Denso (6902.T) Stock Price

Denso Price

JPX·CLOSED
1,924.00JPY-5.50 (-0.29 %)
Market closed

Over the last 19 years Denso grew revenue by 4.4% annually, reaching 7.16 T JPY. Earnings per share have declined at 1.8% per year over the last 19 years. For Denso, the net margin of 5.9% is up versus 2.5% a few years ago. At today's price the dividend yield works out to roughly 3.33%. The payout ratio is around 44% of earnings. The dividend has grown at 2.4% per year over the past 19 years. The consensus 12-month price target for Denso is 2,397.00 JPY, about 24.6% above where the stock trades today. Of 23 analysts, 14 rate the stock a buy — an overall Buy consensus. The stock trades about 6% above its 52-week low.

Denso stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Denso over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Denso stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Denso's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Denso Stock Price History
DateDenso Price
8/10/20261,924.00 JPY
8/7/20261,929.50 JPY
8/6/20261,911.50 JPY
8/5/20261,904.50 JPY
8/4/20261,890.50 JPY
8/3/20261,947.50 JPY
7/31/20261,967.50 JPY
7/30/20262,200.50 JPY
7/29/20262,208.00 JPY
7/28/20262,079.50 JPY
7/27/20262,044.00 JPY
7/24/20261,977.00 JPY
7/23/20261,993.00 JPY
7/22/20261,989.50 JPY
7/21/20261,996.00 JPY
7/17/20261,964.00 JPY
7/16/20261,975.50 JPY
7/15/20261,950.50 JPY
7/14/20261,947.00 JPY
7/13/20261,927.50 JPY
7/10/20261,931.00 JPY
7/9/20261,931.50 JPY
7/8/20261,953.50 JPY
7/7/20261,985.00 JPY
7/6/20261,992.00 JPY
7/3/20261,968.50 JPY
7/2/20261,930.50 JPY
7/1/20261,865.00 JPY
6/30/20261,890.00 JPY
6/29/20261,878.50 JPY
6/26/20261,863.00 JPY
6/25/20261,859.50 JPY
6/24/20261,867.00 JPY
6/23/20261,885.50 JPY
6/22/20261,892.00 JPY
6/19/20261,902.50 JPY
6/18/20261,915.50 JPY
6/17/20261,907.50 JPY
6/16/20261,893.50 JPY
6/15/20261,910.50 JPY
6/12/20261,853.50 JPY
6/11/20261,815.00 JPY
6/10/20261,890.50 JPY
6/9/20261,925.00 JPY
6/8/20261,898.00 JPY
6/5/20261,885.00 JPY
6/4/20261,914.50 JPY
6/3/20261,913.00 JPY
6/2/20261,865.50 JPY
6/1/20261,858.00 JPY
5/29/20261,904.00 JPY
5/28/20261,880.00 JPY
5/27/20261,873.50 JPY
5/26/20261,832.00 JPY
5/25/20261,840.50 JPY
5/22/20261,840.50 JPY
5/21/20261,865.50 JPY
5/20/20261,829.00 JPY
5/19/20261,859.50 JPY
5/18/20261,838.50 JPY
5/15/20261,909.00 JPY
5/14/20261,901.50 JPY
5/13/20261,917.00 JPY
5/12/20261,878.00 JPY
5/11/20261,879.00 JPY
5/8/20261,919.00 JPY
5/7/20261,914.50 JPY
5/1/20261,895.50 JPY
4/30/20261,882.50 JPY
4/28/20261,846.50 JPY
4/27/20261,883.50 JPY
4/24/20261,868.00 JPY
4/23/20261,893.50 JPY
4/22/20261,925.50 JPY
4/21/20261,944.00 JPY
4/20/20261,962.50 JPY
4/17/20261,926.00 JPY
4/16/20261,917.50 JPY
4/15/20261,915.00 JPY
4/14/20261,926.50 JPY
4/13/20261,917.00 JPY
4/10/20261,933.00 JPY
4/9/20261,951.50 JPY
4/8/20261,960.50 JPY
4/7/20261,908.00 JPY
4/6/20261,907.50 JPY
4/3/20261,923.00 JPY
3/27/20261,953.50 JPY
3/26/20261,944.50 JPY
3/25/20261,921.50 JPY
3/24/20261,907.50 JPY
3/23/20261,864.00 JPY
3/19/20261,915.50 JPY
3/18/20261,965.00 JPY
3/17/20261,945.00 JPY
3/16/20261,933.50 JPY
3/13/20261,937.50 JPY
3/12/20262,003.00 JPY
3/11/20262,025.00 JPY
3/10/20262,007.00 JPY
3/9/20261,994.00 JPY
3/6/20262,034.00 JPY
3/5/20262,104.50 JPY
2/26/20262,232.50 JPY
2/24/20262,223.00 JPY
2/20/20262,215.00 JPY
2/19/20262,292.00 JPY
