Denso Corporation
Denso was established in 1949 as Nippon Denso, a spin-off of the electrical-parts division of Toyota Motor. Toyota retains about a 24% stake; Denso is the largest of the keiretsu suppliers around Toyota and the world's second-largest automotive supplier overall.
Denso's Q1 2026 delivered $11.6B in revenue — up 3.8% versus the same quarter a year ago. Net margin held at 8.6%. Shares currently trade at a trailing P/E of 11.5, EV/EBITDA of 5.4 and a 3.8% dividend yield. Analyst consensus leans buy (2.19/5).
Denso was established in 1949 as Nippon Denso, a spin-off of the electrical-parts division of Toyota Motor. Toyota retains about a 24% stake; Denso is the largest of the keiretsu suppliers around Toyota and the world's second-largest automotive supplier overall.