|Traded as||TYO: 6902
TOPIX Core 30 Component
|Industry||Auto and Truck parts|
|Founded||December 16, 1949|
|Headquarters||Kariya, Aichi, Japan|
(President and CEO)
|Revenue||US$ 43.1 billion|
|US$ 43.76 billion|
Toyota Industries (8.72%)
After becoming independent from Toyota Motors, Nippon Denso Co. Ltd. (, the former name of Denso, was founded in 1949. About 25% of the company is owned by Nippon Dens? Kabushiki-Gaisha)Toyota Motor. Despite being a part of Toyota Group of companies, as of year ended March 2016, sales to Toyota Group accounts for less than 50% of the total revenue (44% of the revenue originate from other car manufacturers in Japan, Germany, U.S. and China). Currently, Denso ranks the second largest auto parts supplier in the world.
As of 2016, Denso Corporation consisted of 189 subsidiaries (63 in Japan, 34 in the Americas, 34 in Europe and 58 in Asia/Oceania) with a total of 151,775 employees. The company is further escalating its global production structure by establishing manufacturing complexes in India, Mexico and Indonesia in order to accommodate further global demand for their products. In 2013 Denso was listed at #242 on the Fortune Global 500 list with a total revenue of $43.1 billion.
The word Denso (Den-So) is derived from the two Japanese words Den-Ki (Electric) and So-Chi (Equipment).
The company is known for developing and manufacturing various auto-parts including but not limited to: Gasoline/Diesel Engine Components, Hybrid Vehicle Components, Climate Control Systems, Instrument Clusters, Air-Bag Systems, Pre-Crash Radar Systems and Spark Plugs. Moreover, Denso also develops and manufactures non-automotive components such as Household Heating Equipments, Industrial Robots and QR Code. The Denso Industrial Robot gained wide public attention in Japan when it conducted a game of Shogi (Japanese Chess) against professionals players.
In 2014, Denso's global sales were distributed as follows:
Denso is conducting various Motorsport activities around the world including the FIA World Endurance Championship, Formula Nippon and Japan Super GT 500/300.
Denso Wave is a subsidiary that produces automatic identification products (bar-code readers and related products), industrial robots and programmable logic controllers. They are noted for creating the two dimensional QR code, are a member of the Japan Robot Association and support the ORiN standard.
Denso International America is the American subsidiary of Denso Corporation.
In 1970, Denso Corporation decided to expand overseas from Kariya, Japan to North America. In March 1971 Denso Sales California, Inc. was founded in Hawthorne, California. The company was staffed with only 12 associates, four of them were Americans. The objective of Denso Sales California was to promote their air conditioner systems to be options in Japanese-made vehicles.
In May 1975 Denso Corporation opened a sales division, Denso Sales, in Southfield, Michigan.
Denso International America employs over 17,000 people at 38 locations between North, Central, and South America. At year end, on March 31, 2008, combined sales totaled $8.3 billion for all American locations.
On January 30, 2012, the US Justice Department announced after two years of investigation that it had discovered part of a massive price fixing scheme in which Denso and Yazaki played a significant role. The conspiracy, which fixed prices and allocated components to such car manufacturers as Toyota and Honda, extended from Michigan to Japan, where it was also under investigation. Denso agreed to pay a fine of 78 million dollars.