DENSO Corporation logo

DENSO Corporation

6902.T

JPXConsumer CyclicalAuto - Parts

Latest quote

¥1,948

−¥0.50 · -0.03%

Aug 24, 11:30 AM JST

6902.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Kariya, Japan, and established in 1949, DENSO Corporation is a global enterprise engaged in the design, production, and sale of automotive components across Japan, Asia, North America, and Europe. Its extensive product portfolio features a comprehensive suite of air-conditioning systems, including heat pump A/C, control and refrigerant components, heat exchangers, bus air conditioning, automotive freezers, cooling products, and complete heating, ventilation, and air-conditioning units. The company also delivers advanced power-train systems for gasoline, diesel, hybrid, electric, and fuel cell vehicles, encompassing motor generators, power control units, and emission management components. Furthermore, DENSO provides sophisticated safety and cockpit solutions, such as driving environment perception, vehicle dynamic stability, collision prevention, visibility enhancement, cockpit information, and information security systems. Its offerings extend to a wide range of automotive service parts and accessories, which include spark plugs, various filters (oil, cabin air, air), wiper blades, starters, alternators, compressors, oxygen sensors, fuel pumps, specialized air conditioner service parts, radiators, condensers, Plasmacluster ion generators, climate control systems for commercial vehicles (buses, construction), driver status monitors, and truck refrigeration products, as well as equipment for refrigerant recovery, recycling, and charging, alongside repair and support services. Beyond the automotive sector, DENSO offers industrial solutions tailored for manufacturing facilities producing automotive parts, agricultural innovations like the Profarm Controller for greenhouse climate management, household air conditioning equipment, and various other industrial systems.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
JP
CEO
Shinnosuke Hayashi
Listed since
Dec 16, 1949
Employees
154,716

Market position

Day range

Current ¥1,948

52-week range

Current ¥1,948

Open
¥1,958
Previous close
¥1,948.5
Volume
1.81M
0.22× average
Average volume
8.34M
Average daily volume
Market cap
4.88T JPY
Beta
0.62
Market reference 1
50-day average
¥1,942.25
+0.30% above average
200-day average
¥2,011.79
-3.17% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.93T JPY
P/E (TTM)
12.14×
P/B (TTM)
1.01×
P/S (TTM)
0.63×
EV / EBITDA
4.8×
Earnings yield
8.37%
Free cash flow yield
2.66%
Dividend yield
3.44%

Profitability & efficiency

Gross margin
15.20%
Operating margin
7.10%
Net margin
5.62%
Return on equity
8.08%
Return on assets
5.08%
Return on invested capital
6.46%

Financial health

Debt / equity
0.26×
Current ratio
2.09×
Altman Z-score
2.87
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%12%8%3%Gross margin, FY2022: 14.53%Gross margin, FY2023: 14.23%Gross margin, FY2024: 15.26%Gross margin, FY2025: 15.40%Gross margin, FY2026: 15.51%Operating margin, FY2022: 6.18%Operating margin, FY2023: 6.57%Operating margin, FY2024: 5.25%Operating margin, FY2025: 6.96%Operating margin, FY2026: 7.57%Net margin, FY2022: 4.78%Net margin, FY2023: 4.92%Net margin, FY2024: 4.38%Net margin, FY2025: 5.85%Net margin, FY2026: 5.89%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 14.53%. Gross margin FY2023 14.23%. Gross margin FY2024 15.26%. Gross margin FY2025 15.40%. Gross margin FY2026 15.51%. Operating margin FY2022 6.18%. Operating margin FY2023 6.57%. Operating margin FY2024 5.25%. Operating margin FY2025 6.96%. Operating margin FY2026 7.57%. Net margin FY2022 4.78%. Net margin FY2023 4.92%. Net margin FY2024 4.38%. Net margin FY2025 5.85%. Net margin FY2026 5.89%.

