DENSO Corporation (the “Company”), announced that a resolution was adopted at the board of directors meeting held today to cancel its own shares pursuant to Article 178 of the Corporation Act.
| 1. Type of shares to be cancelled | Common stock |
|---|---|
| 2. Total number of shares to be cancelled | 6,123,762 shares |
| 3. Scheduled date of cancellation | November 30,2018 |
Note:
Number of treasury shares as of September 30, 2018
| Total number of shares outstanding (excluding treasury shares) | 780,875,393 shares |
|---|---|
| Number of treasury shares | 13,193,320 shares |
About DENSO Corporation
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/
SOURCE: DENSO
