Denso finishes share repurchase program, spending nearly ¥450 bn

Denso Corporation confirmed on October 28, 2025, the completion of its treasury stock acquisition program. This program was originally resolved by the board of directors on October 31, 2024.

The company repurchased a total of 14,603,200 common shares between October 1, 2025, and October 27, 2025, at a cumulative cost of JPY 32,418,583,500. This concludes the program ahead of its initially planned end date of October 27, 2025.

The program was established under Article 165, Paragraph (3) of the Companies Act of Japan. It authorized the repurchase of up to 280,000,000 common shares, representing 9.62% of outstanding shares (excluding treasury stock). The total authorized cost for these repurchases was capped at JPY 450,000 million.

Cumulatively, as of October 27, 2025, Denso had repurchased 221,716,900 shares under this resolution, at an aggregate cost of JPY 449,999,924,450.