Status by region

554.8 billion yen

35 companies

14,489 employees

Europe

1,049.7 billion yen

58 companies

43,731 employees

Asia

2,664.5 billion yen

61 companies

65,654 employees

Japan

966.5 billion yen

28 companies

19,204 employees

North America

73.8 billion yen

6 companies

3,636 employees

South America/Others

*1 Net sales by location (including sales between regional segments of the DENSO Group)

Revenue*1

Consolidated subsidiaries

Number of employees

* Inquiries are also accepted via e-mail forms on our website.

Capital 187.4 billion yenEmployees 146,714 (+4.9% yoy)Consolidated subsidiaries 188 companies (Japan: 61, North America: 28, Europe: 35,

Asia: 58, South America/Other areas: 6)Affiliates under the equity method 35 companies (Japan: 13, North America: 4, Europe: 4,

Asia: 12, South America/Other areas: 2)Revenue 4,309.8 billion yen (+5.2% yoy)Operating Profit 331.4 billion yen (−10.8% yoy)Capital Expenditure 356.1 billion yen (+9.9% yoy)R&D Expenditure 396.4 billion yen (+7.5% yoy)

(as of March 31, 2015)

* Figures are based on IFRS.

Corporate profile

The DENSO Group operates in 38 countries and regions with 220 group companies, and supplies an extensive range of core components and system products to major automakers around the world. More than 146,700 employees work on CSR activities tailored to the needs of local communities.

FY2015

Small motors7.0%

Other automotive1.6%

Industrial and consumer products1.2%

Electronic8.7% Powertrain

control35.5%

Thermal 31.2%

Other new business0.3%

Information and safety systems

14.5%

Business Group Overview Revenue/Operating Profit R&D Expenditure

(FY)

(Unit: billion yen)

4,000

3,131.5

188.3

2,000

2011

3,154.6

160.7

2012

3,580.9

262.4

2013

4,095.0

371.4

2014

4,309.8

331.4

2015

0

RevenueOperating Profit

(FY)

(Unit: billion yen) (%)

500

400

300

200

100

290.1

9.3 9.5 9.4 9.0 9.2

2011

298.4

2012

335.5

2013

368.7

2014

396.4

2015

0

10

8

6

4

2

0

R&D ExpenditureRatio of R&D Expenditure to Revenue

Revenue(consolidated basis)

4,300billion yen in 220 Group companies146,000employees

of revenue invested in R&D9%

active patents worldwide38,000

DENSOin numbers

(FY2015)

Contact information regarding this reportCorporate Strategy Planning Center, Corporate Planning DivisionTelephone: +81-566-25-5575 Fax: +81-566-25-4505

Feedback to DENSOCustomer Center0120-087-413 (in Japan only)

DENSO Corporation1-1, Showa-cho, Kariya, Aichi 448-8661, JapanTelephone: +81-566-25-5511 (Information Center)www.globaldenso.com

Protecting Lives, Preserving the Planet,and Preparing a Bright Future for Generations to Come

CSR Report 2015DIGEST

G o a l

Actions for achievement

Road to Sustainable

Growth

Road to Respected

Individual Life

Preserving the Earth’s Environment and Creating a Society That Ensures Security and Safety with “Passion and Smiles” as Our Driving Force

The DENSO Group continues to squarely address various issues and present solutions in order to maximize the value of vehicles and minimize negative impact through our commitment to the automotive society.

The DENSO Group Long-term Policy 2020, which serves as the guiding principle, states that DENSO will make utmost effort to preserve the planet and ensure security and safety in society through its business operations.

The slogan “Protecting Lives, Preserving the Planet,

and Preparing a Bright Future for Generations to Come” represents the shared wish of 140,000 employees to become a company that always keeps people and society in mind.

I believe that the “passion and smiles” of each employee serve as the driving force to achieve the 2020 Goal and that they are the keywords for DENSO to achieve sustainable growth.

With “passion and smiles,” we work more closely with more stakeholders to create a “cycle of good” in society and achieve sustainability.

Ideal status of the DENSO Group

To be trusted by all stakeholders, and create a cycle of good to grow and develop together

Protecting Lives, Preserving the Planet, and Preparing a Bright Future

for Generations to Come

2020 Goal

Creating Bonds Between People for Healthy Communities

We contribute to enhancing safety, security and convenience in daily l ives by supporting the distribution of information within communities.

