DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles

Seed investment will help Dellfer develop cybersecurity safeguards for connected and autonomous vehicles

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KARIYA (Japan) ―DENSO, one of the world’s largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California.  Dellfer is a young startup focusing on cybersecurity solutions against “zero day” attacks within connected networks such as deployed IoT devices, and in the future, connected vehicles.  Dellfer will use the proceeds from this funding to build out its development team and begin discussions with early adopter customers, including DENSO.

“As cars become smarter, more connected, and autonomous, advanced safeguards to secure and protect the technology within those vehicles will be a key area of focus for DENSO, and the auto industry as a whole,” said Tony Cannestra, Director of Corporate Ventures at DENSO. “DENSO will continue to strongly support technologies like Dellfer’s to ensure that a safe and secure mobility future is delivered to our customers.”

“This investment accelerates our mission for IoT device cyberspace protection against zero day attacks,” said Dellfer CEO James Blaisdell. “We look forward to a deep and fruitful partnership with DENSO to deliver advance safeguards for protecting vehicles.”

DENSO continues to evaluate technology investment opportunities for automotive solutions and innovative technologies with potentially significant implications for the future of transportation. The company focuses on advancing four core areas: connectivity, autonomous driving, shared mobility and electrification (CASE) technologies. DENSO opened a Silicon Valley office in 2011, and in 2014 created a dedicated Corporate Venture Capital (CVC) group to pursue early stage investment opportunities around the world with entrepreneurs and startup companies. The company also lends expertise and monetary support to two technology incubators – Prospect Silicon Valley and NextEnergy.

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.

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DENSO announces management changes

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KARIYA (Japan) ―DENSO Corporation announced management changes.

Executive Changes

The following management changes will be effective April 1, 2018:

(1)Toshiyuki Kato will be appointed to executive vice president. Currently he is a senior executive director.

(2)The following will be appointed as senior executive directors:

  • Kazuaki Fujitani, currently an executive director
  • Yukihiro Shinohara, currently an executive director
  • Yoshitaka Kajita, currently an executive director

(3)The following will be appointed as executive directors:

  • Hidehiro Yokoo, currently an advisor
  • Koichi Nagaya, currently director, Quality Control Div.
  • Hirotaka Yato, currently project director, Corporate Planning Div.
  • Kazuhiro Iwai, currently general manager, Secretarial Dept.
  • Hiroshi Kondo, currently deputy head of Electronics Business Unit
  • Seiji Maeda, currently director, Corporate Planning Div.
  • Eiji Inoue, currently head of Air-Conditioning Business Unit

(4)Norio Fujimori will be appointed to executive fellow. Currently he is deputy head of ICT Business Unit.

(5)The following will resign as senior executive directors:

  • Yoshikazu Makino
  • Michio Adachi
  • Yukihiko Murakami

(6) Hiroyuki Murayama will resign as executive fellow.

Responsibility of Member of the Board and Executive Directors as of April 1st, 2018

Members of the Board

*Representative, ○ Newly-appointed, Changes are underlined

Title Name Responsibility
*Chairman Nobuaki Katoh  
*President & CEO Koji Arima  
*Executive

Vice President

Haruya Maruyama Overall Management, Corporate Strategy
Yasushi Yamanaka Overall Management, Safety, Quality,
Production, Corporate Foundation Center,
DENSO ABASHIRI TEST CENTER CORP.
Hiroyuki Wakabayashi Overall  Management, R&D Strategy,
CISO(Chief Information Security Officer),
Purchasing, Information Security Promotion Dept., SOKEN,INC.
Member of the Board Koji Kobayashi  
Yoshikazu Makino  
George Olcott Outside board member
Takashi Nawa  Outside board member

Executive Vice President, Senior Executive Directors

Title Name Responsibility
Executive Vice President ○Toshiyuki Kato Toyota, Toyota Group
Sadahiro Usui CEO of Europe,
DENSO INTERNATIONAL EUROPE B.V.
Hiroyuki Ina Electronic Systems Business Group,
Tokyo Office
Masahiko Ito New Business,
Fleet Air-Conditioning Business Unit
Katsuhisa Shimokawa Powertrain Systems Business Group, Korea
Shoji Tsuzuki Corporate Center, Information Systems Div., EDT Promotion Div., Audit Dept.
Shingo Kuwamura Purchasing Group
Yukihiro Kato Mobility Systems Business Group
Yoshifumi Kato Engineering Research & Development Center, Digital Innovation
○Kazuaki Fujitani Sales and Marketing Group
○Yukihiro Shinohara Electrification Systems Business Group
○Yoshitaka Kajita CEO of China

