Fujitsu Ten’s three shareholders, Fujitsu Limited, Toyota and Denso, have unveiled a Basic Agreement to Change its Capital Structure.
Denso Corporation now has a majority stake in Fujitsu Ten, effective 1 November. As a result, Fujitsu Ten will change its name to Denso Ten.
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Denso has made Fujitsu Ten one of its group companies to enhance cooperation between the two companies in the development of in-vehicle ECUs, millimetre-wave radar sensors, advanced driver assistance/automated driving technologies and basic electronic technologies.
Changes in the stakes (capital structure):
- Denso Corporation: before change – 10%; after change – 51%
- Fujitsu Limited: before change – 55%; after change – 14%
- Toyota Motor Corporation: before change – 35%; after change – 35%
Profile of Denso Ten:
Name – Denso Ten Limited
Location – 2-28, Gosho-dori 1-chome, Hyogo-ku, Kobe, Hyogo, Japan
Representatives – chairman and representative director Takashi Shigematsu
president and representative director Satoshi Iwata
Establishment – October 1972
Capital – Approx. US$47m (JPY5.3bn)
Employees – 2,943 (10,238 on a consolidated basis) As of the end of March 2017
Main businesses – Development, manufacture, and sales of infotainment equipment and automotive electronics equipment
Sales – Approx. US$2.2bn (JPY248.8bn)
Approx. US$3.4bn (JPY383.6bn) on a consolidated basis
