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DENSO delivers company direction update

Auto News - Published on Tue, 28 May 2019

Image Source: denso.com
DENSO announced updates to its new business strategy and progress toward achieving its 2030 goal: to create and inspire new value for the future of advanced mobility. In October 2017, DENSO declared its ‘second founding’ as it expanded into software-based solutions to complement its traditional hardware expertise, marking one of the most significant strategic shifts in the company’s 70-year history.

During a news conference, President & CEO Koji Arima and other senior leaders reaffirmed DENSO’s commitment to its strategy designed to increase performance in the fields of electrification and automated driving, boost investment in R&D globally to create ground breaking technologies & focus on key initiatives both in and outside the auto industry to add value. He said that “The future of advanced mobility will soon be realized. DENSO wants to contribute by creating and delivering innovative solutions that enrich people’s lives. To that end, and through our Long-Term Policy 2030, DENSO will continue to lead the fields of vehicle electrification and automated driving, innovate with agility and through collaboration, and seek emerging areas in which to enhance mobility.”

DENSO’s goal in FY2025 is to reach sales of 7 trillion yen (about USD 63.9 billion) and an operating income ratio of 10%. In FY2021, the company projects it will produce sales of 5.6 trillion yen (about USD 51.1 billion) and operating income ratio of 8% or more.

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Posted By : Rabi Wangkhem on Tue, 28 May 2019
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