Community NetworkSolution Business

We cont r ibute to more eff icient and s tab le vege tab le c u l t i v a t i o n a n d improved agricultural compet i t i veness, utilizing greenhouse environment control systems a n d e n e r g y c o n s e r v a t i o n technologies.

Stable Production of Food Agricultural Support

We contr ibute to safety and assurance in food transport and supply from production to consumption t h rough ene rgy -sav i ng c o o l i n g a n d f r e e z i n g technologies, as wel l as traceability management.

Safety and Assurance in Food Cold Chain

Fossil Fuel Independent

We contribute to the environment by utilizing an eff ic ient algae cult ivat ion process for CO2 absorption and by producing biofuel as an alternative to fossil fuels.

Biotechnology(Micro Algae)

Realizing a Low-carbon Society

We contribute to the realization of a low-carbon society through micro-grid products and technologies including Home Energy Management Systems

(HEMS), storage batteries, V2H (vehicle-to-home) power supply systems, and other products t h a t c r e a t e , s t o r e , a n d conserve energy in the age of connected cars and homes.

Micro Grid Safer and More Secure Living

We contribute to safer and more secure living by applying sensing technologies.

Security

Through its business operations, DENSO helps improve the automotive society and social environment and enhance security and safety.

CSR of the DENSO Group

T h e D E N S O G r o u p i s

helping to build a society

where services which are

closely linked with daily life

are sufficiently available

whenever necessary, by

a p p l y i n g p r o p r i e t a r y

technologies and expertise

to consumer and industrial

products, in cooperation with new partners.

The increase in environmental

impact due to greenhouse gas

emissions, etc. and tragic fatalities

caused by traffic accidents are

common issues faced by the

global society. The DENSO Group has been working to

minimize the environmental impact caused by vehicles and

eliminate traffic accidents, for the sake of society.

Scope of operations (examples)

1 2

Env

ironm

ent

Sec

urity

& S

afet

y

For CO2 reduction, pursue “Ultimate efficiency”

For reducing traffic accidents, pursue “Sophisticatedly safe mobility/society”

Increase in fuel economy, and purification of exhaust emissions

Active safety/Driving support

Ultimate efficiencyInnovative combustionSuper cooling loss reductionExhaust energy collection

Improve the ICE efficiencyImprove efficiency by electrification

AEB (Pedestrian/Day)Lane departure warning

Expansion of automated driving technologies

AEB (Pedestrian/Night)/AEB (Bicycle)Automated lane change

Traffic jam bypassEco-Drive support

Heat distributionTotal thermalmanagement

Collection of waste heat.Thermal storage.Recovery/conversion

Air conditioning.Power-saving (summer, winter).Efficiency improvement

AEB: Autonomous Emergency Braking

DENSO’s commitment to an automotive society

Maximize positive value

Minimize negative impact

Deliver convenience and joy of driving to people

all over the world

Security &

Safety

Preservethe Planet

Cycle of good

SocietyCreate a new mobile

society and social system,which leads the world

EmployeesTreat each employee

with respect andsupport growth

CustomersBe a global suppliertrusted deeply by

all customers aroundthe world

ShareholdersRealize stable and long-term business

growth

Business PartnersSet high aspirationsand persevere until

you succeed

Local CommunityContribute to development

and harmoniousco-existence with local

communities

Koji ArimaPresident and CEODENSO Corporation

Contributions in the automotive field Reduce energy consumption (= CO2 emissions) even if the

number of vehicles increases, by increasing the fuel economy

Create vehicles that are highly fuel efficient and consume little electricityOptimize traffic volume and eliminate traffic jams

Contributions to the automotive society

Help reduce the environmental impact of society by saving, creating, and storing energy

Optimal control and local production for local consumption of energyRenewable energy/storage batteries

Contributions to society

Eliminate traffic accidents to protect people’s lives all over the world

Ensure “Everyday Confidence, Extraordinary Safety”Ensure traffic safety

Contributions to the automotive society

Help ensure security and safety in society(in automobile-related areas) by taking advantage of core technologies

Build communities free from accidents and crimeSafety and assurance in food

Contributions to society

Contributions in the non-automotive fields

Sophisticatedlysafe mobility/society

Accident freeNo traffic jamMobility support for elderly people

ADAS (advanced driving support)/automated driving

Whole house airconditioning

EV/PHV charger

Photovoltaic power generation

Power conditioner

Gas

Water

Lithium ion storage batteryLithium ion storage battery

Eco-CuteEco-Cute

DENSO is tackling a host of issues facing society through its business operations and activities.

