FY2012 2Nd Quarter Financial Results Ended September 30, 2011

FY2012FY2012 22nd QuarterQuarter FinancialFinancial ResultsResults endedended SeptemberSeptember 30,30, 20112011

October 28, 2011

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. nd Overview of FY2012 2 Quarter Financial Results 01 / 25

１．１．SalesSales andand IncomeIncome decreaseddecreased fromfrom previousprevious yearyear

2.2. RevisionRevision ofof FY2012FY2012 forecastforecast

3.3. DividendsDividends increasedincreased forfor 11 yenyen toto 2323 yenyen forfor thethe firstfirst halfhalf periodperiod (46(46 yenyen forfor thethe year)year)

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. FY2012 2nd Quarter Financial Results 02 / 25 (Ratio to Sales) (Unit: Billions of Yen) FY2012 Forecast FY12FY12 2Q2Q YTDYTD FY11FY11 2Q2Q YTDYTD Change as of July. 30 Change

SalesSales 1,420.01,420.0 1,409.11,409.1 1,589.61,589.6 -180.4-180.4 -11.4%-11.4% OperatingOperating 10.010.0 31.9 124.3 -92.4 -74.4% IncomeIncome (0.7%) (2.3%) 31.9 (7.8%) 124.3 -92.4 -74.4% IncomeIncome beforebefore 15.015.0 39.3 138.0 -98.7 -71.5% IncomeIncome TaxesTaxes (1.1%) (2.8%) 39.3 (8.7%) 138.0 -98.7 -71.5%

9.0 NetNet IncomeIncome (0.6%) 9.0 (1.7%) 23.323.3 (5.9%) 93.793.7 -70.4-70.4 -75.2%-75.2%

(Unit: Millions of Units)

ForeignForeign JPYJPY 81/$81/$ JPYJPY 80/$80/$ JPYJPY 89/$89/$ -JPY-JPY 99 ExchangeExchange RateRate JPY116/EuroJPY116/Euro JPY114/EuroJPY114/Euro JPY114/EuroJPY114/Euro -JPY-JPY 00

DomesticDomestic CarCar 3.813.81 3.91 4.78 -0.87 -18.2% ProductionProduction 3.91 4.78 -0.87 -18.2% OverseasOverseas CarCar ProductionProduction ofof JapaneseJapanese 6.186.18 6.696.69 6.426.42 +0.27+0.27 +4.2%+4.2% ManufacturersManufacturers （1.54）（1.54）（（1.541.54））（（1.941.94））（（-0.40））（（-20.6%）） (North(North America)America) -0.40 -20.6%

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Change in 2nd Quarter Consolidated Sales 03 / 25 By Customer (Unit: Billions of Yen) OE Sales for others After-market, 650 627.8 ( ):Change from FY11 2Q New business&Others 602.3 166.2 600 OE 10.4% Sales Toyota for FY10 550 Others (＋1.0%) others 2Q YTD Group 500 627.8 1,589.6 795.6 221.1 223.3 39.6% 50.0% 450 Mitsubishi (＋8.5%) Maｚda (-15.2%) 400 21.6 Chrysler (＋2.2%) 29.8 23.4 350 25.1 25.3VW・AUDI (＋29.7%) After-market, 23.4 25.7 New business&Others Ford (＋13.7%) 300 29.0 30.3 169.8 41.3 33.0Suzuki (-10.3%) 12.0% 250 OE 33.9 37.1Hyundai/Kia (＋9.5%) Sales Toyota 200 for FY11 49.6 37.1 2Q YTD Group ＧＭ (-15.2%) others 150 42.1 43.4 1,409.1 637.0 Fiat (-1.0%) 602.3 100 42.9 45.2% 42.8% 109.6 50 82.1Honda (-25.2%) 0 FY11 '10/62Q YTD FY12 2Q YTD '11/6

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Change in 2nd Quarter Consolidated Sales 04 / 25