Income trends

Revenue

7.54T JPY+5.28%

Operating income

571B JPY+14.61%

Net income

443.76B JPY+5.89%
Income trends across reported periods8.27T JPY5.36T JPY2.45T JPY−463.71B JPYRevenue, FY2022: 5.52T JPYRevenue, FY2023: 6.4T JPYRevenue, FY2024: 7.14T JPYRevenue, FY2025: 7.16T JPYRevenue, FY2026: 7.54T JPYOperating income, FY2022: 341.04B JPYOperating income, FY2023: 420.69B JPYOperating income, FY2024: 374.79B JPYOperating income, FY2025: 498.19B JPYOperating income, FY2026: 571B JPYNet income, FY2022: 263.9B JPYNet income, FY2023: 314.63B JPYNet income, FY2024: 312.79B JPYNet income, FY2025: 419.08B JPYNet income, FY2026: 443.76B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 5.52T JPY. Revenue FY2023 6.4T JPY. Revenue FY2024 7.14T JPY. Revenue FY2025 7.16T JPY. Revenue FY2026 7.54T JPY. Operating income FY2022 341.04B JPY. Operating income FY2023 420.69B JPY. Operating income FY2024 374.79B JPY. Operating income FY2025 498.19B JPY. Operating income FY2026 571B JPY. Net income FY2022 263.9B JPY. Net income FY2023 314.63B JPY. Net income FY2024 312.79B JPY. Net income FY2025 419.08B JPY. Net income FY2026 443.76B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue7.54T JPY7.16T JPY7.14T JPY6.4T JPY5.52T JPY
Cost of goods sold6.37T JPY6.06T JPY6.05T JPY5.49T JPY4.71T JPY
Gross profit1.17T JPY1.1T JPY1.09T JPY911.14B JPY801.49B JPY
Research and development619.4B JPY550.92B JPY521.62B JPY497.56B JPY
Selling, general, and administrative598.61B JPY509.09B JPY474.71B JPY454.21B JPY417.19B JPY
Operating expenses598.61B JPY604.67B JPY715.16B JPY490.45B JPY460.45B JPY
Interest income82.69B JPY86.37B JPY78.71B JPY51.48B JPY42.25B JPY
Interest expense31.73B JPY25.81B JPY22.25B JPY13.67B JPY8.4B JPY
Depreciation and amortization378.07B JPY376.59B JPY374.27B JPY364.64B JPY346.53B JPY
Operating income571B JPY498.19B JPY374.79B JPY420.69B JPY341.04B JPY
Net income443.76B JPY419.08B JPY312.79B JPY314.63B JPY263.9B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-17.34%
11 comparable reports
Latest EPS result
25.51
Estimate 30.23 · Miss by 15.61%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates66.3349.6632.9916.32Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 42.06, estimate 47.28, surprise -11.04%, Miss. Q2 2025, reported Apr 25, 2025: actual 37.4, estimate 42.39, surprise -11.77%, Miss. Q3 2025, reported Jul 31, 2025: actual 28.5, estimate 31.3, surprise -8.95%, Miss. Q4 2025, reported Oct 31, 2025: actual 19.2, estimate 32.57, surprise -41.05%, Miss. Q1 2026, reported Feb 3, 2026: actual 52.59, estimate 47.34, surprise +11.09%, Beat. Q2 2026, reported Apr 28, 2026: actual 62.84, estimate 57.05, surprise +10.15%, Beat. Q3 2026, reported Jul 31, 2026: actual 25.51, estimate 30.23, surprise -15.61%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 31.8, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.09T1.95T1.8T1.66TQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 1.79T JPY, estimate 1.81T JPY, surprise -1.33%, Miss. Q2 2025, reported Apr 25, 2025: actual 1.87T JPY, estimate 1.85T JPY, surprise +1.19%, Beat. Q3 2025, reported Jul 31, 2025: actual 1.75T JPY, estimate 1.74T JPY, surprise +0.85%, Beat. Q4 2025, reported Oct 31, 2025: actual 1.84T JPY, estimate 1.81T JPY, surprise +1.21%, Beat. Q1 2026, reported Feb 3, 2026: actual 1.91T JPY, estimate 1.83T JPY, surprise +4.17%, Beat. Q2 2026, reported Apr 28, 2026: actual 2.01T JPY, estimate 1.88T JPY, surprise +7.14%, Beat. Q3 2026, reported Jul 31, 2026: actual 1.91T JPY, estimate 1.84T JPY, surprise +3.96%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.91T JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥64.00

2025 complete year+82.9% since 2021

2026 partial: ¥35.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥37.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥37.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥35.00

Semi-Annual

Record Mar 31, 2026 · Payment May 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥32.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 26, 2025

Dividend

Ex-dividend Mar 28, 2025

¥32.00

Semi-Annual

Record Mar 31, 2025 · Payment May 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥32.00

Semi-Annual

Record Sep 30, 2024 · Payment Nov 26, 2024

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