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| Dec 7, 2004 |
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DENSO Announces Outcome of Share Repurchase Through ToSTNeT-2
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According to provisions of Article 210 of Japan's Commercial Code
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Tokyo - DENSO Corporation (the "Company") today announced the outcome of the repurchase of its own shares through the Tokyo Stock Exchange's ToSTNeT-2.
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Descriptions
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Reasons for the repurchase:
To raise shareholder value and to prepare for timely and flexible capital policy measures in a changing business environment. |
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Type of shares : Common stock of the Company |
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Number of shares repurchased: 1,600,000 shares |
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Purchase price: 2,500 Japanese yen per share |
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Date of repurchase: December 7, 2004 (Tuesday) |
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Method of repurchase: Through the Tokyo Stock Exchange's ToSTNeT-2 (Closing-price transaction) |
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Reference:
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Type of shares: Common stock of the Company
Total number of shares: Not to exceed 10,000,000 shares
Aggregate purchase price: Not to exceed 25,000 million yen
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| 2. |
Status of the repurchase progress as of December 7, 2004
Number of shares already repurchased: 9,100,000 shares
Accumulated purchase price: 23,800 million yen
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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 10 p.m., December 7, 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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