Kariya (Japan) – DENSO Corporation announced today that it will consolidate its three wholly owned subsidiaries―DENSO Well Corporation, DENSO Kyuyo Service Corporation, and DENSO Square Corporation―into one company, DENSO Well Corporation, in July. All three companies, located in Aichi, Japan, provide personnel or benefit services for DENSO group companies in Japan. The new company will also assume management of company houses and dormitories from DENSO Unity Service Corporation, also a DENSO subsidiary located in Aichi, Japan.　

After the consolidation, DENSO Well, as a wholly owned subsidiary of DENSO, will have approximately 230 employees and capital of approximately US$125,000 (15 million yen).

“The new company will be created specifically to provide comprehensive personnel and benefit services,” said Masatoshi Ano, senior managing director in charge of DENSO's Corporate and Administration Centers. “It will improve services for employees and help strengthen the management structure of the DENSO group by enhancing business efficiency through the consolidation of similar services offered by the three companies.”

The services provided by the new company will include salary payment services, operations of insurance, loans and savings programs, and operations and management of company houses, dormitories, cafeterias, stores, and leisure facilities. The new company will also provide consulting services for DENSO’s group companies in Japan to improve personnel and benefit systems.   

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs approximately 112,000 people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2007 totaled US$30.6 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges in Japan. For more information, go to www.globaldenso.com or visit our media website at www.densomediacenter.com.

New Company Profile

1. Name: DENSO Well Corporation
2. Planned Date for Consolidation: July 1, 2007
3. Location: 1-1, Showa-cho, Kariya, Aichi (at DENSO Headquarters)
4. Capital: Approximately US$125,000 (15 million yen)
5. Ownership: 100 percent owned by DENSO Corporation
6. President: Toshinori Fujita (current President of DENSO Well Corporation)
7. Business Description: Planning and operation of personnel services and employee benefit services
   
8. Employees: Approximately 230 (after consolidation)
9. Sales: Approximately US$27.5 million (approximately 3.3 billion yen projected for fiscal 2010)
   

1. Establishment: April 2, 2001
2. Location: 1-1, Showa-cho, Kariya, Aichi (at DENSO Headquarters)
3. Capital: Approximately US$125,000 (15 million yen)
4. Ownership: 100 percent owned by DENSO Corporation
5. President: Toshinori Fujita
6. Business Description: Planning and operation of employee benefit services
7. Employees: 67 (as of March 31, 2007)
   

1. Establishment: July 2, 2001
2. Location: 1-1, Showa-cho, Kariya, Aichi (at DENSO Headquarters)
3. Capital: Approximately US$83,000 (10 million yen)
4. Ownership: 100 percent owned by DENSO Corporation
5. President: Akio Tajima (also serving as DENSO managing officer)
6. Business Description: Operation of salary payment services
7. Employees: 28 (as of March 31, 2007)
   

1. Establishment: April 1, 2002
2. Location: 2-38, Nakayama-cho, Kariya, Aichi
3. Capital: Approximately US$83,000 (10 million)
4. Ownership: 100 percent owned by DENSO Corporation
5. President: Ryosuke Murayama
6. Business Description: Operation and management of the company’s club “DENSO Square”
7. Employees: 4 (as of March 31, 2007)
   

1. Establishment: April 1, 1999
2. Location: 1-1, Showa-cho, Kariya, Aichi (at DENSO Headquarters)
3. Capital: Approximately US$375,000 (45 million yen)
4. Ownership: 100 percent owned by DENSO Corporation
5. President: Toshifumi Omotaka
6. Business Description: Security guard services, temporary staffing, company vehicle management, management of company houses and dormitories, printing, pickup and delivery services
7. Employees: 755 (as of March 31, 2007)
   
   

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

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