2/18/20262,300.00 JPY
2/17/20262,255.00 JPY
2/16/20262,213.50 JPY
2/13/20262,234.00 JPY
2/12/20262,156.00 JPY
2/10/20262,148.00 JPY
2/9/20262,137.50 JPY
2/6/20262,161.50 JPY
2/5/20262,088.50 JPY
2/4/20262,056.50 JPY
2/3/20262,065.00 JPY
2/2/20262,153.00 JPY
1/30/20262,143.00 JPY
1/29/20262,117.00 JPY
1/28/20262,096.50 JPY
1/27/20262,126.00 JPY
1/26/20262,134.00 JPY
1/23/20262,210.50 JPY
1/22/20262,226.00 JPY
1/21/20262,202.50 JPY
1/20/20262,224.00 JPY
1/19/20262,242.50 JPY
1/16/20262,276.50 JPY
1/15/20262,274.50 JPY
1/14/20262,218.50 JPY
1/13/20262,209.00 JPY
1/9/20262,159.00 JPY
1/8/20262,119.50 JPY
1/7/20262,152.00 JPY
1/6/20262,203.50 JPY
1/5/20262,180.50 JPY
12/30/20252,158.00 JPY
12/29/20252,155.00 JPY
12/26/20252,160.00 JPY
12/25/20252,157.50 JPY
12/24/20252,137.50 JPY
12/23/20252,149.50 JPY
12/22/20252,173.00 JPY
12/19/20252,139.50 JPY
12/18/20252,126.50 JPY
12/17/20252,109.00 JPY
12/16/20252,102.50 JPY
12/15/20252,135.00 JPY
12/12/20252,125.50 JPY
12/11/20252,096.50 JPY
12/10/20252,088.50 JPY
12/9/20252,036.00 JPY
12/8/20252,022.50 JPY
12/5/20252,001.50 JPY
12/4/20252,074.00 JPY
12/3/20252,022.00 JPY
12/2/20252,027.50 JPY
12/1/20252,043.00 JPY
11/28/20252,059.50 JPY
11/27/20252,064.50 JPY
11/26/20252,059.50 JPY
11/25/20252,046.00 JPY
11/21/20252,067.50 JPY
11/20/20252,019.00 JPY
11/19/20252,004.00 JPY
11/18/20252,011.00 JPY
11/17/20252,084.00 JPY
11/14/20252,130.50 JPY
11/13/20252,094.50 JPY
11/12/20252,111.00 JPY
11/11/20252,075.50 JPY
11/10/20252,071.50 JPY
11/7/20252,083.00 JPY
11/6/20252,091.50 JPY
11/5/20252,100.00 JPY
11/4/20252,126.00 JPY
10/31/20252,161.50 JPY
10/30/20252,300.00 JPY
10/29/20252,282.50 JPY
10/28/20252,292.00 JPY
10/27/20252,315.00 JPY
10/24/20252,286.50 JPY
10/23/20252,250.00 JPY
10/22/20252,283.00 JPY
10/21/20252,236.00 JPY
10/20/20252,243.50 JPY
10/17/20252,185.00 JPY
10/16/20252,211.50 JPY
10/15/20252,197.00 JPY
10/14/20252,180.00 JPY
10/10/20252,197.50 JPY
10/9/20252,240.00 JPY
10/8/20252,252.00 JPY
10/7/20252,272.00 JPY
10/6/20252,244.50 JPY
10/3/20252,154.50 JPY
10/2/20252,129.00 JPY
10/1/20252,106.50 JPY
9/30/20252,135.50 JPY
9/29/20252,148.50 JPY
9/26/20252,238.00 JPY
9/25/20252,213.50 JPY
9/24/20252,201.50 JPY
9/22/20252,199.50 JPY
9/19/20252,158.00 JPY
9/18/20252,181.50 JPY
9/17/20252,160.50 JPY
9/16/20252,174.00 JPY
9/12/20252,139.00 JPY
9/11/20252,141.00 JPY
9/10/20252,149.50 JPY
9/9/20252,212.50 JPY
9/8/20252,204.50 JPY
9/5/20252,182.50 JPY
9/4/20252,156.00 JPY
9/3/20252,138.50 JPY
9/2/20252,136.00 JPY
9/1/20252,120.00 JPY
8/29/20252,135.50 JPY
8/28/20252,143.50 JPY
8/27/20252,136.50 JPY
8/26/20252,136.00 JPY
8/25/20252,154.50 JPY
8/22/20252,146.00 JPY
8/21/20252,116.50 JPY
8/20/20252,167.50 JPY
8/19/20252,170.00 JPY
8/18/20252,129.00 JPY
8/15/20252,103.00 JPY
8/14/20252,084.50 JPY
8/13/20252,138.00 JPY
8/12/20252,116.50 JPY
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Denso Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
6.40 T JPY
428.38 B JPY
314.63 B JPY
Jan 1, 2024
7.14 T JPY
381.59 B JPY
312.79 B JPY
Jan 1, 2025
7.16 T JPY
496.30 B JPY
419.08 B JPY
Jan 1, 2026 (e)
7.39 T JPY
801.20 B JPY
446.85 B JPY
Jan 1, 2027 (e)
7.72 T JPY
836.79 B JPY
478.61 B JPY
Jan 1, 2028 (e)
7.93 T JPY
860.28 B JPY
542.16 B JPY
Jan 1, 2029 (e)
8.18 T JPY
886.81 B JPY
603.94 B JPY
Jan 1, 2030 (e)
8.39 T JPY
910.06 B JPY
649.01 B JPY

