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Producer Manufacturing


Business Summary

DENSO Corp. engages in the manufacture and sale of automotive component and systems, industrial products, and home appliances. It operates through the following business divisions: Automotive, Consumer Products, Industrial Products, and New Business Fields. The Automotive division develops and manufactures powertrain control systems, gasoline and diesel engine management systems, semiconductor sensors, micro electronic devices, car and bus air conditioning systems, telematic products, body electronics, windshield wiper systems, power windows, power steering, and power sliding doors. The Consumer Products division offers CO2 refrigerant heat-pump water heaters, central air conditioners, and home energy management systems (HEMS). The Industrial Products division provides factory automation products such as industrial robots and programmable logic controllers. It also handles automatic identification products such as bar-code readers, quick response (QR) code readers, and integrated circuit (IC) card-related products. The New Business Fields division deals with energy management, agriculture technology, security, community network solution, healthcare, biotechnology, and electric power assistance technology. The company was founded on December 16, 1949 and is headquartered in Kariya, Japan.

Financial Highlights

Mar 2021 JPYUSD
Gross Profit1,118.19B10,543.27M
Operating income149,685M1,411.35M
Income before tax191,952M1,809.88M
Net income125,055M1,179.12M
Diluted EPS161.381.52
Dividends Per Share1401.32
Total Assets6,767.68B61,246.01M
Total liabilities2,690.96B24,352.64M
Total equity3,891.01B35,212.77M
Operating cash flow437,235M4,122.62M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 4,527.14B 5,108.29B 5,362.77B 5,153.47B 4,936.72B
Gross Profit 737,262M 1,275.27B 1,300.19B 1,204.99B 1,118.19B
Operating income 326,424M 406,093M 321,172M 64,179M 149,685M
Income before tax 360,858M 449,903M 356,031M 89,631M 191,952M
Net income 257,619M 320,561M 254,524M 68,099M 125,055M
EBITDA 573,685M 690,819M 631,995M 402,105M 513,490M
Diluted EPS 326.32 410.45 326.47 87.88 161.38
Dividends Per Share 120 130 140 140 140
Total Assets 5,150.76B 5,764.41B 5,792.41B 5,651.80B 6,767.68B
Total liabilities 1,703.68B 1,990.12B 2,022.04B 2,092.93B 2,690.96B
Total equity 3,312.72B 3,598.32B 3,595.69B 3,397.13B 3,891.01B
Operating cash flow 467,779M 558,001M 533,487M 595,320M 437,235M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 41,806.74M 46,090.22M 48,359.15M 47,398.84M 46,547.66M
Gross Profit 6,808.37M 11,506.31M 11,724.56M 11,082.83M 10,543.27M
Operating income 3,014.41M 3,664.02M 2,896.18M 590.28M 1,411.35M
Income before tax 3,332.40M 4,059.30M 3,210.53M 824.37M 1,809.88M
Net income 2,379.02M 2,892.30M 2,295.18M 626.33M 1,179.12M
EBITDA 5,297.79M 6,233.00M 5,699.05M 3,698.34M 4,841.62M
Diluted EPS 3.01 3.70 2.94 0.80 1.52
Dividends Per Share 1.10 1.17 1.26 1.28 1.32
Total Assets 46,224.19M 54,202.31M 52,332.42M 52,353.30M 61,246.01M
Total liabilities 15,289.23M 18,712.96M 18,268.49M 19,387.07M 24,352.64M
Total equity 29,729.19M 33,834.69M 32,485.83M 31,468.07M 35,212.77M
Operating cash flow 4,319.78M 5,034.63M 4,810.75M 5,475.42M 4,122.62M

Valuation Measures

Mar 2021
Operating margin3.03%
Profit margin2.53%

Key executives

  • President, CEO & Representative Director: Koji Arima
  • CFO & Senior Head-Corporate Administration: Yasushi Matsui
  • Chief Information Security Officer: Shoji Tsuzuki
  • Director, Chief Risk Officer, VP & Head-China: Sadahiro Usui
  • Chief Customer Officer, VP & Head-Toyota: Toshiyuki Kato


  • Toyota Motor Corp. (23.9%)
  • Toyota Industries Corp. (8.8%)
  • Towa Real Estate Co., Ltd. (4.2%)
  • Nomura Asset Management Co., Ltd. (3.2%)
  • Nippon Life Insurance Co. (2.7%)
  • DENSO Corp. (2.2%)
  • DENSO Employee Stock Ownership Plan (1.7%)
  • Aisin Corp. (1.5%)
  • Nikko Asset Management Co., Ltd. (1.5%)
  • Daiwa Asset Management Co. Ltd. (1.5%)

Contact Details

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Last Updated on 15 Oct, 2021

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