Fuel cel l vehic les (FCVs) are p o w e r e d b y h y d r o g e n t o generate electricity, and emit on ly water. Toyota re leased MIRAI, an FCV, in December 2014. DENSO delivers about 70 products for MIRAI to Toyota. Specifically, DENSO developed a cell monitoring unit, pressure hydrogen sensors, hydrogen charging ECU, etc. for FCVs, and increased the performance of the power control unit, fuel cell boost converter, radiator, cooling pump, etc.

About 70 types of products delivered for MIRAI, Toyota’s FCV

3 4

DENSO developed an eco-friendly mobility system consisting of solar power generation equipment, storage batteries, ultra-light electric vehicles (LEVs), and a car-sharing function (vehicle management system) using mobi le terminals. The system was launched on the premises of the Anjo Plant (Aichi Prefecture) in May 2015. This Pico Grid System* was created in anticipation of a micro grid system for the efficient use of energy by connecting vehicles with homes and local communities. LEVs charged with electricity serve as “mobile power supplies” where necessary in the event of a power outage during a disaster.

An eco-friendly mobility system for a low-carbon society

64%

Refrigerator’s fuel consumption

compared with the auxiliary engine system

Conventional refrigerated trucks require an auxiliary engine or need to use the main engine power to operate the compressor of the refrigerator. DENSO and Hino Motors, Ltd. (Hino) jointly developed a system to uti l ize the energy

generated while driving and the energy produced by regenerative braking in hybrid vehicles. As a result, the refr igerator’s fuel consumption is reduced by 64% from the conventional system. The system was awarded the Minister’s Prize, the Ministry of Economy, Trade and Industry in the FY2015 Grand Prize for Excellence in Energy Efficiency and Conservation (the Product and Business Model category).

The electric compressor is optimally driven by technologies to control the hybrid system and inverter, etc., thus significantly reducing fuel consumption and CO2 emissions.

K E Y P O I N T !

Naviehe-compatible equipment can be easily remote-controlled via tablets and smartphones. With Naviehe, users can get the bath ready and control air conditioning, etc. from outside, to keep their home comfortable.

K E Y P O I N T !

Electric refrigerator operated by HV regenerative power awarded Minister’s Prize, the Ministry of Economy, Trade and Industry in the Grand Prize for Excellence in Energy Efficiency and Conservation

Moto rcyc l e eng ines con t ro l l ed by electronic fuel injection systems help improve fuel economy and achieve cleaner emissions. Electronic fuel injection systems were introduced only in large motorcycles because it was difficult to reduce the size of parts. In May 2014, DENSO developed DIET-FI, an electronic fuel injection system for small motorcycles, by simplifying and cutting the cost of the injection system. DIET-FI has been used

in Honda’s small motorcycles, and is expected to become widely used in emerging countries.

Small motorcycles made more eco-friendly by an electronic fuel injection system

To reduce the size of components, part of the functions of the temperature sensor is compensated by the control unit. The size and cost have been reduced while delivering the same performance as the conventional system.

For more information:http://www.globaldenso.com/en/newsreleases/140529-01.html

Web

EnvironmentRoad to

Sustainable Growth

Electric refrigerator system employed in Hino Profia

Naviehe, a new HEMS, released to support energy conservation in households

A HEMS (Home Energy M a n a g e m e n t S y s t e m ) centrally manages energy by connec t i ng va r i ous equ ipment f rom power generation and storage to lighting, air conditioning, and ho t wa te r supp l y. DENSO released Naviehe, a new HEMS mode l , i n January 2015 . W i th improved simplicity and operability, Naviehe can be c o n n e c t e d w i t h e l e c t r i c h o m e a p p l i a n c e s compatible with ECHONET Lite which can be turned on/off via smartphones.

FC cellmonitoring unit

Fuel cell

Air

Hydrogen tankCurrent

Water

Hydrogen

Hydrogen

Motor

Hydrogencharging ECU

Pressuresensor

Coolingpump

TOPICS

The QR Code was developed by DENSO’s engineering division in 1994. Compared with conventional barcodes, the QR Code contains far more data, and offers high-speed scanning (more than 10 times faster), and multi-language support. The QR Code has been steadily improved and is now widely used around the world,

helping save time, resources, and energy in various businesses. In June 2014, the European Patent Office highly evaluated this accomplishment and awarded the “Popular Prize” to the six employees who developed the QR Code (who are currently affiliated with DENSO Wave Incorporated).

