DRIVEN BASE

DENSO Announces the Status and Conclusion of Acquisition of Own Shares

- Acquisition of own shares in accordance with our Articles of Incorporation pursuant to Article 165, paragraph 2 of the Corporation Act -

Dec. 1, 2016

Kariya (Japan) ― DENSO Corporation (the “Company”), announced the status of acquisition of its own shares pursuant to Article 156 of the Corporation Act as applied pursuant to Article 165, Paragraph 3 of the Corporation Act, which was resolved at the board of directors meeting on July 29, 2016. This concludes acquisition of its own shares authorized by the board of directors meeting on July 29, 2016.

Type of shares repurchased Common stock
Total number of shares repurchased 1,824,000 shares
Total cost of shares repurchased 8,425,017,700 yen
Method of acquisition Discretionary trading by a securities company
Acquisition period November 1 to November 30, 2016

Note

1. Details of the resolution concerned with acquisition of its own shares approved at the board of directors meeting held on July 29, 2016

Type of shares to be purchased Common stock
Total number of shares to be purchased

1. Up to 2,500,000 shares
   (0.32 percent of total outstanding shares)

2. Up to 5,500,000 shares
   (0.69 percent of total outstanding shares)
Total cost of shares to be purchased 1. Up to 9,375 million yen
2. Up to 20,625 million yen
Method of acquisition 1. Discretionary trading by a securities company
2. Discretionary trading by a securities company
Acquisition period 1. August 4 to September 9, 2016
2. October 3 to November 30, 2016
2. Total number and value of shares repurchased pursuant to the resolution approved at the board of directors meeting held on July 29, 2016:

Total number of shares repurchased 6,952,600 shares
Aggregate repurchased amount 29,999,799,500 yen

About DENSO Corporation

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

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