DENSO Announces Outcome of Share Repurchase Through N-NET
According to provisions of Article 210 of former Japanese commercial code
KARIYA (Japan) ― DENSO Corporation (the “Company”) today announced the outcome of the repurchase of its own shares through the Nagoya Stock Exchange’s N-NET.
Accordingly, repurchase of Company’s own shares decided at its 83rd Annual Shareholders’ Meeting held on June 27, 2006 has been completed.
(1) Reasons for the repurchase:
To raise shareholder value and to prepare for timely and flexible capital policy measures under a changing business environment.
(2) Type of shares : Common stock of the Company
(3) Number of shares repurchased: 2,500,000 shares
(4) Purchase price: 4,450 Japanese yen per share
(5) Date of repurchase: March 14, 2007 (Wednesday)
(6) Method of repurchase: Through the Nagoya Stock Exchange’s N-NET (Closing-price transaction)
1. Decision to repurchase its own shares was made at the Company’s 83rd Annual Shareholders’ Meeting held June 27, 2006.
Type of shares: Common stock of the Company
Total number of shares: Not to exceed 7,500,000 shares
Aggregate purchase price: Not to exceed 37,500 million yen
2. Status of the repurchase progress as of March 14, 2007
Number of shares already repurchased: 7,500,000 shares
Accumulated purchase price: 32,980 million yen
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 106,000 people in 32 countries and regions, including Japan. Consolidated global sales for fiscal year ended March 31, 2006 totaled US$27.3 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.