Company Profile For DENSO CORPORATION

Denso Corporation is a Japan-based company mainly engaged in the manufacture and sale of automobile parts. The Company has two business divisions. The Automobile division manufactures and sells products in six categories: thermal systems, which include automobile heating and cooling devices; power train control systems, which include diesel and gasoline engine-related products; electronic systems, which include engine control computer and semiconductor sensors; electrical systems, which include starters, inverters and alternators; information and safety systems, which include automobile body equipment and information technology systems (ITSs), and motors, which include windscreen wiper systems and power steering motors. The New Business division is engaged in the manufacture and sale of industrial equipment, such as automatic recognition systems, factory automation equipment, as well as cooling and air-conditioning-related products, in addition to daily life-related equipment.

BRIEF: For the six months ended 30 September 2009, Denso Corporation's revenues decreased 31% to Y1.302T. The Company's net income decreased 91% to Y5.05B. Revenues reflect lower sales volume from domestic and foreign markets due to negative impact from foreign exchange loss. Net income also suffers from higher percentage of cost of sales and selling, general & administrative expenses as well as decreased dividend income.