DENSO to Integrate the Management of Two Subsidiaries that Manufacture Parts

Mar. 29, 2018

KARIYA (Japan) ― DENSO Corporation today announced that on July 1, 2018 it will integrate the management of two DENSO Group companies: DENSO PREAS Corporation and DENSO KIKO Co., Ltd., both of which manufacture metal press-worked parts.

The business environment will tremendously change in the future with the advancement of the electrification of automobiles and automated driving. Therefore, it will become even more necessary to develop press-worked parts required for new technologies and to begin local production in overseas regions where the market is expected to grow. To develop more competitive press-worked parts, DENSO reached the conclusion that the aforementioned companies of the DENSO Group, each of which has excellent manufacturing assets, must be integrated to form a core press working company while further strengthening collaboration with DENSO, which is proud of its high-accuracy molds.

The integrated company will enhance mass production technologies and manufacturing capabilities through closer collaboration with respective sections of DENSO and make a contribution to realizing an environmentally friendly, safe, and comfortable mobility through press-worked parts that support electrified systems and automated driving systems.

Profile of integrated company

1. Name

DENSO PRESS TECH INC.

2. Location

11-16 Genzau, Hagi-cho, Toyokawa, Aichi, Japan (current location of head office of DENSO PREAS)  

3. Establishment

July 2018

4. Capital

32.50 million yen

5. Ownership

100% owned by DENSO

6. Employees

Approx. 380 (at the time of establishment)

7. Business description

Manufacture and sale of press-worked parts for automobiles

[Reference]

Profile of DENSO PREAS

1. Name

DENSO PREAS Corporation

2. Location

11-16 Genzau, Hagi-cho, Toyokawa, Aichi, Japan

3. President

Shoichhi Takenouchi

4. Establishment

May 1953

5. Capital

32.50 million yen

6. Ownership

100% owned by DENSO

7. Employees

194 (as of April 2017)

8. Business description

Manufacture and sale of press-worked parts for automobiles

Profile of DENSO KIKO

1. Name

DENSO KIKO Co., Ltd.

2. Location

5-1-5 Shinden-cho, Takahama, Aichi, Japan

3. President

Takeo Higuchi

4. Establishment

March 1973

5. Capital

160.00 million yen

6. Ownership

100% owned by DENSO

7. Employees

211 (as of October 2017)

8. Business description

Production of prototypes and mass-produced parts, including parts for automobiles, and fabrication and installation of conveyance equipment and jigs

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, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/