(Unit: Billions of Yen) By Business Segment ( ):Change from FY11 2Q 1,589.6 1,409.1 Others (＋6.3%) 41.4 Small Motors (-17.1%) 1,600 118.9 Electronic (-15.3%) 146.1 44.0 1,400 98.6 Electric (-5.9%) 136.4 123.7 1,200 Information 128.3 (-21.2%) 274.0 & Safety Systems 1,000 215.9

800 Powertrain 383.2 (-4.7%) 365.1 Control 600

400 489.6 433.5 Thermal (-11.5%) 200

0 FY11 '10/92Q YTD FY12 2Q YTD '11/9

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Change in 2nd Quarter Operating Income 05 / 25

(Unit: Billions of Yen) 124.3 -61.5

Production volume decrease

Operating Income -14.5

-8.2 Currency exchange -7.4 loss Labor -0.4 -0.2 -15.0 +6.7 31.9 cost Raw Expense Others +8.1 material cost Depreciation Temporary Variable Operating cost of cost earthquake reduction Income FY11 2Q YTD FY12 2Q YTD

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. 2nd Quarter Geographical Segments by Company Location 06 / 25 (Unit: Billions of Yen) ( ): Local Currency Base [ ]: Ratio to Sales 1,100700 1,080.7 60 57.8 [5.4%] Operating Sales -10.8% -97.1% 1,000600 50 Income 44.6 963.5 [13.9%] -41.1% 900 500 40 （-38.0%）

-6.6% 26.3 400 30 [8.8%] -20.7% （-2.1%）（-12.3%） 320.9 -38.7% 300 +2.6% 299.7 20 14.1 274.4 [5.1%] -50.3% （+3.5%）（-37.7%） 217.5 （-49.2%） 198.7 5.4 200 193.7 10 [2.8%] 4.0 1.7 3.3 2.0 [1.7%] [12.9%] -1.9％ [0.2%] [6.5%] （+0.7％） 100 0 31.0 30.4 -3.0 [△1.4%] 0 -10 FY11 FY12 FY11日本FY12 北米欧州豪亜その他 2Q YTD日本2Q YTD 北米欧州豪亜その他 2Q YTD 2Q YTD North Asia & North Asia & Europe Others Japan America Europe Oceania Others Japan America Oceania

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. FY2012 Financial Forecast 07 / 25 (Ratio to Sales) (Unit: Billions of Yen) FY2012 FY2012FY2012 Forecast FY2011FY2011 ChangeChange as of Aug.1 RevisedRevised

SalesSales 3,170.03,170.0 3,160.03,160.0 3,131.53,131.5 +28.5+28.5 +0.9%+0.9% OperatingOperating 135.0135.0 135.0 188.3 -53.3 -28.3% IncomeIncome (4.3%) (4.3%) 135.0 (6.0%) 188.3 -53.3 -28.3% IncomeIncome beforebefore 145.0145.0 145.0 211.7 -66.7 -31.5% IncomeIncome TaxesTaxes (4.6%) (4.6%) 145.0 (6.8%) 211.7 -66.7 -31.5%

98.0 NetNet IncomeIncome (3.1%) 98.0 (3.1%) 98.098.0 (4.6%) 143.0143.0 -45.1-45.1 -31.5%-31.5%

(Unit: Millions of Units)

ForeignForeign JPYJPY 81/$81/$ JPYJPY 79/$79/$ JPYJPY 86/$86/$ -JPY7-JPY7 ExchangeExchange RateRate JPY113/EuroJPY113/Euro JPY110/EuroJPY110/Euro JPY113/EuroJPY113/Euro -JPY3-JPY3

