DENSO Merges Three Subsidiaries to Form DENSO Solution
- Integrated company will focus on expanding DENSO’s aftermarket business -
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/