DENSO to Construct New Building at Agui Plant for Development, Sales of Electronic Products and Industrial Robots

DENSO WAVE to Relocate to New Building

Oct 22, 2007, KARIYA (Japan) - DENSO Corporation announced today that it will construct a new office building on the premises of its Agui Plant located in Agui-cho, Chita-gun, Aichi prefecture, Japan, to house DENSO WAVE, Inc. DENSO WAVE will transfer its operations, including development design and administration, from DENSO headquarters to the new building in April 2009.

Construction for the new office building is scheduled to begin in May 2008 with completion in March 2009. The total building investment will be approximately 2.6 billion yen (approximately US$22.5 million).

DENSO WAVE develops and markets industrial products such as bar-code readers and robots. This relocation will allow DENSO WAVE to work at the Agui Plant together with DENSO ELECS Co., Ltd., which manufactures products developed by DENSO WAVE. The two companies will thus be able to work more closely together to further enhance product development capability.

Profile of new building office

1. Building area : 12,000
2. Location : 1, Yoshiike, Kusaki, Agui-cho, Chita-gun, Aichi, Japan (at the DENSO Agui Plant)
3. Building investment : Approximately 2.6 billion yen (approximately US$22.5 million)
4. Beginning of operations : April 2009
5. Employees : Approximately 660

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
Profile of DENSO WAVE Inc.
1. Established : 1976
2. Location
(headquarters) : 5F, Toranomon 4-Chome MT Bldg. II 4-2-12, Toranomon, Minato-ku, Tokyo, Japan
3. Capital : 495 million yen (approximately US$4.3 million)
4. Ownership : 75 percent owned by DENSO Corporation
15 percent owned by Toyota Tsusho Corporation
10 percent owned by Toppan TDK Label Co.,Ltd
5. President : Kazunobu Ageishi
6. Business field : Development and sales of electronic products including bar-code readers,
IC card readers, and programmable controllers, and industrial robots and systems
7. Employees : 612 (as of September 2007)
8. Sales : 45.4 billion yen (approximately US$393.3 million for fiscal 2006)
Profile of DENSO ELECS Co., Ltd.
1. Established : 1976
2. Location : 1, Yoshiike, Kusaki, Agui-cho, Chita-gun, Aichi, Japan (at the DENSO Agui Plant)
3. Capital : 95 million yen (approximately US$823,000)
4. Ownership : 100 percent owned by DENSO Corporation
5. President : Fumiaki Nagata
6. Business field : Production of electronic products including bar-code readers, IC card readers,
and programmable controllers, and industrial robots and systems
7. Employees : 285 (as of September 2007)
8. Sales : 18.5 billion yen (approximately US$160 million for fiscal 2006)

*Exchange rates used are 115.43 yen per one dollar, at the end of September 2007 for convenience only. Billion is used in the American sense of one thousand million.

Source: DENSO Corporation

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