Notice of Completion of Share Buyback | June 2026

Overview of Capital Policy

Denso's Board of Directors resolved to acquire treasury stock on April 28, 2026, and conducted a share buyback tender offer from April 30 to June 1. The purchase price was 1,696 Yen, with a total amount of approximately 3.136 trillion Yen. The maximum number of shares was 184,897,756, with 184,907,824 shares actually subscribed for, all of which were acquired. The buyback was conducted using an anti-dividend proportional method, with the acquisition period from April 30 to July 31.

Impact on Shareholders and Future Outlook

Through this share buyback, approximately 6.35% of the issued shares were acquired, aiming to improve capital efficiency and strengthen shareholder returns. Going forward, it is a policy to continue enhancing shareholder value as part of our capital policy. The changes in capital structure and shareholder composition after the completion are expected to be closely monitored.