QR Code development team wins the European Inventor Award

Masahiro Hara, development leader

QR Code which is widely used around the world

Power and vehiclemanagement system

Solar power generation

Storagebattery

Communicationwith vehicles

Ultra-lightelectric vehicles

Charge or discharge (direct current)

Charge or discharge (direct current)

Charging and discharging deviceCharging and discharging device

Pico Grid System

Naviehe home screen

K E Y P O I N T !

DENSO’s proprietary technologies are used to store the DC power generated by solar equipment in EVs and storage batteries. The system eliminates the loss of conversion to alternating current and thus increases energy efficiency.

K E Y P O I N T !

Products for HVs have been customized for FCVs to improve the reliability and performance, while significantly reducing the cost.

K E Y P O I N T !

* An independent power supply network system. Pico Grid System® is a registered trademark of DENSO Corporation.

Highlights of CSR activitiesF Y 2 0 1 5

Lighting[Examples of use as moving power source]

Transportable power feeding device

PC Mobile phones

iArmS surgical support robot

Security & SafetyRoad to

Respected Individual Life

Children wearing donated helmets

In Thailand, many children are taken to school on motorcycles, but traffic fatalities occur frequently. This is par t l y because few ch i ld ren wear he lmets on motorcycles. In January and February 2015, seven DENSO Group companies in Thailand donated 612 helmets to elementary school students in Bangkok in collaboration with Asia Injury Prevention (AIP), an NGO that has been conducting traffic safety awareness campaigns in Asia. Leaflets and posters that encourage the wearing of helmets were put up, and a traffic safety event was organized with the participation of

about 300 people including government officials, police officers, university students, and local citizens.

To protect children in Thailand from traffic fatalities

For more information:http://www.globaldenso.com/en/news/2015/20150226-01.html

Web

Safe stop by information of the lead vehicleThe trailing vehicle safely stops in response to the sudden stop of the lead vehicle.

Following a lead vehicleThe trailing vehicle uses positional information on the lead vehicle that is received wirelessly to follow it at a safe distance.

Automated driving on a single lane (The test vehicle is in the forefront.)

Demonstration in Detroit

Public road test on Minamichita Road in Aichi Prefecture n June 2014, DENSO launched public road tests to develop advanced driving support technology on Minamichita Road in Aichi Prefecture as part of the Vehicle Safety Technology Project Team organized by the prefectural government. Automated dr iv ing scenar ios in a s ing le lane and automat ic lane changes, etc. were tested to assist safe driving and reduce dr iver workload. At the 2014 ITS World Congress in Detroit in September, DENSO conducted demonstrat ions of driv ing assistance functions. Public road tests help identify issues that cannot be found on test courses. We analyze the test results to accelerate development of commercially available technologies.

Start of public road tests of advanced driving support technology

For more information:http://www.globaldenso.com/en/newsreleases/140714-01.html

Web

A major chal lenge for the f resh food and agricultural products industry is to keep products fresh to retain quality and also to extend the freshness period of food that is stored and transported. DENSO developed a two-compressor/two-inverter refrigerator by utilizing the power saving and electrification technologies refined through the development of refrigerated trucks. We applied this refrigerator to containers, and started a demonstration experiment to prolong the freshness of jujube red dates in China in 2013 and peaches in Fukushima Prefecture, Japan in 2014. As the temperature of the refrigerator can be finely controlled for the food being stored, the peaches, which normally could only be stored for three or four days, were successfully stored for about three weeks.

Prolonging the freshness of agricultural products by using superb refrigeration technologies

Equipment for maintaining freshness (Fukushima Prefecture, Japan)

The demonstration experiment in Fukushima Prefecture succeeded in prolonging freshness (peaches one month after harvest).

