Last updated
DENSO Corporation
Type Public (K.K)
TYO: 6902
TOPIX Core 30 Component
Industry Auto and Truck parts
FoundedDecember 16, 1949;71 years ago (1949-12-16)
Headquarters Kariya, Aichi, Japan
Key people
Nobuaki Katoh
Koji Kobayashi
(Vice Chairman)
Koji Arima
(President and CEO)
RevenueIncrease2.svg ¥5,108.291 billion (2018) [1]
Increase2.svg ¥412.676 billion (2018) [1]
Increase2.svg ¥320.561 billion (2018) [1]
Total assets Increase2.svg ¥5,764.417 billion (2018) [1]
Total equity Increase2.svg ¥3,447.082 billion (2017) [1]
Owners Toyota Motor (24.77%) [2]
Toyota Industries (8.72%)

DENSO Corporation (株式会社デンソー, Kabushiki-Gaisha Densō) is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan. [3]


After becoming independent from Toyota Motor, the company was founded as Nippon Denso Co. Ltd. (日本電装株式会社, Nippon Densō Kabushiki-Gaisha) in 1949. About 25% of the company is owned by Toyota. [4] Despite being a part of the Toyota Group of companies, as of the year ending March 2016, sales to the Toyota Group accounted for less than 50% of total revenue (44% of revenue originated from other car manufacturers in Japan, Germany, the U.S. and China). [5] In 2016, Denso was the fourth largest auto parts supplier in the world. [6]

In 2013, Denso was listed at #242 on the Fortune Global 500 list with a total revenue of $43.1 billion. [7]

As of 2021, DENSO Corporation consisted of 200 consolidated subsidiaries (64 in Japan, 23 in North America, 32 in Europe, 74 in Asia, 7 in Oceania and other regions).


The name Denso (電装, densō) is a blend word of the Japanese terms for "electricity" (電気, denki) and "device" (装置, sōchi).


The company develops and manufactures various auto parts, including gasoline and diesel engine components, hybrid vehicle components, climate control systems, instrument clusters, airbag systems, pre-crash radar systems, and spark plugs. Denso also develops and manufactures non-automotive components, such as household heating equipment and industrial robots. A Denso industrial robot gained wide public attention in Japan when it conducted a game of shogi against professional players. [8] [9]

In June 2020, Denso announced the opening of its "Electrification Innovation Center" at its plant in Anjō. The facility will support the company’s development of products and technologies for electric and hybrid vehicles. [10]


In 2014, Denso's global sales were distributed as follows:

Denso Wave

Denso Wave is a subsidiary that produces automatic identification products (barcode readers and related products), industrial robots, and programmable logic controllers. [11] They are noted for creating the two-dimensional QR code, are a member of the Japan Robot Association, and support the ORiN standard.

Denso International America

Denso International America is the American subsidiary of Denso.

In 1970, Denso Corporation decided to expand overseas from Kariya, Japan, to North America. Denso Sales California, Inc. was founded in Hawthorne, California, in March 1971. The company was staffed with only 12 associates, four of them being Americans. The objective of Denso Sales California was to promote their air conditioner systems as options in Japanese-made vehicles.

In May 1975, Denso Corporation opened a sales division, Denso Sales, in Southfield, Michigan.

In September 1975, Denso International America opened a service center in Cedar Falls, Iowa. This was opened due to an agricultural parts contract with John Deere that included starter motors and meters.

Denso International America employs over 17,000 people at 38 locations between North, Central, and South America. At year end, on March 31, 2008, combined sales totaled $8.3 billion for all American locations. [12] [13]


As Denso is a part of the Toyota Group, it has assisted Toyota in participating and developing cars for motorsports. Denso manufactures electronics and other parts for Toyota Racing Development and Toyota Gazoo Racing. The Toyota TS030 Hybrid, using a Denso kinetic energy recovery system, finished second in the 2013 24 Hours of Le Mans.

Denso products are also used in other Japanese motorsports, including Super Formula and Super GT.


