centralizing convenient, affordable services.

The DENSO Family Health Center is the company’s latest investment in associate health and welfare, complementing the DENSO Family Pharmacy, onsite recreation center, Omni Credit Union branch, dining center, and extras including paid uniforms, work shoes, safety glasses, tuition assistance and technical training.

Starting production in 1986, DMMI is the lead production facility for DENSO’s Thermal Systems North American Center and the largest employer in Battle Creek, Mich. with more than 3,000 employees. DMMI manufactures automotive air conditioning and engine cooling components and systems, including condensers, radiators, CRFMs (condenser, radiator, and fan modules), heater cores, evaporators and HVAC units. The Battle Creek campus has more than 1.38 million square feet of manufacturing, warehouse and administrative floor space in six buildings on more than 100 acres of land. It is the largest facility in Fort Custer Industrial Park.

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 Contributes $25,000 to the American Red Cross for Disaster Relief in Tenn. and N.C.

Press Releases

SOUTHFIELD, Mich. – The DENSO North America Foundation (DNAF) today announced it is making a $25,000 contribution to the American Red Cross disaster fund to help respond to the Gatlinburg, Tenn. wildfires, the Athens, Tenn. tornado, and Greenville, N.C. flooding.

“Our thoughts go out to those impacted by the disasters in Tennessee and North Carolina,” said Mike Brackett, member of the DENSO North America Foundation Board of Directors and senior vice president of Corporate Services at DENSO’s Maryville, Tenn., facility. “As a strong community partner and supporter, DENSO is pleased to make a donation to help our communities during this time of need.”

Employees from DENSO’s Athens and Maryville, Tenn. locations volunteered to work with the American Red Cross to help with wildfire and tornado clean-up efforts. In addition, employees from these locations teamed up to sell t-shirts to collect donations totaling $20,000 so far.

One of the core principles of the DENSO foundation is to provide disaster relief grants through the American Red Cross and other local agencies to aid persons and communities in which DENSO operates. Founded in 2001, DNAF is a registered 501(c)3 corporate foundation dedicated to helping students advance their education in engineering, technology and other related programs.

DENSO is also encouraging its employees, friends or family to make a donation to the American Red Cross to help support its efforts. Click here to donate.

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/

About DENSO’s North American Aftermarket Group
DENSO’s North American aftermarket group supplies parts for original equipment service dealers, independent aftermarket service centers and retailers. In addition, the company distributes heavy-duty diesel and electrical components, portable commercial air-conditioning units and industrial robots. The company employs approximately 500 people in Long Beach and Murrieta, California. The company’s product line includes heavy-duty and automotive alternators, starters, oil, cabin and air filters, spark plugs, AC compressors, oxygen sensors, ignition wires, fuel pumps, fuel injectors and wiper blades. For more information, go to www.densoautoparts.com. Connect with DENSO Auto Parts on Facebook at https://www.facebook.com/densoautoparts/.

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DENSO Announces North American Executive Personnel Changes

Press ReleasesSenior Management Announcement

SOUTHFIELD, Mich. – As global automotive supplier DENSO continues to expand its footprint in North America, the company is committed to regional and global leadership development. DENSO is pleased to announce the following management and organizational changes across North America, effective January 1, 2017.

“By promoting those who will lead the way, DENSO continues to advance its goals of protecting lives, preserving the planet and preparing a bright future for generations to come,” said Kenichiro Ito, chairman of DENSO’s North America Board of Directors and chief executive officer of DENSO’s North American headquarters in Southfield, Mich. “These changes help broaden the scope of our executive team, strengthening our regional approach and providing unique challenges and opportunities to DENSO’s leaders. It improves collaboration within our local companies, across the region and across DENSO globally.”

Bill Foy was named senior vice president of Engineering. Located in Southfield, Mich., Foy is responsible for overseeing all North American product engineering and development, including climate control, engine components and systems, engine electrical, safety products, cluster, in-vehicle-infotainment, body electronics and small motor engineering. Previously, he served as senior vice president of the Sales & Marketing Division.

Doug Patton will continue his role as executive vice president of Engineering and chief technology officer. In 2017, he assumes the role of SAE International president. This change will allow him to focus on his role as SAE International president, as well as help broaden the scope of DENSO’s executive team.

Denise Carlson was promoted to vice president of the North America Planning and Material Engineering, Production Innovation Center. Located in Southfield, Mich., Carlson is responsible for overseeing Material Development, Material Quality Assurance, and Material Education for DENSO’s North American product groups.

Kara Grasso was promoted to vice president of Fiat Chrysler Automobiles (FCA) Sales group, located at DENSO’s Southfield, Mich. facility. She oversees FCA Sales strategy and activities in all key product areas. She was also appointed to lead DENSO’s Product Sales Strategy. Previously, she was director of FCA Sales.

Benjamin Luppino will serve as vice president of Toyota Sales Group, located at DENSO’s Southfield, Mich. facility. His primary responsibility is guiding the operational and personnel activities for the Toyota Motors Sales group, including overall sales expansion. Previously, he served as vice president and global lead of the General Motors Sales Group.

Rob Hempel will serve as vice president of General Motors Sales Group, located at DENSO’s Southfield, Mich. facility. His primary responsibility is guiding the operational and personnel activities for the General Motors Sales group, including overall sales expansion. Previously he served as global lead for Toyota Sales.

Chuntao Ye was promoted to senior vice president. Ye is responsible for Instrument Cluster, Electronics, and Body Electronics plants located in Maryville, Tenn. He also serves as Deputy Leader of Information & Safety Systems. Previously, he served as vice president of DENSO’s Alternator/Starter Division in Maryville.

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/

About DENSO’s North American Aftermarket Group
DENSO’s North American aftermarket group supplies parts for original equipment service dealers, independent aftermarket service centers and retailers. In addition, the company distributes heavy-duty diesel and electrical components, portable commercial air-conditioning units and industrial robots. The company employs approximately 500 people in Long Beach and Murrieta, California. The company’s product line includes heavy-duty and automotive alternators, starters, oil, cabin and air filters, spark plugs, AC compressors, oxygen sensors, ignition wires, fuel pumps, fuel injectors and wiper blades. For more information, go to www.densoautoparts.com. Connect with DENSO Auto Parts on Facebook at https://www.facebook.com/densoautoparts/.

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