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DENSO Corporation - translation to English

JAPANESE AUTOMOTIVE COMPONENTS MANUFACTURER

Denso Corporation; DENSO Corporation; DENSO; Nippondenso; Nippon Denso; Denso International America; Denso Wave; Nippon Denso Co.; Nippon Denso Co. Ltd.; NipponDenso

DENSO Corporation

n. DENSO Corporation, japanischer globaler Versorger von Automobiltechnologie System -und Zubehör

non-profit corporation

LEGAL ENTITY INCORPORATED FOR PURPOSES OTHER THAN GENERATING PROFITS

Non-profit corporation

Körperschaft ohne Gewinn, nicht auf Gewinn ausgerichte Körperschaft

public authority

TYPE OF NONPROFIT CORPORATION CHARTERED BY A U.S. STATE GOVERNMENT

Public Authority; Public authority; Public benefit nonprofit corporations; Government authorities; Public benefit nonprofit corporation; Public-benefit non-profit corporation

öffentliches Amt

Definition

non-profit corporation

n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. A non-profit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation. Upon dissolution of a nonprofit corporation its assets must be distributed to an organization existing for similar purposes under the "cy pres doctrine." In order for contributions to the corporation to be deductible as charitable gifts on federal income taxes, the corporation must submit a detailed application (with a substantial fee) for an Internal Revenue Service ruling that it is established for one of the specific nonprofit purposes spelled out in the Internal Revenue Code. Informational tax returns must be filed annually with the IRS and the state taxing body. In addition, the state Attorney General may have oversight powers to determine if the corporation is abiding by state laws by limiting its activities to its approved non-profit purposes and not milking the corporation for disguised profits. See also: charity corporation cy pres doctrine

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Wikipedia

Denso

DENSO Corporation (株式会社デンソー, Kabushiki-Gaisha Densō) is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan.

After becoming independent from Toyota Motor, the company was founded as Nippon Denso Co. Ltd. (日本電装株式会社, Nippon Densō Kabushiki-Gaisha) in 1949. About 25% of the company is owned by Toyota. Despite being a part of the Toyota Group of companies, as of the year ending March 2016, sales to the Toyota Group accounted for less than 50% of total revenue (44% of revenue originated from other car manufacturers in Japan, Germany, the U.S. and China). In 2016, Denso was the fourth largest auto parts supplier in the world.

In 2022, Denso was listed at #278 on the Fortune Global 500 list with a total revenue of $49.0 billion and 167,950 employees.

As of 2021, DENSO Corporation consisted of 200 consolidated subsidiaries (64 in Japan, 23 in North America, 32 in Europe, 74 in Asia, and seven in Oceania and other regions).

https://en.wikipedia.org/wiki/Denso