Corporate Brochure & Profile

MOBILITYImproving the lives of vehicles and their drivers.

Anytime, Anywhere

As new technologies are developed, a vehicleʼs efficiency, safety, comfort, and

convenience can also be taken to greater heights in order to pursue the

pleasure of driving. At DENSO, we not only manufacture the most essential

parts, but also ensure they work together seamlessly to support the entire life

of your vehicle. Thatʼs why DENSO supports our customers with a variety of

aftercare and maintenance services for the life of the vehicle. After all, our

work doesnʼt end when the vehicle leaves the factory. Our work begins every

time a driver steps behind the wheel. And it only ends after countless miles

have passed filled with improved joy and beauty.

Bringing hope for the future for our planet,society and all people

We have a mission, as stated in our Philosophy: Contribute to a better world by creating value together with a vision for the future. Tackling that mission is more important than ever. Our Long-term Policy articulates a shared commitment by all DENSO employees to optimize our social impact in all our operations. The Long-term Policy covers the 10 years to 2030. It calls for us to step-up our efforts to preserve environmental quality and to ensure safety while continuing to provide people everywhere with the comfort and convenience of driving. In non-mobility operations, we are working to improve the quality of life by deploying technologies nurtured in our mobility operations as well as completely new technologies. Those technologies include advances in home energy management systems and in health maintenance and medical care. DENSOʼs 170,000 employees are working in the spirit expressed in our Long-term Policyʼs slogan: Bringing hope for the future for our planet, society and all people.

CONTENTS MOBILITY

INDUSTRY & HOME

FORESIGHT

CORPORATE SOCIAL RESPONSIBILITY

DENSO GROUP INFORMATION

01 02

P.02-11

P.12-14

P.15-16

P.17-18

P.19-30

Bringing people and vehicles together for the next generation.

Smarter vehicles for you and the planet.

The harder the test, the better the vehicle.

Adaptive Electronics Platform

The role of the Electronics Platform is to connect vehicles with our larger society by uniting and integrating the latest systems. This allows the components of each system to improve safety, performance, and overall comfort. In the future, expanding features and functions to the vehicle will be simple. A flexible and powerful system ensures a state-of-the-art drive regardless of future needs. The DENSO Electronics Platform promises that the vehicles of tomorrow will not only be attractive, but will provide unparalleled freedom of choice and performance for the next generation.

Smarter vehicles with advanced electronics systems can do more than provide a thrilling, carefree, synchronized driving experience. They can help create a better planet. The thoughtful intelligence engineered into todayʼs vehicles goes on to provide efficiency gains and even noise dampening. At the DENSO Electronic Systems Business Group, this integrated approach is at the heart of superior, effortless performance. Our systems go past the driver to ultimately benefit the environment and others as well.

Whether itʼs across town or across a scorching desert, everyone wants their vehicleʼs electronics systems to work normally, even under the harshest physical conditions. To make this possible, the DENSO Electronic Systems Business Group creates end-to-end solutions that span the entire vehicle. From Electronics Platform, to software development, our integrated systems protect vehicles from cyber attack, unauthorized access, and more. In order to shape the dream of future transportation, DENSO develops tough, integrated, end-to-end solutions from software to hardware.

High Performance Systems Robust Design

ECU Design

Semiconductor Design

DENSO fully utilized its submicron-level processing technology and expediently developed original semiconductors of high-function/precision, together with our affiliated system groups, which satisfy the criteria for vehicle-installed semiconductors. They revolutionize system performances and enable a reliable supply of compact, robust and long-lasting devices based on our vehiclespecific technical development (for semiconductor processing/implementation and analogue/digital integrated circuits).

Device design to realize customized vehicle installation

ECU (Electronic Control Unit) is essential to every system. DENSO has developed various types of ECU by clarifying the common designs for all systems and custom designs for system optimization. We have realized flexible ECU designing by means of rapid software development through use of BSW (Basic Software) and ASIC (Application Specific IC) on the basis of MPU (Micro Processing Unit).

Flexible design to meet all ECU requirements

Key Technologies

Core Values of Electronic Systems Business

The DENSO Electronic Systems Business Group wants tocreate out-of-the-box vehicles that are as thrilling as they are intelligent.Our goal is to nurture and grow countless ideasthat improve vehicle systems in the field of intelligent electronics.With so many possibilities, DENSO is constantly moving closer to creatingthe innovative vehicles of your dreams.

The Core of Intelligence

GROUNDDreaming of a more intelligent vehicle.

03 04

Complete Control

Best Utilization of Energy

Being responsive to the driverʼs intention, DENSO powertrain system enables every driving operation perfectly dedicated to driverʼs satisfaction.

By reducing wasteful use of energy and regenerating waste energy, DENSOʼs systems make the best of our precious resources.

Drive at your pleasure

Clean AirAs one of the environmental solutions, DENSO achieves a substantial reduction of greenhouse gas emission through less electricity usage as well as performing exhaust emission control.

Key Technologies

Love the earth and the pleasure of driving.

Eco-friendly for the long haul. Fresh air comes in, fresh air goes out.

Joy Drive

A vehicle not only moves people, it moves our hearts and souls. Thankfully, maintaining the joy of driving a responsive vehicle while reducing potential environmental damage has become much more widely accepted today. This has enabled us to continue developing responsive powertrains that instantly gives the driver the power and joy they seek while preserving the planet they cherish.

Innovations in efficiency and power management will take us further into a new world of more environmentally conscious vehicles. Whether that means driving longer on a single charge, or developing more efficient gasoline, diesel, hybrid, and electrical vehicle engines, the future is clear. While the issues of today and tomorrow are met with open eyes, it is essential to plan for the long road ahead.

What if driving could actually help return the air back to its natural state? Itʼs these types of questions that inspire the vehicles of tomorrow. By developing technologies that reduce harmful gasses like NOx and HC, these innovative ideas are one step closer to becoming a reality. With these goals in mind, DENSO will continue to develop ecofriendly technologies so driving pleasure can reach to new thrilling heights.

