DENSO shares updates from company management at annual dialogue day
Leading media, analysts and investors listen to DENSO executives on mobility provider’s short and long-term plans for success
YOKOHAMA, Japan, May 28, 2021 – (JCN Newswire) – DENSO, a leading provider of mobility services, held its annual Dialogue Day, where it explained how the company is achieving its long-term policy. term 2030. At this year’s event, attended by more than 200 journalists, analysts and investors, DENSO highlighted how the concepts of “green” and “peace of mind” guide technological development and shared updates on its software focus and financial goals.
“In our 2021 fiscal year, DENSO will innovate in manufacturing, mobility and society to contribute to a safer and more sustainable society that brings new choices and value that will benefit as many people as possible. customers, ”said Koji Arima, President and CEO of DENSO Corporation. “In this effort, we will continue to develop technologies, achieve carbon neutrality, eliminate accidents and create new businesses to make people and society happy.
DENSO has always been committed to sustainable development. As part of this commitment, DENSO is accelerating its efforts to achieve carbon neutrality by 2035. DENSO is making progress in three key areas:
Monozukuri: reducing CO2 emissions from factories to zero
– DENSO will accelerate the use of renewable energies; the implementation of in-depth energy conservation activities; adoption of low carbon materials, equipment and production processes; and the introduction of Factory IoT. By the end of March 2022, the Anjo plant will be carbon neutral in front of 200 installations worldwide.
Mobility products: creating cleaner and greener mobility
– DENSO will prioritize energy management technology focused on drive and thermal systems, fostering technological development in many sustainable areas, from BEV, HEV, PHEV and FCEV, to urban air mobility, to electric fuel and contactless power supply. DENSO aims to achieve 1 trillion yen in electrification sales by 2025.
Energy use: collect and reuse CO2
– DENSO will work on the development of technologies for recycling and reusing CO2. This includes solutions that store three types of energy: battery, hydrogen and fuel, as well as new technologies such as artificial photosynthesis. DENSO expects to achieve 300 billion yen in revenue in these areas by 2035. The company launched its first CO2 circulation plant at its Anjo electrification innovation center this year.
Bringing peace of mind to everyone, on and off the road
To bring “peace” to society, we work in three areas:
Zero road accidents: freer and safer journeys
DENSO will accelerate the development of on-board sensors covering the entire circumference of the vehicle and work on the development of advanced driving technologies that help prevent accidents. DENSO will also accelerate the expansion of sales of basic and aftermarket products and aim to achieve 500 billion yen in ADAS sales in 2025.
Comfortable space: comfort for peace of mind
DENSO will develop technology to remove viruses from the air and visualize harmful substances. It controls the four environments of temperature, sound, air and visibility, and creates a space of peace of mind. By 2025, DENSO will provide such products for mounting in vehicles and public spaces.
Support for people: building a society that expands people’s potential
DENSO will apply its expertise beyond automotive, striving to achieve sales of 300 billion yen in the 3 areas of agriculture, logistics and factory automation by 2030.
Strengthen software capabilities
The role of software in mobility is expanding rapidly – from helping achieve zero CO2 emissions to eliminating road accidents and optimizing connectivity. To deliver value to customers and continue to attract top talent, DENSO will participate in industry groups standardizing mobility software applications to focus on. It will also set up the Electronic PF / Software Management department on June 1, 2021, and accelerate the reallocation of 1,000 employees in software development and 2,000 employees in new areas of growth, such as CASE products. Together, these activities will help the company quickly deliver leading edge embedded software to customers.
Integrate sustainability into financial management strategies
DENSO is implementing management changes that will help solve social issues and accelerate business growth. It will do so by:
– Development of production and sales of CASE products and new mobility technologies.
Reduce fixed costs.
– Target research and development expenditure of 450 billion yen and capital expenditure of 350 billion.
These will help DENSO achieve the following goals:
– A return on equity (ROE) greater than 10% by 2025.
– An operating margin of 10% in 2025.
– A direct operating expense (DOE) of at least 3.0%.
Please view the presentation slides from the link below.
DENSO is a $ 44.6 billion global mobility services provider that develops cutting-edge technology and components for nearly every make and model of vehicle on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce thermal, powertrain, mobility, electrification and electronic systems, to create jobs that directly change the way the world moves. The company’s 168,000+ employees are paving the way for a future of mobility that improves lives, eliminates traffic accidents and protects the environment. Headquartered worldwide in Kariya, Japan, DENSO spent 10.0% of its consolidated global sales on research and development during the fiscal year ended March 31, 2021. For more information on DENSO in the world, visit https://www.denso.com/global.
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