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 Q2 2026 delivered $11.7B in revenue — up 9.1% versus the same quarter a year ago. Net margin held at 3.5%. Shares currently trade at a trailing P/E of 11.7, EV/EBITDA of 5.2 and a 4.0% dividend yield. Analyst consensus leans hold (2.61/5).
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.