Drive Longer Cleaner Drive

Core Values of Powertrain & Electrification Systems Business

Typically, the word “driving power” evokes adrenaline pumping experiences that meld driver and vehicle.At DENSO, it goes far beyond the expected response from vehicles.Our goal is to balance the joy of driving with the eco-friendly values that preserve our environment.While these may seem contradictory ends, finding a balance is essential to ensure weʼll all be able to drive beyond the horizon in ways weʼve never imagined.

Joy that fuels you and the planet.

The Core of Driving Pleasure

HORIZON

05 06

Longer on less Intelligent Comfort

Thermal Control

Heat/Cool Generation

DENSO raises the efficiency of powertrain to maximum by controlling the heat and the air flow inside the engine compartment.

DENSO improves the fuel consumption of vehicles by realizing highly efficient cold/warm heat generation for cooling and heating operations.

Fuel economy improvement

Efficiency improvement in powertrain

Wellness DENSO aims at creating a safe, secure and comfortable space for the drivers to enjoy a fine physical and mental condition which helps them to be focused on the driving comfortably.

Creation of safe, secure, comfortable space

Key Technologies

Stay comfortably considerate. Comfortable driving is safer driving.

Comfort goes beyond a luxurious interior. This is why the DENSO Thermal Systems Group has developed thermal management technologies that consume less energy while simultaneously improving engine function. As a result, drivers and passengers can rest assured knowing their comfort wonʼt harm the environment. Together with DENSO, dreams of going farther goes on.

DENSO believes a comfortable driver is a safer, more focused driver. That is why DENSO Thermal Systems are engineered to intelligently monitor the driverʼs physical condition and automatically adjust temperature, humidity, fragrance, and more. This also enables passengers to enjoy a more tranquil experience. As a result, the driverʼs attention can stay where it belongs, on the road ahead.

Core Values of Thermal Systems Business

The Core of Comfort

OASISFrom the beginning, it was not enough just to provide a stress-free driving Oasiswhen itʼs blazing hot or freezing cold.In developing the Thermal Core Technologies, our goal was to design a system that is as comfortable and safe for drivers and passengers as it is for the environment.With the DENSO Thermal Systems Groupʼs innovative thermal management technologies, weʼll all be able to breathe a little easier, no matter what comes next.

Making your vehicle the most comfortable place to be.

07 08

Going beyond natural human abilities, DENSO monitoring systems can read the environment surrounding the vehicle and detect objects.

Sensing

Predict risks that may arise on the road ahead by using data from other vehicles and public infrastructure.

Prediction

By improving interaction between drivers, passengers and vehicles, user-centered design helps provide a safe, stress-free space for all.

Interactivity

Conveniently connect to global networks and services to ensure a more enjoyable and truly modern ride.

Connectivity

Be prepared for the expected and unexpected in the event of a malfunction, traffic collision, or cyber attack.

Protected

Five Key FunctionsThe Core of Experience

HARMONYAs technology continues to push the boundaries of whatʼs possible, the DENSO Mobility Systems Group ensures these advancements help everyone move more freely by ultimately harmonizing people, vehicles, and society.By combining and integrating cutting-edge technologies, we help drivers feel safe, secure, and comfortably focused.The result is synchronous harmony that provides people a more impressive experience.

Orchestrating the excitement of a new era.

There is no end to safety technology. Your vehicle always has your back. Be moved like never before.

Protecting Lives

To achieve our ultimate goal -no traffic accidents-, we will never stop improving safety technologies. To help prevent collisions before they happen, and minimize any damage in the event of a collision, Active Safety monitors the vehicleʼs surroundings for potential dangers. In the event of a collision, Passive Safety detects vehicle damage and even recognizes the type of collision. Whether itʼs before, during, or after an incident, DENSO remains devoted to developing safety technology that supports the irreplaceable value of life.

DENSO understands the needs of people and are always working to improve their wellbeing. Stepping behind the wheel comes with inevitable concerns about becoming lost, traffic delays, or losing focus. Addressing these concerns while providing a reliable experience is essential. Information Communication Technology seamlessly networks vehicles with other vehicles and city infrastructure to deliver real-time updates while actively monitoring the wellbeing of drivers and passengers. By providing a reliable, trustworthy experience, confident drivers can move on to a better driving experience.

In order to improve driving comfort and pleasure, DENSO incorporates information and intelligence into vehicles to help create greater harmony between people, vehicles and society. By connecting vehicles and services worldwide, drivers and passengers can enjoy a more pleasant driving experience while helping maximize automated driving reliability. All of which promises to bring new value to mobility. In order to offer driving comfort and excitement like never before, DENSO will continue to move people, vehicles, and society into the future of our dreams.

Peace & Reliability The Future of Wow

Core Values of Mobility Systems Business

09 10

INDUSTRY & HOME

At DENSO, we believe that there are no limits to the power of

technology to advance society. That is why we are constantly

innovating new technologies. These are ideas that go well

beyond our automotive base, and serve greater society, in

homes and industries. We challenge ourselves every day to

make the world a safer, more comfortable and convenient

place, and to be kind to the environment. Today, tomorrow,

and well into the future, we believe we can achieve a brighter

world for everyone.

Technology the world is waiting for.

Above and Beyond

Whenever, Wherever

No matter what the circumstances, we want to provide every driver a fulfilling experience for as long as they own their vehicles.

Our diagnostics equipment determines exactly where the problem is, and our local support network quickly finds and delivers the proper replacement parts. We are also constantly improving our products and services.

We continue to help make driving a more comfortable and pleasurable experience for everyone. People love to love their cars, and it is our goal to help that passion grow every time they drive.

The Best for Your Vehicle

The Right Fit

DENSO values your opinions, and uses them in the development and refinement of our products. All with the goal of making sure that you ride with the peace of mind that comes with knowing that you have the most reliable parts and systems along with you for the journey ahead.

Our products and services provide valuable solutions for a world of drivers. Our business partners contribute a great deal to society, and it is our wish to support them in their continued success, while contributing to the growth of the greater car driving society.

