PUBLISHED ONApril 29, 2022 1:20 AM
KARIYA, JAPAN, Apr 29, 2022 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced its global year-end financial results for its fiscal year ending March 31, 2022. DENSO's product and technology developments, partnerships, and other actions and achievements continue to be guided by its Two Great Causes: Green - achieving carbon neutrality by 2035 - and Peace of Mind - creating a safe and seamless world for all.
"This fiscal year was a year of desperate efforts to rebuild our business foundation. The current global situation is becoming increasingly uncertain. Next year will be another year that will test our ability to steer management," said Koji Arima, president and CEO of DENSO Corporation. "We will further strengthen our ability to respond to crises and changes and will collaborate with many partners, both in the parts industry and other industries, to realize carbon neutrality, digitalization and increase resilience to coexist with uncertain situation. We will take on the challenges of creating exciting society full of smiles."
Great Cause: Going Green
DENSO has always been committed to sustainability. As part of that commitment, DENSO is accelerating its efforts to achieve carbon neutrality in three fields: manufacturing, mobility products, and energy use. Activities that supported this included:
- Testing a CO2 circulation plant at its Anjo Plant's Electrification Innovation Center. The plant captures and recycles CO2, supporting DENSO's efforts to eliminate CO2 emissions from its facilities.
- Expanding its alliance with Honeywell to develop, test, and fly electric propulsion systems for the urban air mobility segment. This supports both company's sustainability focus.
- Providing key electrification products to Toyota and Subaru's all-new, all-electric bZ4X and SOLTERRA. The products help battery electric vehicles (BEVs) go farther, charge faster, and perform better.
- Co-developing an eAxle used in Toyota's bZ4X. The product ultimately helps the vehicle increase its electric mileage.
- Collaborating with United Semiconductor Japan Co., Ltd., on the production of power semiconductors to serve the growing electrification demand in the automotive market.
Great Cause: Bringing Peace of Mind
DENSO remains focused on building technologies and products that deliver safer solutions to everyone both on and off the road. Activities that supported this included:
- Improving vehicle sensing and safety with products for Advanced Drive, an advanced driver assistance technology featured on the new Lexus LS and Toyota Mirai.
- Developing Global Safety Package 3, an active safety system that gives vehicles high-sensing capability of their surroundings.
- Enhancing the performance and functions of its small stereo image sensor to improve the safety of light vehicles.
- Discovering through joint research that DENSO's microalga can potentially destroy COVID-19 and other viruses.
- Collaborating with universities to develop a biosensor that detects SARS-CoV-2.
Foundation of Two Great Causes: Creating a Better Society
To support and accelerate its Two Great Causes, DENSO strengthened its organizational foundation this fiscal year. During this time, DENSO expanded its focuses on software development and semiconductor procurement. Activities that supported this included:
- Upskilling 1,000 employees in software development and 2,000 in other growth areas.
- Investing in Japan Advanced Semiconductor Manufacturing, Inc., to help stabilize semiconductor supplies.
- Issuing the company's first sustainability bonds to promote sustainability management. The bonds are issued to finance activities that contribute to environmental and social sustainability.
In its new fiscal year, DENSO will continue to focus on enriching mobility and achieving sustainability and peace-of-mind for all.
DENSO is a $45.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 198 facilities to produce electrification system, powertrain system, thermal system, mobility electronics, & advanced devices, to create jobs that directly change how the world moves. The company's 167,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered Kariya, Japan, DENSO spent 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2022. For more information about global DENSO, visit https://www.denso.com/global/en/.
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