Denso

DENSO Corporation (株式会社デンソー, Kabushiki-Gaisha Densō) is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan.[3]

DENSO Corporation
Public (K.K)
Traded asTYO: 6902
TOPIX Core 30 Component
ISINJP3551500006 
IndustryAuto and Truck parts
FoundedDecember 16, 1949 (1949-12-16)
HeadquartersKariya, Aichi, Japan
Key people
Nobuaki Katoh
(Chairman)
Koji Kobayashi
(Vice Chairman)
Koji Arima
(President and CEO)
Revenue¥5,108.291 billion (2018)[1]
¥412.676 billion (2018)[1]
¥320.561 billion (2018)[1]
Total assets¥5,764.417 billion (2018)[1]
Total equity¥3,447.082 billion (2017)[1]
OwnersToyota Motor (24.77%)[2]
Toyota Industries (8.72%)
Websitehttps://www.denso.com/global/en/

After becoming independent from Toyota Motors, it was founded as Nippon Denso Co. Ltd. (日本電装株式会社, Nippon Densō Kabushiki-Gaisha) in 1949. About 25% of the company is owned by Toyota Motor.[4] Despite being a part of the Toyota Group of companies, as of the year ending March 2016, sales to the Toyota Group accounted for less than 50% of the total revenue (44% of the revenue originated from other car manufacturers in Japan, Germany, the U.S. and China).[5] In 2016, Denso was the fourth largest auto parts supplier in the world.[6]

As of 2016, Denso Corporation consisted of 189 subsidiaries (63 in Japan, 34 in the Americas, 34 in Europe and 58 in Asia/Oceania) with a total of 151,775 employees.[7] The company is further escalating its global production structure by establishing manufacturing complexes in India, Mexico and Indonesia in order to accommodate further global demand for their products.[8] In 2013 Denso was listed at #242 on the Fortune Global 500 list with a total revenue of $43.1 billion.[9]

Name meaning

The name Denso (電装, densō) is a blend word of the Japanese language terms for "electricity" (電気, denki) and "device" (装置, sōchi).

Sales

The company develops and manufactures various auto parts, including gasoline and diesel engine components, hybrid vehicle components, climate control systems, instrument clusters, air-bag systems, pre-crash radar systems, and spark plugs. Denso also develops and manufactures non-automotive components, such as household heating equipment, industrial robots and the QR Code. The Denso Industrial Robot gained wide public attention in Japan when it conducted a game of Shogi (Japanese Chess) against professional players.[10][11]

In 2014, DENSO's global sales were distributed as follows:

  • Thermal Systems 30.4%
  • Powertrain Control Systems 35.0%
  • Electronic Systems 15.3%
  • Electric Systems 9.4%
  • Electric Motors 7.0%
  • Other Automotive Products 1.4%
  • Industrial Systems, Consumer Products 1.1%
  • Other Non-Automotive Products 0.4%

In June 2020, Denso announced that it has opened its Electrification Innovation Center at its plant in Anjo, Aichi, Japan. The facility will support the company’s development of products and technologies for electric and hybrid vehicles.[12]

In August 2020, a class-action lawsuit was filed in Quebec over alleged defective fuel pumps in a number of Acura, Honda, Lexus, Toyota and Subaru vehicle models. A separate fuel pump lawsuit was filed for the remaining areas of Canada.[13]

Motorsports

Denso being a part of the Toyota Group has been very helpful for Toyota in participating and developing cars for the top motorsports series in the world, Denso makes autoparts and many other electronics for Toyota Racing Development as well as Toyota Motorsport GmbH in Cologne, Germany who operated Toyota's Formula One Team, Toyota's World Rally Championship Team and now Toyota's FIA World Endurance Championship team, Toyota TS030 Hybrid which use a Denso Kinetic Energy Recovery System (which consists of: Motor Generator Unit (MGU), Electric Motor and Inverter) finished second in the 2013 24 Hours of Le Mans. Being a part of the Toyota family, Denso products are also used for other Japanese Motorsport cars, Example Formula Nippon, and Japan Super GT 500/300.

Denso Wave

Denso Wave is a subsidiary that produces automatic identification products (bar-code readers and related products), industrial robots and programmable logic controllers.[14] They are noted for creating the two dimensional QR code, are a member of the Japan Robot Association and support the ORiN standard.

DENSO International America

DENSO International America is the American subsidiary of DENSO Corporation.

In 1970, DENSO Corporation decided to expand overseas from Kariya, Japan to North America. In March 1971 DENSO Sales California, Inc. was founded in Hawthorne, California. The company was staffed with only 12 associates, four of them were Americans. The objective of DENSO Sales California was to promote their air conditioner systems to be options in Japanese-made vehicles.

In May 1975 DENSO Corporation opened a sales division, DENSO Sales, in Southfield, Michigan.

In September 1975 DENSO International America opened a service center in Cedar Falls, Iowa. This was opened due to an agricultural parts contract with John Deere including starter motors and meters.

DENSO International America employs over 17,000 people at 38 locations between North, Central, and South America. At year end, on March 31, 2008, combined sales totaled $8.3 billion for all American locations.[15][16]

Price fixing

On January 30, 2012, the US Justice Department announced after two years of investigation that it had discovered part of a massive price fixing scheme in which Denso and Yazaki played a significant role. The conspiracy, which fixed prices and allocated components to such car manufacturers as Toyota and Honda, extended from Michigan to Japan, where it was also under investigation. Denso agreed to pay a fine of $78 million .[17]

gollark: Right?
gollark: No other dragons have suddenly become ungendered though.
gollark: On a specific breed, though? How would TJ09 mess that up?
gollark: How *did* TJ09 manage to break this, I wonder...
gollark: Well, probably not. The trader might have but probably didn't.

See also

References
  1. "Financial Results".
  2. "State of Shareholders / Investors (as of Sep. 30, 2013)". Denso Corporation. Retrieved 2014-01-11.
  3. "The page has been moved to a new location. - DENSO Global Website". globaldenso.com.
  4. "Principal Shareholders". Global Denso. Retrieved 29 April 2016.
  5. "投資家情報｜デンソー" (PDF). www.denso.co.jp.
  6. Treece, James B. (Apr 28, 2016). "Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14%". Autonews. Retrieved 29 April 2016.
  7. "Global DENSO Overview / About DENSO | DENSO CORPORATION". Globaldenso.com. Retrieved 2012-03-25.
  8. "投資家情報｜デンソー" (PDF). www.denso.co.jp.
  9. "Global 500 2013 - Fortune on CNNMoney.com". cnn.com.
  10. "ロボットで「王手」　デンソー、将棋電王戦に参戦". nikkei.com.
  11. ni2douga (14 March 2014). "【第3回将棋電王戦】ロボットアームの実力！駒並べと第一手" – via YouTube.
  12. "Denso opens electrification R&D centre in Japan". Just-auto. 9 June 2020. Retrieved July 6, 2020.
  13. "Denso Canada Lawsuit Filed Over Fuel Pumps". CarComplaints.com. 3 August 2020. Retrieved August 4, 2020.
  14. "Corporate Outline". Denso Wave Inc. Retrieved 2020-08-05.
  15. "About Us Overview | DENSO International America, Inc". Densocorp-na.com. Retrieved 2012-03-25.
  16. Proud Past, Strong Future: A History of DENSO’s First 50 Years (pg. 112-115)
  17. Associated Press, "U.S. fines Japanese auto parts suppliers $470 million", Japan Times, 1 February 2012, p. 1.
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