DomesticDomestic CarCar 9.259.25 9.35 8.99 +0.36 +4.0% ProductionProduction 9.35 8.99 +0.36 +4.0% OverseasOverseas CarCar ProductionProduction ofof JapaneseJapanese 14.2614.26 15.1915.19 13.4513.45 +1.74+1.74 +12.9%+12.9% ManufacturersManufacturers （3.94）（3.94）（（3.903.90））（（3.963.96））（（-0.06））（（-1.5%）） (North(North America)America) -0.06 -1.5%

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. ChangeChange inin FY2012FY2012 OperatingOperating IncomeIncome 08 / 25

(Unit: Billions of Yen) 188.3 -33.0

-16.0 Currency exchange -12.0 +6.6 135.0 loss Raw -5.0 +18.0 material -22.9 cost Labor Depreciation Expense +29.0 Operating cost Income -18.0 Variable cost Others reduction Operating Temporary Production Income cost of volume earthquake increase

FY11 FY12 F

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Geographical Segments by Company Location 09 / 25 (Unit: Billions of Yen) ( ): Local Currency Base [ ]: Ratio to Sales Operating 1,8002,200 2,190.0 90 83.0 2,112.9 Sales Income [12.7%] +3.6% 1,6002,000 80 -25.3% （-21.3%） 70 63.4 1,400 -13.2% 62.0 [3.0%] [9.5%] 55.0 1,200 60 [2.5%]

1,000 50 -0.1% -7.3% （+4.7%） -66.5% 40 800 （+0.7%） 652.5 （-63.2%） 536.0 +0.7% 652.0 25.4 600 （+3.9%） 30 497.0 [4.7%] -22.2% 404.0 （-19.6%） 401.3 -38.2% 400 -2.2％ 20 10.9 （-36.4%） 8.5 [2.7%] （+0.9％） 8.5 6.5 [1.7%] [2.1%] 200 60.3 10 [10.7%]4.0 59.0 [6.8%] 0 0 FY11日本 FY12F 北米欧州豪亜その他 FY11日本 FY12F 北米欧州豪亜その他 North Asia & North Asia & Japan America Europe Oceania Others Japan America Europe Oceania Others

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. TopicsTopics 10 / 25

Mid-termMid-term ProfitProfit RecoveryRecovery ActivitiesActivities

OurOur ApproachApproach forfor FutureFuture Growth:Growth: StrengthenStrengthen business,business, costcost andand managementmanagement

■ Technology innovations for fuel efficiency/CO2 reduction Business Business ■ Strengthening of regional competitiveness

Cost ■ Low-cost technology Cost ■ Value-added improvement

Management ■ Management to maximize group capability Management ■ Challenge mind-set

TechnologyTechnology InnovationsInnovations forfor FuelFuel Efficiency/CO2Efficiency/CO2 ReductionReduction

¾ Higher Output Internal Combustion Smaller Engine Fuel-efficient Compact Car - Gasoline Direct injection Example Smaller and Lighter Components - Common Rail System ¾ Stop / Start System Electrification - Improve Starter’s Starting Efficiency Hybrid and Durability Example Electric Vehicle ¾ Smaller and Lighter Hybrid Components - Improvement of smaller Inverter System Approach Example Fuel Saving through ¾ Energy Management Systems System Collaboration - Heat Energy and Electric Management

1.1. HigherHigher OutputOutput InternalInternal CombustionCombustion EngineEngine--GasolineGasoline Direct Direct injection injection - -

DENSO’s Direct Injection System (Third Generation) Mazda’s New- Generation Technology High-pressure Injector Generation Technology pump

fuel SKYACTIV-G DENSO’s Electric VCT consumption improvement New Direct Injection Engine VCT

DENSO’s AT module AT-ECU with sensors

Solenoid fuel SKYACTIV-Drive actuators consumption improvement New Transmission

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. MidMid--termterm ProfitProfit RecoveryRecovery ActivitiesActivities 14 / 25 Starters for Stop/Start System Sales Development Index: models Starters for Stop/Start System Sales Development Japanese auto manufacture Overseas auto manufacture ～2010 2011 2012 2013 2014

