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Sanden : Financial Results of 2st Quarter
August 31, 2023 at 07:22 am
Financial Results of 2nd Quarter for the Year Ending December 31, 2023
August 2023
Sanden Corporation
© 2023 SANDEN CORPORATION
CONTENTS
Progress in Activities for Growth
Progress of the Business Revitalization Plan
Realization of a virtuous cycle for growth
Initiatives for the future
Financial Results of 2nd Quarter for the Year Ending December 31, 2023
Summary of consolidated financial results 16
Sales by region from the automotive systems business segment
Operating income( Year-on-year comparison)
Cash flows from operating activities ( Year-on-year comparison )
Consolidated balance sheet ( Year-on-year comparison ) 1. Points of the financial results
P.1
© 2023 SANDEN CORPORATION
Progress in Activities for Growth
1. Progress of the Business Revitalization Plan
The outline of the business revitalization plan
In May 2021, we are working on each measure for the business revitalization based on the business revitalization plan agreed by the financial institutions.
Business Revitalization Plan Period : Until March 31, 2026 (the end of the planned term of the business revitalization plan)
Management Plan Target Figures : Fiscal year ending March 31, 2026 Net sales: 170.5 billion yen Operating income: 10.2 billion yen
Measures for business restructuring
Drastic review of production system
"Enhancement of basic earning power
Growth by actively promoting
"collaborative creation"
Strengthen cash flow generation measures
Reform in system for implementation
P.2
© 2023 SANDEN CORPORATION
Progress in Activities for Growth
1. Progress of the Business Revitalization Plan
Plan is 12 months from April to March Actual is January to December
1,830
102
( 100 million yen )
Operating profit ( Plan)
1,756
84
1,705
1,626
1,654
1,590
Sales
1,471
51
1,437
~
~~~~ ~
~~
5
Plan Results
Plan Results
Plan Forecast
Plan
Plan
2021
2022
2023
2024
2025
-29
Operating profit ( Results)
-57
-57
-212
P.3
© 2023 SANDEN CORPORATION
2. Realization of a virtuous cycle for growth
Progress in Activities for Growth
※ Acquire new
Jan-Jun 2022
Jan-Jun 2023
commercial rights
91.0 billion yen
188 billion yen
Double
◆ Existing Customers : China area (local customers/global customers)
(Compared to the previous year)
◆ New Customers : Start-up EV Manufacturer & Leading Agricultural Equipment Manufacturer
◆ Main acquisition areas : China, Europe
◆ Main acquired products : Electric compressors, ECH, HVAC Mechanical compressors (share up), etc.
※ Total lifetime sales of commercial rights acquired in January-June Total lifetime sales from SOP per deal
R&D Expenses
2.6 billion yen
3.3billion yen
+27 % ( Compared to the previous year )
(Growth Investment Expenses)
3.3 billion yen
5billion yen
+52 % ( Compared to the previous year )
Purchase of property,
2.7billion yen
4.1billion yen
1.5 times ( Compared to the previous year )
plant and equipment
P.4
© 2023 SANDEN CORPORATION
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Disclaimer
Sanden Holdings Corp. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 31 August 2023 06:21:06 UTC .
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Sanden Corp is a Japan-based company mainly engaged in the manufacture and sale of automobile equipment and other products, and also develops related business activities such as logistics, research and other services. The Companyâs products include automobile air conditioning systems and compressors, automobile heat exchangers, residential heating, hot water supply, environmental equipment and electronic device systems. The Company also sells hot spring water and supplies hot springs, solar power generation and power sales, solicits insurance based on the Automobile Damage Compensation Guarantee Law, and manufactures and sells parts for refrigerating and refrigerating machines and temperature, humidity control devices.
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