DENSO Announced Outcome of the Repurchase of its own Shares
through the Tokyo Stock Exchange's ToSTNeT-2
On December 4, 2002, DENSO Corporation announced the outcome of the repurchase of its own shares through ToSTNeT-2, with the provisions of Article 210 of the Commercial Code.
||Reasons for the repurchase of its own shares:
To repurchase its own shares to raise shareholders' value
||Type of shares : Common stock of the Company
||Number of shares repurchased: 15,000,000 Shares
||Purchase price: 1,981 Yen per share
||Date of repurchase: December 4, 2002
||Method of Repurchase: Through the Tokyo Stock Exchange's ToSTNeT-2
||Decision of the repurchase of its own Shares by the 79th Annual Shareholders'
Meeting held on June 27, 2002
Type of shares: Common stock of the Company
Total number of shares: Not to exceed 40,000,000 shares
Aggregate purchase price: Not to exceed 100 billion yen
||Status of the repurchase progress as of December 4, 2002
Number of shares already repurchased: 21,164,000 Shares
Accumulated purchase price: 41,664 million yen
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components.
Worldwide, the company employs 87,000 people in 31 countries and regions. Consolidated global sales for the year ended March 31, 2002 totaled 2,401.
1 billion yen (US$18.1 billion). DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan.
Note: The figures ended for the year March 31, 2002 include the effect of an irregular 15-month reporting period, due to 45 overseas subsidiaries and overseas
affiliates deciding to change their year end to March 31 from December 31.