Summary of Consolidated Financial Results For The Three Months Ended March31, 2026（PDF：105KB）

SUMMARY OF CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2026

(Under Japanese GAAP)

Fiscal year ending December 31, 2026

May 14, 2026

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: Zhan Xu For further information, please contact

Junya Takahashi

Division General Manager of

Corporate Financial Management Division Contact Number: +81-3-5828-5582

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

(Fractions less than 1 million omitted)

1. Consolidated Financial Results For The Three Months Ended March 31,2026 (January 1, 2026- March 31, 2026)

   1. Results of operations (%: percentage change from previous fiscal year)

      Net sales (Millions of , %)

      Operating income

      (Millions of , %)

      Income before extraordinary items (Millions of , %)

      Net income (Millions of , %)

      Three months ended March 31, 2026	51,819	13.9	(464)	-	206	-	763	-
      Three months ended March 31, 2025	45,494	(2.1)	(1,016)	-	(832)	-	(1,040)	-

      Notes: Equity in Comprehensive Income: For the three months ended March 31, 2026 2,135million -%

      For the three months ended March 31, 2025 (3,519)million -%

      	Net income per share basic ()	Net income per share diluted ()
      Three months ended March 31, 2026	6.84	-
      Three months ended March 31, 2025	(9.33)	-

   2. Financial positions (Fractions less than 1 million omitted)

   	Total assets (Millions of )	Net assets (Millions of )	Equity Ratio of equity over total assets (%)	Net assets per share ()
   As of March 31, 2026	189,386	30,239	15.3	258.04
   As of December 31, 2025	185,633	28,126	14.4	239.68

   Notes: Equity capital As of March 31, 2026 28,887million

   As of December 31, 2025 26,711million

2. Dividends

   Dividend per share ()
   	1Q	2Q	3Q	4Q	Total
   Fiscal year ended December 31, 2025	-	0.00	-	0.00	0.00
   Fiscal year ending December 31, 2026	-
   Fiscal year ending December 31, 2026 (Forecast)		0.00	-	0.00	0.00

   Note: Revisions made since the most recently published dividends forecast: None

3. Forecast of business results for the next fis cal year (January 1, 2026-December 31, 2026)

   (%: percentage change from the same period of the previous fiscal year)

   Net sales (Millions of , %)			Operating income (Millions of , %)		Income before extraordinary items (Millions of , %)		Net income (Millions of , %)		Net income per share basic ()
   Fiscal year ending December 31, 2026	200,000	4.8	(1,000)	-	2,700	52.2	500	82.4	4.47

   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 quarterly consolidated financial statements: Yes. For details, please refer to "2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes to Quarterly

      Consolidated Financial Statements (Specific accounting treatment used in the creation of the quarterly consolidated financial statements)" on page 7 of the attached document.

   3. Changes in accounting policies, changes in accounting estimates, and restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

      2. Changes in accounting policies due to other reasons: None

      3. Changes in accounting estimates: None

      4. Restatement: None

   4. Number of issued shares (common stock, shares)

• Review of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary)

• Cautionary statement regarding forecasts of operating results and special notes (Note regarding the forward-looking statements)

1. 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.

2. The forecasted earnings per share (EPS) in "3. Consolidated Financial Forecast for the Fiscal Year Ending December 2026" has been calculated based on the weighted average number of shares outstanding during the period, reflecting the increase in shares resulting from the issuance of new shares through a third-party allotment dated March 23, 2026.