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Oct 12, 2005
DENSO Establishes New Software Development Company in the Philippines
— New company will develop software for automotive products —
TOKYO - DENSO TECHNO Co., Ltd., a subsidiary of DENSO Corporation, established DENSO TECHNO PHILIPPINES, Inc. in the Philippines, in August. The new company, expected to employ 110 people by 2008, will begin software development by the end of 2006 for automotive products such as instrument clusters. The capital for the new company is 45 million PHP (approximately US$800,000 ).
"There has been increasing demand for software engineers with the advancement and increasing variety of products for automobiles," said Ota Nobuyoshi, president of DENSO TECHNO and DENSO TECHNO PHILIPPINES. "We have decided to establish a new software company in the Philippines, because of the excellent software engineers in that area."
The Philippines is the second oversees location for a DENSO Group software company. DENSO's other overseas software company is in Shanghai, China.
DENSO TECHNO, based in Nagoya, Aichi prefecture, Japan, develops software for automotive products and is 100 percent owned by DENSO.
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 or visit our media website at www.densomediacenter.com.
New Company Profile
DENSO TECHNO PHILIPPINES

1. Name : DENSO TECHNO PHILIPPINES, Inc.
2. Location : Makati City, Philippines (about 6 kilometers southeast of the center of Manila)
3. Established : August 8, 2005
4. Capital : 45 million PHP (approximately 90 million yen or US$800,000)
5. Ownership : 100 percent ownership by DENSO TECHNO Co., Ltd.
6. President : Ota Nobuyoshi
7. Employees : 110 (projected for 2008)
8. Business fields : Development of software for automobile components

--Reference--
DENSO TECHNO

1. Name : DENSO TECHNO Co., Ltd.
2. Location : Nagoya, Aichi, Japan
3. Established : April 3, 1984
4. Capital : 180 million yen (approximately US$1.6 million)
5. Ownership : 100 percent ownership by DENSO Corporation
6. President : Ota Nobuyoshi
7. Employees : 1,316 (as of April 2005)
8. Business fields : Development of software for automobile components
9. Sales : 32.2 billion yen (approximately US$285 million) (March 2005)

*Exchange rates used are 113 yen per one dollar and 2.0 yen per one Philippine peso, at the end of September 2005 for convenience only. Billion is used in the American sense of one thousand million.



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