Executive Directors

Title Name Responsibility
Executive Directors Kazumasa Kimura DENSO (CHINA) INVESTMENT CO.LTD.
Bunichi Kondo Tokyo Sales Div.
Masanori Tsuruta Sensor & Semiconductor Business Unit
Yasuhiro Iida Thermal Systems Business Group, Taiwan
Kenichiro Ito CEO of North America,
DENSO INTERNATIONAL AMERICA, INC.
Jack Helmboldt Manufacturing and Mobility Systems Business of North America,
DENSO MANUFACTURING TENNESSEE, INC.
Shinsuke Yamaguchi CEO of Asia-Oceania,
DENSO INTERNATIONAL ASIA CO., LTD.
Jiro Ebihara Electric Components Business Unit,
Manufacturing of Electrification Systems Business Group
Yuji Ishizuka Sales and Marketing of Europe
Yasuhiko Yamazaki Production Innovation Center,
Manufacturing of Electronic Systems Business Group and Mobility System Business Group
Hisaaki Sato Sales and Marketing of North,
Central & South America
Hajime Kumabe Advanced Mobility Systems R&D Div.,
Mechanical & Energy Eng. R&D Div.,
Advanced Testing&Evaluation Div.,
R&D Tokyo Administration Dept.
Yasushi Matsui Global Strategy Center,
Finance & Accounting Div.,
Work Style Reforms Dept.
Hirotsugu Takeuchi Connected & Cockpit Business Unit,
Thermal Systems R&D Function Unit
Keiko Shimokata Safety Health & Environment Div.(Health & Environment), Health Care Promotion Div.,
DENSO BLOSSOM Co. LTD
Terutaka Kageyama Sales Engineering
○Hidehiro Yokoo Global Strategy Div. (Public Relations),
Corporate Communications Div.,
Legal Div., Tokyo Office (Public Relations)
Yutaka Yamanouchi Production Innovation Planning Div.,
Production Control Div., Facility Div.,
DENSO E&TS TRAINING CENTER CORP.
Hisashi Iida AD&ADAS Business Unit,
Electronic Control Components Div.
Marco Di Rao Marotta Thermal Systems Business of Europe,
DENSO THERMAL SYSTEMS S.p.A.
Sinnosuke Hayashi Mobility Systems Function Unit,
Basis Electronic Technology Unit,
DENSO CREATE INC.
Yasushi Mukai Engine Components Business Unit,
Powertrain Systems Business Planning Dept.
Katsuhiko Takeuchi Engine Systems Business Unit,
Powertrain Systems Development Div.
Tomoyuki Arakawa New Business Unit,
AgTech Promotion Div.
Kazuoki Matsugatani Engineering of Europe
Katsuhiko Sugito Machinery & Tools Div., FA Business Unit
○Koichi Nagaya Quality Control Div.,
Safety Health & Environment Div. (Safety)
○Hirotaka Yato Aftermarket Business Unit,
Customer Service Div.
○Kazuhiro Iwai Secretarial Dept., Human Resources Div.,
General Admin. Div.,
Plant General Administration,
Motor business integration Dept.
○Hiroshi Kondo Electronics Business Unit
○Seiji Maeda Motor Business Unit
○Eiji Inoue Air-Conditioning Business Unit

Changes of Members of the Board and Audit & Supervisory Board Member

DENSO decided the following changes of members of the board and the members on its audit & supervisory board. This changes will be effective after the 95th Annual General Meeting of Shareholders, 2018.:

(1)Shoji Tsuzuki will be appointed as members of the Board. Currently he is a senior executive director

(2)The following will resign as from members of the Board:

  • Nobuaki Katoh
  • Koji Kobayashi
  • Yoshikazu Makino

(3)Motomi Niwa will be appointed as member of the Audit & Supervisory Board.

(4)Masato Iwase will resign as member of the Audit & Supervisory Board.

DENSO’s New Board of Directors and Audit & Supervisory Board as of Annual General Meeting of Shareholders, 2018

Board of Directors

*Representative, **Outside, ○ Newly-appointed

Title Name
*President & CEO Koji Arima
*Executive Vice President Haruya Maruyama
Yasushi Yamanaka
Hiroyuki Wakabayashi
Member of the Board ○Shoji Tsuzuki
George Olcott**
Takashi Nawa**

Audit & Supervisory Board Members

**Outside, ○ Newly-appointed

Title Name
Audit & Supervisory Board Member  Atsuhiko Shimmura
○Motomi Niwa
Moritaka Yoshida**
Tsutomu Saito**
 Noriyuki Matsushima**

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.

