Headquarters: 1-2-28 Gosho-dori, Hyogo-ku, Kobe City, Hyogo 652-8510 Phone: +81-78-671-5081

www.denso-ten.com

CORPORATE PROFILECARBONNEUTRALZERO
Produced in March 2024

VISION 2030
A mobility solutions provider that continues tojubilant mobility society in which everyone

e-Mobility

Sharing

Improved car
value

Improved lifestylevalue

Increase appeal of cars with peopleand earth-friendly products

Solve mobility challenges toenrich lives

ConnectedZERO

create value in mobility for the realization of aexperiences comfort and freedom

Mobilityimpairedpeople

HMICARBONNEUTRAL

Inbound

SIGHTSEEING BUS

Aging

A mobility solutions provider that continues to create value in mobility for the realization of a
jubilant mobility society in which everyone experiences comfort and freedom

Virtual world(Cyberspace)

Real world(Physical space)

MaaS

Medical treatment for remote areas
Mobile supermarket for large-scale mobility

Aging

Mobility-impaired people

Remote medical examination for thoseunable to get around by themselves

enabler

Experience sightseeing with VR

InboundExperience sightseeing in aself-driving car using VR

Shopping support for thoseliving in rural areas

Mobility support using small-scale e-Mobility

Sharing
Support for last one milemobility

SIGHTSEEING BUS

Business Outline
Our BusinessBusiness Outline

The DENSO TEN Group contributes to society in the areas ofenvironment and security through people- and environment-friendly
automotive electronics and services.

Our BusinessWe continue to pursue the realization of a carbon-neutral society to bring about a society
where everyone can enjoy safe and secure mobility without traffic accidents.

Relevant SDGs

Manufacturing

Environment

Mobility products

Energy use

Contributing to the realization ofcarbon neutrality by 2035
The DENSO TEN Group recognizes coexisting harmoniously with the environment and economy as a
crucial management issue. By aiming to solve environmental and energy problems and achievecoexistence with nature through all of our corporate behavior, we will promote better relationships
between people, cars, and the environment. In addition, in light of the acceleration of carbon neutral
initiatives around the world to move from low carbon to decarbonization, the Group will promote
initiatives in the three areas of manufacturing, mobility products, and energy use to contribute to ourgoal of realizing carbon neutrality in production activities by 2035.

Zero traffic accidents

Security

Comfortable spaces

Support for workers

Realizing comfortable and secure mobility
to enrich people’s lives
The DENSO TEN Group seeks to enrich people’s lives by realizing comfortable and secure mobility.
The Group will contribute to the realization of the three pillars of zero traffic accidents, comfortable
spaces, and support for workers set forth by the DENSO Group. We will do so under our commitment
to peace of mind by resolving the problems of fatal or serious traffic accidents and the mobility ofmobility-impaired people in an aging society with a declining birthrate.

Automotive Electronics
Business

Car Infotainment
Business
New Domains

Connected
Business0kmSTOP!

AI0506

Business Outline
Our Business

Car Infotainment
Business [In-vehicle multimedia devices]

Connected Business[In-vehicle communication equipment]

Taking on the growth areas of connected services and MaaS, we aim to realizea safe, secure and comfortable mobility society through connected functional
products (incorporating advanced information processing using IT/IoTtechnology).

We aim to contribute to maximizing driver safety and comfort based on
people-friendly information systems, including in-vehicle multimedia systems
and display audio systems.

Emergency Call Service for Policyholders (communication-type drive recorders and cloud services)

Display Audio

Using the technology from our drive recorders, which we have beenworking on since 2005, telematics services for company cars, and cab
dispatch systems, we provide an eCall System (communication-typedrive recorders and cloud services) for insurance companies toprovide emergency call services to their policyholders.

Linking a smartphone allows the user to perform operations
such as music playback and sending and receiving messages
on the large, high-definition screen using the apps they are
fa m i l i a r w i t h . F u r t h e r m o r e , s o f t w a r e u p d a t e s o c c u r
automatically and wirelessly to keep the system up to date interms of usability and security.

