Consolidated Balance Sheets--Assets

DENSO Corporation and consolidated subsidiaries
March 31, 1997 and 1996

ASSETS	Millions of yen		Thousands of U.S. dollars (Note 1)
/	1997	1996	1997
Current Assets:
Cash and cash equivalents	Y 175,467	Y 166,622	$ 1,415,056
Short-term investments (Note 3)	385,055	345,208	3,105,283
Notes and accounts receivable:
Trade	275,460	254,102	2,221,452
Non-consolidated subsidiaries and
associated companies	20,268	20,077	163,451

	295,728	274,179	2,384,903
Less: Allowance for doubtful accounts	(2,713)	(2,476)	(21,879)

	293,015	271,703	2,363,024
Inventories (Note 4)	105,247	88,748	848,766
Advances to suppliers	15,864	13,239	127,936
Other current assets	17,008	12,926	137,161

Total current assets	991,656	898,446	7,997,226


Investments and Advances:
Investment securities (Note 3)	144,717	140,478	1,167,073
Investments in and advances to
non-consolidated subsidiaries and
associated companies	78,441	73,933	632,589
Other investments	13,509	11,549	108,943

Total investments and advances	236,667	225,960	1,908,605


Property, Plant and Equipment, at Cost:
Buildings and structures	348,687	335,732	2,811,992
Machinery and equipment	1,152,648	1,118,252	9,295,548

	1,501,335	1,453,984	12,107,540
Less: Accumulated depreciation	(1,182,882)	(1,139,512)	(9,539,371)

	318,453	314,472	2,568,169
Land	93,357	91,447	752,879
Construction in progress	41,978	28,677	338,532

Net property, plant and equipment	453,788	434,596	3,659,580


Foreign Currency Translation Adjustments	19,714	17,977	158,984



Total	Y 1,701,825	Y 1,576,979	$ 13,724,395

See accompanying notes to consolidated financial statements.