Denso Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 11, 2026, 10:49 AM
 
REVENUET JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMET JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESB
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
4.524.535.115.365.154.945.526.407.147.167.397.727.938.188.398.78
4.980.0612.844.98-3.90-4.2111.7216.0611.610.243.154.442.813.082.624.59
17.1816.7316.7115.4914.1613.4014.5314.2315.2615.4015.4015.4015.4015.4015.4015.40
0.780.760.850.830.730.660.800.911.091.101.141.191.221.261.291.35
321.69335.03417.99327.3867.55155.44349.17428.38381.59496.30801.20836.79860.28886.81910.06951.85
7.117.408.186.101.313.156.336.695.346.9310.8510.8510.8510.8510.8510.85
244.25257.62320.56254.5268.10125.06263.90314.63312.79419.08446.85478.61542.16603.94649.01757.44
-5.475.4724.43-20.60-73.2483.64111.0319.22-0.5933.986.637.1113.2811.397.4616.71
120.00125.00135.00140.00140.00150.00175.00120.0062.0064.0099.00118.80142.56–––
-2.444.178.003.70–7.1416.67-31.43-48.333.2354.6920.0020.00–––
0.800.790.780.780.773.103.083.032.982.892.892.892.892.892.892.89
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Denso generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Denso retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Denso's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Denso has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Denso's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Denso stock margins

The Denso margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Denso. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Denso.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
13.40 %
3.15 %
2.53 %
Jan 1, 2022
14.53 %
6.33 %
4.78 %
Jan 1, 2023
14.23 %
6.69 %
4.92 %
Jan 1, 2024
15.26 %
5.34 %
4.38 %
Jan 1, 2025
15.40 %
6.93 %
5.85 %
Jan 1, 2026 (e)
15.40 %
10.85 %
6.05 %
Jan 1, 2027 (e)
15.40 %
10.85 %
6.20 %
Jan 1, 2028 (e)
15.40 %
10.85 %
6.84 %

