TD Mobile, in which DENSO and Toyota Tsusho have invested, announcing transfer of cell phone sales and agency business to newly established subsidiary of ranet

KARIYA, Japan (July 10, 2023) DENSO Corporation and Toyota Tsusho Corporation (Toyota Tsusho) today announced that TD Mobile Corporation (TD Mobile), which is a joint venture of DENSO and Toyota Tsusho has concluded a company split agreement with a newly established subsidiary (the new subsidiary) of ranet Co.,Ltd. (ranet) in relation to its cell phone sales and agency business (excluding some sales stores). TD Mobile will transfer the above business to the new subsidiary as a result of the company split.