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

DENSO CORPORATION

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DENSO : Establishes Global R&D Tokyo Haneda in Haneda Innovation City

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07/06/2020 | 07:41am EDT

DENSO Corporation has established today 'Global R&D Tokyo, Haneda' as a new base for R&D on automated driving and related technologies.

It is located in Haneda Innovation City, which was opened this year.

In April 2018, DENSO set up Global R&D Tokyo near Shinagawa Station, to conduct R&D mainly on automated driving. The newly established Global R&D Tokyo, Haneda will have an office to design and develop automated driving technology, an automotive service building to carry out works including installing prototype systems in vehicles, and a proving ground to conduct in-vehicle tests. With these two facilities, DENSO will build a framework to seamlessly implement projects in the Tokyo metropolitan area, ranging from R&D to in-vehicle tests, to accelerate its technological innovation.

Designated as a National Strategic Special Zone, the Haneda area in Ota City is creating an enabling environment for field tests on public roads, including those on automated driving. Moreover, Ota City is home to many manufacturers. DENSO will utilize the special zone system and collaborate with such manufacturers in the city and neighboring communities.

Through R&D on automated driving and related technologies at its Global R&D Tokyo and Global R&D Tokyo, Haneda, DENSO will contribute to achieving advanced mobility that improves people's lives.

Contact:

Tel: 1 613 925

(C) 2020 Electronic News Publishing, source ENP Newswire


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Sales 2021 4 627 B 44 209 M 44 209 M
Net income 2021 93 085 M 889 M 889 M
Net cash 2021 248 B 2 370 M 2 370 M
P/E ratio 2021 40,3x
Yield 2021 2,86%
Capitalization 3 795 B 36 200 M 36 260 M
EV / Sales 2021 0,77x
EV / Sales 2022 0,70x
Nbr of Employees 170 932
Free-Float 56,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 5 283,13 JPY
Last Close Price 4 898,00 JPY
Spread / Highest target 22,5%
Spread / Average Target 7,86%
Spread / Lowest Target -22,4%
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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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