DRIVEN BASE

Status of Dialogue

2024

Through our investor relations activities, DENSO is communicating information to shareholders, other investors and analysts in a timely and appropriate manner and advancing a dialogue through efforts by the Company's management and IR team. By doing so, we aim to reduce information gaps with capital markets in our efforts to enhance our corporate value.
The following is a summary of the dialogue with shareholders and investors conducted by the Company's management and others in 2024.

  • Main correspondents
    Business briefings: CEO, EO
    Financial results briefings and individual dialogues: CFO, EO, IR team

  • Overview of shareholders and investors with whom we held dialogues
    Held approximately 300 dialogues with domestic and foreign institutional investors, totaling approximately 2,180 companies.

  Interlocutor Number of Dialogues Total Companies
Individual Interviews Executive management 59 59
Others 161 161
Small Meetings Executive management 10 144
Others 55 1,084
Briefings Large Meetings Executive management 6 729
Total 291 2,177
  • Main themes and concerns in the dialogue
    Advantages of the company in priority domains (electrification and ADAS) and the status of sales expansion. Response to electric vehicles (BEVs), progress of business portfolio reform and policy for reducing cross-shareholdings and approach to cash allocation, etc.

  • Status of feedback to management and the Board of Directors on shareholder opinions and concerns identified in the dialogue
    At each financial results meeting and business briefing, the opinions and questions of participants, analyst reports, stock price trends, and other information are compiled and fed back to the board of directors.

  • Items incorporated based on dialogue and subsequent feedback
    We picked up the highly interesting topics from the quarterly financial results briefings and one-on-one meetings and explained them in the strategy briefing. In addition, we held a briefing session on our semiconductor and other businesses and a tour of our CO2 recycling facility and electrification plant to deepen everyone's understanding of our company.