Denso Stock Revenue, EBIT, Earnings per Share

The Denso earnings per share therefore indicates how much revenue Denso has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
1,592.76 JPY
50.15 JPY
40.35 JPY
Jan 1, 2022
1,790.95 JPY
113.38 JPY
85.69 JPY
Jan 1, 2023
2,115.95 JPY
141.60 JPY
104.00 JPY
Jan 1, 2024
2,397.68 JPY
128.06 JPY
104.97 JPY
Jan 1, 2025
2,478.22 JPY
171.74 JPY
145.02 JPY
Jan 1, 2026 (e)
2,556.16 JPY
277.24 JPY
154.63 JPY
Jan 1, 2027 (e)
2,669.72 JPY
289.56 JPY
165.62 JPY
Jan 1, 2028 (e)
2,744.65 JPY
297.69 JPY
187.61 JPY

Denso business model & stock analysis

Denso Corp is a Japanese automotive and electronics company that was founded in 1949. It is headquartered in Kariya, Japan, and operates worldwide. The name "Denso" comes from the Japanese word "Denshi-Sangyo", which means "electronic industry" in English. In its early years, Denso mainly produced electrical devices, particularly electrical generators and starters, as well as electrical components for automobiles. Today, Denso is a leading manufacturer of advanced automotive components, including electronic controls, audio and navigation systems, air conditioning systems, diesel injection systems, brake and steering systems, electric motors, and many more. Denso also produces a wide range of non-automotive products such as household appliances, factory automation, and other electronic devices. In the 1960s, Denso expanded into the United States, and in the 1970s, it established further international locations, from Europe to Australia. In the 1980s, the company entered the Asian market and established a subsidiary in China. Since the late 1990s, the company has also increasingly focused on developing technologies for more environmentally friendly vehicles, particularly hybrid and electric cars. Denso's business model is based on the "One Denso" philosophy, which aims to ensure that all parts of the company work together to achieve its goals. The focus is on innovation, delivering high-quality products and services, and ensuring safety and environmental protection. With its mission of "Contributing to a better world by creating value together with a vision for the future", Denso recognizes that it needs collaborative partnerships with its customers to realize its goals. The company is divided into three main business areas: Automotive, Industrial Engineering, and Consumer Products. Each division offers independent products and solutions to meet specific needs. Denso's Automotive division is the largest and produces electronic control systems, air conditioning systems, as well as electrical products and systems for vehicles. The Industrial Engineering division manufactures industrial robots, cooling and air conditioning systems, and industrial automation technology. Consumer Products encompass electrical appliances, home robots, air conditioning, and energy-efficient heating systems. Denso is a pioneer in the field of electric and hybrid vehicle technology. The company was one of the first providers of lithium-ion batteries for hybrid and electric cars and has also developed special power modules for electric vehicles. Additionally, Denso has introduced a variety of other environmentally friendly technologies and products to the market, such as efficient air conditioning systems and energy-efficient heating. With its focus on innovation and quality, Denso is among the top 100 companies in terms of patent applications and granted patents. The company also operates a comprehensive research and development program, developing technologies for future cars and other industries. Overall, Denso is a successful company that not only develops advanced technologies for automobiles and other industries but also pursues a vision for a better world. With its more than 170,000 employees worldwide, the company strives to exceed customer expectations and environmental standards in every aspect.

Denso SWOT Analysis

Strengths

Denso Corp possesses several strengths that contribute to its position in the market:

  • 1. Technological Expertise: Denso Corp is globally renowned for its advanced technological capabilities and expertise in automotive components manufacturing.
  • 2. Strong Market Presence: The company has established a strong presence in various automotive markets worldwide, enjoying a significant market share.
  • 3. Extensive Product Portfolio: Denso offers a wide range of automotive components, including engine, electrical, and safety-related products, catering to diverse customer needs.
  • 4. Strong Research and Development: Denso places significant emphasis on research and development, leading to continuous innovation and product improvement.
  • 5. Strategic Partnerships: The company has formed strategic collaborations with other renowned automotive manufacturers, facilitating mutual growth and market expansion.

