DENSO Corporation today announced that it will exhibit at the IAA Mobility 2023 to be held in Munich, Germany, September 5-10.
DENSO Exhibition Stand, Munich Exhibition Center (Hall A2 – D21)
DENSO will showcase the concepts of “Green” and “Peace of Mind” and DENSO’s unique approach to the ?2035 Vision?.
On the 4th of September recently-appointed DENSO President and COO Shinnosuke Hayashi will make his first European public appearance and speaking engagement during a press event at the DENSO exhibition stand.
DENSO Press Event Date and time: 4 September 2023, 14:20 to 14:40 CEST Location: DENSO Exhibition Stand, Munich Exhibition Center (Hall A2 — D21) Presenters: Shinnosuke Hayashi, President and COO of DENSO Corporation Yasushi Mukai, President and CEO, DENSO International Europe
DENSO Corporation today announced that it has set Scope 3(1) as a new target to reduce greenhouse gas emissions and has acquired SBT certification from the Science Based Targets initiative (SBTi(2)), an international initiative, in addition to the targets of Scope 1(1) and Scope 2(1).
DENSO has set newly established goals for Scope 3 to reduce CO2 emissions throughout the supply chain by 25% by FY 2030 from a FY 2020 base year. and has obtained SBT certification for this target. In addition to the SBT certification for Scope3, DENSO has set the goal of “achieving carbon neutrality throughout the entire supply chain by FY 2050(3).”
To attain these targets, DENSO will provide know-how on conserving energy by communicating closely with suppliers, as well as support for addressing issues faced by respective suppliers, such as switching to renewable energy and low-carbon materials. This approach will contribute to reducing the CO2 emissions generated during the manufacturing processes of components and raw materials procured by DENSO. Additionally, by developing products and systems that underpin the widespread use of electric vehicles, including HEVs, BEVs, and FCEVs, DENSO will work to decrease the CO2 emissions associated with the use of mobility incorporating its products.
In 2016, DENSO formulated “DENSO Eco Vision 2025,” an action plan to realize sustainable communities and society by promoting efforts toward carbon neutrality. By the end of FY 2020, DENSO set the goal of “achieving carbon neutrality by FY 2035.” By 2025, DENSO aims to switch to renewable electricity and achieve carbon neutrality for gas by using carbon credits, and to achieve carbon neutrality for electricity and gas without using carbon credits by 2035. To attain these objectives, DENSO is promoting various initiatives.
In FY 2021, Anjo Plant achieved carbon neutrality, followed by Nishio Plant, Hirose Plant, DENSO Fukushima, and DENSO Group companies across Europe in FY2022. Thanks to many years of efforts, DENSO was selected by CDP(4) for the A List(5), the highest rating, as a leading company in terms of efforts in “climate change” and “water security” and information disclosure in the evaluation of environmental efforts in FY2022.
Furthermore, with the goal of contributing to the overall reduction of societal CO2 emissions, DENSO aims to leverage the technology developed in the development of automotive components to establish and promote technologies for the collection and reuse of CO2 as well as the utilization of hydrogen.
DENSO will continue to accelerate its efforts toward CO2 reduction and contribute to the creation of a carbon-neutral society.
(1) The definitions of Scopes 1 to 3 are based on the brochure “Supply-chain emissions in Japan” published by the Ministry of the Environment. Scope1: Direct emissions of greenhouse gases from activities under the control of the organization, such as fuel combustion and industrial processes. Scope2: Indirect emissions resulting from the consumption of purchased electricity, heat, or steam. Scope3: Other indirect emissions, including those from activities not owned or controlled by the reporting organization, but related to its activities. (2) The SBTi is an international organization jointly established by the World Wide Fund (WWF), the CDP, the World Resources Institute (WRI), and the United Nations Global Compact (UNGC). Aiming to limit the global temperature increase to 1.5degC above pre-industrial levels as required by the Paris Agreement, the SBTi provides guidance to companies on setting specific targets based on scientific knowledge and awards SBT certification to companies that are recognized to meet the science-based targets (SBTs). (3) The goal of “achieving carbon neutrality throughout the entire supply chain by FY 2050” has not been certified by SBT. (4) CDP is a non-governmental organization (NGO) managed by a charity organization based in the U.K. It operates a global information disclosure system that enables investors, companies, nations, regions, and cities to manage their environmental impact. (5) DENSO Receives Highest Rating from CDP in “Climate Change” and “Water Security” www.denso.com/us-ca/en/news/newsroom/2022/20221213-01/
For more information visit www.denso.com/global/en/news/newsroom/2023/20230810-g01/.