Your Voice First

Here for You

Core Values of Aftermarket & Customer Service Business

Your Trusted Partner for the Road Ahead.By delivering optimal products and precise, prompt service, we can provide a rewarding driving experience.And because we always want to fulfill your expectations, our priority is to always be by your side,listening to your needs and forever improving our products in order to enhance your driving experience, for as long as you own your vehicle.

DENSO Website

〈Products & Services〉

The Core of Satisfaction

TRUST

11 12

DENSO Website

〈Brand〉

New Business

HomeAppliances

CommercialAirConditioners

CO2 Heat Pump Hot WaterSupply SystemVastly reduces the energy usedin heating water

Spot CoolersSimple to install, highly efficientcooling for people and objects

FAProducts(Robots)

Auto ID DataCapture Devices

Barcode and 2D Code Handy TerminalsRationalizing distribution and logisticsoperations and management

Vertical Articulated RobotRealizing efficient, high-qualityproduction

DENSO Website〈New Business Fields〉

The Art of Efficiency Peace of Mind

Improving technology that improves the world. Innovating more smiles.

As a leading global supplier of automotive parts and systems, DENSO has pioneered many technologies to improve production, as well as products themselves. Among these are advanced robots, the invention of the QR code, and systems using barcode and QR code technology. And our advancements in IoT, internet of things, allow manufacturers to work more effectively with their production facilities. All of these innovations allow people to be more creative and more efficient, creating higher value products.

DENSO is always seeking out new ways for our technology to make the world a better, more harmonious place. Our challenge is to bring our knowledge and experience beyond the automotive industry, touching various segments of society. From healthcare, agriculture, security systems, to providing support to our communities, DENSO remains focused on crafting useful, environmentally friendly solutions that help solve many different issues the world faces today. We are committed to making the world better. To us, success comes when everyday life is filled with more smiles.

Core Values

The Core of Solution

SYNERGY DENSO Website

〈Consumer Products〉

DENSO Website

〈Industrial Products〉

Making society run better.Society is rapidly changing. DENSO wants to help make some of these changes for the better. Our knowledge and expertise already generate new solutions for a shifting automotive industry, but now we are also applying that experience to other segments of society. These products and systems are helping to forge a more convenient, efficient and exciting world in which to live. And in the years ahead, we will continue to create more solutions to make everyday life more comfortable, providing greater peace of mind.

Energy Management

We are helping to realize a low-carbon society through micro-grid products and technologies including Home Energy Management Systems (HEMS), storage batteries, V2H (vehicle-to-home) power supply systems, and other products that create, store, and conserve energy in the age of connected cars and homes.

Bridge Inspection /Land Survey Services

Healthcare

Advancing development of next-generation robot, applying motor, sensor and control technology cultivated in the automobile field, we contribute to realizing a society where people can live safely and securely through the field of infrastructure inspection and measurement service, etc.

Security

Our sensing technologies are contributing to safer and more secure living.

Utilizing the robot/IoT technology cultivated at our factory and sensing technology of automobiles, we contribute to realizing a world where everyone can get safe and reliable medical care.

Agricultural Technology

Agricultural Technology［Cold Chain］

Community Network Solution Business

Biotechnology (Micro Algae)

We aim to contribute to environmental quality by utilizing an efficient algae cultivation process for CO2 absorption and by producing biofuel as an alternative to fossil fuels.

Utilizing greenhouse environment control systems and energy conservation technologies, we contribute to more efficient and stable vegetable cultivation and improved agricultural competitiveness.

Through energy-saving cooling and freezing technology, as well as technology to preserve freshness, we are contributing to safety and assurance in food transport and supply from production to consumption.

We support information distribution within communities to help enhance safety, security, and convenience in daily lives.

13 14

FORESIGHT DENSO Website

〈Innovation〉

Bright Future for Generations to Come.

15 16

Contributing to productivity improvement in industrial circles with optimal FA system

We will continue to contribute to productivity improvement in social and industrial circles by proposing and offering optimal FA system solutions to address the wide variety of customer needs from the standpoint of overall factory management and life cycle profile, based on our experience of introducing FA in 130 factories worldwide.

Industrialization of the agricultural sector

We will continue to contribute to the development of agricultural and food-supply industries by ensuring stable, efficient food supply and food security by applying the technologies and know-how which DENSO has cultivated in the automotive field to the entire food supply chain, covering production, processing and distribution.

DENSO Efficient DrivingDENSO envisions a future in which mobility is more efficient and driving is more fun. We are developing electrified technologies for a wide range of vehicles, from gasoline and diesel vehicles to HEV, PHEV, EV and FCV, to improve efficiency with better management of electric, kinetic and heat power. By predicting road conditions and charting the best course, our goal is to reduce energy loss, so people can drive as they wish while also being environmentally friendly.

DENSO Connected DrivingDENSO envisions a future in which mobility is connected inside and outside of the vehicle, including cars, people and infrastructure, as well as new services. It brings us new experiences for traveling, and helps us develop automated driving systems that are more convenient and comfortable yet extremely energy efficient. Of course, security issues have emerged from connectivity, such as hackers and data leaks, but with an unwavering focus on safety, DENSO will help protect people and cars.

Non-automotive Business- Factory Automation (FA) and Agriculture -

DENSO Automated DrivingDENSO envisions a future in which everyone can travel freely and safely, regardless of their age or physical condition. Thatʼs why DENSO is deeply focused on advances in safety and security. Our goal is to evolve our sensing, information & communication and AI technologies to eliminate limitations to mobility.

We are focusing on the following business fields for sustaining

our business growth.

CORPORATESOCIALRESPONSIBILITYStriving to be a company trusted.

Corporate Citizenship

DENSO is committed to building a sustainable society. We draw on all the resources of the DENSO Group to participate in community support programs and projects, focusing on themes such as “Harmony with the environment,” “Ensuring security and safety in communities,” “Hitozukuri (development of youth and support for the disabled).” As our employees and individual group companies work together on these projects, we actively promote programs designed by DENSO and a culture of community engagement.