Accident support by
insurance company

Cloud

Data saved to cloud

Accident response / SOS functionality

Advice for what to do at accident site

Daily safe driving
support and diagnostics

Daily driving alerts

Drive recorder automatically sends images, audio, and location information③Accident call center

STOP!

Safe driving support function①Collision detection②Automatic accident reporting to accident call center

0kmHELP

Safe driving diagnostic function
SOS dialog withcall center

Reflection on daily driving throughcreation of driving diagnostic reports

TOPICS"Offseg", a safe driving management telematics service
for companies using a communication-type drive recorderThis service concept was born from the idea of "preventing" 'troubles,''accidents,' and 'waste' associated with company-owned vehicles.Its services
support accident prevention and efficient fleet management.Vehicle
management staff can manage a vast amount of information through auser-friendly dashboard that provides at-a-glance notifications such ascompany vehicle accidents, drive recorder malfunctions, and near-miss events.

Cloud-based Dispatch System for Taxis

Next-Generation Sound System

Home Audio

Vehicle location information and other data obtained via GPS are
centrally managed at the cloud center using the tablet’ s LTE connection.
When accepting a dispatch, the system quickly and automaticallysearches for the most suitable vehicle for the customer and sends thedispatch instructions to the tablet. This helps make dispatching fasterand improve customer service. Moreover, the use of cloud computing
eliminates the need for dedicatedservers or apps, allowing thesystem to be built withDENSO TEN Cloud Center
minimal setup costs.

We developed a high-resolution sound system consisting of an 8-channel
full digital Class D amplifier and 10 speakers equipped with ourproprietary digital signal processing technology in the aim of providing
awe and inspiration to all people at all times. By correcting noise specificto car interiors for better sound, the system reproduces a sound space
similar to that of a listening room.to be built with minimal setup costs.

Our home audio systems have been used by various artists inmusic production for their accurate reproduction of sound andhave received high marks from audio magazines in Japan andother countries. The know-how and technology we havecultivated in home audio are also utilized in our in-vehicle soundsystem development.

- Dispatch app- Customer data

Company A

Pleasant sound space
like a listening room- Map databaseInternet connection

TabletHigh-quality sound field not
typically found in carsCompany B

Correct noise

Create better soundCompany C

TD508MK4
Taxi

07

Taxi

Taxi

*Our next-generation sound system for automobile
manufacturers is certified as “Hi-Res Audio” by theJapan Audio Society.

08Business Outline
Our Business

Automotive Electronics
Business [In-vehicle electronics]

New Domains

DENSO TEN aims to contribute to the realization of carbon neutrality and safe
and secure transportation by providing core products (ECU) that utilize control
system technology for next-generation vehicles that are increasingly goingelectric and autonomous.

We will open up various possibilities not only through the high quality of eachproduct but by combining the know-how we have cultivated over many years ineach business domain with the latest technology. That is what makes DENSO
TEN products and services so appealing. We have also begun to cultivate new
business domains, starting with the MaaS, which is attracting attention within
the automotive industry.

Electric Vehicle ECU

Edge AI

Efficient control and utilization of energy helps improve the utility ofelectric vehicles. Electric vehicle ECUs provide integrated control forthe safest and most efficient vehicle operation under various driving
conditions.

Integrated charging ECU(mounted on ESU*)

Electric Vehicle ECUAI

We are developing lightweight, high-performance edge AI
algorithms that can be processed in real time by low-power,
low-cost AI chips installed in in-vehicle devices such as drive
recorders.

Charging
equipment

ESU*
Battery packBattery monitoring ECUCharging andCommunication ECU*ESU: Electricity supply unit; a device with both charging and power distribution functions forelectric vehicles (made by DENSO)

Battery Monitoring ECUCharging and Communication ECU

Integrated Charging ECUBattery monitoring ECUs are used to monitor
the status of batteries, including estimating
remaining battery capacity and detecting
abnormalities to ensure safe and effective
u s e o f h i g h - e f fi c i e n c y, e n e r g y - d e n s elithium-ion batteries. Accurately tracking thestatus of the vehicle in detail makes it
possible to maximize energy use.

