DENSO to Repurchase Up To 40,000,000 Common Stocks

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Date: 05/10/2002

TOKYO - DENSO Corporation today announced that it will repurchase its own common stocks, up to 40,000,000 shares or up to 100 billion yen, after it obtains approval from shareholders at the 79th Annual Meeting of Shareholders on June 27, 2002.

"DENSO's Board of Directors decided to repurchase the stock in order to improve capital efficiency and raise return on equity," said Masatoshi Ano, managing director responsible for DENSO finance.

The stock repurchase, which is in accordance with Article 210 of Japan's Commercial Code, will be valid after authorization at the 79th meeting until the closing of the 80th meeting. Share repurchases after the shareholders meeting's authorization may be made from time to time during the authorized time period.

The number of shares to be repurchased, up to 40,000,000 shares, is 4.6 percent of DENSO's total outstanding share as of March 31, 2002, 865,686,030 shares.

For the fiscal year ended March 31, 2002, DENSO repurchased its own stocks of 48,000,000 with 84,894 million yen.

DENSO common stock is traded on Tokyo, Osaka and Nagoya stock exchanges in Japan.

IMPORTANT NOTICE:
DENSO Corporation posted the press release on this Website, aiming to facilitate timely disclosure of information to its customers, stockholders, investors etc.
If you view the information, you may be deemed to be the "First Recipient of Insider Information" within the meaning of the Japanese Securities and Exchange Law and regurations ("Laws"). Then, you will be prohibited from trading the Company's issued securities including stocks and convertible bonds until 11:00 p.m., May 10, 2002 (Japan Time) which is twelve hours after the information is disclosed to media. Any person who violates such prohibition is subject to punishment under the Laws.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Worldwide, the company employs 87,000 employees in 30 countries and regions, including Japan. Consolidated global sales for the year ended March 31, 2002 totaled US$18.1 billion.

Contact:

Sadayoshi Yokoyama
+81 566-25-5594

sadayoshi_yokoyama@denso.co.jp

Goro Kanemasu
+81 566-25-5594

goro_kanemasu@denso.co.jp

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News Source : DENSO to Repurchase Up To 40,000,000 Common Stocks