Mid-Term Management Plan "CORE 2030"

We assessed the changes shaping society and our industry. Understanding these shifts and creating value from them is key to our future.

Social challenges — including global warming, traffic accidents, and resource and energy security — are intensifying worldwide and require urgent responses. As countries and regions pursue diverse approaches, borderless flows of information and technology are sparking revolutionary innovation globally. The balance of power in the international community is shifting, and economic security has grown in importance. Against the backdrop of advancing AI, the roles people play and how they work are also being reexamined.

In the automotive industry, mobility is no longer just about the evolution of the automobile itself — it now connects with broader social systems such as energy, transportation, and telecommunications, significantly expanding its value. 
At the same time, the optimal solutions for mobility and powertrains are diversifying, reflecting the unique energy conditions, infrastructure, policies, and lifestyles of each country and region. The technologies that define automobile value have also expanded beyond conventional automotive engineering to include semiconductors, software, communications, and materials — accelerating cross-industry convergence. 
These shifts are transforming both the structure of the automotive industry and how value is created.

AI is transforming both the structure of the automotive industry and how value is created. It has reached the deployment stage, and manufacturing competitiveness now depends on how well organizations use it. Combining frontline know-how with AI opens new possibilities. The key question: how to integrate AI into operations and products, combining the strengths of people and technology to create value.

DENSO's tagline, "Crafting the Core," embodies our roots: delivering better products through technology, manufacturing, and people — always putting customers first.

With partners worldwide, we will keep crafting the new "Cores" our customers and society need. That resolve is the meaning behind "CORE 2030."

With CORE 2030, we envisioned the future we want to create.

In mobility, we advance fundamental technologies and create ecosystems linking vehicles, cities, and communities. We also extend mobility technologies into new domains, delivering value to society beyond the automotive sector.

DENSO will bring a mobility-driven future to life — through human potential.

CORE 2030 rests on three strategic pillars: Strengthening Product Development, Innovating Manufacturing, and Developing People and Co-Creating with Partners.

Across the world, social challenges that transcend national and regional boundaries — including global warming, traffic accidents, and resource and energy security — are escalating. These challenges demand cross-industry collaboration. For example, Dynamic Wireless Power Transfer Systems — which charge vehicles from the road surface while driving — have the potential to overcome constraints such as driving range, charging burden, and battery installation, fundamentally changing the nature of mobility.

However, deploying these technologies in society requires comprehensive efforts — including infrastructure development and regulatory frameworks — alongside the evolution of mobility itself.

DENSO applies its strong customer and partner relationships to connect stakeholders and lead solutions.

DENSO has been creating new value in Factory Automation (FA) and agriculture — domains where our automotive technologies help solve workforce challenges and raise productivity. Going forward, we will accelerate collaboration with strategic partners who share our vision for mutual growth.

In FA, we aim to address a workforce gap of 19,000 — 10% of the projected 190,000-person gap in Japan's manufacturing sector — and target revenue of approximately 300 billion yen by 2030. In agriculture, we aim to achieve a 75% improvement in productivity and revenue of approximately 100 billion yen by 2030.

In our semiconductor business, we will accelerate expansion into industrial equipment and consumer electronics. By creating value across all three domains — industrial, consumer, and automotive — we will enhance competitiveness broadly.

People are the driving force behind DENSO's growth. Each associate takes on the challenge of creating new values, earning trust and recognition from customers and society. That recognition fuels further ambition — a cycle of growth and value creation.

To sustain this cycle, we are making individual expertise more visible, systematically developing talent, and accelerating the acquisition of advanced specialists in strategic areas such as AI and advanced semiconductors. DENSO will continue to support every associate's ambition.

Through 2030: 3.7 trillion yen in R&D, 2.2 trillion yen in Capital Expenditure, 700 billion yen in IT, IP, and human resource development. Targets: revenue of 8 trillion yen+, operating margin 10%+, ROE 11%+. Balancing growth investment with shareholder returns, total investment and returns will reach 8 trillion yen+.