DRIVEN BASE

Status of Dialogue

2025

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 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 2025.

  • Main correspondents
    Dialogue Day : CEO, EVP, CTO
    Financial results briefings and individual dialogues : CFO, EO, IR team

  • Overview of shareholders and investors with whom we held dialogues
    Held approximately 350 dialogues with domestic and foreign institutional investors, totaling approximately 1,880 companies.

  Interlocutor Number of Dialogues Total Companies
Individual Interviews Executive management 52 52
Others 212 212
Small Meetings Executive management 6 176
Others 67 937
Briefings Large Meetings Executive management 4 495
Total 341 1,872
  • Main themes and concerns in the dialogue
    Advantages of the company in priority domains (electrification and ADAS).
    Response to policy for reducing cross-shareholdings.
    Expectations for the medium- to long-term management plan, 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 Dialogue Day, the opinions and questions of participants, analyst reports, stock price trends, and other information are compiled and reported to the Board of Directors.

  • Items incorporated based on dialogue and subsequent feedback
    We picked up topics of high interest from the quarterly financial results briefings and one-on-one meetings—such as electrification, ADAS, semiconductors, and software—and explained them in the Dialogue Day 2026 (held in March 2026). In addition, we are continuously working to meet stakeholders’ expectations and requests, including initiatives to reduce cross-shareholdings.