As a corporate citizen, as global citizens

DENSO Website

〈CSR〉

Basic Policy

PriorityAreas

Corporate Climate

1. Harmony with the environment2. Ensuring security and safety in communities3. Hitozukuri - Development of youth　　　　　　 - Support for the disabled

Creating an environment that encourages each employee to become involved in our activities

Harmony with the environment

Sustaining a healthy local natural environment, now and in the future

Ensuring security and safety in communities

Supporting local communities by promoting safe driving

Hitozukuri (Development of youth and support for the disabled)

Promoting science and technology

Environmental Learning（Thailand） Traffic-safety Lessons (China) Science School (Japan)

Our business activities are always based on DENSOʼs philosophy of contributing to the well-being of people around the world. In addition to our environmentally-friendly manufacturing and production practices, we are actively involved in activities to help preserve the natural environment in local communities that future generations can be proud of.

With the aim of protecting lives around the world, DENSO strives to develop technologies and manufacturing practices with a particular emphasis on safety. We also work globally to improve traffic safety so that everyone, especially children and senior citizens, can live with greater peace of mind.

DENSO supports hands-on activities to promote science, technology, engineering, and math as the need for professionals in these fields grows. We also support the independence of disabled persons by donating wheelchairs, as well as supporting sports activities.

17 18

Our corporate activities are founded uponthe trust and enthusiastic supportwe receive from our customers around the world,our shareholders and investors,suppliers and employees,and from the local and international communities.We put corporate social responsibility (CSR)front and center in managementand this reflected in our manufacturing, human, development, corporatecontribution activities,and in all our corporate conduct.

As of March 31, 2018Corporate Data

DENSO GROUP INFORMATION

Sales of business partners

DENSO Website

〈About Us〉

DENSO Website

〈Investors〉

Company Name

Established

Head Office

Capital

Revenue

Operating Profit

Profit*1

Employees

Consolidated Subsidiaries

Affiliates under theEquity Method

DENSO CORPORATION

December 16, 1949

1-1, Showa-cho, Kariya, Aichi 448-8661, Japan

¥187.4 billion (US$1.8 billion)

Consolidated basis ¥5,108.3 billion (US$48.1 billion)

Consolidated basis ¥412.7 billion (US$3.9 billion)

Consolidated basis ¥320.6 billion (US$3.0 billion)

Consolidated basis 168,813/Non-consolidated basis 39,315

221 (Japan 72, North America 31, Europe 36, Asia 76, South America/Others 6）

38 (Japan 14, North America 4, Europe 4, Asia 14, South America/Others 2）

Profile

Consolidated Revenue by Business Group

5,108.3billion yen

*U.S. dollar amounts have been translated, for convenience only, at the rate of 106.24 yen = US$1, the approximate exchange rate prevailing on March 31, 2018. Billion is used in the American sense of one thousand million.

*1: Profit attributable to owners of the parent company.

19 20

5,108.3billion yen

PowertrainSystems

24.7 %

Thermal Systems

28.4 % 12.0 %ElectronicSystems

1.5 %OtherAutomotive

3.1 %Non-automotive Business (FA/Agriculture, etc.)

14.4 %MobilitySystems

15.9 %ElectrificationSystems

Aftermarket/New Business

11.5 %

GM 3.8 %

FCA 4.4 %

HYUNDAI/KIA 2.6 %

HONDA 7.6 %

TOYOTA Group

45.0 %

FORD 3.1 %

Others 22.0 %

Revenue

4,095.0

(billion yen)

4,309.8

2014 2015

4,527.1

2017

5,108.3

2018 (fiscal year)20160

2,000

1,000

3,000

4,000

5,000 4,524.5

Operating Profit(billion yen)

0

100

200

300

400412.7

330.6371.4

331.4 315.7

2014 2015 2016 2018 (fiscal year)2017

Profit*

* Profit attributable to owners of the parent company.

257.6277.2

258.4 244.3

320.6

0

100

200

300

(billion yen)

2018 (fiscal year)2014 2015 2016 2017

As of March 31, 2018

Consolidated Subsidiaries: 221

Global Network

Europe

Employees

17,071

Companies

36

Revenue

620.2billion yen

Asia

Employees

49,740

Companies

76

Revenue

1,146.0billion yen

JapanIncluding DENSO CORPORATION

Employees

74,604

Companies

73

Revenue

2,140.7billion yen

North America

Employees

24,330

Companies

31

Revenue

1,122.8billion yen

South America/Others

Employees

3,068

Companies

6

Revenue

78.5billion yen

Consolidated Revenue byDENSO Company Locations

North America 22.0 %

North AmericaEurope South America/OthersAsia Japan

*Consolidated revenue is from external customers.

21 22

Asia 22.4 %

(fiscal year)20182016 2017

1,200(billion yen)

200

0

400

600

800

1,000 989.5

1,146.01,014.7

1,000

1,500

500

(billion yen)

2,000

02018 (fiscal year)2016

1,871.82,140.7

1,801.5

2017

1,050.51,122.81,081.1

(billion yen)1,200

0

200

400

600

800

1,000

2018 (fiscal year)2016 2017 2018 (fiscal year)2016 2017

(billion yen)80

0

20

40

6065.1

78.5

59.0

550.2568.2

(fiscal year)20182016 2017

(billion yen)

600

0

100

200

300

400

500

620.241.9 %Japan

South America/Others 1.6 %

Europe 12.1 % 5,108.3billion yen

Headquarters/Plants/Laboratories

Employees Main Business

As of April 1, 2018 Group Companies-Japan

Office/Division

Tokyo Office

Tokyo Division

Tokyo Division Utsunomiya Office

Osaka Division

Hiroshima Division

Nagoya Office

Branch

DENSO CORPORATION

Employees Main Business

-

Manufacture starters, alternators, inverters and motor-generators

Manufacture air conditioners, radiators, electronic diesel/gasoline fuel injection components

Manufacture Information and communications products,driving control and safety products,semiconductor device/sensorManufacture ignition components, driving control and safety products, valve train components,exhaust emission control componentsManufacture integrated circuits and electronic control components

Manufacture air conditioners and Servo Motor module and natural refrigerant (CO2) heat-pump hot water supply systemsManufacture production facilities, heat flow sensors and LCP module circuit boards

Manufacture of compact motors for wiper systems, power windows, etc.

