DENSO, Companies Initiate Demonstration to Expand Automotive Recycling Process

DENSO CORPORATION and other partners have been chosen by an industry-government-academia collaborative project aiming to expand the recycle content for automobile in the fiscal year 2023 supported by Ministry of the Environment, Japan. The project, titled “Demonstration of Manufacturing-and-Recycling Integrated Process for Horizontal Cycle* Enabled by Automated Sophisticated Dismantling of ELVs, (end-of-life vehicles)” has begun in early March and is scheduled to conclude by the end of January 2025.

Project participants include REVER CORPORATION, DIC Corporation, UACJ Corporation, Kaneshiro Sangyou, KYUSHU METAL INDUSTRY CO., LTD., SUMITOMO CHEMICAL COMPANY, Daido Steel Co., Ltd., Toray Industries, Inc., Toyoda Gosei Co., Ltd., TOYOTA BOSHOKU CORPORATION, Nomura Research Institute, Ltd., Furukawa Electric Co., Ltd., MATEC Inc., Mitsui Chemicals, Inc., Waseda University, and others.

In recent years, the automotive industry has sought to transition to a circular economy to achieve a more sustainable society. In the effort, it is necessary to significantly expand the use of recycled materials in automotive products, helping reduce the need for freshly cultivated natural resources.

Even so, current global processes often involve shredding ELVs and separating the remaining materials for use in recycled products, a process that can make acquiring high-purity material a challenge. Further compounding the issue is a lack of shared standards between the manufacturing and recycling industries. Moreover, the recycling industry responsible for ELV processing faces business challenges such as severe labor shortages and the need to optimize work environments. Addressing these challenges requires a shift towards new processing methods for ELVs that not only solve these issues but also ensure the quality and quantity of recycled materials.

In this project, participating companies such as ELV dismantling and shredding operators, dismantling system providers, material manufacturers, automotive parts manufacturers, and research institutions are collaborating to realize a new ELV processing method based on automated sophisticated dismantling and conduct a technology demonstration of an integrated process.

Through this demonstration, the group will identify the challenges involved in implementing this integrated ecosystem that combines manufacturing and recycling industries within society. Specifically, the project will include the technology demonstration of the automated sophisticated dismantling process, the high-purity and re-resource processes for various materials extracted through advanced dismantling, and the prototyping and evaluation of parts made from these recycled materials. Additionally, the project will verify the sustainability of the whole process, evaluating how much carbon output it can reduce compared to current processes.

We will aim to contribute to the expansion of recycled materials in automotive parts and the realization of a circular economy in the automotive industry through this demonstration.

*Horizontal Cycle: A recycling system that utilizes used products as resources to produce the same product.

Topic: Press release summary

DENSO Announces Third Quarter Financial Results

DENSO, a leading mobility supplier, today announced global financial results for its third quarter, ending December 31, 2023, for its 2024 fiscal year, ending March 31, 2024:

  • Consolidated revenue totaled 5,354.9 billion yen (US$37.8 billion), a 15.5 percent increase from the previous year.
  • Consolidated operating profit totaled 238.6 billion yen (US$1.7billion), a 11.0 percent decrease from the previous year.
  • Consolidated profit attributable to owners of the parent company totaled 175.6 billion yen(US$1.2billion), a 11.2 percent decrease from the previous year

“Revenue in the third quarter increased compared to the previous year due to the strong vehicle sales mainly in Japan and North America, foreign exchange gains and expansion of products for electrification, safety and peace of mind areas. Operating profit in the third quarter decreased compared to the previous year due to the continuing rise in the cost of materials, especially electronic components, and the adding provision for quality, though production volume, foreign exchange gains and improvement.” said Yasushi Matsui, CFO, Vice President and member of the Board of Directors of DENSO CORPORATION. “In this fiscal year, we forecast 7,120.0 billion yen (US$50.2 billion) in revenue and 495.0 billion yen (US$3.5 billion) in operating profit. Forecast of revenue will be based on actuals of foreign exchange gains in the third quarter and forecast in the fourth quarter. Forecast of operating profit will be based on the adding provision for quality.”

In Japan, revenue increased to 3,148.3 billion yen (US$22.2 billion), up 17.0% from the previous year, and operating profit was 22.4 billion yen (US$157.6 million), down 84.8% from the previous year.

In North America, revenue increased to 1,286.0 billion yen (US$9.1 billion), up 18.8% from the previous year, and operating profit was 27.5 billion yen (US$194.0 million) (Operating loss of 15.0 billion yen in the same quarter of the previous year).

In Europe, revenue increased to 570.4 billion yen (US$4.0 billion), up 16.2% from the previous year, and operating profit was 22.4 billion yen (US$157.9 million), up 145.6% from the previous year.

In Asia, revenue increased to 1,521.2 billion yen (US$10.7 billion), up 3.5% from the previous year and operating profit was 149.4 billion yen (US$1,053.6 million), up 31.6% from the previous year.

In other areas, revenue increased to 81.9 billion yen (US$0.6 billion), up 6.6% from the previous year, and operating profit was 15.1 billion yen (US$106.3 million), down 2.3% from the previous year.