World’sWorld’s First First DAIHATSU e:S Jaguar XF Tandem ShortensShortens Solenoid waitingwaiting time time Starter whenwhen restarting restarting thethe engine engine

Other Starters

AdoptedAdopted byby 2323 customers,customers, 7070 modelsmodels

SmallerSmaller and and Lighter Lighter Hybrid Hybrid Components Components DCDC converter Battery monitor unit

Inverter

Energy saving air conditioning system Battery pack Currently Installed Currently Installed Cooling fan on 4 models: on 4 models: HV ECU LexusLexus LS,RX LS,RX ICE T/M Hino Dutro Main Charger Hino Dutro HV- battery (PHV) ToyotaToyota Camry Camry radiator ENG ECU TCU Sub battery Heat pump (12V)

E-compressor Motor generator Current sensor High voltage relay

Products highlighted in blue: under development Satisfy various system needs as a system supplier

EstablishmentEstablishment ofof LowLow-cost-cost TechnologyTechnology Idea of product development

ReviewReview of of all all processes processes from from the the design design to to production production EstablishmentEstablishment of of low-cost low-cost tec technologyhnology as as a a new new technical technical field field Activities for Cost-half product 1. Optimum 2. Optimum 3. Optimum 4. Promotion of function quality production localization - To narrow the - To loosen quality - Optimum design for - Local material, die and function and /performance local process mold, equipment performance through standard to meet - To utilize existing benchmark activities. market demand equipment

ImproveImprove profitabilityprofitability byby competitivecompetitive productproduct technologytechnology

CostCost-half-half ProductProduct (23(23 products)products) Business Groups Products Business Groups Products Power-train Fuel Injector Thermal Systems Passenger Vehicle Control Systems Business Group Air-conditioning System Business Group Ignition coil Compressors Oxygen Sensor Radiator Electronic throttle body sensor Electric Fan Electronic Systems Engine Electronic Fuel pump module Business Group Control Units VCT (Variable Cam Timing) ASMO Windshield Wiper System OCV(Oil flow control valve) Supply Pump Power Window Regulator Motor Electric Systems Alternators TOYOTA Air cleaners Business Group BOSHOKU Starters Oil Filter

Information & Instrument Clusters ANDEN Relays Safety Systems Business Group HAMANAKO Car Navigation System Horn DENSO Airbag Sensors & Electronic Control Units

LowLow-cost-cost ProductsProducts SalesSales DevelopmentDevelopment

２００９２０１０２０１１２０１２２０１３２０１４ 3Q 4Q1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q1Q 2Q3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q3Q 4Q CHINA

InstalledInstalled inin 1010 Models Models

just approaching

INDIA just sowing

just sowing ASEAN

just approaching

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. MidMid--termterm ProfitProfit RecoveryRecovery ActivitiesActivities 19 / 25 StrengtheningStrengthening ofof RegionalRegional CompetitivenessCompetitiveness (1)(1) Business Business expansion expansion in in emerging emerging country country Expansion of regional technical center Technical center in China China 25 manufacturing companies Location: Shanghai, China India Establishment: May 2010 5 manufacturing companies Total floor 4,700 m area: Employees: 360 (projected for 2015) Technical center in India Location: Gurgaon, India Technical center in Brazil Establishment: Late 2011 Location: Santa Bárbara d´Oeste City, Investment: Approximately 3 Brazil billion yen (on the site of DNBR’s new plant) Total floor 5,040 m2 Establishment: Early 2012 area: Investment: Approximately 4 billion yen Employees: Approximately 70 Total floor 8,000 square meters (projected for 2015) area: (when established)

Employees: Approximately 100 (projected for 2015)

