12 May 2023

News release

Company name

Sanden Corporation

Representative

Representative Director

Dan Zhu

& President

(Securities code: 6444 TSE Prime Market)

Inquiries

Division General Manager of

Junya

Corporate Financial

Takahashi

Management Division

TEL（03）5828-5582

Notice of Recognition of Non-operating Income

As the end of CY2023 First Quarter, Sanden Corporation (hereinafter referred to as the "Company") announces that non-operating income has been recognized as below.

1. As for Recognition of Non-operating Income

１) Recognition of Non-operating Income (Equity in net income of affiliates)

Till the end of CY2023 First Quarter, Equity in net income of affiliates of JPY 1,615 million have been recorded as non-operating income. This is mainly related to our equity-method affiliate, SANDEN HASCO AUTOMOTIVE AIR-CONDITIONING CO.,LTD.

2. Impact on the Performance of Company

Non-operating Income above is reflected in "Summary of Quarterly Consolidated Financial Statement as of March 31, 2023" released today.

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Disclaimer

Sanden Holdings Corp. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 07:22:03 UTC.