This is an ECU that communicates withcharging stations with standards that vary bycountry. The high level of security againsthacking from the charging inlet ensures usersafety. We are also developing products thatare compatible with various charging stations
around the world.

This ECU communicates with charging
stations via the charging communication ECU
to control optimal charging according to theremaining battery level. Supporting bothnormal and fast charging, it helps increaseuser convenience. Moreover, miniaturizationof the ECU also contributes to the reductionof vehicle weight.

09

Integrated Vehicle Control Electronics for
Ultra-Compact EVs

Migration improvement services to encourage
movement and consumption in the city

This single ECU controls the vehicle’ s power supply, drive power, andbody. Not only does it help reduce size and weight compared to theconventional combination of individual ECUs but it also contributes tolower system costs.

We have developed an app/service that allows users to obtain discountcoupons by exploring the city.In cooperation with local governments, weconduct demonstration experiment for citizens.We aim to realize services
that promote the flow of people (migration) by increasing the added
value of moving around, and that lead to the revitalization of the city.

10Company Information
Our Initiatives

Company Information
Our Initiatives

Corporate Philosophy

Sustainability Management
The DENSO TEN Group is pursuing sustainability
management that aims to improve corporate value bycontributing to the solution of social problems while
growing our business. Sustainability management is thevery practice of our corporate philosophy, which states,“We will work with the utmost sincerity to support ourcustomers and contribute to society. “ Through ourbusiness activities, we will continue in our aim to be acompany that is trusted by society by contributing to thesolution of social problems.

“Sincerity is the way of Heaven.”
We will work with the utmost sincerity to support ourcustomers and contribute to society.

•Acceptance of Diversity

Customer Focus, Highest Possible Quality
We always think first how to best serve our customers, to create
products of the highest quality that exceed our customers’ expectations.

• Coexisting Harmoniously with Society

Recognizing we are a part of society, we shall fulfill our social
responsibilities and contribute to our society through our corporate activities.

• Work Values

Each and everyone shall take pride in their work,and utilize their own abilities to share our achievements.

The Origin of DENSO TEN
The origin of DENSO TEN can be traced back about 100 years.
Kawanishi Machine Works was established in 1920 centered on thetextile machinery and aircraft business. At the time, the Company
was attempting to domesticate production of vacuum tubes andcommunication equipment related to the aircraft business, and in
1946, it established the trademark “TEN” for vacuum tubes.
What are vacuum tubes?
Vacuum tubes are electronic components for amplifying voltage andcurrent. They were put to practical use in the early 20th century intelevision and radio receivers. These electronic components wereused widely until around the 1960s when semiconductors such as
diodes and transistors came onto the scene.

11The “TEN” in our company name DENSO TEN means “heavenly,” in thesense of “ultimate” or “supreme.” We have always followed the ideal that“sincerity is the way to heaven,” as stated in the classic Confucian text,
The Doctrine of the Mean.

We believe that the acceptance and utilization of diversity
by all our employees will lead to the development ofindividuals and enhancement of the competency andgrowth of our company. Based on this belief, we areworking to develop a corporate culture that respects
diversity, promote work-life balance, and support theindependence and success of individuals.

Work Style Reform
Through work style reforms, our company aims to enrich
the work and life of each and every employee, achievesustainable growth, and contribute to society. We will use
the time created through flexible working styles andimproved productivity for self-investment and newchallenges and create new value through a virtuous cyclethat leads to the growth of individuals and organizations.

12Company Information
Our Initiatives

Product Development/Security/Evaluation

Character Development

We focus on developing products that are always one step ahead of the times.

We aim to create workplaces where the human rights of each employee are respected and they can go about their workwith pride and a sense of fulfillment while reaching their potential. We also strive to maintain and improve safety andhealth in our working environments, providing working conditions that are fair to all employees.

