Kariya (Japan) -DENSO Corporation (the "Company") announced that it has acquired its own shares, following the announcement made on October 31, 2012, as follows, and that it has completed the acquisition resolved at its Board of Directors meeting held on October 31, 2012.

1. Reason for acquisition of own shares
   The Company decided to acquire its own shares with the aim of improving capital efficiency and ensuring a flexible strategy in the future.
2. Details of acquisition
   (1) Type of shares acquired: DENSO Corporation common stock
   (2) Number of shares acquired: 11,000,000 shares
     (1.36% of the total number of issued shares (excluding treasury stock))
   (3) Price paid for total shares: ¥27,489,000,000 (¥2,499 per share)
   (4) Date of acquisition: November 1, 2012
   (5) Method of acquisition: Transactions through ToSTNeT-3 (Tokyo Stock Exchange Trading NeTwork System)

(Reference)
Details of the acquisition resolved by the Board of Directors on October 31, 2012 are as follows.
(1) Type of shares to be purchased: DENSO Corporation common stock
(2) Number of shares to be acquired: Up to 11,000,000 shares
  (1.36% of the total number of issued shares (excluding treasury stock))
(3) Total cost: Up to ¥33,000,000,000
(4) Term of acquisition: From October 31, 2012 to December 31, 2012

DENSO Corporation, 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, electric, 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 35 countries and regions (including Japan) and employs more than 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.