DENSO to Issue Additional Stock Options

TOKYO, April 27 -- DENSO Corporation announced today that its Board of Directors has decided to issue stock options for its directors, managing officers and employees in Japan, after it acquires approval from shareholders at the 81st Annual General Meeting of Shareholders on June 24.

Up to 1,300,000 stocks and up to 13,000 stock acquisition rights will be valid for this stock option program. The exercise period will be from July 1, 2006 to June 30, 2010.

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 95,000 people in 31 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2004 totaled US$24.2 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to www.globaldenso.com .

In the Americas, DENSO employs 14,000 people with consolidated sales for the above fiscal year totaling US$5.3 billion. Southfield, Mich.-based DENSO International America, Inc. serves as DENSO's North American headquarters. For more information, go to www.densocorp-na.com .

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