SANDEN CORPORATION Sanden Corporation
Mid-term management plan 'SHIFT2028' explanation
26 February 2024.
Sanden Corporation Director
Director & Executive Vice President
Hideyuki Kobayashi
© 2024 SANDEN CORPORATION | 1/46 |
Table of Contents
- Company profile
- Basic strategy
- Piority measures
- Financial strategy １６
- Conclusion
© 2024 SANDEN CORPORATION
- Company profile
1. Company profile
Mid-term management plan 'SHIFT2028'.
History
Expand to | Expand to | Expand to Expand to | Consolidated | (100 million yen) | |||||||||
Establishment | Net sales | ||||||||||||
America | Asia | Europe | China | ||||||||||
1,757 | 1,793 | ||||||||||||
1943 | 1970 | 1980 | 1990 | 2000 | 2010 | 2020 | |||||||
(Retail business) Freezing and refrigeration equipment Showcases/vending machines | 1,375 | Other. | |||||||||||
(Automotive business) | 1,196 | ||||||||||||
Air-conditioning compressors/
automotive air-conditioning systems
Expansion of global OEMs
1971. | 2021. |
Automotive compressors | capital tie-up |
Start of production | With Hisense |
2021 | 2022 | 2023 (Financial Year) |
Numerical values Highlights.
capital stock
21.7 billion.
Number of employees
*As of December 31,2023.
Consolidated 5,587
Percentage of overseas employees 76%.
Global Locations
46 sites in 22 countries
By region Net sales
8% | |
12% | Europe |
Business activities
Business activities
Automotive equipment systems business
We manufacture and sell products globally, mainly OEM products (original equipment manufacturing) for automobile manufacturers and other customers around the world. Aggressive deployment of high-quality products that respond to the electrification of automobiles
Electric compressor
car air-conditioning system Mechanical compressors heat pump system
1,793 | 36% | China | ||
Asia | ||||
18%. | million yen | |||
Americas | ||||
(100%) | ||||
26%. | Japan | |
(FY 2023) | ||
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2. Overview of the company's main products
Mid-term management plan 'SHIFT2028'.
air-conditioning system
Automotive air conditioning systems
The company manufactures and sells various components that make up car air-conditioning systems on a global scale, and has won the trust of major car manufacturers, construction machinery and agricultural machinery manufacturers, using environmental technology as its core technology.
Heat pump system | HVAC units |
Integrated Thermal | ||
Management System | ||
Electric Coolant Heaters | condenser | Integrated heat management |
(for new energy vehicles) | systems | |
(for new energy vehicles) |
Heart of the air-conditioning system Components
Compressors for automotive air conditioning
The company manufactures and sells compressors, the heart of car air-conditioning systems, on a global scale. In recent years, the company has also gained credibility in environmental technology, with a wide range of products for electric vehicles and other applications.
Swash Plate Type | |
Electric compressors (EC) | Variable Displacement |
Compressors | |
Wobble Plate Type Fixed | |
Displacement Compressors | CO₂ compressor |
World market share
World No.2
Cumulative production Over 400 million units
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- Basic strategy
3. New med-term management plan SHIFT2028
Mid-term management plan 'SHIFT2028'.
From component supplier to 'Full solution system supplier'.
Grow as a leading company in integrated thermal management systems based on an accumulated business platform.
Business revitalisation (2020-2023)
Mid-term management plan SHIFT2028
(2024-2028)
What has been achieved | What the medium-term management plan aims to achieve |
Management policies
Basic strategy
Growth area
Investment
in growth
(Synergies)
Area Policy
Rebuild earning power
Compressors Top 2
Component supplier
Compressors for ICE Compressors for EVs
Ready for EV
(Strengthen development / production sites).
2nd in Europe, 1st in China
Integrated Thermal Management Systems
Leading company
Full solution system supplier
Compressors for EVs
+ Integrated Thermal Management System
EV-isation, ITMS R&D and production investment
V2X, smart systems
Further expansion in European and Chinese markets Americas electric vehicle market No. 1
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Mid-term management plan 'SHIFT2028'.