The above forecasts are created based on information obtained by the date of this announcement and the actual results may differ due to various causes in the future. U.S. dollar amounts have been translated, for convenience only, at the rate of 141.84 yen = US$1, the approximate exchange rate prevailing in the Tokyo Foreign Exchange Market on December 29, 2023. Billion is used in the American sense of one thousand million. Foreign exchange rates of the Forecast for Fiscal Year Ending March 31, 2024, as a precondition are US$= 143.7 yen, Euro= 155.2 yen, CNY=20.0 yen.


Globally headquartered in Kariya, Japan, DENSO is a $47.9 billion leading 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 around 200 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, among others, that change how the world moves. In developing such solutions, the company’s 165,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2023. For more information about DENSO’s operations worldwide, visit

Topic: Press release summary

DENSO Integrates the Management of Three Group Companies in Brazil

DENSO CORPORATION today announced that it has integrated the management of three production and sales companies in Brazil as of January 1, 2024: DENSO DO BRASIL LTDA., DENSO MAQUINAS ROTANTES do BRASIL LTDA., and DENSO SISTEMAS TERMICOS do BRASIL LTDA. After the integration, the new DENSO DO BRASIL LTDA. manufactures and sells automotive components, including thermal products, which were previously produced independently by the three companies.

Location of new DENSO DO BRASIL LTDA

In 1975, DENSO established in Brazil a sales company for aftermarket car air conditioners, which was the predecessor of DENSO DO BRASIL LTDA. DENSO has since grown its business in the country, expanding its Brazil offerings to include electrical components and alternators, as well as instrument clusters and wiper systems.

In 2022 fiscal year, DENSO’s revenue in Brazil exceeded 70 billion yen. To reinforce the business foundation for future growth, DENSO has integrated the management of its three production and sales companies in the country.

Through the integration, DENSO will consolidate and streamline corporate management to increase operational efficiency and strengthen the company’s ability to withstand the changing business conditions. The move will also enhance DENSO’s ability to propose new solutions and systems to customers through deeper collaboration between businesses.

DENSO remains committed to contributing to the development of the local economy and the automotive industry by meeting the needs of regional customers.

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Topic: Press release summary

DENSO Joined Advanced SoC Research for Automotive

Twelve companies, automotive, electrical component, and semiconductor manufacturers, established the “Advanced SoC Research for Automotive” (ASRA) on December 1 to conduct research and develop high-performance digital semiconductors (System on Chip, SoC) for use in automobiles. ASRA will conduct research and development of SoC for automobiles using chiplet technology, with the aim of installing SoC in mass-production vehicles from 2030 onward.

Please see the details on the link:

Topic: Press release summary

Japan – DENSO Announces Organizational and Executive Changes

DENSO Corporation, a leading mobility supplier, today announced changes to its organizational structure, executives’ responsibilities and personnel, effective January 1, 2024.

DENSO has stated at “DENSO DIALOG DAY 2023” that it will evolve from being “a Tier 1 supplier that supports the auto industry” to “a Tier 1 supplier that supports a mobility-centered society”, aiming to maximize the value of theentire mobility society, in addition to vehicles. To achieve this, DENSO has announced its commitment to threechallenges: “evolution of mobility,” “strengthening of foundational technology,” and “creating new value.” To materialize these goals, the following organizational and executive changes will be implemented.

In terms of the executive structure, two executive vice presidents will assume responsibility for the company’s major management resources in the following two areas, accelerating the formulation and execution of growth strategies. Additionally, to strengthen and expand technological development areas that will spur new growth, a Chief Innovation Officer (CIO) position will be established.

I.  Organizational Changes

1. To strongly promote the electric propulsion unit business for aerial mobility, various functions within theElectrification Systems Business Group will be consolidated, and a new “Electric Sora- Mobi Business Promotion Division” will be established. This organization will be built with the aim of future mass production, encompassing advanced development, production technology, and quality assurance.

2. In the inverter business, DENSO has been strengthening its horizontal lineup that can be installed in various electric mobility options such as HEVs, PHEVs, BEVs, and FCEVs. However, moving forward, to expand the vertical lineup from electric drive systems to components to components such as power modules, the module and power card divisions within the Advanced Devices Business Group will be consolidated into the Electrification Systems Business Group, to establish a responsive system to meet diverse customer needs.

3. The UX(1) Innovation Center Dept. within the Mobility Electronics Business Group and the human research and UX development functions within the Research and Development Center will be merged to establish the “CX(2) Center Department” By expanding the scope of consideration from the user’s perspective of utilizing existing products to the customer’s perspective, including services and the entire cycle, innovative UX and CXdevelopment that is in harmony with the mobility society will be promoted.

4. To lay a foundation for DENSO’s hydrogen business that combines the company’s strengths in thermal management technology and advanced material technology, a new “Hydrogen Business Development Division” will be created. The aim is to connect industries using hydrogen as a core, and to connect various types of energy towards achieving a carbon-neutral society.

(1) UX: User Experience (customer experience in using products and services)
(2) CX: Customer Experience (overall customer experience from encountering products and services to after-sales support)

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