Manufacture of compact motors for blowers, cooling fans, etc.

Manufacture of compact motors for wiper systems, washer systems, etc.

Manufacture electronic diesel fuel injection systems

Research in semiconductors, functional material, human machine interface, and bio technologies

13,663

3,203

7,106

2,918

4,696

3,452

1,021

874

1,137

4,373

93

504

690

Headquarters

Anjo Plant

Nishio Plant

Takatana Plant

Daian Plant

Kota Plant

Toyohashi Plant

Agui Plant

Zenmyo Plant

Kosai Plant

Toyohashi East Plant

Higashi Hiroshima Plant

Advanced Research andInnovation Center

Test driving automotive components32Nukata Proving Ground

R&D for advanced driving assistance, automated driving and connected field201Global R&D Tokyo

Iwate

Tokyo

18

38

Research and development of semiconductor productsDesign and development of automotive semiconductor products

DENSO Website

〈Careers〉

23 24

DENSO ABASHIRI TEST CENTER CORPORATION

DENSO AIR SYSTEMS CORPORATION

DENSO AIR SYSTEMS TOYOSHINA CORPORATION

DENSO AIR SYSTEMS YASAKA CORPORATION

DENSO AIRCOOL CORPORATION

DENSO AIRCOOL OTARI CORPORATION

DENSO BLOSSOM CO., LTD.

DENSO COMMUNICATIONS CORPORATION

DENSO CREATE, INC.

DENSO DAISHIN CORPORATION

DENSO E & TS TRAINING CENTER CORPORATION

DENSO EMC ENGINEERING SERVICE CORPORATION

DENSO FACILITIES CORPORATION

DENSO FINANCE & ACCOUNTING CENTER CO., LTD.

DENSO FUKUSHIMA CORPORATION

DENSO HOKKAIDO CORPORATION

DENSO IT LABORATORY, INC.

DENSO IT SOLUTIONS, INC

DENSO IWATE CORPORATION

DENSO KATSUYAMA CO., LTD.

DENSO KYUSHU CORPORATION

DENSO LOGITEM CORPORATION

DENSO MTEC CORPORATION

DENSO NEXT CO., LTD.

DENSO POWERTRAIN TECHNOLOGIES CORPORATION

DENSO PRESS TECH INC.

DENSO REMANI CORPORATION

DENSO SALES JAPAN CORPORATION

DENSO SEIBI CO., LTD.

DENSO SERVICE NISHISAITAMA CO., LTD.

DENSO SERVICE OKINAWA CO., LTD.

DENSO SI CORPORATION

DENSO TAIYO CO., LTD.

DENSO TECHNO CO., LTD.

DENSO TEN LTD.

DENSO TEN MANUFACTURING LTD.

DENSO TEN RESEARCH LTD.

DENSO TEN SALES LTD.

DENSO TEN SERVICE LTD.

DENSO TEN STAFF LTD.

DENSO TEN TECHNOLOGY LTD.

DENSO TEN TECHNOSEPTA LTD.

DENSOTRIM CO., LTD.

DENSO UNITY SERVICE CORPORATION

DENSO WAVE, INC.

DENSO WELL CORPORATION

DENSO YAMAGATA CORPORATION

DENSO YUSEN TRAVEL CORPORATION

3D INCORPORATED

ANDEN CO., LTD.

APINES CO., LTD.

ASAHI MANUFACTURING CO., LTD.

AUBASS CO., LTD.

HAMADEN P & S CO., LTD.

HAMANAKODENSO CO., LTD.

IPICS CORPORATION

KYOSAN DENKI CO., LTD.

KYOSAN SERVICE CORPORATION

KYOSAN TECS CO., LTD.

MAULTECH CORPORATION

MIYAZAKI ASMO CO., LTD.

MOBILE MEDIANET, INC.

NIPPON WIPER BLADE CO., LTD.

NSITEXE, INC.

SANKYO RADIATOR CO., LTD.

SHIMIZU INDUSTRY CO., LTD.

SOKEN, INC.

SYSTEX JAPAN, INC.

TD MOBILE CORPORATION

TECHMA CORPORATION

ADVANCED DRIVER INFORMATION TECHNOLOGY CORPORATION*

ADVICS CO., LTD.*

DENSO PARLOUR CORP.*

ITOH SEIKO CO., LTD.*

G.S. ELECTECH, INC.*

JECO CO., LTD.*

KYUSHU TEN LTD.*

NIPPA CORPORATION*

NTT DATA MSE CORPORATION*

SHINSEI INDUSTRIAL CO., LTD.*

SOHWA & SOPHIA TECHNOLOGIES INC.*

TOMEI BRAZING CO., LTD.*

TOUCHCARE CO., LTD.*

TSUDA INDUSTRIES CO., LTD.*

　 *Affiliates under the equity method As of July 1, 2018

Group Companies-World DENSO Website

〈Global Network〉

25 26

North AmericaDENSO INTERNATIONAL AMERICA, INC.DENSO MANUFACTURING ARKANSAS, INC.DENSO MANUFACTURING ATHENS TENNESSEE, INC.DENSO MANUFACTURING MICHIGAN, INC.DENSO MANUFACTURING TENNESSEE, INC.DENSO PRODUCTS AND SERVICES AMERICAS, INC.DENSO REINSURANCE AMERICA, INC.DENSO WIRELESS SYSTEMS AMERICA, INC.EASE SIMULATION, INC.ASMO DETROIT, INC.ASMO GREENVILLE OF NORTH CAROLINA, INC.ASMO MANUFACTURING, INC.ASMO NORTH AMERICA, LLC.ASMO NORTH CAROLINA, INC.DENSO AIR SYSTEMS MICHIGAN, INC.DENSO TEN AMERICA LTD.DENSO TEN TECHNOSEPTA USA, LTD.KYOSAN DENSO MANUFACTURING KENTUCKY, LLC.NWB USA, INC.SYSTEX PRODUCTS ARKANSAS COMPANYSYSTEX PRODUCTS CORPORATIONASSOCIATED FUEL PUMP SYSTEMS CORPORATION*MICHIGAN AUTOMOTIVE COMPRESSOR, INC.*TBDN TENNESSEE COMPANY*TD AUTOMOTIVE COMPRESSOR GEORGIA, LLC.*DENSO MANUFACTURING CANADA, INC.DENSO SALES CANADA, INC.DENSO TEN CANADA LTD.DENSO MEXICO S.A. DE C.V.ASMO MANUFACTURING DE MEXICO S.A. DE C.V.DENSO AIR SYSTEMS DE MEXICO S.A. DE C.V.DENSO TEN MEXICO, S.A. DE C.V.HAMADEN MEXICO S.A. DE C.V.