Source: Denso Press Release

DENSO Taps Technical Expert Takuya Oikawa to Enhance Information and Communications Technology Business

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KARIYA (Japan) ― DENSO Corporation, one of the world’s largest automotive suppliers, today announced it has agreed to a technical adviser contract with Takuya Oikawa, a leading global developer of software products.

The global automotive industry continues to shift dramatically, with greater concentration on electrification, automated driving and connected driving. Competition from other diverse industries and new players looking to enter the space likewise increases. DENSO is committed to being a world leader ushering in this future of mobility, and views information and communication technology (ICT) as a core path to accelerate new innovations through cloud platforms and open source software.

DENSO’s technical adviser contract with Oikawa will help upgrade its ICT and promote businesses in electrification, automated driving, and connected driving. Doing so pushes DENSO’s open business and development beyond merely manufacturing automotive components, delivering products to meet society’s changing transportation needs.

Main contents of the adviser contract:

  • Formulation of ICT-related business strategies and support for planning, development, sales, and operation of relevant products and services
  • Support for organizational design including recruitment strategy, skill assessment, and career planning for ICT engineers
  • Investigation into possible partnerships with ICT-related companies, and support for negotiations

Profile of Takuya Oikawa

Oikawa, a graduate of Waseda University’s School of Science and Engineering, led the development of the international versions of Windows at Microsoft after working for a foreign-affiliated company. He then joined Google and served as engineering manager of the Chrome Web Platform team before later joining Increments, Inc. which hosted Qiita, a Japanese software engineer knowledge-sharing community service. He has long worked on standardization and developers community, including infrastructure, security and web technologies. Most recently, Oikawa evangelized product management and engineering management in Japan. He became independent in 2017. 

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.

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DENSO and NEC Establish a Joint Venture to Develop Essential Connectivity Technologies for Cars of the Present and Future

KARIYA (Japan) ― DENSO Corporation and NEC Platforms, Ltd., a subsidiary of NEC Corporation, today unveiled a new joint venture, DENSO NEXT CO., LTD. The company will develop in-vehicle information and communications equipment critical for fostering a truly connected environment inside vehicles, such as instrument clusters, head-up displays, and on-board communication equipment. The company will start operations on December 1, 2017.

The recent cockpit innovation and advancement of connected technologies have made communication between products in the cabin more complicated, rapidly increasing the need to develop in-vehicle products more efficiently. DENSO NEXT will harness DENSO’s advanced automotive engineering and manufacturing capabilities, and NEC Group’s advanced technologies and track record in the information and communications technology (ICT) business to quickly design and bring to market advanced in-vehicle equipment.

DENSO NEXT will be located on the premises of NEC’s Tamagawa Plant in Kawasaki, Kanagawa, Japan. The innovations developed by DENSO and NEC Platforms engineers will enable DENSO to more efficiently produce existing information and communications equipment, and to create new products in line with vehicle cockpit advancements.

DENSO NEXT combines DENSO’s deep experience with automotive components and NEC and NEC Platforms’ expertise in IT and network technologies and experience in developing automotive components. NEC and NEC Platforms have expertise in ICT and conventional in-vehicle equipment through their development of wireless communication and software products. Their expertise will be applied to achieve further advancement of in-vehicle equipment that requires high reliability and long-term assurance.

In December 2016, DENSO and NEC started to collaborate in advanced driver assistance, automated driving, and manufacturing using AI and IoT. The two companies will take full advantage of technologies, products, and organizations created through the collaboration to help create a safe and secure automotive society for all people around the world.

The profile of the joint venture is as follows:

Name DENSO NEXT CO., LTD.
Location 1753 Shimonumabe, Nakahara-ku, Kawasaki, Kanagawa, Japan(on the premises of NEC’s Tamagawa Plant)
President Takahira Katoh
Establishment November 24, 2017
Capital 15 million yen (approximately US$133,000)
Ownership 51% owned by DENSO, 49% by NEC Platforms
Employees 50 employee (Projected as of September 2018)
Business description Development of in-vehicle information and communications equipment

* Exchange rate used is 113 yen to the US one dollar, at the end of October for convenience only.

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 http://www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society.  For more information, visit NEC at http://www.nec.com

The NEC Group globally provides “Solutions for Society” that promote the safety, security, efficiency and equality of society. Under the company’s corporate message of “Orchestrating a brighter world,” NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow.