Price fixing

On January 30, 2012, the US Justice Department announced after two years of investigation that it had discovered part of a massive price fixing scheme in which Denso and Yazaki played a significant role. The conspiracy, which fixed prices and allocated components to such car manufacturers as Toyota and Honda, extended from Michigan to Japan, where it was also under investigation. Denso agreed to pay a fine of $78 million. [14] [15]

Fuel pump lawsuits

In August 2020, a class-action lawsuit was filed in Quebec over alleged defective fuel pumps in a number of Acura, Honda, Lexus, Subaru, and Toyota vehicle models. A separate fuel pump lawsuit was filed for the remaining areas of Canada. [16]

See also

Related Research Articles

Toyota Japanese multinational automotive manufacturer

Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. In 2017, Toyota's corporate structure consisted of 364,445 employees worldwide and, as of December 2019, was the tenth-largest company in the world by revenue. Toyota is the largest automobile manufacturer in the world followed by Volkswagen Group, based on 2020 unit sales. Toyota was the world's first automobile manufacturer to produce more than 10 million vehicles per year, which it has done since 2012, when it also reported the production of its 200 millionth vehicle. As of July 2014, Toyota was the largest listed company in Japan by market capitalization and by revenue.

Panasonic Japanese multinational electronics corporation founded by Kōnosuke Matsushita

Panasonic Corporation, formerly known as the Matsushita Electric Industrial Co., Ltd. is a major Japanese multinational electronics company, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb socket manufacturer. In addition to consumer electronics of which it was the world's largest maker in the late 20th century, Panasonic offers a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as home renovation and construction.

Hitachi Japanese multinational engineering and electronics company

Hitachi, Ltd. is a Japanese multinational conglomerate company headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group and had formed part of the Nissan zaibatsu and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure.

Magna International Canadian automotive supplier

Magna International Inc. is a Canadian mobility technology company for automakers. Magna is currently investing heavily in AI, and Level 5 Automation. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts, it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford Motor Company and FCA, as well as BMW, Mercedes, Volkswagen, Toyota, and Tesla Motors, among others.

ZF Friedrichshafen German car parts maker

ZF Friedrichshafen AG, also known as ZF Group, originally Zahnradfabrik Friedrichshafen, and commonly abbreviated to ZF, is a German car parts maker headquartered in Friedrichshafen, in the south-west German state of Baden-Württemberg.

The Toyota Group is a group of companies that have supplier, vendor and investment relationships with Toyota Industries and Toyota Motor vehicle manufacturing facilities. It is similar to a keiretsu in that no particular entity has outright control over the entire group, although unlike most keiretsu it does not contain a major bank. It started with the loom manufacturing company Toyota Industries.


Aisin Corporation is a Japanese corporation that develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 359 on the 2020 rankings. They are a member of the Toyota Group of companies.

FAW Group Chinese Automobile Company

FAW Group Corporation is a Chinese state-owned automotive manufacturing company headquartered in Changchun, Jilin, China. Its principal products are automobiles, buses, light, medium and heavy-duty trucks, and auto parts. FAW became China's first automobile manufacturer when it unveiled the nation's first domestically produced passenger car, the Hong Qi, in 1958.

Denso Ten Limited is a Japanese company developing and manufacturing car audio, video, navigation and control systems. The headquarters is located in Kobe, Hyōgo Prefecture, Japan. As its name shows, Denso Ten belongs to the Denso group led by Denso Corp., which is the second largest auto parts supplier in the world.


Yazaki Corporation is a global automotive parts supplier with a focus on wire harnesses, instruments and components such as connectors and terminals. The company's origin and headquarters are in Japan, but in 2011, roughly 90% of its employees were outside the home country.

The automotive industry crisis of 2008–2010 was a part of the financial crisis of 2007–2008 and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement.

Automotive industry in Canada Overview of the automotive industry in Canada

The automotive industry in Canada consists primarily of assembly plants of foreign automakers, most with headquarters in the United States or Japan, along with hundreds of manufacturers of automotive parts and systems.