A t hosp i t a l s , t he numbe r o f surgeries that require long, delicate work has been increasing, and there is growing demand from physicians to reduce physiological hand shak iness and fa t igue . DENSO deve loped a support robot to meet these needs in collaboration with a university and medical institute, and launched sales in April 2015. During surgery, the robot arm of iArmS supports

the physician’s arm by moving to the position that a physician wishes to move his or her arm. The built-in sensors detect the motions of laying, stopping, and holding the arm afloat, and automatically switches the support functions.

iArmS, a surgical support robot, released

5 6

DENSO’s ZONE D detects an intruder us ing a wide-angle laser sensor. While being video-recorded by an automatic tracking camera, the intruder triggers a siren and flashing light. The system also informs the manager via e-mail to prevent crimes, accidents, and damages caused by harmful animals, etc. ZONE D has been highly evaluated for its performance. Since its release in 2013, it has been used in many stores, plants, condominiums, etc.To m e e t t h e g r o w i n g d e m a n d f o r o u t d o o r applications where there is no power supply, DENSO

developed “ENERU-D” by combining ZONE D wi th a so la r power supply and storage battery, and launched sa les in December 2014. The system can be installed at various l o c a t i o n s s u c h a s f a r m s , p a r k s , a n d cons t ruc t i on s i t es w h e re i n s t a l l a t i o n used to be difficult.

An eco-friendly, standalone solar-powered security system released

TOPICS

VS-050S2, an industr ia l robot deve loped fo r manu fac tu r ing f o o d , p h a r m a c e u t i c a l s , a n d semiconductors, won the Good Design Grand Award ( the best award of the “Good Design Award 2014”). The robot was the f irst DENSO product to win the grand a w a rd f o r h i g h f u n c t i o n a l i t y (resistant to powerful gas cleaning, and free from level differences and gaps on the surface where dirt and bacteria are likely to accumulate) and futuristic design (surface finished by polishing, not painting).

Good Design Award presented to a DENSO robot

VS-050S2, a robot for industrial, pharmaceutical, and medical applications

Can be installed at locations where there is no power supply such as farms and parks

Solar panel

Outdoor camera

ZONE DStorage battery

Thailand is the third worst in the world in terms of traffic fatalities per 100,000 people. DENSO remains committed to traffic safety activities in Thailand.

K E Y P O I N T !

To achieve safe mobility in an aging society where traffic accidents are expected to increase, we are researching and improving driving support technology.

K E Y P O I N T !

Improved storage and transport quality helps improve food safety and assurance, and reduces costs by changing the mode of transport (from air to sea), thus increasing the international competitiveness of agricultural products.

K E Y P O I N T !

Excel lent safety and smooth operation are achieved by gravity balance and arm movement, without the use of motors. iArmS i s one o f t he p roduc ts t ha t DENSO has started to offer in the medical f ie ld by apply ing i ts t echno log ies and exper t i se developed and ref ined in the automotive industry.

K E Y P O I N T !

The live image can be checked from PCs and smartphones, etc. in real time. In the event of a disaster, the system can be used as a Wi-Fi hotspot (optional).

K E Y P O I N T !

Highlights of CSR activitiesF Y 2 0 1 5

The data of near-miss locations is provided by 300 employees who commute by car, and near-miss maps are created based on actual driving of 200,000 km in total.

This application has been verified globally, including Germany and Indonesia.

100womenActivities have been accelerated to achieve our target of having

in managerial positions (three-fold increase from 2014) by 2020.

We procure parts, raw mater ia ls , and equipment worth 2 trillion yen from some 5,000 suppliers each year (with a local procurement rate of about 70%) based on the principle of open, fair and transparent transactions. The CSR Guidel ines and self-diagnostic sheets are distributed to suppliers, while issues are shared and advice and support are offered through interactive activities, in order to achieve continuous KAIZEN. Notably, we encourage CSR procurement in collaboration with industry organizations to prevent issues related to human rights and labor and avoid the use of conflict minerals etc.

As the demand for motor vehic les increases in emerging markets, there i s a g row ing need fo r repa i r and maintenance serv ices for new and used vehicles. DENSO Corporation, Toyota Tsusho Corporation, and Aisin Seiki Co., Ltd. have jointly established a repair shop brand, “PIT & GO” to offer the latest high-quality services a n d q u i c k l y p ro v i d e a u t o m o t i v e components. As of March 2015, there a r e n i n e s t o r e s ( i n C a m b o d i a , M y a n m a r, I n d o n e s i a , T h a i l a n d , Malaysia, and Laos), and the number wil l be increased to 25 in Asia by the end of FY2016.

