DRIVEN BASE

DENSO Merges Three Subsidiaries to Form DENSO Solution

- Integrated company will focus on expanding DENSO’s aftermarket business -

Jan. 7, 2019

DENSO CORPORATION
DENSO TEN LIMITED
DENSO SALES JAPAN CORPORATION
DENSO TEN SALES LIMITED
DENSO TEN SERVICE LIMITED

KARIYA (Japan) ― DENSO Corporation, the world’s second largest mobility supplier, today announced that DENSO Sales Japan Corporation, a subsidiary of DENSO Corporation; DENSO Ten Sales Limited and DENSO Ten Service Limited, subsidiaries of DENSO Ten Limited, will merge to form a new company called DENSO Solution Japan Corporation on April 1, 2019.

With the rapid progress of vehicle electrification and automated driving within the auto industry, DENSO has previously announced several organizational changes to increase competitiveness.  The formation of DENSO Solution will create high value-add with new products and services in the automotive aftermarket. The realignment of DENSO’s global organizational structure was done to accelerate business execution, R&D, collaboration, and other efficiencies during major industry change.

DENSO is combining DENSO Sales, DENSO Ten Sales, and DENSO Ten Service into a single organization to efficiently expand DENSO’s automotive aftermarket business. DENSO Solution will maximize a group-wide synergy through the three subsidiaries long-standing sales and service networks throughout Japan and their product planning capabilities in the fields of aftermarket products and accessories, including those for fleet (commercial) vehicles.

 The integrated company will expand DENSO’s aftermarket business through increased cooperation between DENSO and DENSO Ten to provide new products and services for car safety and security, connected driving, and other applications, which are expected to be in greater demand, and thereby better serve their global customer base.

Profile of Integrated Company

1. Name

DENSO Solution Japan Corporation

2. Head office location

2-15-13 Shoutou, Shibuya-ku, Tokyo, Japan (the current head office of DENSO Sales Japan Corporation)

3. Establishment

April 1, 2019

4. Capital

175 million yen

5. Ownership

100% owned by DENSO

6. Employees

Approx. 2,100 (as of April 2019)

7. Business description

Sales and services (installation, maintenance, and repair) of products, repair parts, and accessories including those for fleet vehicles, mainly those provided by DENSO and DENSO Ten, in the Japanese automotive aftermarket, and non-automotive products (housing equipment and F&O* products)

* Factory and Office

Reference

Profile of DENSO Sales

1. Name

DENSO Sales Japan Corporation,

2. Head office location

2-15-13 Shoutou, Shibuya-ku, Tokyo, Japan

3. President

Yukihiko Murakami

4. Establishment

April 2012

5. Capital

175 million yen

6. Ownership

100% owned by DENSO

7. Employees

1,924 (as of March 2018)

8. Business description

Sales, repair, and other services of DENSO products

 

Profile of DENSO Ten Sales

1. Name

DENSO Ten Sales Limited

2. Head office location

1-2-28 Gosho-dori, Hyogo-ku, Kobe, Hyogo, Japan

3. President

Hirohiko Sato

4. Establishment

April 2012

5. Capital

90 million yen

6. Ownership

100% owned by DENSO

7. Employees

196 (as of March 2018)

8. Business description

Sales, maintenance, and other services of automotive electronic and communication devices

Profile of DENSO Ten Service

1. Name

DENSO Ten Service Limited

2. Head office location

1-2-28 Gosho-dori, Hyogo-ku, Kobe, Hyogo, Japan

3. President

Hiraki Morishita

4. Establishment

April 2010

5. Capital

20 million yen

6. Ownership

100% owned by DENSO

7. Employees

5 (as of March 2018)

8. Business description

Installation, maintenance, and other services of automotive electronic products and technology survey and development support to create new systems

About DENSO Corporation

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has approximately 220 subsidiaries  in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 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. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/