Sanden Holdings Corporation Business Report FY ended Mar. 2019

Financial Overview

(in millions of JPY)
  FY ended Mar. 31, 2019 FY ended Mar. 31, 2018 Rate of Change (%) Factors
Overall
Sales 273,934 287,609 (4.8) -Sales and profit fell at the automotive device business because of lower sales in Asia and China caused by the US-China trade war; and because of  lower sales by customers in the USA; although sales of products for eco-friendly vehicles mainly in Europe increased.
Operating Income 889 5,469 (83.7)
Ordinary Income 564 4,411 (87.2) -
Profit for the year attributable to owners of the parent (23,060) 4,255 (642.0) -



R&D Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2019 FY ended Mar. 31, 2018 FY ended Mar. 31, 2017
Group 8,818 7,860 7,910
Automotive systems business 7,544 6,012 5,530



R&D Centers

-The Company is speeding up development of compressors and air-conditioning systems that respond to changes in hybrid, plugin-hybrid, and electric cars which are undergoing rapid advancements, by creating a global R&D framework that includes the Sanden Technical Centers in Japan, the USA, and Germany; and the R&D function in France; strengthening their collaboration.

Capital Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2019 FY ended Mar. 31, 2018 FY ended Mar. 31, 2017
Group 13,000 12,400 12,400
Automotive systems business 10,300 10,800 10,800
-Japan 4,800 4,500 2,100
-Europe 1,800 2,800 3,100
-North America 1,100 300 700
-Asia 2,500 3,100 4,700

-In the fiscal year ended March 2019, the Company invested mainly to localize production and switch to in-house production.

 

Planned Capital Investments

-In the fiscal year ending in March 2020, the Company plans to spend a total of JPY 13,000 million in capital investments to strengthen its production operations, localize procurement, and initiate in-house production, of which it plans to spend JPY 8,500 million in the automotive component business alone.

  • Japan:JPY 4,000 million
  • Asia:JPY 2,000 million
  • Americas:JPY 1,000 million
  • Europe:JPY 1,500 million

Business Plan

-The Company established a medium-term business plan ending in FY 2023 that ends in March 2024. The goals in the plan are:

  • Sales: JPY 320 billion
  • Ordinary profit to sales ratio: 5%
  • Shareholders' equity ratio: 25%

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Nagata-cho, Chiyoda-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Southfield, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China
Huangpu District, Shanghai, China
+86-21-6212-6562
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779