A map that shows accident black-spots ( e . g . l o c a t i o n s w h e r e d r i v e r s unexpectedly brake suddenly or where congestion occurs frequently) would help drivers slow down and pay attention in advance, thus increasing traffic safety. Such a map appl icat ion has been developed using DENSO’s proprietary technologies. An electronic map named MIKAWAP* enables users to easily check hazardous locations on smartphones and websites, and the application has

been provided to the police, organizations, schools, etc. around the head office.

Present drivers’ experience-based information on an electronic map to help improve local traffic safety

7 8

Each employee keeps stakeholders in mind, to create a “cycle of good” and achieve growth and development with society.

CSR activitiesCSR activities

To quickly offer high-quality services to customers in Asia

Committed to raising the level of CSR throughout the supply chain in collaboration with suppliers

At DENSO Corporation, since January 2014, we have been strengthening our organization exclusively to promote diversity within the Human Resources Division, in order to promote enhancements to our systems and change internal awareness of this issue. In this way, we are working to facilitate contributions by female employees, senior employees, persons with disabilities and foreign employees.Promoting female participation is an important social issue. DENSO Corporation is committed to hiring and effectively using women in the organization while introducing measures to build their careers and achieve a work/life balance, thus creating a better working environment for women.

Main content of Supplier CSR Guidelines

(1) Safety and product quality(2) Human rights and labor(3) Environment(4) Compliance(5) Disclosure(6) Risk management(7) Responsible material

procurement(8) Social contribution(9) Development for

all suppliers

General Meeting of Suppliers

Opening ceremony of a wholly-owned store in Cambodia (May 2015)

PIT&GO AUTOMOTIVE SERVICE(CAMBODIA) CO.LTD

Purchasing Planning Div.

Eri Sato (left)

Masaki Yamauchi

Information and Communication Technology Platform R&D Division

Hiroki Ukai (left)

Takashi Uefuji

Finance & Accounting Div.

Mariko Tsuzuki (left)

Sayaka Hasegawa

DP-Diversity & Inclusion Promotion Dept., Corporate Center

Masami KitamuraReturn to Work Preparatory Seminar

Women’s Forum

Sales & Logistics Manager

Ouk Chandy (left)

Service Manager

Keo Sophal

Responsibility

to customers

Responsibility to

business partners

Responsibility to

local communities

To become a global company where many working mothers can unleash their potential in a flexible working environment

Responsibility

to employees

introducedby employees

Under the policy of “products and services go hand in hand,” the PIT & GO stores quickly offer high-quality repair and maintenance services and supply components to ensure customer satisfaction.

The DENSO Group Community Service Day was launched in 2004 in commemoration of the 55th anniversary of the company’s founding. This program aims to contribute to and enrich local communities as a good corporate citizen, beyond the scope of regular business. Under the slogan of “Turn Compassion into Action,” about 36,000 employees participated in various programs (primarily related to the environment, welfare, and education) from 125 companies in 31 countries and regions in FY2015.

36,000 employees around the world worked on community issues.

DNBR (Brazil)

Priscila Hayashi

Planting mangrove trees (DENSO Group in Thailand)

Book donation activities (DNBR, Brazil)

Responsibility to

local communities

Books enrich people’s minds. I have been involved in donating books to underprivileged children and providing opportunities to learn about good cultures.

In June 2015, DENSO formulated the Basic Policy on Corporate Governance to improve the transparency and efficiency of management. DENSO became the first company in the auto industry in Japan to apply IFRS from FY2016, to facilitate nimble management and enhance the international comparability of financial statements by standardizing the accounting standards of the group companies.

To remain attractive as a company to investors seeking mid- to long-term growth

Dividend per share

2012

120

100

80

60

40

20

0

(yen)

(FY)2013 2014 2015

46

64

105 110

Responsibility to

shareholders and

investors

In FY2015, we visited six suppliers for the DENSO Group to share issues through dialog and offer advice on KAIZEN.

We promptly and appropriately disclose information, communicate effectively, and promote the attractive features of DENSO, in order to increase our corporate value.

* MIKAWAP is coined from the “Mikawa” region in Aichi Prefecture where DENSO has many business sites and a “map.”

General Meeting of Shareholders

Our policy on returns to shareholders is to

continuously and stably raise dividends over the

long term.

Damaged road locationsCracks in roads are identified.

Near-miss locationsHazardous locations where sudden braking occurs are identified.