DENSO Corporation has announced that it has acquired the full stake in Certhon Group, a Dutch horticultural facility operator, with the aim of accelerating the global expansion of its agricultural production business. In recent years, climate change and a decrease in the number of people taking up farming have led to unstable agricultural production, and the need to develop a stable and sustainable agricultural production system through the establishment of a climate-independent cultivation environment and the reduction of labor shortages and heavy workload. To solve these various issues in the food and agriculture field, DENSO and Certhon formed a capital alliance in March 2020, and in May of the same year jointly established DENSO AgriTech Solutions, Inc., which sells horticultural facility products to Japan and other Asian countries. Since then, the two companies have been involved in sales of agricultural greenhouses suited to each region of the world and have jointly developed solutions to solve future labor shortages.
Now, with the acquisition of all shares of Certhon by DENSO, the two companies will further accelerate their efforts to solve global food challenges by leveraging the strengths of both companies and the results of their past collaboration. With a history of more than 125 years, Certhon is a leading company renowned for its world-class advanced technologies in horticulture. The company excels not only in the development of solutions tailored to diverse customers, but also in integration capabilities that combine multiple systems to make optimal proposals. As a member of the DENSO Group, Certhon aims to develop innovative farm models that will change the way agriculture is conducted and to globally deploy solutions that meet regional characteristics and needs by combining DENSO’s process design and automation technologies developed in the automotive field with Certhon’s cultivation technologies and horticultural system technologies.
DENSO will continue to work towards solving social issues in the agricultural and food sectors and strive to provide new value by establishing a food value chain business encompassing production, distribution, and consumption.
Hidehiro Yokoo, Senior Executive Officer in charge of the Food Value Chain Business Development Division at DENSO, said, “Through the complete acquisition of Certhon, we will accelerate our efforts to solve global food and agricultural challenges. We firmly believe that Certhon is a unique partner with shared values and complementary technologies, and together we will continue to grow. DENSO will continue to collaborate with Certhon to provide solutions that deliver food safety and security, anytime, anywhere, and to anyone, forever.”
“DENSO has an international network and a strong reputation for developing cutting-edge technology and we look forward to further shaping the ground-breaking collaboration,” said Lotte van Rijn, General Director of Certhon. “DENSO’s investment ensures that we can maintain continuity for our employees, customers and suppliers, also in the future. It provides opportunities that are essential for a company like Certhon, which always wants to push the boundaries of quality and innovation.”
For more information, visit www.denso.com/global/en/news/newsroom/2023/20230801-g01/.
DENSO, a leading mobility supplier, today announced global financial results for its first quarter, ending March 31, 2024:
– Consolidated revenue totaled 1,712.9 billion yen (US$11.8 billion), a 21.0 percent increase from the previous year. – Consolidated operating profit totaled 94.4 billion yen (US$0.7 billion), a 48.3 percent increase from the previous year. – Consolidated profit attributable to owners of the parent company totaled 85.5 billion yen (US$0.6 billion), a 64.7 percent increase from the previous year.
“Revenue in the first quarter increased compared to the previous year due to the easing of the semiconductor shortage, vehicle production increase, foreign exchange gains and expansion of products for electrification, safety and peace of mind areas. Operating profit in the first quarter increased compared to the previous year due to production volume, foreign exchange gains and improvement, though the continuing rise in the cost of materials, especially electronic components,” said Yasushi Matsui, CFO, Vice President and member of the Board of Directors of DENSO CORPORATION. “In this fiscal year, we forecast 6,700.0 billion yen (US$46.2 billion) in revenue and 600.0 billion yen (US$4.1 billion) in operating profit. Revenue and operating profit will be based on strong sales actuals in the first quarter and forecast of foreign exchange gains and sales expansions in the second quarter. On September 30, 2023, as of record date, the shares of common stock owned by shareholders will be split into 4 shares per share. The annual dividend for the concluded fiscal year will be 200 yen as pre-stock split conversion. We will increase the dividend by a 5 yen in the second quarter and at the end of the fiscal year from the previous forecast. We will continue to improve DOE levels over the long term and in a stable manner.”
