DENSO CORPORATION
6902・Prime Market・Transportation Equipment
Governance
Under the corporate auditor system, the company has established a Board of Directors consisting of 12 members in total: 5 internal directors, 3 outside directors, and 4 corporate auditors. Transparency in nomination and compensation is ensured through the Officer Nomination and Compensation Meeting, chaired by an independent outside director. Directors serve one-year terms, and the Board meets once a month (13 times in FY2025), enabling agile management oversight.
Risk Management
The Company has established a Risk Management Committee chaired by the CRO (Chief Risk Officer), and selects 37 key risk items and 6 priority risk items based on an annual risk assessment. KPIs are set for the priority risks, and progress is monitored by the Board of Directors. In addition, the physical risks of climate change are managed on a company-wide basis as one of the priority risks.
Shareholder Returns
Maintaining DOE of 3.5% and continuing long-term stable dividends. Annual dividend for FY2026 (ending March 2026) is ¥67 per share (interim ¥32, year-end ¥35), total dividend amount of ¥180,754 million, and payout ratio of 41.1%. For FY2027 (ending March 2027), an annual dividend of ¥74 (interim and year-end ¥37 each) is forecast. A tender offer for treasury shares was also implemented based on a resolution of the Board of Directors.
Dividend Policy
Adopting DOE (total dividends ÷ equity attributable to owners of the parent) as the shareholder return indicator, the company implements long-term stable dividends with a policy of continuous increases from a DOE of 3.0%. Capital efficiency, dividend amount, and consolidated business performance are comprehensively considered. Dividends are paid twice a year (interim and year-end). For FY2026 (ending March 2026), the annual dividend per share is ¥67 (interim ¥32, year-end ¥35), total dividend amount of ¥180,754 million, payout ratio of 41.1%, and DOE of 3.5%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥74 (interim ¥37, year-end ¥37), with a payout ratio of 50.4%.
ESG
The company declared its support for the TCFD in 2019 and expects to achieve carbon neutrality in Scope 1 and 2 emissions by FY2025 (including the use of credits), targeting complete carbon neutrality by FY2035. On the human capital front, the employee engagement indicator (percentage of positive responses) is set to improve to 78% in FY2025, with a target of 80% by FY2030. The company has established a Sustainability Committee and built a framework in which the Board of Directors approves targets and indicators for each materiality item.
Last updated: June 11, 2026