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. MidMid--termterm ProfitProfit RecoveryRecovery ActivitiesActivities 20 / 25 ExpansionExpansion ofof IndonesiaIndonesia businessbusiness ASEAN Automotive Market DENSO Strategy in ASEAN (millions6.00 of units) Vehicle Sales Reconstruction supply system to demand expansion and localization in Indonesia, and promote sales expansion 4.00 4.00 Supply System: 3.19 1.36 Complement components to each other and 2.60 Others 1.08 Concentrate production in Thailand 2.00 0.91 1.15 0.98 Thailand 0.87 1.49 0.82 1.13 Indonesia Expand product item in Indonesia, increasing market 0.00 '10 '15 '20 →Thailand and Indonesia are two major production bases 6.00 (millions of units)Production Volume 1.02 5.78 Vietnam Others 4.00 0.91 4.56 ●DMVN 3.00 Thailand Philippine 0.76 ● 3.29 Thailand DNTH/PEM 2.49 ●SDM(SKD) ●PAC 2.00 1.73 Business Expansion 1.76 Indonesia Malaysia 0.8 1.16 ●DNMY - capacity Increase, 0.00 - additional components '10 '15 '20 localization -- Volume Volume Increase Increase in in Thailand Thailand and and Indonesia Indonesia - Domestic + Export will increase in Thailand ●DNIA - Domestic + Export will increase in Thailand ●AINE DomesticDomestic market market will will increase increase in in Indonesia Indonesia Indonesia

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. MidMid--termterm ProfitProfit RecoveryRecovery ActivitiesActivities 21 / 25 StrengtheningStrengthening ofof regionalregional competitivenesscompetitiveness (2)(2) “ “ Monozukuri Monozukuri ” ” in in Japan Japan Competitiveness to deliver advanced products globally - Develop high value-added products timely, and continue to provide them globally.

Competitiveness to resist imports pressure - Develop leading-edge production technologies, and introduce them into domestic operations

Continue research and development of advanced technologies in Japan Enhance competitiveness of whole supply chain

BuildBuild thetheoutstanding outstanding factoryfactory toto survivesurvive inin JapanJapan

OutstandingOutstanding ““Monozukuri”Monozukuri” ◇ Develop low-cost compact 1/N machines to enhance productivity Conventional Large-sized forging machine High building factory New Compact forging machine クレーン Ordinary factory 200200 ton ton 3030 ton ton 1.5m 3.5m Floor area：16m2 Floor area：100m2 Floor area 1/6 Investment 1/3 Production cost 30% cut

◇ Improve productivity of whole supply chain - Improve logistics of procurement and delivery - Introduce new technologies to suppliers

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. MidMid--termterm // LongLong--termterm BusinessBusiness PlanPlan 23 / 25 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 Philosophy DENSO Philosophy

Vision DENSO VISION 2015 2020 Long-term Plan

Mid/ Long-term 2010 Long-term plan Plan 2015 2020 3-year Mid-term Mid-term Plan Plan Plan

UnderUnder considerationconsideration ofof MidMid // LongLong –– term term planplan

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Sales Target Sales Target 24 / 25

Consolidated Sales

（Unit: Billions of Yen） Over 4,000 Emerging markets Fuel-efficient Compact Car

Sales expansion of current product 3,143 3,132 3,180 2,977

Current Business

FY09 FY10 FY11 FY12F FY14F FY15F

SalesSales targettarget byby FY2015FY2015 -- Over Over 4,0004,000 billionbillion yenyen

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. ReturnReturn toto ShareholdersShareholders 25 / 25

Dividends per Share

(Unit: Yen) 60 54

50 46 46 40 40 Annual Annual dividend dividend

30 27 24 23

20 Interim Interim dividend dividend 10 22 23

0 FY08 FY09 FY10 FY11 FY12E InterimInterim dividenddividend perper share:share: 2323 yenyen 4646 yenyen forfor thethe yearyear inin planplan

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. 2009. 6. 25 © DENSO CORPORATION All rights reserved. This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. AppendixAppendix