DENSO ADAS ENGINEERING SERVICES GmbHDENSO TEN EUROPE GmbHTD DEUTSCHE KLIMAKOMPRESSOR GmbH*TT NETWORK INTEGRATION EUROPE GmbH*DENSO BARCELONA S.A.DENSO SISTEMAS TERMICOS ESPANA S.A.FUJITSU TEN ESPANA, S.A.DENSO ITALY S.R.L.DENSO MANUFACTURING ITALIA S.p.A.DENSO THERMAL SYSTEMS S.p.A.CTR S.R.L.DENSO AUTOMOTIVE FRANCE S.A.R.L.DENSO MANUFACTURING HUNGARY, LTD.DENSO SWEDEN ABDENSO POLAND Sp. z. o.o.DENSO THERMAL SYSTEMS POLSKA Sp. z. o.o.TBMECA POLAND Sp. z. o.o.*DENSO BELGIUM N.V.JOAO DE DEUS & FILHOS S.A.DENSO MANUFACTURING CZECH s.r.o.ASMO CZECH s.r.o.DENSO AIR SYSTEMS CZECH s.r.o.LIPLASTEC s.r.o.DENSO OTOMOTIV PARCALARI SANAYI A.S.DJ COOL KLIMA VE SOGUTMA CIHAZLARI SAN. TIC. A.S.*DENSO SALES RUS L.L.C.DENSO THERMAL SYSTEMS MOROCCO S.A.R.L.

PT. DENSO INDONESIAPT. DENSO SALES INDONESIAPT. ASMO INDONESIAPT. DENSO TEN MANUFACTURING INDONESIAPT. DENSO TEN AVE INDONESIAPT. HAMADEN INDONESIA MANUFACTURINGPT. TD AUTOMOTIVE COMPRESSOR INDONESIA*DENSO (MALAYSIA) SDN. BHD.NIPPON WIPER BLADE (M) SDN. BHD.DENSO PHILIPPINES CORPORATIONDENSO TECHNO PHILIPPINES, INC.DENSO TEN PHILIPPINES CORPORATIONDENSO TEN SOLUTIONS PHILIPPINES CORPORATIONDIEZ CORPORATIONDENSO MANUFACTURING VIETNAM CO., LTD.HAMADEN VIETNAM CO., LTD.DENSO AUTOMOTIVE SYSTEMS AUSTRALIA PTY., LTD.DENSO INTERNATIONAL AUSTRALIA PTY., LTD.DENSO TEN AUSTRALIA PTY., LTD.DENSO SALES MIDDLE EAST & NORTH AFRICA FZE.DENSO HARYANA PVT., LTD.DENSO INDIA PVT., LTD.DENSO INTERNATIONAL INDIA PVT., LTD.DENSO KIRLOSKAR INDUSTRIES PVT., LTD.DENSO SUBROS THERMAL ENGINEERING CENTRE INDIA LIMITEDDENSO THERMAL SYSTEMS PUNE PVT., LTD.DENSO TEN MINDA INDIA PVT., LTD.MINDA D-TEN INDIA PVT., LTD.*ATLAS HITEC (PRIVATE) LIMITED*DENSO (CAMBODIA) CO., LTD.PIT & GO AUTOMOTIVE SERVICE (CAMBODIA) CO., LTD.SANKYO RADIATOR (CAMBODIA) CO., LTD.ASMO MYANMAR CO., LTD.DENSO KOREA CORPORATIONDENSO TEN KOREA LTD.KOREA WIPER BLADE CO., LTD.DENSO (CHINA) INVESTMENT CO., LTD.DENSO (CHANGZHOU) FUEL INJECTION SYSTEM CO., LTD.DENSO (GUANGZHOU NANSHA) CO., LTD.DENSO (TIANJIN) BODY PARTS CO., LTD.DENSO (TIANJIN) THERMAL PRODUCTS CO., LTD.DENSO SOFTWARE SHANGHAI CO., LTD.DENSO TIANJIN ITS CO., LTD.

GONGCHENG DENSO (CHONGQING) CO., LTD.GUANGZHOU DENSO CO., LTD.J-WORKS PARTS SALES (TIANJIN) CO., LTD.TIANJIN DENSO AIR-CONDITIONER CO., LTD.TIANJIN DENSO ELECTRONICS CO., LTD.TIANJIN DENSO ENGINE ELECTRICAL PRODUCTS CO., LTD.TIANJIN FAWER DENSO AIR-CONDITIONER CO., LTD.WUXI DENSO AUTOMOTIVE PRODUCTS CO., LTD.YANTAI SHOUGANG DENSO CO., LTD.TIANJIN ASMO AUTOMOTIVE SMALL MOTOR CO., LTD.ASMO (GUANGZHOU) SMALL MOTOR CO., LTD.ASMO HANGZHOU XIAOSHAN SMALL MOTOR CO., LTD.DENSO AIR SYSTEMS TIANJIN CO., LTD.DENSO TEN (CHINA) LTD.DENSO TEN ELECTRONICS (WUXI) LTD.DENSO TEN PRECISION ELECTRONICS (TIANJIN) LTD.DENSO TEN RESEARCH AND DEVELOPMENT (TIANJIN) LTD.DENSO TEN TRADING (TIANJIN) LTD.TIANJIN FUJITSU TEN ELECTRONICS CO., LTD.TD AUTOMOTIVE COMPRESSOR KUNSHAN, CO., LTD.*YANGZHOU JIEXIN DENSO AIR-CONDITIONER CO., LTD.*YANTAI SHOUGANG TD AUTOMOTIVE COMPRESSOR CO., LTD.*HEFEI DYNE AUTO AIR CONDITIONER CO., LTD.*GUANGDONG KINGTEC DENSO REFRIGERATION EQUIPMENT CO., LTD.*SHANGHAI DENSO FUEL INJECTION CO., LTD.*TIANJIN TOYOTA BOSHOKU AUTOMOTIVE PARTS CO., LTD.*TIANJIN SHIMIZU PENG YING PLASTICS CO., LTD.*TOYOTA BOSHOKU FOSHAN CO., LTD.*DENSO TAIWAN CORP.CRYOMAX COOLING SYSTEM CORP.*

U.S.A.

