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| Apr 27, 2004 |
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DENSO to Issue Additional Stock Options
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Tokyo - DENSO Corporation announced today that its board of directors have decided to issue stock options for its directors, managing officers and employees, after it acquires approval from shareholders at the 81st Annual General Meeting of Shareholders on June 24.
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Up to 1,300,000 stocks and up to 13,000 stock acquisition rights will be valid for this stock option program. The exercise period will be from July 1, 2006 to June 30, 2010.
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DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world’s major carmakers. Worldwide, the company employs 95,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2004 totaled US$24.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.globaldenso.com
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IMPORTANT NOTICE:
DENSO Corporation posted the press release on this Website, aiming to facilitate timely disclosure of information to its customers, stockholders, investors etc. If you view the information, you may be deemed to be the "First Recipient of Insider Information" within the meaning of the Japanese Securities and Exchange Law and regulations ("Laws"). Then, you will be prohibited from trading the Company's issued securities including stocks and convertible bonds until the stock exchanges disclose the information on their website or 11 p.m., April 27, 2004 (Japan Time), which is 12 hours after the information is disclosed to media. Any person who violates such prohibition is subject to punishment under the Laws.
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