Weaknesses

Denso Corp also faces certain weaknesses that may hinder its growth and competitiveness:

  • 1. Dependency on a Single Industry: Denso primarily operates in the automotive sector, making it vulnerable to fluctuations and challenges specific to the industry.
  • 2. Limited Geographic Diversification: The majority of Denso's sales are concentrated in specific regions, increasing exposure to regional economic instability or market saturation.
  • 3. High Research and Development Costs: The continuous investment in research and development can be financially burdensome and impact the overall profitability of the company.
  • 4. Intense Competition: Denso operates in a highly competitive market, facing competition from both established players and emerging manufacturers.
  • 5. Dependence on Key Customers: A significant portion of Denso's revenue comes from a few major customers, increasing the risk associated with customer dependency.

Opportunities

Denso Corp can leverage various opportunities to enhance its position and growth prospects:

  • 1. Increasing Demand for Electric Vehicles: The global shift towards electric vehicles provides an opportunity for Denso to expand its product portfolio and cater to the growing market.
  • 2. Growing Autonomous Vehicle Market: With the rise of autonomous vehicles, Denso can develop advanced technologies and components to serve this emerging market.
  • 3. Exploration of New Markets: Denso can explore new geographic markets and expand its operations to reduce dependence on specific regions.
  • 4. Collaboration with Tech Companies: Partnering with technology companies can enable Denso to leverage their expertise in areas such as artificial intelligence and connectivity.
  • 5. Investment in Sustainable Solutions: The increasing emphasis on sustainability presents an opportunity for Denso to develop eco-friendly products and solutions.

Threats

Denso Corp should remain vigilant about potential threats that could impact its business:

  • 1. Economic Uncertainty: Global economic fluctuations and recessions can significantly impact consumer demand for automobiles, affecting Denso's sales and revenue.
  • 2. Trade Barriers: Trade barriers imposed by governments, such as tariffs and import/export restrictions, can disrupt Denso's supply chain and increase costs.
  • 3. Rapid Technological Changes: The automotive industry is characterized by rapid technological advancements, and Denso must actively adapt to new technologies to remain competitive.
  • 4. Increasing Competition from New Entrants: Emerging manufacturers and startups entering the automotive components market can pose a threat to Denso's market share.
  • 5. Regulatory Changes: Changes in government regulations regarding emissions, safety standards, or manufacturing practices can impact Denso's operations and require significant adjustments.

Denso Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Denso historical P/E ratio, EBIT multiple, and P/S ratio

Denso annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Denso shares outstanding

The number of shares of Denso was 2.89 B in 2025. This indicates how many shares Denso is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
3.10 B Stocks
Jan 1, 2022
3.08 B Stocks
Jan 1, 2023
3.03 B Stocks
Jan 1, 2024
2.98 B Stocks
Jan 1, 2025
2.89 B Stocks
Jan 1, 2026 (e)
2.89 B Stocks
Jan 1, 2027 (e)
2.89 B Stocks
Jan 1, 2028 (e)
2.89 B Stocks

Denso stock splits

In Denso's history, there have been no stock splits.

Denso Dividend History

38 years of dividend payments

YearAnnual DividendYoY ChangePayments
202632.00JPYYTD—1×
Mar 30, 202632.00JPY 0.0%1/1
202564.00JPY↑ 3.2%2×
Mar 28, 202532.00JPY 0.0%1/2
Sep 29, 202532.00JPY 0.0%2/2
202462.00JPY↓ 48.3%2×
2023120.00JPY↓ 31.4%2×
2022175.00JPY↑ 16.7%2×
2021150.00JPY↑ 7.1%2×
2020140.00JPY 0.0%2×
2019140.00JPY↑ 3.7%2×
2018135.00JPY↑ 8.0%2×
2017125.00JPY↑ 4.2%2×

