Sanden : Second Quarter of Fiscal Year Ending December 31, 2023 Summery of Financial Results

Second Quarter of Fiscal Year Ending

December 31, 2023

Summary of Financial Results

Consolidated financial Summary​

Item		FY2022	FY2023	Ver Previous year
	Jan～Jun 2022	Jan～Jun 2023	Difference	Ratioed
【Unit:100M JPY】
Results	Results
Sales		824	875	51	6.2%
Operating Profit	(35)	(44)	-10	-28.6%
Operating Profit	(16)	(10)	6	37.5%
IBT		(14)	1	15	ー
Net income attributable to	(19)	(3)	16	84.2%
the parent-company
Exchange		US＄	123円	135円	12円
		EUR	134円	146円	12円
*Exchange rate: Average market rate

© 2023 SANDEN CORPORATION

Results of Activities (IBT)​

IBT (excluding special factors) by semi-annual period

(Unit：Million JPY)

132

0

Achieved profit for

the second

consecutive half

First time in 6 years

since FY17

1H 2H FY16

1H 2H FY17

1H 2H

FY18

1H 2H FY19

1H 2H FY20

1H 2H FY21

1H 2H CY22

1H

CY23

① IBT w/o special factors

②FY/CY is based on accounting period

（※FY21 is the 9month period from Apr. to Dec. 2021 due to the accounting period adjustment from FY to CY.） ③Figures up to 1H FY19 include SDRS and other former RS business figures.

© 2023 SANDEN CORPORATION

Results of Activities (Highlight)​

Key Figure

Sales	+6％ (YoY)

IBTTurnaround

Operating CF Turnaround

Acquire new commercial rights

Key Action

New commercial rights Double(YoY）

R&D Expenses

+27％（YoY）

Inventory turnover

－1.4Days（YoY）

◆New Customers：Luxury EV Manufacturer &

Leading Agricultural Equipment Manufacturer

◆Key Strategic Products：ECH, Electric compressor Gen5, HVAC etc

© 2023 SANDEN CORPORATION

Future initiatives

Evolve into a full solution supplier

Aggressive investments in R&D and manufacturing

Compressors

Upgrade	Develop five
PX/SD/SDV	new EC
platforms	platforms
	1000V		800V
	EC		EC
	New		New
	model		500V
	EC		EC
	New

Thermal management systems

Upgrade ITMS to Step

3.0

Longer cruising

distanceIndividual air- conditioning

Highly efficient

system		Chiller		Water circulation
	heat exchanger		defroster unit
			Water-coolant		Windshield		HVAC		Motor &
										inverter
	Radiator		Water		Individual A/C unit	Individual A/C unit
		concentration

unit

Batteries

Electric coolant heater (ECH)

Hisense cockpits	Hisense		V2X
Hisense Smart	V2X
Drive
Dashboard	Center control screen	Cloud
Domain controller
Screen in the rear Head-up
seat arm rest	display

model

AC

Defrost when	ECH technology	Water circuit
heated up	(GEN3)	module

© 2023 SANDEN CORPORATION