･ Non-Consolidated Financial Results

･ Pre-Conditions (Foreign Exchange Rate/Car Production) ･ Consolidated Sales by Customer ･ Consolidated Sales by Business Segment ･ Capital Expenditures, Depreciation and R&D

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Overview of FY2011 2nd Quarter Financial Results

Income Statements

(Ratio to Sales) (Unit:Billions of Yen,%) Change Change from FY10 FY2011 Forecast Account FY2011 2Q YTD FY2010 2Q YTD Amount PercentForecast as of Aug.1 Forecast as of Oct. 28 Amount Percent Net Sales ( 100.0 ) 886.0 ( 100.0 ) 997.5 -111.5 -11.2 ( 100.0 ) 1,990.0 ( 100.0 ) 2,020.0 74.3 3.8 Cost of Sales ( 93.7 ) 829.8 ( 89.0 ) 887.8 -57.9 SGA Expenses ( 6.7 ) 59.6 ( 6.8 ) 68.3 -8.7 Operating Income ( -0.4 ) -3.4 ( 4.2 ) 41.4 -44.8 - ( 1.3 ) 25.0 ( 1.4 ) 29.0 -6.8 -19.0 Non-Operating Income 40.7 36.7 4.0 50.0 54.0 -2.5 Extraordinary Income (Loss) -0.0 -0.0 0.0 -0.0 -0.0 0.0 Income Before Income Taxes ( 4.2 ) 37.3 ( 7.8 ) 78.1 -40.9 -52.3 ( 3.8 ) 75.0 ( 4.1 ) 83.0 -9.3 -10.1 Net Income ( 4.2 ) 37.2 ( 5.8 ) 57.8 -20.6 -35.7 ( 3.3 ) 66.0 ( 3.6 ) 72.0 -0.8 -1.1

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Pre-Conditions (Foreign Exchange Rate/Car Production)

FY2012 Full Year FY2012 First-Half FY2012 Second-Half

Forecast Forecast Forecast Forecast Revised Forecast Forecast Revised Prior Year Actual Change Prior Year Change Prior Year Change as of Apr.28 as of Aug.1 as of Apr.28 as of Aug.1 Estimate as of Apr.28 as of Aug.1 Estimate USD 89 81 81 80 - 9 83 80 80 77 - 6 86 81 81 79 - 7 Foreign Exchange Rate (Yen) EUR 114 116 116 114 - 0 112 110 110 105 - 7 113 113 113 110 - 3 Forex Impact on USD 3.0 - 2.9 2.7 - 0.3 Operating Income per Yen EUR 0.7 - 0.8 0.7 0 (Billions of Yen) Domestic Car Production of 4.78 - 3.81 3.91 - 18% 4.21 - 5.44 5.44 + 29% 8.99 - 9.25 9.35 + 4% Japanese North 1.94 - 1.54 1.54 - 21% 2.02 - 2.40 2.36 + 17% 3.96 - 3.94 3.90 - 2% Manufacturers Americ (Millions of Units) Overseas 6.42 - 6.18 6.69 + 4% 7.04 - 8.07 8.50 + 21% 13.45 - 14.26 15.19 + 13%

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Consolidated Sales by Customer

