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| Apr 27, 2005 |
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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 82nd Annual General Meeting of Shareholders on June 22.
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Up to 1,400,000 stocks and up to 14,000 stock acquisition rights will be valid for this stock option program. The exercise period will be from July 1, 2007 to June 30, 2011.
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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 104,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2005 totaled US$26.2 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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