FY2021

Financial results briefing materials

February 28, 2022

Sanden Corporation

Corporate Officer & GM of Corp. Financial Mgmt. Div.

Junya Takahashi

© 2022 SANDEN CORPORATION

Agenda

  1. Financial results for the fiscal year ending December 2021
  2. Forecast for the fiscal year ending December 2022

１６

© 2022 SANDEN CORPORATION

Agendas

Financial results for the fiscal year ending December 2021

  1. Points of the financial results
  2. Summary of consolidated financial results
  3. Sales by region from the automotive systems business segment
  4. Operating income (Year-on-year comparison)
  5. Extraordinary gain & loss and net１assets６
  6. Consolidated balance sheet(Year-on-yearcomparison)

© 2022 SANDEN CORPORATION

１．Points of the financial results

Financial results for Dec, 2022

Since the fiscal has been changed from the fiscal year ending March to ending December, fiscal year 2021 is be

the nine-month settlement from April to December.

1

As a result, the gap between the company, which had previously closed in December are eliminated. In order to

eliminate the period of the transition, china and Mexico front

reflect the yearly results from January to December on the yearly results of the fiscal year ended December

31,2021

According to the completion of the ADR procedure, on May 31, 21.4 billion yen was paid

from Hisense Japan Automotive Air-conditioning Systems Corporation and 63 billion yen was exempted from debt

2

from financial institutions.

PL recorded debt forgiveness gain of 63 billion yen as special income, and BS's net assets increased by 84.4

billion yen (including capital of 10.7 billion yen). Japanese bank debt balances after the debt waiver have been

fully repaid on July 28.

Sales were affected by a decrease in production, mainly in Europe due to a shortage of semiconductors, but Sales

3

increased by 27%. Operating income includes 7.5 billion yen loss due to structural reforms. On a real basis,

excluding this: Operating loss of 4.9 billion yen and a recovery trend are on a recovery trend, but they are still in

the deficit due to higher logistics costs and higher raw material costs.

It is necessary to continue to pay close attention to the effects of the semiconductor shortage.

© 2022 SANDEN CORPORATION

２．Summary of consolidated financial results

Financial results for Dec, 2022

Fy 2020

Fy 2021

Ver Previous year

Apr~Dec 2020

Apr~Dec 2021

Results

Results

Difference

Ratioed

Sales

945

1,196

251

26.6%

Operating

△97

△125

△28

△28.6%

Profit

Ordinary

△160

△117

43

26.7%

Profit

Net income attributable

to owners of the parent

△168

159

327

-

company

Ordinary Profit

US$

106yen

111yen

5yen

Exchange

EUR

122yen

131yen

8yen

[In 100 million yen]

Fy 2021

Ver Forecast

Apr~Dec 2021

Forecast

Difference

Ratioed

1,200

△4

△0.3%

△120

△5

△3.8%

△140

23

16.2%

165

△6

△3.7%

107yen

5yen

127yen

4yen

Exchange: Average market rate

© 2022 SANDEN CORPORATION

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Sanden Holdings Corp. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 07:51:01 UTC.