Denso continues to invest in R&D and capital expenditures

Denso continues to invest resources in technology research and development and business development. R&D expenditures accounted for 640 billion yen in the third quarter of fiscal 2025, up from 7.7% in the same period of fiscal 2023 to 9.0% of revenue. At the same time, capital expenditures also remained at a high level, mainly used for upgrading production facilities, developing new technologies, and market expansion.