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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  DENSO Corporation    6902   JP3551500006

DENSO CORPORATION

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DENSO : Developed Factory-IoT Platform to Link 130 Factories

10/05/2020 | 06:05am EST

TOKYO, Oct 5, 2020 - (JCN Newswire) - - DENSO Corporation today announced it has developed a Factory-IoT Platform that connects 130 production factories worldwide with information technology (IT) and internet of things (IoT) technologies, based on the concept of "as if under one roof."

This is the first in-house development of a cloud-native(1) platform using open-source-software(2) in the automotive supplier industry. The newly developed platform stores data collected from a variety of equipments at various production sites in a single cloud that can be used freely across DENSO's organization.

By connecting factories around the world in the cloud, it strengthens DENSO's global production system, enables factories to respond immediately to production changes based on local demand, and allows production teams to conduct real-time analysis of the movement of workers and operation statuses of different facilities. In addition, technical engineers in the field can incorporate digital power using their own software into the physical improvement activities accumulated over many years, which will further accelerate gains in efficiency, quality and cost savings. For example, by linking various devices, it is possible to notify the operator of equipment abnormalities and more.

After a roughly two-year development period, DENSO implemented the Factory-IoT platform in October 2019. During the development process, DENSO focused on three points: giving in-house software engineers the ability to keep improving and evolving the platform even after it has been put into operation; enhancing the company's ability to leverage agile development techniques, which consists of short cycles of development; and allowing DENSO to share data with internal and external partners as an open platform so that they can work together to improve and develop applications. As a result, DENSO is the first in the automotive supplier industry to develop its own cloud-native Factory-IoT platform instead of using existing services.

From now on, DENSO will link 130 factories around the world to the newly developed platform. In addition, we will promote education to make full use of the platform and develop application developers. DENSO aims to be a manufacturer where employees can work swiftly and collaboratively by accelerating improvements in IT and IoT technologies. At the same time, by delivering high-quality products to as many people as possible, DENSO is contributing to the realization of a safe and secure automotive society around the world.

(1) Cloud-Native A system development method that uses open-source-software to cooperatively control multiple applications on the premise of operation in the cloud

(2) Open-source-software Free software for anyone can use

About Denso

DENSO is a $48.3 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 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

Copyright 2020 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Financials
Sales 2021 4 639 B 44 368 M 44 368 M
Net income 2021 89 420 M 855 M 855 M
Net cash 2021 230 B 2 198 M 2 198 M
P/E ratio 2021 44,3x
Yield 2021 2,61%
Capitalization 4 025 B 38 470 M 38 499 M
EV / Sales 2021 0,82x
EV / Sales 2022 0,75x
Nbr of Employees 170 932
Free-Float 56,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 5 399,38 JPY
Last Close Price 5 195,00 JPY
Spread / Highest target 21,3%
Spread / Average Target 3,93%
Spread / Lowest Target -17,2%
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Managers
NameTitle
Koji Arima President, CEO & Representative Director
Yasushi Matsui CFO & Senior Head-Corporate Administration
Shoji Tsuzuki Chief Information Security Officer
Hiroyuki Wakabayashi Representative Director, CTO, VP & Head-Technology
Yasushi Yamanaka Representative Director, VP & Head-Quality
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