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Denso Corp (6902.T)

6902.T on Tokyo Stock Exchange

18 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Denso invests ‍$1 Bln in Maryville
Friday, 6 Oct 2017 10:15am EDT 

Oct 6 (Reuters) - Denso Corp <6902.T>::Says $1 billion investment in co's Maryville, Tennessee location​.Says ‍investment will create about 1,000 new production and support jobs, including technicians and engineers​.  Full Article

Toyota announces formation of Automotive Edge Computing Consortium
Thursday, 10 Aug 2017 03:11pm EDT 

Aug 10 (Reuters) - Toyota Motor Corp::Denso Corp, Ericsson, Intel, Nippon Telegraph and Telephone, NTT Docomo, Toyota Infotechnology Center, company initiated formation of Automotive Edge Computing Consortium.  Full Article

Ibiden sells treasury stock to Denso
Wednesday, 17 May 2017 03:30am EDT 

May 17(Reuters) - Ibiden Co Ltd <4062.T>:Says it completes distribution of 6.8 million shares of its treasury common stock at 1,758 yen per share through private placement to Denso Corp <<<6902.T>>>.Says it raised 12 billion yen in total through private placement.Says placement date May 17.  Full Article

R&I affirms DENSO Corp's rating at "AA+" and announces stable outlook -R&I
Thursday, 2 Feb 2017 01:45am EST 

DENSO Corp <6902.T> : Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA+" -R&I .Rating outlook stable -R&I.  Full Article

DENSO to fully acquire unit DAISHINSEIKI via stock swap
Wednesday, 1 Feb 2017 09:54pm EST 

DENSO Corp <6902.T> : Says the company plans to fully acquire 99.35-percent-owned auto parts manufacturing unit DAISHINSEIKI Co Ltd through stock swap, with effective on March 17 . One share of unit DAISHINSEIKI's stock will be exchanged with 7.9 shares of co's stock . 16,906 shares of co's stock will be exchanged .The unit DAISHINSEIKI will be the wholly owned subsidiary of co after the transaction.  Full Article

Denso to pay additional $193.8 mln to US consumers in auto parts settlement
Thursday, 14 Jul 2016 06:05pm EDT 

:Japan's Denso <6902.T> to pay out additional $193.8 million to American consumers in auto parts settlement - attorneys.  Full Article

Denso Corp - S.Korea fines Denso, Mitsubishi Elec in car part price-fixing case - Reuters
Tuesday, 23 Feb 2016 09:41pm EST 

Denso Corp:South Korea's anti-trust regulator fined Denso and Mitsubishi Electric a combined 1.14 billion won ($924,229.40) on Wednesday on charges of colluding to fix the prices of engine starter motors supplied to General Motors GM.N. - RTRS.This is the seventh price-fixing case involving global auto component makers probed by South Korea and comes amid a worldwide crackdown on car part cartels.In 2008, Denso and Mitsubishi Electric colluded on bid prices for the engine starter motors used in GM's Spark, Cruze and Orlando vehicles made in South Korea, the Fair Trade Commission said in a statement.Denso was fined 510 million won and Mitsubishi Electric 630 million won. Denso said it won't have to pay the fine because it has applied for a leniency program which enables a company to escape sanctions if on its own it reports the illegal conduct.An official at Mitsubishi Electric was not immediately available for comment.  Full Article

Denso lowers consolidated full-year outlook for FY 2016
Tuesday, 2 Feb 2016 09:20pm EST 

Denso Corp:Says the company lowered the consolidated full-year outlook for revenue to 4,480,000 mln yen from 4,520,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 332,000 mln yen from 350,000 mln yen.Sees a decrease of ordinary profit forecast to 370,000 mln yen from 383,000 mln yen.Sees a decrease of net profit forecast to 248,000 mln yen from 260,000 mln yen.Sees a decrease of earnings per share to 312.82 yen from 326.92 yen.Comments the performance of Q3 and exchange change are the main reasons for the forecast.  Full Article

Denso Corp - EU antitrust regulators to fine Japanese car accelerators cartel - sources - Reuters
Monday, 25 Jan 2016 05:33am EST 

Denso Corp:EU antitrust regulators are set to hand down fines shortly to a cartel of Japanese car parts makers involved in fixing prices of car accelerators and starters, two people familiar with the matter said on Monday - RTRS.The companies in the cartel are world No. 2 parts maker Denso, Mitsubishi Electric Corp and a Hitachi Ltd unit, the people said - RTRS.It was not clear if there was a whistleblower among them and which company this was. Companies which report a cartel to the European Commission are not sanctioned - RTRS.Commission spokesman Ricardo Cardoso declined to comment. A Denso spokesman said: "We are not in a position to comment on the investigation." Hitachi and Mitsubishi Electric officials were not immediately available for comment - RTRS.  Full Article

R&I affirms Denso Corp's rating at "AA+" and announces stable outlook
Friday, 15 Jan 2016 01:00am EST 

Denso Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA+".Rating outlook stable.  Full Article

Denso to invest $1 billion in Tennessee plant, create 1,000 jobs

DETROIT Japanese auto parts supplier Denso Corp plans to invest $1 billion in its Maryville, Tennessee plant to develop vehicle electrification and safety systems, creating around 1,000 jobs.