Denso dividend history and estimates

In 2025, Denso paid a dividend amounting to 64.00 JPY. Dividend means that Denso distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
150.00 JPY
0.00 JPY
Jan 1, 2022
175.00 JPY
0.00 JPY
Jan 1, 2023
120.00 JPY
0.00 JPY
Jan 1, 2024
62.00 JPY
0.00 JPY
Jan 1, 2025
64.00 JPY
0.00 JPY
Jan 1, 2026
99.00 JPY
0.00 JPY
Jan 1, 2027 (e)
0.00 JPY
118.80 JPY
Jan 1, 2028 (e)
0.00 JPY
142.56 JPY

Denso dividend payout ratio

In 2025, Denso had a payout ratio of 44.13%. The payout ratio indicates the percentage of the company's profits that Denso distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
86.75 %
Jan 1, 2022
51.06 %
Jan 1, 2023
46.87 %
Jan 1, 2024
59.07 %
Jan 1, 2025
44.13 %
Jan 1, 2026 (e)
64.03 %
Jan 1, 2027 (e)
71.73 %
Jan 1, 2028 (e)
75.99 %

Current Denso forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.09 %
Buy
60.87 % (14)
Hold
39.13 % (9)
Sell
0.00 % (0)
12M Price Target
2,397.00
Last Price
1,924.00
Currency
JPY
12M Return Potential
24.58 %
LTM Return
0 %

Denso Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/26/202461.84JPY-1.88 TJPY-2024 Q4
2/1/202450.29JPY-1.81 TJPY-2024 Q3
7/27/2023160.92JPY-1.66 TJPY-2024 Q1
4/26/2023193.98JPY-1.74 TJPY-2023 Q4
1/31/2023157.37JPY-1.69 TJPY-2023 Q3
10/28/2022124.43JPY-1.54 TJPY-2023 Q2
7/29/2022101.79JPY-1.39 TJPY-2023 Q1
4/28/2022131.06JPY-1.46 TJPY-2022 Q4
2/2/2022128.37JPY-1.40 TJPY-2022 Q3
10/29/202162.91JPY-1.23 TJPY-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the Denso stock

85/100
99
Environment
88
Social
68
Governance
E

Environment

20
Scope 1 - Direct Emissions566,000
Scope 2 - Indirect emissions from purchased energy1,217,000
Scope 3 - Indirect emissions within the value chain33,021,000
Total CO₂ emissions1,783,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides—
Palm Oil
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees—
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Denso shareholder structure

% Name
3.56244%
Nomura Asset Management Co., Ltd.
Nomura Asset Management Co., Ltd.
2.03085%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.72312%
Amova Asset Management Co., Ltd.
Amova Asset Management Co., Ltd.
1.72212%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.60182%
Daiwa Asset Management Co., Ltd.
Daiwa Asset Management Co., Ltd.
0.97694%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
...

Denso Beneficial Ownership Filings (SEC 13D/G)

Free Float
76.1%
Float Shares
-
Shares Outstanding
-

Denso Executives and Management Board

18 members · avg. age 63 · 6 % women

SH

Mr. Shinnosuke Hayashi (60)

President, Chief Executive Officer, Representative Director · since 2015

133.00 M JPY

Management

YM

Mr. Yasushi Matsui (59)

Chief Financial Officer, Chief Compliance Officer, Chief Risk Officer, Vice President, Chief Director of Business Strategy, Representative Director · since 2014

–
YY

Mr. Yasuhiko Yamazaki (60)

Chief Human Resource Officer, Chief Information Officer, Chief Quality Officer, Vice President, Director of General Affairs and Human Resources, Representative Director · since 2014

–
YK

Mr. Yoshifumi Kato

Chief Technology Officer, Executive Officer, President of Subsidiary · since 2024

–
JE

Mr. Jiro Ebihara

Executive Officer, CMzO(Chief Monozukuri Officer), Manager of Production Innovation Center, Manager of Procurement Group · since 2024

–
HI

Mr. Hisashi Iida

Executive Officer, Director of Injection Equipment Business, Manager of Power Train Systems Group

–
YI

Mr. Yasuhiro Iida

Executive Officer, CEO of India Area, President of Subsidiary · since 2023

–

Board of Directors

KA

Mr. Koji Arima (66)

Chairman of the Board, Chairman of the board of Directors, Representative Director · since 2008

155.00 M JPY
AT

Mr. Akio Toyoda (68)