4. Competitive advantage of Sanden
Chinese OEMs leading the NEV space (Global South market) while maintaining and capturing growth in existing European markets
Unique position able to focus on emerging EV OEMs
Product advantage | Existing market share | Market size | ||
(2023) | ||||
Market growth
potential (2028)
high-growth
customer
EC
NEV
ITMS
HVAC
ICE
MC
- Extending the range of electric vehicles by 140%.
- Product line-up for a wide variety of refrigerants
- Global production structure
- Technology and reliability based on a production record of 400 million units
- Cost competitiveness through procurement synergies with Hisense
- Global production system
Global: 3rd.
Growth markets from CY25
Asian share: 9%.
Global: 2nd.
Approx. 400 billion yen Of which: China 46%. Of which: Europe 20%.
Approx. 200 billion yen Of which: China 58%. Of which: Europe 20%.
Approx. 1.7 trillion yen Of which: China 32%. Of which: Europe 20%.
Approx. 700 billion yen Of which: China 27%. Of which: Europe 20%.
Approx. 800 billion yen Of which: China 50%. Of which: Europe 28%.
Approx. 1.0 trillion yen Of which: China 47%. Of which: Europe 21%.
Approx. 1.8 trillion yen Of which: China 34%. Of which: Europe 19%.
Approx. 400 billion yen Of which: China 22%. Of which: Europe 17%.
Accelerate sales to Chinese and European customers enjoying growth in the NEV market (existing expansion, new acquisitions).
in the situation that the competition is in active,Selecting and concentrating on quality customers by utilising existing production and logistics assets and customer relationships
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Mid-term management plan 'SHIFT2028'.
5. Overview of the ITMS strategy
World No.1 competitive advantage in Thermal management systems, which is the backbone system in NEVs.
Providing integrated thermal management system solutions to emerging EV OEMs in China, Europe and the Americas, which are
experiencing significant growth, is a core part of the growth strategy
ITMS hardware x software
Flexible compliance with PFAS regulations.
Possesses ITMS components on both EC (core components) and software sides
Electric coolant heaters (for EVs and hybrids)
Thermal | Heat pumps | |
Electric compressor | management | |
system | ||
HVAC | Thermal | |
(for passenger cars) | management | |
systems | ||
Technological superiority |
High cost-efficiency compared to the competition (extended range).
132% 140%.
0%100%.
existing product
(Electric heaters) (Winter use)
ITMS 2.0
ITMS 3.0
Two direct/indirect systems allow systems using propane gas as refrigerant to be realised safely.
ITMS 2.0
ITMS 2.0 is a direct system and puts refrigerant directly into the air conditioning unit, giving it a response advantage.
ITMS 3.0
ITMS 3.0 is an indirect system, which enables large- scale reductions in the amount of refrigerant in propane gas refrigerant systems that are the scope of
environmental regulations of PFAS
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Mid-term management plan 'SHIFT2028'.
6. The composition of electrification products in Sanden
From compressor-centric supplier to full solution supplier
Provide Thermal management solutions (systems, modules and components) and follow a speedy 'customer first' policy
customer needs
social responsibility | Required devices | |
• | electrification | E-Devices |
• | automation | sensing device |
• | decarbonation | green material |
• | energy | Competing devices |
conservation | (e.g. HP) |
core competence
Fluid mechatronics:
Sanden provides passengers with a safe and comfortable space based on its core technologies related to refrigeration systems. This technology and know-how will be extended to other fluid control systems and equipment.
in-house technology
Core | Products and | |
technology | equipment | |
• | Fluid Machinery | compressor |
• | heat exchange | Heat exchangers, ECH |
• | air control | HVAC, cooler |
• | electronics | Motor, inverter |
heat transfer
-ECH (Electric Coolant Heater) -HEX (heat exchanger)
system
Electric coolant heater | Heater core | Condenser and | |
for EV and Full Hybrid | Pipe | ||
Outer heat | |||
vehicles | exchanger | ||
In-vehicle air control
-HVAC
-Spot cooler
HVAC unit | 2layer HVAC | Spot Cooler |
For Passenger Vehicles | ||
fluid control
-Compressor-ITMS
-Refrigerant units MC | EC | ITMS | Refrigerant |
Integrated Module |
drive control
New products based on core technologies
-Air compressors -ORC Expander
Scroll Expander. | Scroll air compressor | Turbine air compressor |
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Sanden Holdings Corp. published this content on 07 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2024 01:27:09 UTC.
