DENSO Provides Company Update Amid COVID-19 Pandemic
– Mobility supplier shares fourth quarter results, prioritizes protecting employees’ health and safety and meeting customer and society needs –
KARIYA, Japan (April 30, 2020) – DENSO, the world’s second largest mobility supplier, today announced its fourth quarter (January-March) financial results for its fiscal year 2019. In addition, the company is providing an update on how it is responding to the novel coronavirus (COVID-19) as the pandemic continues to impact its business and the automotive industry at large. DENSO has and will continue to prioritize protecting its employees, meeting customer needs and supporting those fighting the virus while maintaining business continuity.
“The world is facing a very difficult and unprecedented circumstance, as more and more people are impacted by COVID-19,” said Koji Arima, president and CEO of DENSO Corporation. “While this is a challenging time for us, I am very proud of our employees around the world for their spirit, speed and collaboration to support each other, our customers and our local communities. We’ll get through this by working together.”
Since the global outbreak of COVID-19, DENSO has instated strict safety measures across its facilities to help employees minimize their risk of virus exposure. This includes advising those who can work remotely to do so. And for those who cannot, DENSO has guidelines in place to promote social distancing, per guidelines from governmental and health agencies worldwide; screen employees prior to facility entry; increase disinfection schedules at all locations; broaden the use of personal protective equipment; and more.
To combat the COVID-19 crisis and support the communities where its employees live and work, DENSO has prioritized five focus areas:
- Providing monetary donations to local charities and organizations fighting COVID-19.
- Providing in-kind donations, which include personal protective equipment (PPE) and other much-needed supplies and services, like grocery shopping for those who cannot.
- Manufacturing PPE, such as face shields for front-line and essential workers and face masks for DENSO group employees.
- Depending on region, collaborating with automakers, government or academic partners in support of broader pushes to manufacture medical equipment components.
- Sharing DENSO’s engineering with other organization to help battle COVID-19. For example, DENSO joined a D-Wave project to give free access to a quantum computing systems that could facilitate medical breakthroughs.
In addition to their significant efforts to help front-line workers responding to COVID-19, DENSO’s essential employees continue to help deliver service to the public, per local government guidelines.
As customers begin to prepare for production and operational ramp ups, DENSO will continue to work closely with them and government partners to implement back-to-work protocols that put safety first.
About DENSO Corporation
DENSO is a $47.6 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in worldwide 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company’s 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2020. For more information about global DENSO, visit https://www.denso.com/global/en