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.
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
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By GlobalDataLocation – 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