Canada

Mexico

EuropeDENSO EUROPE B.V.DENSO INTERNATIONAL EUROPE B.V.DENSO AUTOMOTIVE UK, LTD.DENSO INTERNATIONAL UK, LTD.DENSO MANUFACTURING UK, LTD.DENSO MARSTON, LTD.DENSO AUTOMOTIVE DEUTSCHLAND GmbH

Netherlands

UnitedKingdom

Germany

DENSO INTERNATIONAL ASIA PTE., LTD.DENSO TEN SINGAPORE Private LTD.DENSO WAVE SINGAPORE PTE., LTD.DENSO INTERNATIONAL ASIA CO., LTD.DENSO (THAILAND) CO., LTD.DENSO SALES (THAILAND) CO., LTD.DENSO TOOL & DIE (THAILAND) CO., LTD.SIAM DENSO MANUFACTURING CO., LTD.TOYOTA TSUSHO DENSO ELECTRONICS (THAILAND) CO., LTD.AIR SYSTEMS (THAILAND) CO., LTD.ANDEN (THAILAND) CO., LTD.DENSO TEN (THAILAND) LTD.SIAM KYOSAN DENSO CO., LTD.TOYOTA BOSHOKU FILTRATION SYSTEM (THAILAND) CO., LTD.*

Singapore

Thailand

Asia

South America/OthersDENSO DO BRASIL LTDA.DENSO INDUSTRIAL DA AMAZONIA LTDA.DENSO MAQUINAS ROTANTES DO BRASIL LTDA.DENSO SISTEMAS TERMICOS DO BRASIL LTDA.DENSO TEN DO BRASIL LTDA.DENSO MANUFACTURING ARGENTINA S.A.SMITHS MANUFACTURING (PTY) LIMITED*DENSO ABDUL LATIF JAMEEL CO., LTD.*

Brazil

ArgentinaSouth AfricaSaudi Arabia

Spain

Italy

FranceHungarySwedenPoland

BelgiumPortugalCzech Republic

Turkey

RussiaMorocco

Indonesia

Malaysia

The Philippines

Vietnam

Australia

　UAEIndia

PakistanCambodia

MyanmarRepublic of Korea

China

Taiwan

Remarks : Below table shows ʻCountry or Region nameʼ.

*Affiliates under the equity method As of July 1, 2018

History of DENSO

Establishes training center to improve technical skills in line with the belief that progress is achieved through the development of people, a concept that is followed to the present day, with ongoing attention to developing employees through expert training in business and technicalskills in wide-ranging fields.

Establishment oftechnical trainingcenter

Becomes the first Japanese automotive parts supplier to set up an office in North America.

Establishment of sales/service office inChicago

Begins shipping components such as compressors and windshield wipers.

DENSO meets with overseas manufacturers.

Establishment of first overseassubsidiary company near LosAngelesBegins shipment of products toEuropean automotivemanufacturers

Establishment ofNippondenso (Europe)B.V. (currently DENSO EUROPE B.V.)near Amsterdam

Builds own test track in Okazaki City, Japan. Real-life testing in cars becomes a key strength behind DENSO products.

Opens Nukata TestingCenter

Changes name from Nippondenso to DENSO, removing “Nippon” ‒ a Japanese word for Japan ‒ in anticipation of global business expansion.

Renames companyDENSO CORPORATION

Establishment ofDENSO InternationalSingapore Pte. Ltd.(currently DENSOINTERNATIONAL ASIA PTE. LTD.)

Establishment ofNippondenso America,Inc. (currently DENSOINTERNATIONAL AMERICA, INC.)and the first overseastechnical center nearDetroit

Today, many International Medalists work with DENSO engineers, sharing their skills and know-how in the fields of development and manufacturing technology. DENSO recognizes the unique skills of both engineers and technicians and their importance in developing high-quality products.

A DENSO technician participatesin the 2005 WorldSkills Competition.

A DENSO employee wins the Gold Medal in the WorldSkills Competition for the first time.

Begins production of heaters and related products in Australia and electrical components, spark plugs and air conditioners in Thailand.

Manufacturing company in Thailand at time of establishment.

Establishment of firstoverseasmanufacturingcompanies in Australiaand Thailand

Predicts that ICs (integrated circuits) will become essential for automobiles and sets up a specialized research center, leading to the development of the sensing and control technology in which DENSO excels today.

Establishment of ICResearch CenterBecomes the first among all

automotive parts suppliers in Japan and only the second in the automotive industry to be awarded the Deming prize-the most prestigious award for quality control in Japan‒following stringent evaluation of all company efforts.

The Deming Prize medal.

Receives the Deming PrizeTechnical cooperationwith Robert BoschGmbH of Germany

DENSO ECO VISION 2025

Established a training center in Thailand for providing regional employee training in all fields including production, technology and management. Also, Thai representatives participated in the WorldSkills Competition.

Establishment of firstoverseas regional training center in Thailand

Begins manufacture and sales of electrical components and radiators for cars.

Nippondensoʼs main building at the time of establishment.

Establishment ofNippondenso Co., Ltd.(currently DENSO CORPORATION)

1949

1953

1954

1961

1966

1968

1971

1972

1973

1977

1984

1985

1994

1995

1996

2005

2016

2017

DENSO Website

〈Heritage〉

We embraced our original mission statement and our basic business policies to modernize our corporate image.

Establishment of theDENSO Philosophy

Development of DENSOʼs Long-term Policy 2030The slogan is “Bringing hope for the future for our planet, society and all people”

This shows our 10-year environmental policy and action plan.

