SANDEN CORPORATION
Feb 14, 2025
SUMMARY OF CONSOLIDATED FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024
(Under Japanese GAAP)
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 of annual general meeting of shareholders: March 28, 2025
Scheduled date to file annual securities report: March 28, 2025
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 Fiscal Year Ended December 31,2024 (January 1, 2024- December 31,
2024)
(1) Consolidated operating results | (%: percentage change from previous fiscal year) | ||||||||
Net sales | Operating income | Ordinary income | Net income | ||||||
(Millions of , %) | (Millions of , %) | (Millions of , %) | (Millions of , %) | ||||||
Fiscal year ended December 31, 2024 | 183,848 | 2.5 | (6,446) | - | (176) | - | (777) | - | |
Fiscal year ended December 31, 2023 | 179,279 | 2.0 | (11,018) | - | (8,382) | - | (3,359) | - |
Notes: Equity in Comprehensive Income: For the fiscal year ended December 31, 2024: | 2,788million -% | |||||||||
For the fiscal year ended December 31, 2023: | (2,530)million -% | |||||||||
Net income per share | Net income per share Net income over equity | Ordinary income | Operating income over | |||||||
over total assets ratio | ||||||||||
basic () | diluted () | ratio (%) | sales ratio (%) | |||||||
(%) | ||||||||||
Fiscal year ended December 31, | (6.98) | - | (3.6) | (0.1) | (3.5) | |||||
2024 | ||||||||||
Fiscal year ended December 31, | (30.15) | - | (15.7) | (5.2) | (6.1) | |||||
2023 | ||||||||||
Notes: Equity in earnings (losses) of affiliates: For the fiscal year ended December 31, 2024: | 4,698million | |||||||||
For the fiscal year ended December 31, 2023: | 4,339million | |||||||||
(2) Consolidated financial position | (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 December 31, 2024 | 175,459 | 23,582 | 12.9 | 203.03 | ||||||
As of December 31, 2023 | 162,539 | 20,836 | 12.4 | 181.18 | ||||||
Notes: Equity capital As of December 31, 2024: | 22,628million | |||||||||
As of December 31, 2023: | 20,192million | |||||||||
(3) Consolidated cash flows | (Millions of ; Fractions less than 1 million omitted) | |||||||||
Cash flows | Cash flows | Cash flows | Cash and | |||||||
from operating | from investing | from financing | cash equivalents | |||||||
activities | activities | activities | at end of period | |||||||
Fiscal year ended December 31, 2024 | (4,465) | (12,790) | 9,484 | 14,929 | ||||||
Fiscal year ended December 31, 2023 | 9,371 | (11,602) | 5,794 | 21,620 |
2.Dividends
Dividend per share () | Total annual | Dividend payout | Ratio of dividend | |||||||
dividends | ratio | payout over net | ||||||||
(Consolidated) | assets | |||||||||
(Consolidated) | ||||||||||
1Q | 2Q | 3Q | 4Q | Total | (Millions of ) | (%) | (%) | |||
Fiscal year ended | - | 0.00 | - | 0.00 | 0.00 | - | - | - | ||
December 31, 2023 | ||||||||||
Fiscal year ended | - | 0.00 | - | 0.00 | 0.00 | - | - | - | ||
December 31, 2024 | ||||||||||
Fiscal year ending | ||||||||||
December 31, 2025 | - | 0.00 | - | 0.00 | 0.00 | - | ||||
(Forecast) |
3. Forecast of business results for the next fiscal year (Jan 1, 2025-December 31, 2025)
(%: percentage change from the same period of the previous fiscal year)
Net income | |||||||||
Net sales | Operating income | Ordinary income | Net income | per share | |||||
(Millions of , %) | (Millions of , %) | (Millions of , %) | (Millions of , %) | basic | |||||
() | |||||||||
Fiscal year ending December 31, 2025 | 184,700 | 0.5 | (6,000) | - | (2,600) | - | (300) | - | (2.69) |
*Notes
- Significant changes in the scope of consolidation during the period: None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: None
- Changes other than in (a): None
- Changes in accounting estimates: None
- Restatement: None
- Number of issued shares (common stock, shares)
- Issued shares (including treasury shares)
- Treasury shares
- Average number of shares outstanding
during the period (cumulative)
As of December 31, 2024: | 111,693,313 | As of December 31, 2023: | 111,693,313 |
As of December 31, 2024: | 243,577 | As of December 31, 2023: | 243,057 |
As of December 31, 2024: | 111,450,013 | As of December 31, 2023: | 111,450,389 |
[Reference] Overview of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended December 31,2024 (January 1, 2024 - December 31, 2024)
(1) Non-consolidated operating results
(Percentage figures represent year on year changes)
Net Sales | Operating | Ordinary income | Net income | |||||||||||||
income | ||||||||||||||||
Million Yen | % | Million Yen | % | Million Yen | % | Million Yen | % | |||||||||
Fiscal year ended December 31, | 69,829 | (2.9) | (12,831) | - | (5,729) | - | (2,108) | - | ||||||||
2024 | ||||||||||||||||
Fiscal year ended December 31, | 71,946 | (4.2) | (13,790) | - | (7,932) | - | (6,715) | - | ||||||||
2023 | ||||||||||||||||
Net income per share | Net income per share | |||||||||||||||
(Basic) | (Diluted) | |||||||||||||||
Yen | Yen | |||||||||||||||
Fiscal year ended December 31, | (18.92) | - | ||||||||||||||
2024 | ||||||||||||||||
Fiscal year ended December 31, | (60.26) | - | ||||||||||||||
2023 | ||||||||||||||||
(2) Non-consolidated financial Position | ||||||||||||||||
Total assets | Net assets | Equity Ratio | Net assets per share | |||||||||||||
Million Yen | Million Yen | % | Yen | |||||||||||||
As of December 31, 2024 | 106,043 | 9,450 | 8.9 | |||||||||||||
84.79 | ||||||||||||||||
As of December 31, 2023 | 104,058 | 11,548 | 11.1 | 103.62 | ||||||||||||
Reference: Shareholders' equity | ||||||||||||||||
As of December 31, 2024: | 9,450million | |||||||||||||||
As of December 31, 2023: | 11,548million |
- This report is exempt from audit conducted by certified public accountants or an audit firm.
- Cautionary statement regarding forecasts of operating results and special notes (Notes to the forward-looking statements and others) Forward-looking statements in these materials are based on information available to management at the time this report was prepared and assumptions that management believes are reasonable. These statements are not promised by the Company regarding future performance. Actual results may differ significantly from these statements for a number of reasons. For information about the forecasts, please see "1. Results of Operations (4) Outlook" on page 3.