SANDEN CORPORATION
August 9, 2024
SUMMARY OF CONSOLIDATED FINANCIAL RESULTS FOR THE SIX MONTHS
ENDED JUNE 30, 2024
Fiscal year ending December 31, 2024
SANDEN CORPORATION
20 Kotobuki-cho,Isesaki-shi, Gunma, Japan 372-8502 | Code No: | 6444 |
(URL: https://www.sanden.co.jp/english/index.html) | Shares listed: | Tokyo Stock Exchange |
Representative Director & President: Dan Zhu For further information, please contact
Junya Takahashi
Division General Manager of
Corporate Financial Management Division Contact Number: +81-3-5828-5582
Scheduled date to file semi-annual securities report: August 9, 2024
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for securities analysts and institutional investors)
(Fractions less than 1 million omitted)
1. Consolidated Financial Results For The Six Months Ended June 30,2024 (January 1, 2024- June 30, 2024)
(1) Results of operations | (%: percentage change from previous fiscal year) | |||||||||||||||
Net sales | Operating | Income before | Net income | |||||||||||||
income | extraordinary items | |||||||||||||||
(Millions of , %) | (Millions of , %) | |||||||||||||||
(Millions of , %) | (Millions of , %) | |||||||||||||||
Six months ended June 30, 2024 | 94,177 | 7.6 | (3,396) | - | 1,409 | - | 500 | - | ||||||||
Six months ended June 30, 2023 | 87,489 | 6.2 | (4,415) | - | (984) | - | (315) | - | ||||||||
Notes: Equity in Comprehensive Income: | For the six months ended June 30, 2024 | 4,619million -% | ||||||||||||||
Notes: Equity in Comprehensive Income: | For the six months ended June 30, 2023 | (417)million -% | ||||||||||||||
Net income per | Net income per | |||||||||||||||
share basic () | share diluted () | |||||||||||||||
Six months ended June 30, 2024 | 4.49 | - | ||||||||||||||
Six months ended June 30, 2023 | (2.83) | - | ||||||||||||||
(2) Financial positions | (Fractions less than 1 million omitted) | |||||||||||||||
Total assets | Net assets | Equity Ratio of | Net assets per share | |||||||||||||
equity over total assets | ||||||||||||||||
(Millions of ) | (Millions of ) | () | ||||||||||||||
(%) | ||||||||||||||||
As of June 30, 2024 | 172,974 | 25,456 | 14.2 | 220.58 | ||||||||||||
As of December 31, 2023 | 162,539 | 20,836 | 12.4 | 181.18 | ||||||||||||
Notes: Equity capital As of June 30, 2024 | 24,583million | |||||||||||||||
As of December 31, 2023 | 20,192million | |||||||||||||||
2. Dividends | ||||||||||||||||
Dividend per share () | ||||||||||||||||
1Q | 2Q | 3Q | 4Q | Total | ||||||||||||
Fiscal year ended December 31, 2023 | - | 0.00 | - | 0.00 | 0.00 | |||||||||||
Fiscal year ending December 31, 2024 | - | 0.00 | ||||||||||||||
Fiscal year ending December 31, 2024 (Forecast) | - | 0.00 | 0.00 |
Note: Revisions made since the most recently published dividends forecast: None
3. Forecast of business results for the next fiscal year (January 1, 2024-December 31, 2024)
(%: percentage change from the same period of the previous fiscal year)
Operating | Income before | Net income | |||||||
Net sales | Net income | per share | |||||||
income | extraordinary items | ||||||||
(Millions of , %) | (Millions of , %) | basic | |||||||
(Millions of , %) | (Millions of , %) | ||||||||
() | |||||||||
Fiscal year ending December 31, 2024 | 180,000 | 0.4 | (6,800) | - | (2,800) | - | (1,600) | - | (14.36) |
Note: Revisions made since the most recently published earnings forecast: None
*Notes | ||||||
(1) | Significant changes in the scope of consolidation during the period: None | |||||
(2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes. | ||||||
For details, please refer to "2. Semi-Annual Consolidated Financial Statements and Major Notes (4) Notes to Semi-Annual | ||||||
Consolidated Financial Statements (Specific accounting treatment used in the creation of the semi-annual consolidated financial | ||||||
statements)" on page 8 of the attached document. | ||||||
(3) Changes in accounting principles and estimates, and retrospective restatement | ||||||
(a) Changes due to revision of accounting standards: None | ||||||
(b) | Changes other than in (a): None | |||||
(c) | Changes in accounting estimates: None | |||||
(d) | Retrospective restatement: None | |||||
(4) Number of outstanding shares (common stock, shares) | ||||||
(a) Outstanding shares (including treasury shares) | As of June 30, 2024: | 111,693,313 | As of December 31, 2023: | 111,693,313 | ||
(b) Treasury shares | As of June 30, 2024: | 243,266 | As of December 31, 2023: | 243,057 | ||
(c) Average number of shares outstanding | ||||||
As of June 30, 2024: | 111,450,134 | As of June 30, 2023: | 111,450,498 | |||
during the period (cumulative) | ||||||
*Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
*Cautionary statement regarding forecasts of operating results and special notes (Note regarding the forward-looking statements)
The forward-looking statements contained in this report are based on information currently available to the Company and certain assumptions which are regarded as legitimate. These statements are not promised by the Company regarding future performance. Actual results may differ significantly from these forecasts due to various factors. For information about the forecasts, please see "1. Results of Operations-(3) An explanation of future, predictive data, such as consolidated earnings forecasts" on page 2 of Supplementary Information.