Development

SecurityEvaluation

We engage in the planning and development ofsystems (services and on-board devices) thathave global applications, such as software
technologies to build next-generation vehicle
platforms. In audio system development, we aredeveloping technologies to provide a
comfortable sound space like that of a listening
room within the harsh environment of a carinterior based on our extensive experience in all
things car sound-related and our state-of-the-art
technology.

With the increase in onboard IoT products,
product security measures are needed toprevent damage from information leaks, data
falsification, and attacks aimed at causing
malfunctions. To give customers peace of mind
while using our products, we are working toensure product security by equipping them withtechnology (such as encryption) to protect themfrom cyberattacks, as well as by developing
internal systems and rules and carrying out
employee education.

Our EMC evaluation facility has obtained fromA2LA *1 Asia’ s first ISO/IEC 17025 *2 testinglaboratory certification (for the automotive EMC
field) to evaluate and study electromagneticwaves that affect electronic products. We arealso individually certified by each automobile
manufacturer and seek to provide safe andsecure products with better performance,
obtaining regulatory certification and supporting
EMC testing according to international andautomobile manufacturer standards.

Human Resources Development
With a slogan of “developing people who will continue to improve themselves and to guide andnurture others,” we operate a variety of education and training programs based on the belief thateach person must develop their own abilities. As a part of our efforts to enhance level-specifictraining programs and engage in training-centered management, we are focusing on more practicalhuman resources development, such as having the President and other executive officers act as
instructors and conduct employee education themselves.

Health and Productivity Management
Considering the promotion of employee health a management issue, we are working to enhance measures for both physicaland mental health to raise employee awareness of health and promote related activities in the workplace.

Health andProductivity Enterprise (White 500) Certification*1. A2LA: The American Association for Laboratory Accreditation*2. ISO/IEC 17025: An international standard stipulating the general requirements for testing and calibration capabilities

We have been certified as a “White 500” company, which is for the top
500 companies in the large enterprise category, under the 2024 Health &Productivity Management Outstanding Organization Program of theMinistry of Economy, Trade and Industry and Nippon Kenko Kaigi (JapanHealth Council) for six consecutive years.

Manufacturing
DENSO TEN’ s production network extends around the globe. We have built a production system to precisely meet theneeds of our customers.

ProductionQuality

We have established a global production system
to deliver to expanding automobile markets
around the world. Notably, two plants in Japan,
the Nakatsugawa Plant and the Oyama Plant, arepositioned as mother plants within the Group.
These plants develop cutting-edge production
technologies, which are then deployed to plants
outside Japan, strengthening our international
competitiveness through manufacturing capabilities.

In order to provide products to our customers
that they can trust and are satisfactory tothem, we have developed a global quality
assurance system based on the international
standard for quality management systems
a n d i m p l e m e n t e d a c yc l e d e s i g n e d t o
promote product quality at domestic andoverseas bases. In terms of international
quality management systems, we haveo b t a i n e d a n d o p e ra t e u n d e r I S O 9 0 0 1
certification as well as IATF 16949, thestandard for the automotive industry.
Through such efforts, we ensure productsafety and quality at each stage from productplanning to mass production based on theDENSO TEN Group Product Safety Charter.

°Priority health measures
Improving
individual healthawarenessWe promote activities with a focus on improving
health literacy (health awareness) and preventing
disease, such as by holding various seminars,
disseminating health information, and providing
health guidance during health checkups.

Revitalizing
health-centeredworkplaces

We hold the “Iki Iki Health Challenge,” a company-wide
event in which employees select and take on achallenge to improve their daily habits.

Creating more
comfortable working
environments
company-wide

We strive to create energetic working environments
where diverse human resources shine through theintroduction of systems that make it easier for all
employees to work regardless of age, gender, or
nationality and measures for work style reform.

Headquarters: 1-2-28 Gosho-dori,Hyogo-ku, Kobe City, Hyogo 652-8510

www.denso-ten.com

Questions/
Comments Concerning
DENSO TEN

13JapanesewebsiteCareers

Sustainability
Report14