Via Denso Press Release

SUZUKI, TOSHIBA and DENSO reached basic agreement to establish joint venture company for production of automotive lithium-ion battery packs in India

SUZUKI MOTOR CORPORATION (SUZUKI), TOSHIBA CORPORATION (TOSHIBA) and DENSO CORPORATION (DENSO) have reached basic agreement on establishing a joint venture company for production of automotive lithium-ion battery packs in India, and signed the agreement.

In India, higher attention is being paid to environment, and new CO2 standards for automobiles is planned to be introduced.  In the Indian automotive market where compact cars are the mainstream models, introduction of sustainable technology suitable for such affordable cars is required.  The battery pack manufacturing joint venture by the three companies will realize stable supply of lithium-ion battery packs in India in the course of promoting sustainable cars in the country and will contribute to “Make in India” initiative by the Indian Government.

The joint venture company will be established within 2017 and shall move to manufacturing phase at earliest possible timing.  The initial capital expenditure will be 20 billion Japanese yen.  The joint venture company will be capitalized at 2 billion Japanese yen, with the planned participation ratio of SUZUKI 50%, TOSHIBA 40% and DENSO 10% respectively.

Establishment of the joint venture company will be further examined in details by the three companies, and subject to approval by respective authorities in accordance with applicable competition laws.

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DENSO and IBIDEN to Collaborate on Developing Powertrains

KARIYA (Japan) ― Global automotive supplier DENSO Corporation and electronics and ceramics company IBIDEN Co., Ltd. have today formed a capital and business alliance to jointly develop the next-generation vehicle exhaust system. This collaboration will combine IBIDEN’s advantages in high-performance ceramic materials with DENSO’s advantages in developing products as systems to synergistically develop high-performance yet simple and low-cost vehicle exhaust systems. DENSO will acquire the treasury stock of IBIDEN through a third-party allocation. In addition, to respond to an increasingly diverse range of powertrains, DENSO and IBIDEN will consider collaboration in the area of vehicle electrification to make vehicle electrification more efficient.

As international regulations on vehicle exhaust emissions become more strict, internal combustion engines must be more efficient and the exhaust systems improved. This capital and business alliance will enable the two companies to pool their accumulated technological strengths to speed up the development of high-performance vehicle exhaust systems for internal combustion engines, including gasoline, diesel, hybrid, and plug-in hybrid engines.

DENSO has developed and provided systems components to better control the intake, power, and exhaust events in the operating cycle of gasoline and diesel engines. Meanwhile, IBIDEN has focused on its ceramic business and developed high-performance ceramic materials, such as for diesel particulate filters (DPF), for the exhaust system of diesel engines.

The two companies will develop eco-friendly products that improve fuel efficiency and reduce exhaust emissions, thus helping to preserve the global environment.

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, 2016, totaled US$40.2 billion. Last fiscal year, DENSO spent 8.8 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

About IBIDEN Co., LTD.

IBIDEN Co., Ltd. is a Japanese company with more than 100 years history. The IBIDEN Group consists of 37 subsidiaries and 3 affiliates. IBIDEN Group is managing businesses centering around electronics and ceramics. In the electronics business, the company designs and manufactures plastic packages and printed-wiring boards that are used for personal computers and smart phones as well as contributing to the development of telecommunication equipment which the world is expecting. In the ceramics business, IBIDEN produces Diesel Particulate Filters (DPF) that purifies the exhaust gas of diesel cars, and also produces graphite specialty products used for semiconductor and solar cell manufacturing devices. IBIDEN designs and manufactures the products that reduce the global-environmental load with long-established ceramic technologies. For more information, visit their website www.ibiden.com

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DENSO and Toshiba to Collaborate on IoT-based Manufacturing, Advanced Driver Assistance, Automated Driving, and Others

KARIYA, TOKYO (Japan) – DENSO Corporation and Toshiba Corporation today announced that the two companies have begun talks to enhance collaborations in the fields of Internet of Things (IoT)-based manufacturing, advanced driver assistance, automated driving, and others.

The collaborations aim to combine DENSO’s high level of technology and manufacturing capability accumulated through its experience in the automotive market and Toshiba’s image recognition, IoT, artificial intelligence (AI), and software development technologies, in order to increase the competitiveness to make it through the paradigm shift that is taking place in the automotive industry.

In the fields of advanced driver assistance and automated driving, DENSO and Toshiba have jointly developed AI technologies used in image recognition systems. Moreover, the two companies have worked together in a wide range of areas including the development of automotive lithium-ion battery packs and software for ECUs used in automotive components.

DENSO and Toshiba will collaborate more closely in fields where they can share their visions and speed up the development of technology.

Press Release