DENSO to Consolidate Two Sales Companies in Japan
KARIYA (Japan) - DENSO Corporation announced today that on July 1 it will consolidate two sales companies, DENSO Tokyo Corporation and Osawa Inc., both 100 percent owned by DENSO. DENSO Tokyo is responsible for aftermarket sales and services for the Kanto region in Japan, and Osawa Inc., markets automotive aftermarket products, including wipers. The consolidated company will be called DENSO Tokyo.
"By consolidating the two companies, we aim to improve our business efficiencies and provide better and faster service to the market," said Kenji Ohya, senior managing director in charge of DENSO Corporation's Sales Group.
In Japan, DENSO has eight regional sales companies, including DENSO Tokyo, and Osawa has eight sales offices. With the consolidation, DENSO Tokyo will assign the operations of Osawa's sales offices to DENSO's regional sales companies in each region.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 119,000
people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2008 totaled US$40.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to
www.denso.com, or visit our media website at www.densomediacenter.com
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Company Profile of DENSO Tokyo Corporation
| 1.Name | :DENSO Tokyo Corporation |
|---|---|
| 2.Location | :Shibuya-ku, Tokyo, Japan |
| 3.President | :Toshiaki Fujii |
| 4.Establishment | :December 1, 2002 |
| 5.Capital | :175 million yen* (approximately US$1.7 million) |
| 6.Ownership | :100 percent owned by DENSO Corporation |
| 7.Sales | :53.1 billion yen* (approximately US$502.1 million in fiscal year ended March 2008) |
| 8.Employees | :600 |
| 9.Business Description | :Sales and services for automotive products, and household and industrial equipments and telecommunication devices |
Company Profile of Osawa Inc.
| 1.Name | :Osawa Inc. |
|---|---|
| 2.Location | :Koto-ku, Tokyo, Japan |
| 3.President | :Kazuya Iwatsuki |
| 4.Establishment | :April 1, 2002 |
| 5.Capital | :460 million yen* (approximately US$4.3 million ) |
| 6.Ownership | :100 percent owned by DENSO Corporation |
| 7.Sales | :4.1 billion yen* (approximately US$38.8 million in 2007 fiscal year ) |
| 8.Employees | :65 |
| 9.Business Description | :Sales of automotive products and components |
*Exchange rates used are 105.75 yen per one dollar, at the end of May 2008 for convenience only. Billion is used in the American sense of one thousand million.