DENSO Announces Result of Interim Dividend and the Revision of Year-end Dividend Forecast

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Oct 31, 2018, 10:02 ET

KARIYA, Japan, Oct. 31, 2018 /PRNewswire/ -- DENSO Corporation today announced the result of its interim dividend and the revision to the year-end dividend forecast for the fiscal year ending March 31, 2019.

1. Content of revision

	Dividend per share
	Interim	Year-end	Yearly
FY Forecast (Previous announced)	65 yen	65 yen	130 yen
FY Result	70yen	-	-
FY Forecast (Revised)	-	70yen	140yen
Previous FY Results ended March 31, 2018	65 yen	65 yen	130 yen

2. Reason for revision

DENSO will continue to raise dividends payment sustainably with taking into accounts its consolidated results, consolidated dividend payout ratio, and dividend amount.

After comprehensive consideration of business conditions, the company has decided on the interim dividend and the revision to the year-end dividend forecast as above.

About DENSO Corporation

DENSO is a $48.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today, including Toyota, Honda, FCA, GM, Ford, Volvo, and Mercedes-Benz. With manufacturing at its core, DENSO invests in its 220 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ 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 8.8 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2018. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO employs 24,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 11 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2018, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.

SOURCE DENSO