DENSO CORPORATION (the 'Company') announces that its board of directors during a meeting held on April 26, 2024, passed a resolution regarding the Company's year-end dividend of surplus for the fiscal year that ended on March 31, 2024.

Reason for the dividend amount

The Company emphasizes business investment for growth and shareholder returns and considers sustainable improvement of corporate value and expansion of shareholder returns to be one of its important management policies. The company is thoughtful with capital costs and works to enhance corporate value by achieving an optimal capital structure, while balancing safety and efficiency and maximizing shareholder returns. In accordance with this policy, the company adopted DOE as the dividend standard and will execute long-term stable dividends with the aim of continuous increases from 3.0%.

After a comprehensive review, the company has decided to pay year-end dividends of 30 yen, an increase of 3 yen from the previously announced dividend forecast. As a result, the annual dividend per share will be 55 yen and DOE of this Fiscal Year will be 3.3%.

Contact:

Tadashi Arai

Tel: +81-50-1738-6018

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