Denso (6902.T) Stock Price

Denso Price

JPX·CLOSED
1,977.00JPY-16.00 (-0.81 %)
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 3.24%. 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 21.2% above where the stock trades today. Of 23 analysts, 14 rate the stock a buy — an overall Buy consensus. The stock trades about 9% 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
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
8/8/20252,104.50 JPY
8/7/20252,048.50 JPY
8/6/20252,083.50 JPY
8/5/20252,084.50 JPY
8/4/20252,083.00 JPY
8/1/20252,090.00 JPY
7/31/20252,056.00 JPY
7/30/20252,067.00 JPY
7/29/20252,067.50 JPY
7/28/20252,088.00 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, 2021
4.94 T JPY
155.44 B JPY
125.06 B JPY
Jan 1, 2022
5.52 T JPY
349.17 B JPY
263.90 B JPY
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
0.00 JPY
484.16 B JPY
Jan 1, 2027 (e)
7.59 T JPY
0.00 JPY
572.79 B JPY
Jan 1, 2028 (e)
7.81 T JPY
0.00 JPY
628.20 B JPY

Denso Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 25, 2026, 7:19 PM
 
REVENUET JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMET JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESB
20132014201520162017201820192020202120222023202420252026e2027e2028e
3.584.104.314.524.535.115.365.154.945.526.407.147.167.397.597.81
13.5114.385.224.980.0612.844.98-3.90-4.2111.7216.0611.610.243.202.653.00
16.0118.4117.5817.1816.7316.7115.4914.1613.4014.5314.2315.2615.4015.4015.4015.40
0.570.750.760.780.760.850.830.730.660.800.911.091.101.141.171.20
262.38377.70335.95321.69335.03417.99327.3867.55155.44349.17428.38381.59496.30–––
7.339.227.807.117.408.186.101.313.156.336.695.346.93–––
181.68287.39258.38244.25257.62320.56254.5268.10125.06263.90314.63312.79419.08484.16572.79628.20
103.4658.18-10.09-5.475.4724.43-20.60-73.2483.64111.0319.22-0.5933.9815.5318.319.67
84.00105.00123.00120.00125.00135.00140.00140.00150.00175.00120.0062.0064.0099.00118.80142.56
68.0025.0017.14-2.444.178.003.70–7.1416.67-31.43-48.333.2354.6920.0020.00
0.800.800.800.800.790.780.780.773.103.083.032.982.892.892.892.89
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 %
0.00 %
6.55 %
Jan 1, 2027 (e)
15.40 %
0.00 %
7.55 %
Jan 1, 2028 (e)
15.40 %
0.00 %
8.04 %

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)
2,557.56 JPY
0.00 JPY
167.54 JPY
Jan 1, 2027 (e)
2,625.44 JPY
0.00 JPY
198.21 JPY
Jan 1, 2028 (e)
2,704.08 JPY
0.00 JPY
217.38 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

ⓘ

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)
59.09 %
Jan 1, 2027 (e)
59.94 %
Jan 1, 2028 (e)
65.58 %

Current Denso forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.09 %
Buy60.87 % (14)
Hold39.13 % (9)
Sell0.00 % (0)
12M Price Target
2,397.00
Last Price
1,977.00
Currency
JPY
12M Return Potential
21.24 %
LTM Return
0 %

Denso Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/26/202461.84JPY1.88 TJPY2024 Q4
2/1/202450.29JPY1.81 TJPY2024 Q3
7/27/2023160.92JPY1.66 TJPY2024 Q1
4/26/2023193.98JPY1.74 TJPY2023 Q4
1/31/2023157.37JPY1.69 TJPY2023 Q3
10/28/2022124.43JPY1.54 TJPY2023 Q2
7/29/2022101.79JPY1.39 TJPY2023 Q1
4/28/2022131.06JPY1.46 TJPY2022 Q4
2/2/2022128.37JPY1.40 TJPY2022 Q3
10/29/202162.91JPY1.23 TJPY2022 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
20.72494%
Toyota Motor Corp
Toyota Motor Corp
6.39810%
Toyota Industries Corp
Toyota Industries Corp
4.61039%
Toyota Fudosan Co., Ltd.
Toyota Fudosan Co., Ltd.
3.56244%
Nomura Asset Management Co., Ltd.
Nomura Asset Management Co., Ltd.
2.99853%
Nippon Life Insurance Company
Nippon Life Insurance Company
2.03085%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
...

Denso Executives and Management Board

KA

Mr. Koji Arima

(66)

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

Compensation155.00 M JPY
SH

Mr. Shinnosuke Hayashi

(60)

President, Chief Executive Officer, Representative Director · since 2015

Compensation133.00 M JPY
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

Denso Supply Chain

Denso Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
Toyota Motor
Supplier
0.91
0.71
0.51
0.67
0.93
2
Lakshmi Machine Works
Supplier
-0.57
0.37
0.45
0.56
0.93
3
NTT DATA
Supplier
0.22
-0.06
0.30
0.53
0.90
4
Toyota Industries
Supplier
0.77
0.94
0.84
0.42
0.88
5
Mitsubishi UFJ Financial Group
Supplier
0.53
0.31
-0.50
0.08
0.86
#Name1M3M6M1Y2YTrend
1
Aleris Corporation
Supplier
—
0.67
0.67
0.47
—
2
arara
Supplier
-0.08
-0.55
0.12
-0.44
—
3
Hangzhou Yitong New Materials A
Supplier
0.73
0.57
0.59
0.53
—
4
Shenzhen Zhaowei Machinery & Electronic A
Supplier
0.83
0.62
0.75
0.36
—
5
Digital Media
Supplier
-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.

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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