TOKYO, Mar 31 (Pulse News Wire) – Morpho,inc. (3653.T) announced today that its capital business alliance with Denso Corporation would end upon the expiration of their technology collaboration agreement.
The two companies had established the alliance in December 2015 to jointly develop advanced driving assistance technologies based on image processing and deep learning techniques. They successfully achieved their initial goals, leading to the decision not to renew the contract beyond its term. As part of the dissolution process, Denso intends to sell its holdings of Morpho's ordinary shares totaling 117,000 (representing 2.23% of the outstanding share count excluding treasury stock). To mitigate potential market impact and enhance capital efficiency, Morpho plans to acquire these shares through the ToSTNeT-3 system as self-owned shares.
Detailed information on this transaction will be available in the separate notice released today concerning the acquisition of own shares via ToSTNeT-3. Denso Corporation, headquartered in Aichi, Kariya Shi Shouwamachi1, was founded in December 1949 and specializes in automotive parts research, development, manufacturing, and sales. As of March 31, 2025, Denso held 117,000 of Morpho’s ordinary shares, representing 2.23% of the outstanding share count excluding treasury stock. Denso reported consolidated revenues of ¥7.162 billion and net profit of ¥419.081 million for the fiscal year ending March 2025.
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