Subaru Japanese automobile manufacturing company

Subaru (スバル) is the automobile manufacturing division of Japanese transportation conglomerate Subaru Corporation, the twenty-first largest automaker by production worldwide in 2017.

This article provides an overview of the automotive industry in countries around the world.

Toyota Motor East Japan is a manufacturing subsidiary of the Toyota group based in Japan. It was founded in July 2012 by the merger of Kanto Auto Works Ltd, Central Motor Co. Ltd and Toyota Motor Tohoku Corporation.

Auto Parts Warehouse (APW) is an American online retailer of automotive parts and accessories for cars, vans, trucks, and sport utility vehicles. Along with and JC Whitney, it was one of the flagship websites of, a publicly traded American online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. In April 2020, Auto Parts Warehouse was merged into

Automotive industry in Vietnam

Automotive industry in Vietnam is a fast growing sector, mainly reliant on domestic sales. All currently produced models are designed abroad by foreign brands, and many rely on knock-down kit production. Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements. Currently, the Vietnamese motor industry is not deemed competitive enough to make exports feasible. As of April 2018, 85% of car sales in Vietnam were produced domestically from CKD kits.

Toyota Auto Body is a manufacturing subsidiary of the Toyota group based in Japan. It is headquartered in Kariya, Aichi and was established in 1945. The company has plants in the Mie and Aichi prefectures and other facilities around Japan and abroad.

Subaru Legacy (seventh generation) Motor vehicle

The Subaru Legacy (BW/BT) is the seventh generation of the Legacy range of mid-size cars. It made its debut at the 2019 Chicago Auto Show on February 7, 2019 and went on sale in the third quarter of 2019. This is the first Legacy model that isn't officially sold in Japan, as the nameplate usage ended there in June 2020.

Automotive industry in the Philippines Overview of the automotive industry in the Philippines

The automotive industry in the Philippines is the 9th largest in the Asia-Pacific region, with approximately 273.4 thousand vehicles sold in 2019. Most of the vehicles sold and built in the Philippines are from foreign brands, for the most part, the Philippines is dominated by Japanese automobile manufacturers like most of its ASEAN neighbors. The automobile production in the country is covered under the Philippine Motor Vehicle Development Program being implemented by the Board of Investments. In addition, there are also a small number of independent firms who assemble and fabricate jeepneys and other similar vehicles, using surplus engines and drivetrain parts mostly from Japan.


  1. 1 2 3 4 5 "Financial Results".
  2. "State of Shareholders / Investors (as of Sep. 30, 2013)". Denso Corporation. Retrieved 2014-01-11.
  3. "The page has been moved to a new location. - DENSO Global Website".
  4. "Principal Shareholders". Global Denso. Retrieved 29 April 2016.
  5. "投資家情報|デンソー" (PDF).
  6. Treece, James B. (Apr 28, 2016). "Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14%". Autonews. Retrieved 29 April 2016.
  7. "Global 500 2013 - Fortune on".
  8. "ロボットで「王手」 デンソー、将棋電王戦に参戦".
  9. ni2douga (14 March 2014). "【第3回将棋電王戦】ロボットアームの実力!駒並べと第一手" via YouTube.
  10. "Denso opens electrification R&D centre in Japan". Just-auto. 9 June 2020. Retrieved July 6, 2020.
  11. "Corporate Outline". Denso Wave Inc. Retrieved 2020-08-05.
  12. "About Us Overview | DENSO International America, Inc". Retrieved 2012-03-25.
  13. Proud Past, Strong Future: A History of DENSO’s First 50 Years (pg. 112-115)
  14. Bunkley, Nick (2012-01-30). "Japanese Auto Suppliers Are Fined, and Executives Agree to Prison, in a Price-Fixing Case (Published 2012)". The New York Times. ISSN   0362-4331 . Retrieved 2020-12-02.
  15. Associated Press, "U.S. fines Japanese auto parts suppliers $470 million", Japan Times , 1 February 2012, p. 1.
  16. "Denso Canada Lawsuit Filed Over Fuel Pumps". 3 August 2020. Retrieved August 4, 2020.