# If Denso moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/denso · Facet: ripple · Updated: 2026-09-11T19:25:09.49825+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Denso is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 3 companies within two hops; the links are backed by 12 dated sources, 3 of them primary filings (as of 2026-09-11).

Denso operates across Nikkei 225, Auto parts, Toyota-group, SiC in-housing. It is -8.9% in 2026. The stock (-8.9%) and its demand side (avg -4.5%) are moving in step. Among connected nodes the furthest ahead is Mazda Motor (+1.8%) and the furthest behind is Toyota Motor Corporation (-10.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. To handle the shift to electrification it develops its own SiC power semiconductors, plans to invest 500 billion yen in chips by 2030, and is vertically integrating automotive-chip supply through equity stakes in TSMC's Kumamoto fab (JASM) and Coherent's SiC business.

## Demand chain (leading)
- T1 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T2 Mazda Motor (https://valuechain.wiki/mazda-motor.md)
- T1 O’Reilly Automotive (https://valuechain.wiki/o-reilly-automotive.md)

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Full node: https://valuechain.wiki/denso.md · JSON: https://valuechain.wiki/denso.json