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.

Descriptions:

(1)	Reasons for the repurchase of its own shares: To repurchase its own shares to raise shareholders' value
(2)	Type of shares : Common stock of the Company
(3)	Number of shares repurchased: 15,000,000 Shares
(4)	Purchase price: 1,981 Yen per share
(5)	Date of repurchase: December 4, 2002
(6)	Method of Repurchase: Through the Tokyo Stock Exchange's ToSTNeT-2 (Closing-price transaction)

Reference:

1.	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
2.	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.

Contact:
Sadayoshi Yokoyama
+81 566-25-5594
sadayoshi_yokoyama@denso.co.jp

Goro Kanemasu
+81 566-25-5594
goro_kanemasu@denso.co.jp