Financial Summary

Contents

Financial Summary
DENSO CORPORATION (formerly Nippondenso Co., Ltd.) and consolidated subsidiaries
Fiscal periods ended March 31, 1997, 1996, and 1995, and December 31, 1994, 1993, and 1992

	Millions of yen						Thousands of U.S. dollars
/	1997	1996	1995 (3 months)	1994	1993	1992	1997
Net sales:	Y 1,624,906	Y 1,422,607	Y 339,337	Y 1,412,203	Y 1,427,693	Y 1,523,779	$13,104,081
Domestic sales	1,153,392	1,035,664	278,372	1,066,876	1,108,137	1,210,095	9,301,549
Overseas sales	471,514	386,943	60,965	345,327	319,556	313,684	3,802,532
Net income	71,376	49,845	7,442	37,224	27,282	41,954	575,613
Total assets	1,701,825	1,576,979	1,542,975	1,487,836	1,426,557	1,493,274	13,724,395
Shareholders' equity	978,378	904,100	861,928	839,531	772,170	759,410	7,890,145
Common stock	129,897	112,211	111,787	108,148	86,053	86,052	1,047,556
Capital investment	124,789	96,632	15,500	62,064	104,065	137,929	1,006,363
Depreciation	94,890	91,167	21,275	105,594	115,000	116,180	765,242
R&D expenses	151,928	130,827	32,133	119,043	111,619	110,655	1,225,226
/
	Yen						U.S. dollars

Per share:
Net income	Y 81.68	Y 57.33	Y 8.57	Y 44.27	Y 32.56	Y 50.14	$0.66
Fully diluted net income	76.24	53.52	--	--	--	--	0.61
Cash dividends	16.00	14.00	3.50	15.00	14.00	14.00	0.13
Average number of:
shares (in thousands)	873,869	869,442	868,517	840,928	837,839	836,756
Number of employees	56,961	56,385	57,264	55,901	56,622	56,718

Notes:
1.	The closing date of our fiscal period was changed from December 31 to March 31 in 1995. That change resulted in an irregular, 3-month, fiscal period (Jan. 1, 1995 to Mar. 31, 1995).
2.	Since the fiscal period ended March 31, 1995, nine additional companies (two in Japan, seven overseas) have been included among consolidated subsidiaries and one non-consolidated subsidiary and seven associated companies have been accounted for under the equity method (see Note 2 to the Consolidated Financial Statements).
3.	The figures for net sales and net income in the 3-month fiscal period ended March 31, 1995, do not include the accounts of overseas consolidated subsidiaries.
4.	U.S. dollar amounts have been translated, for convenience only, at the rate of 124 yen=$1, the approximate exchange rate prevailing on March 31, 1997, the last trading day of the fiscal year.
5.	The number of shares used in calculating per share amounts has been retroactively adjusted for subsequent free share distributions and stock splits.
6.	Fully diluted net income per share of common stock is disclosed from the year ended March 31, 1996.