Message from the President

A message from the president about DENSO's mission and a vision

Review of Fiscal 2017

On behalf of all at the DENSO Group, I would like to take this opportunity to express our sincere gratitude for the support we have received from all our stakeholders.

In the fiscal year 2017, the year ended March 31, 2017, revenue of the DENSO Group increased to ¥4,527.1billion and operating profit increased to ¥330.6 billion due to the marginal advantage from improved capacity utilization owing to increased sales, the rationalization effects and the improvement of other income and expenses despite the adverse impact of yen appreciation.

As for dividends from surplus, the Company intends to improve the dividend level stably on an ongoing basis by comprehensively taking into account the consolidated operating results, the payout ratio and the amount of dividends.Moreover, the Company intends to allocate retained earnings not only to the capital investment and R&D investment required to maintain long-term business development but also to the acquisition of treasury stock in the pursuit of distributing its profits to the shareholders while paying attention to the status of funds.

Accordingly, the Company, at its Board of Directors meeting held on April 28, 2017, resolved that the fiscal year-end dividend for the fiscal year ended March 31, 2017, be ¥60 per share. The annual dividend for the fiscal year under review, including the interim dividend, is ¥120 per share.We will continue to enhance corporate value and further profit return to our shareholders.

The business environment surrounding the Company is changing considerably, entering an era of significant changes throughout society. To overcome such turbulent times and achieve sustainable growth, we need to increase the number of value-sharing peers to address various issues hand in hand. To this end, DENSO CORPORATION has established “Crafting the Core” as its slogan, which is based on the unchanging DENSOPhilosophy and expresses the vision and direction the Company is striving to achieve. “Crafting the Core” encompasses the desire at DENSO to “Creating things that are important to people with great care and continuously refining them.”We hope to contribute to the creation of such a better society in the future while gaining the confidence and sympathy of all of our stakeholders

I am sincerely grateful for receiving the ongoing support of all our stakeholders.

June 2017
President and CEO
Koji Arima
Koji Arima