(Unit: Billion of Yen) FY2012 FY2011 Change ended Sept.30,2011 ended Sept.30,2010 Amount % to Total Amount % to Total Amount Percent Toyota 574.9 40.8 731.0 46.0 -156.1 -21.4 Daihatsu 40.8 2.9 45.5 2.8 -4.8 -10.5 Hino 21.3 1.5 19.1 1.2 2.3 11.9 Toyota Group 637.0 45.2 795.6 50.0 -158.6 -19.9 Honda 82.1 5.8 109.6 6.9 -27.6 -25.2 Suzuki 37.1 2.6 41.3 2.6 -4.2 -10.3 Fuji 22.0 1.6 29.8 1.9 -7.7 -26.0 Mazda 25.3 1.8 29.8 1.9 -4.5 -15.2 Mitsubishi 23.4 1.7 21.6 1.4 1.8 8.5 Isuzu 21.4 1.5 20.8 1.3 0.6 2.7 Nissan 15.9 1.1 14.7 0.9 1.2 7.9 ＧＭ 42.1 3.0 49.6 3.1 -7.5 -15.2 Ford 33.0 2.4 29.0 1.8 4.0 13.7 Chrysler 25.7 1.8 25.1 1.6 0.5 2.2 VW/AUDI 30.3 2.2 23.4 1.5 6.9 29.7 Benz 10.5 0.7 9.5 0.6 0.9 10.0 BMW 14.9 1.1 12.6 0.8 2.3 18.1 Fiat 42.9 3.0 43.4 2.7 -0.4 -1.0 PSA 8.2 0.6 7.9 0.5 0.3 3.9 Land Rover 7.4 0.6 8.9 0.6 -1.5 -16.7 Hyundai/Kia 37.1 2.6 33.9 2.1 3.2 9.5 OE Sales for others 123.1 8.7 116.9 7.4 6.2 5.3 OEM Total 1,239.4 88.0 1,423.4 89.6 -184.1 -12.9 After-market, 169.8 12.0 166.2 10.4 3.6 2.2 New business & Others Total 1,409.1 100.0 1,589.6 100.0 -180.4 -11.4

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Consolidated Sales by Business Segment

(Unit: Billion of Yen) FY2012 FY2011 Change ended Sept.30,2011 ended Sept.30,2010 Amount % to Total Amount % to Total Amount Percent Thermal 433.5 30.8 489.6 30.8 -56.1 -11.5 Powertrain Control 365.1 25.9 383.2 24.1 -18.1 -4.7 Information & Safety Systems 215.9 15.3 274.0 17.2 -58.1 -21.2 Electric 128.3 9.1 136.4 8.6 -8.1 -5.9 Electronic 123.7 8.8 146.1 9.2 -22.3 -15.3 Small Motors 98.6 7.0 118.9 7.5 -20.3 -17.1 Others(*1) 16.5 1.2 16.2 1.0 0.3 2.1 Automotive Total 1,381.6 98.1 1,564.3 98.4 -182.7 -11.7 Industrial & Consumer Product 22.8 1.6 20.7 1.3 2.1 10.2 Others(*2) 4.70.34.60.30.12.6 New Business Total 27.5 1.9 25.3 1.6 2.2 8.8 Total 1,409.1 100.0 1,589.6 100.0 -180.4 -11.4

This information is the exclusive property of DENSO CORPORATION. Without their consent, it may not be reproduced or given to third parties. Capital Expenditures, Depreciation and R&D

(Unit: Billion of Yen) 2Q YTD Progress FY12 FY11 Change to FY12 2QYTD 2QYTD Estimate from PY Estimate Japan 46.5 95.5 48.9 95.0 5.2% 51.5% North America 4.2 9.1 4.6 11.0 9.5% 41.8% Europe 4.7 12.1 8.8 19.0 87.2% 46.3% Asia & Oceania 11.1 22.8 19.9 45.0 79.3% 44.2% Others 3.3 5.5 3.4 7.0 3.0% 48.6% Capital Exp. 69.8 145.1 85.6 177.0 22.6% 48.4% Japan 65.7 142.2 61.1 132.0 -7.0% 46.3% North America 9.0 17.1 7.8 17.0 -13.3% 45.9% Europe 6.4 12.4 5.9 14.0 -7.8% 42.1% Asia & Oceania 10.0 19.4 9.6 21.0 -4.0% 45.7% Others 1.0 2.0 1.0 2.5 0.0% 40.0% Depreciation 92.1 193.1 85.4 186.5 -7.3% 45.8% R&D Expenditure 141.1 290.1 148.0 285.0 4.9% 51.9% (Ratio to Sales) (8.9%) (9.3%) (10.5%) (9.0%)

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