Director

–
SK

Mr. Shigeki Kushida (65)

Independent Director

–
YM

Ms. Yuko Mitsuya (65)

Independent Director

–
JS

Mr. Joseph Schmelzeis (61)

Independent Director

–
TA

Mr. Tadashi Arai

Director of Accounting · since 2024

–

Denso Supply Chain

Denso Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Toyota Motor
Supplier·Customer·Automobiles·JP
0.75
0.91
0.71
0.51
0.67
0.93
0.79
2
Lakshmi Machine Works
Supplier·IN
0.50
-0.57
0.37
0.45
0.56
0.93
—
3
NTT DATA
Supplier·Customer·IT Services·JP
0.59
0.22
-0.06
0.30
0.53
0.90
—
4
Toyota Industries
Supplier·Customer·Machinery·JP
0.70
0.77
0.94
0.84
0.42
0.88
0.16
5
Mitsubishi UFJ Financial Group
Supplier·Customer·Banks·JP
0.54
0.53
0.31
-0.50
0.08
0.86
0.09
#Nameβ 1YTrend
1
Aleris Corporation
Supplier·US
—
—
0.67
0.67
0.47
—
—
2
arara
Supplier·Customer·IT Services·JP
0.62
-0.08
-0.55
0.12
-0.44
—
—
3
Hangzhou Yitong New Materials A
Supplier·Metals & Mining·CN
0.61
0.73
0.57
0.59
0.53
—
—
4
Shenzhen Zhaowei Machinery & Electronic A
Supplier·Electrical Equipment·CN
0.47
0.83
0.62
0.75
0.36
—
—
5
Digital Media
Supplier·Semiconductors & Semiconductor Equipment·JP
0.47
-0.14
-0.37
0.01
-0.43
-0.90
—

Frequently asked questions about Denso

Denso Corp, a leading global automotive supplier, operates based on an innovative business model. Specializing in advanced automotive technology and systems, Denso fosters partnerships with automakers worldwide to provide cutting-edge components and solutions. As a driving force in the industry, Denso collaborates with its partners to develop sustainable mobility solutions, including electrified systems, autonomous driving technology, and connected vehicles. By focusing on the development of reliable and efficient automotive products, Denso aims to enhance safety, comfort, and environmental sustainability for drivers and passengers. With its commitment to technological advancements, Denso Corp continues to shape the future of the automotive industry.

Denso Corp is primarily active in the automotive industry.

The main competitors of Denso Corp in the market are Bosch, Continental, and Magna International.

Denso Corp, established in 1949, is a leading global automotive supplier based in Japan. With a rich history spanning over seven decades, Denso has evolved into a renowned player in the automotive industry. Originally a spinoff of Toyota Motors, Denso quickly expanded its operations, specializing in advanced automotive technologies. The company is known for its commitment to innovation and quality, providing a diverse range of products and systems including air conditioning systems, fuel injection systems, and electrical components. Denso Corp's dedication to sustainable mobility and eco-friendly solutions has positioned it as a key contributor to the automotive industry's technological advancements.

Denso Corp, a leading global automotive supplier, has achieved several significant milestones. Over the years, the company has continually expanded its product portfolio and technological advancements. Notably, Denso Corp successfully developed the world's first common rail system for diesel cars, revolutionizing fuel injection systems. It has also pioneered in developing leading-edge safety technologies like advanced driver-assistance systems (ADAS). Additionally, Denso Corp has been recognized for its contributions to reducing environmental impact through the development of eco-friendly products and initiatives. The company's commitment to innovation and quality has enabled it to become a trusted name in the automotive industry.

Denso Corp is primarily present in various countries and regions worldwide. The company has a strong global presence, with major operations in Japan, its home country. Additionally, Denso Corp has a significant presence in North America, particularly in the United States and Mexico. It also operates in Europe, with notable locations in Germany, the United Kingdom, and Italy. Denso Corp has further expanded its reach in Asia, including China, Thailand, India, and South Korea. With its diversified presence across these countries and regions, Denso Corp exhibits a widespread international footprint.