In Japan, revenue increased to 981.1 billion yen (US$6.8 billion), up 18.9% from the previous year, and operating profit was 24.8 billion yen (US$171.3 million), down 21.8% from the previous year.
In North America, revenue increased to 424.9 billion yen (US$2.9 billion), up 26.0% from the previous year, and operating profit was 6.3 billion yen (US$43.4 million) (Operating loss of 6.6 billion yen in the same quarter of the previous year).
In Europe, revenue increased to 198.4 billion yen (US$1.4 billion), up 19.4% from the previous year, and operating profit was 7.5 billion yen (US$51.4 million) up 109.3% from the previous year.
In Asia, revenue increased to 464.3 billion yen (US$3.2 billion), up 5.1% from the previous year and operating profit was 40.5 billion yen (US$279.4 million), up 41.1% from the previous year.
In other areas, revenue increased to 28.5 billion yen (US$0.2 billion), up 10.5% from the previous year, and operating profit was 5.0 billion yen (US$34.3 million), down 16.5% from the previous year.
For the full press release, please visit: www.denso.com/global/en/news/newsroom/2023/20230728-g01.
About DENSO CORPORATION
DENSO is a $47.9 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 its around 200 facilities to produce electrification, powertrain, thermal, mobility electronics, advanced devices to create jobs that directly change how the world moves. The company’s around 165,000 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 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 global DENSO, visit www.denso.com/global
DENSO Corporation today announced that it has concluded a memorandum of understanding (“MOU”) on starting negotiations for the transfer of selected internal combustion engine parts operations to Niterra Co., Ltd. The two parties reached a decision to sign the MOU during a board of directors meeting on July 10, 2023.
In the process of achieving carbon neutrality, electrification is picking up pace throughout the auto industry. At the same time, the auto industry is working to further evolve internal combustion engines, taking into account differences in energy situations and fuels used in each region and country. Under these circumstances, the automotive parts industry is expected to work to develop products for electric vehicles, while at the same time maintaining the competitiveness of the industry as a whole through various means including promoting business integration for products for internal combustion whose market is expected to shrink in the future. We will continue to meet the needs and expectations of our customers around the world and also we are expected to contribute to the realization of carbon neutrality.
In view of all these factors, DENSO has concluded MOU to transfer business operations for its Spark Plug and Exhaust Gas Sensor products (Oxygen Sensor and Air-Fuel Ratio Sensor) to Niterra Co., Ltd.
Niterra Co., Ltd. boasts some of the world’s leading technologies in its field, and by transferring operations related to these core internal-combustion-engine products to them, DENSO aims to enhance the product appeal of internal combustion engines parts by combing technologies and manufacturing capabilities. In addition, DENSO will accelerate the development of products for electric vehicles in preparation for the full-scale of electrification, and will also work on the development of energy management systems which will become increasingly important for electric vehicles. Through these efforts, DENSO will be able to offer products that are appealing to customers in terms of both performance and price in the entire automotive market, including internal combustion engines and electric vehicles, and contribute to the early realization of a carbon-neutral society.
Overview of the MOU:
DENSO and Niterra Co., Ltd. will begin deliberations aimed at a business transfer of domestic and international development, manufacturing, and sales functions for Spark Plug and Exhaust Gas Sensor products (Oxygen Sensor and Air-Fuel Ratio Sensor), which are part of DENSO’s internal combustion engines parts, to Niterra Co., Ltd.
Based on this MOU, both parties will proceed with discussions and negotiations toward finalizing the business transfer contract. The transfer will take place only after official approval has been obtained from competition law authorities in all countries and regions concerned, and after fulfilling all other requirements.
