Tokyo - DENSO Corporation announced the outcome of the repurchase of its own shares in conformity with the Provisions of Article 210 of the Commercial Code.

Descriptions

• Period of repurchase: From to Dec. 2, 2003 to Dec. 22, 2003
• Aggregate number of shares repurchased: 3,780,000 shares
• Aggregate purchase amount: 7,783 million yen
• Method of repurchase: Repurchased at Tokyo Stock Exchange

Reference:

1. Decision to repurchase its own shares, made at the 80th Annual General Meeting of Shareholders on June 27, 2003, included the following:
   • Type of shares: Common stock of the Company
   • Aggregate number of shares to be repurchased: Up to 20 million shares
   • Aggregate purchase amount: Up to 40 billion yen
2. Cumulative total number of shares repurchased from the 80th Annual General Meeting of Shareholders (June 27, 2003) through Dec. 22, 2003:
   • Aggregate number of shares repurchased: 3,780,000 shares
   • Aggregate purchase amount: 7,783 million yen

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world‘s major carmakers. Worldwide, the company employs 90,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2003 totaled US$19.4 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.globaldenso.com