Denso Corp represents a strong commitment to innovation, quality, and sustainability. The company's corporate philosophy revolves around contributing to the betterment of society through its advanced automotive technology and components. Denso Corp believes in continuous improvement and aims to provide safe and reliable products to its customers globally. With a focus on environmental conservation, Denso Corp actively develops eco-friendly solutions and promotes responsible manufacturing practices. By prioritizing customer satisfaction and societal well-being, Denso Corp has established itself as a global leader in the automotive industry.

Analysts currently set an average price target of 2,444.60 JPY for the Denso stock (median: 2,397.00 JPY), implying +27.1 % versus the latest price. The consensus is based on 23 analyst ratings.

Denso Analyst Price Targets 2026

23 analysts currently rate the Denso stock: 13 recommend buying, 10 holding and 0 selling. For 2026, analysts expect Denso to generate revenue of 7.39 T JPY and earnings per share of 154.63 JPY.

Denso Analyst Price Targets 2026

Converted at the current exchange rate, the Denso share trades at 10.48 EUR (1,924.00 JPY).

The Denso share (6902.T) is listed on 5 stock exchanges, including: Frankfurt (DNO.F), München (DNO.MU), Düsseldorf (DNO.DU).

Denso Corp is a global player in the automotive industry and is one of the leading companies in the development and production of automotive parts and systems. The company's business model is focused on various sectors and offers a wide range of products and services. One of Denso Corp's main sectors is the development and production of electronic components and systems. These include sensors, control units, navigation systems, and multimedia components. These products are essential for modern vehicles and ensure improved driving safety, efficiency, and comfort. The second important sector of the company is the development and production of climate systems and cooling components. These include air conditioning systems, radiators, condensers, and electric fans. Denso Corp's products are installed in many vehicles worldwide, providing comfortable driving comfort and optimal temperature control. Another sector of Denso Corp is the development and production of powertrains and transmissions. These include transmissions, clutches, differential gears, and axles. These components are essential for the performance and handling of vehicles and are used by many well-known automotive manufacturers worldwide. In addition to the mentioned sectors, Denso Corp also offers other products and services, including batteries, spark plugs, light bulbs, fuel pumps, and thermal management systems. In addition, the company also offers services in the field of electronics and software development, making it an important partner for many automotive manufacturers in the development of modern vehicle concepts. Denso Corp places great emphasis on innovation and technological advancement. The company heavily invests in research and development, working closely with well-known universities and research institutions worldwide. The goal is to constantly develop new and innovative technologies and introduce them to the market. Denso Corp's business model also focuses on a strong international presence and a broad customer base. The company is represented in more than 30 countries worldwide and works closely with well-known automotive manufacturers. The close collaboration with these customers enables Denso Corp to offer products and services that are perfectly tailored to the individual requirements and desires of each customer. In summary, the business model of Denso Corp is focused on a wide range of products and services that target various sectors of the automotive industry. The company relies on innovation, technological advancement, and a strong international presence to offer its customers a comprehensive and tailored solution.

The expected revenue of Denso is 7.39 T JPY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Denso is 446.85 B JPY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Denso is currently 12.44. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Denso stock.

The price-to-sales ratio (P/S) of Denso is currently 0.75. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Denso stock.

The Eulerpool Quality Score for Denso is 6/10.

The ISIN of Denso is JP3551500006. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Denso is 858734. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Denso is 6902.T. The ticker symbol is used to trade Denso shares on the stock exchange.

Over the past 12 months, Denso paid a dividend of 64.00 JPY . This corresponds to a dividend yield of about 3.33 %. For the coming 12 months, Denso is expected to pay a dividend of 118.80 JPY.

The current dividend yield of Denso is 3.33 %.

Denso pays a dividend, distributed in the months of , , , .

Denso paid dividends every year for the past 37 years.

For the upcoming 12 months, dividends amounting to 118.80 JPY are expected. This corresponds to a dividend yield of 6.17 %.

Denso is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Denso from amounting to 32 JPY, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Denso distributed 48.75 JPY as dividends.

The dividends of Denso are distributed in JPY.

All fundamentals and in-depth analysis of Denso

Our stock analysis for Denso stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Denso. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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