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| May 13, 2008 |
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DENSO Announces Outcome of Share Repurchase Through ToSTNet-3
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KARIYA (Japan) - DENSO Corporation (the "Company") today announced the outcome of the repurchase of its own shares through the Tokyo Stock Exchange's ToSTNet-3.
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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 under a changing business environment.
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| (2) |
Type of shares : Common stock of the Company |
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Number of shares repurchased: 3,900,000 shares |
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Purchase price: 3,620 Japanese yen per share |
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Date of repurchase: May 13, 2008 (Tuesday) |
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Method of repurchase: Through the Tokyo Stock Exchange's ToSTNet-3
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Reference:
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Decision to repurchase its own shares was made at the Company's 84th Annual Shareholders' Meeting held June 26, 2007.
Type of shares: Common stock of the Company
Total number of shares: Not to exceed 6,500,000 shares
Aggregate purchase price: Not to exceed 32,500 million yen
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| 2. |
Status of the repurchase progress as of May 13, 2008
Number of shares already repurchased: 6,500,000 shares
Accumulated purchase price: 23,374 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 approximately 119,000 people in 32 countries and regions, including Japan. Consolidated global sales for fiscal year ended March 31, 2008 totaled US$40.2 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.
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