27 28

ExecutivesMember of the Board■Board of Directors ■Members of the Board

　*Outside board member　

Takashi Nawa*George Olcott*Shoji Tsuzuki

President & CEOKoji Arima

Executive Vice PresidentHiroyuki Wakabayashi

Executive Vice PresidentHaruya Maruyama

Executive Vice PresidentYasushi Yamanaka

Toshimichi Kondo* Noriyuki Matsushima*Atsuhiko Shimmura Moritaka Yoshida*Motomi Niwa

Audit and Supervisory Board Members *Outside Auditors

Masahiko ItoSadahiro Usui Katsuhisa ShimokawaHiroyuki Ina Shingo KuwamuraYukihiro Kato Yoshifumi KatoShoji Tsuzuki*

Kazuaki Fujitani Yukihiro Shinohara Yoshitaka Kajita

Senior Executive Directors *Also holds the position of Member of the Board

Toshiyuki KatoYasushi Yamanaka* Hiroyuki Wakabayashi*Haruya Maruyama*

Executive Vice Presidents *Also holds the position of Member of the Board

Bunichi Kondo Masanori TsurutaKazumasa Kimura

Keiko Shimokata

Yasuhiro Iida Kenichiro Ito

Marco Di Rao Marotta

Hajime KumabeYasushi Matsui Terutaka Kageyama Hidehiro YokooHirotsugu Takeuchi

Yasushi MukaiYutaka Yamanouchi

Hisashi Iida

Eiji InoueSeiji Maeda

Shinnosuke Hayashi

Shinsuke YamaguchiJack Helmboldt

Yuji IshizukaJiro Ebihara

Katsuhiko Takeuchi Tomoyuki ArakawaKazuoki Matsugatani Katsuhiko Sugito Koichi Nagaya Hirotaka Yato Kazuhiro Iwai Hiroshi Kondo

Yasuhiko Yamazaki Hisaaki Sato

Executive Directors

OrganizationAs of June 20, 2018 As of June 20, 2018

29 30

Board ofDirectors

President& CEO

ExecutiveVice

Presidents

Membersof theBoard

Global Strategy Center

Corporate Foundation Center

Corporate Center

Engineering Research & Development Center

Production Innovation Center

Purchasing Group

Sales and Marketing Group

Powertrain Systems Business Group

Electrification Systems Business Group

Electronic Systems Business Group

Thermal Systems Business Group

Mobility Systems Business Group

Audit

Tokyo Office

New Business

AgTech Promotion

Global Strategy, Corporate Planning

Information Security Promotion, Information Systems, Safety Health & Environment, Quality Control,Engineering Digital Transformation, Facility

Secretarial, Cost Management, Work Style Reforms, Motor business integration, Finance & Accounting, Corporate Communications, External Affairs, Legal, General Admin., Human Resources, Health Care Promotion

R&D Tokyo Admin., Technology Planning, Engineering Development Promotion, Intellectual Property, Design, Advanced Testing & Evalution, Product Design Key technology R&D, Advanced Mobility Systems R&D, Mechanical & Energy Engineering R&D, MaaS R&D, Advanced Research and Innovation

Production Innovation Planning, Production Engineering, Production Engineering R&D, Materials Engineering, Measurement & Instrumentation Engineering, Machinery & Tools, Prototype Manufacturing, Parts Engineering, Production Control, FA Business

Purchasing

Original Equipment Manufacturers Sales, Aftermarket Sales, Global Business Planning, Technical Service

Development and production of engine management system and components such as intake air control, fuel injection, ignition, after-treatment and thermal management devices. Development and production of drivetrain components such as hydraulic control valve and shift-by wire.

Development and production of semiconductor sensors, microelectronic devices including ICs (integrated circuits), and electronic products including engine control computers and body control computers Development of basis electronic technology

Development and production of air conditioning systems for cars, comfort systems, powertrain cooling systems and products

Development and provision of total vehicle electronics management systems, services and platforms. Development and production of AD & ADAS products such as millimeter-wave radars, image sensors, driver status monitors and airbag systems, and Connected & Cockpit products such as telematics control units and VtoV / VtoI communication devices, head-up displays, meters, cockpit systems.

Research, development and production of electrification system and components for such as EV and hybrid vehicles. Development and production of electric power supply and starting system components such as alternator and starter. Research, development and production of components such as Wiper system and Smart motor.

Global Headquarters

Contacts

Regional Headquarters

DENSO INTERNATIONAL AMERICA, INC.North America

24777 Denso Drive, P.O. Box 5047, Southfield,Michigan 48033-5244, U.S.A.Tel: +1-248-350-7500https://www.denso.com/us-ca/en/

1-1, Showa-cho, Kariya, Aichi 448-8661, JapanTel: +81-566-25-5511 (Information Center)https://www.denso.com/global/en/https://www.denso.com/jp/ja/

Hogeweyselaan 165, 1382 JL Weesp,The NetherlandsTel: +31-294-493493　Fax: +31-294-417122https://www.denso.com/nl/en/

DENSO EUROPE B.V.Europe

888 Moo 1, Bangna-Trad Km. 27.5, Tambol Bangbo,Amphur Bangbo, Samutprakarn 10560, ThailandTel: +66-2-315-9500 Fax: +66-2-315-9559https://www.denso.com/th/en/

51 Science Park Road, #01-19 The Aries,Science Park Ⅱ, 117586, SingaporeTel: +65-67768268　Fax: +65-67768698https://www.denso.com/sg/en/

DENSO INTERNATIONAL ASIA CO., LTD.Asia

DENSO INTERNATIONAL ASIA PTE., LTD.

Room No. 518, The Beijing Fortune Building,No. 5 Dong San Huan Bei-Lu,Chaoyang District, Beijing, 100004, ChinaTel: +86-10-6590-8337　Fax: +86-10-5758-2781https://www.denso.com/cn/zh/

DENSO (CHINA) INVESTMENT CO., LTD.China

DENSOLinkedIn

DENSOGlobal Site

July, 2018

8701PK-007　87-16A