is a global automotive components
manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan.
After becoming independent from Toyota Motors
, Nippon Denso Co. Ltd.
was founded in 1949. About 25% of the company is owned by Toyota Motor
. Despite being a part of Toyota Group
of companies, as of year ended March 2016, sales to Toyota Group
accounts for less than 50% of the total revenue (44% of the revenue originate from other car manufacturers in Japan, Germany, U.S. and China). Currently, Denso ranks the second largest auto parts supplier in the world.
As of 2016, Denso
Corporation consisted of 189 subsidiaries (63 in Japan, 34 in the Americas, 34 in Europe and 58 in Asia/Oceania) with a total of 151,775 employees. The company is further escalating its global production structure by establishing manufacturing complexes in India, Mexico and Indonesia in order to accommodate further global demand for their products. In 2013 Denso was listed at #242 on the Fortune Global 500 list with a total revenue of $43.1 billion