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Sanden Corporation (Formerly Sanden Holdings Corporation)

Company Profile

■URL

https://www.sanden.co.jp/english/index.html

■Address

20 Kotobuki-cho, Isesaki-shi, Gunma-ken, 372-8502 Japan

Business Overview

-A major manufacture of car air-conditioning systems and air-conditioning compressors, based in Gunma Prefecture, Japan. It delivers HVAC units, compressors, and piping for climate-control systems.

-On March 1, 2021, as a way to improve its financial condition, it issued new stock shares through a third-party allocation. As a result, it announced that Hi-sense Home Appliances Group Co., Ltd. became the majority shareholder, which is a major appliance manufacturer based in China. The payment was finalized on May 31, 2021. After the allotment was completed, Hisense Japan Automotive Air Conditioning Systems Limited Liability Company, a special-purpose company to underwrite the stock, held 74.88% of the common shares.

Shareholders

-Moved to the Standard Market of the Tokyo Stock Exchange (As of Dec. 31, 2023)
Name or Company Name Investment Ratio (%)
Hisense Japan Automotive Air-Conditioning Systems Limited Liability Company 74.95
BBH (LUX) FOR FIDELITY FUNDS PACIFIC POOL (Standing proxy MUFG Bank, Ltd.) 1.93
Sanden Customer Stock Ownership Plan 1.37
The Master Trust Bank of Japan, Ltd. (Trust Account) 1.17
Individual shareholders 0.41
Sanden Employee Shareholding Association 0.38
CLEARSTREAM BANKING S.A. (Standing proxy HSBC Bank Tokyo Branch Custody Department) 0.38
SUMITOMO LIFE INSURANCE COMPANY 0.28
Ushikubo Amada Scholarship Foundation 0.22
Custody Bank of Japan, Ltd. (Trust Account) 0.21
Total 81.30

 

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Products

Automotive air conditioner systems
Compressors for automotive air conditioners
-Electric Compressors
-Variable Displacement Type Compressors

  • Swash plate type
  • Wabble plate type

-Fixed Displacement Type Compressors

  • Wabble plate type
  • Scroll type

-CO2 Compressors

HVAC units

Heat exchangers for engine
-Inter coolers
-Oil coolers

Heat exchangers for air-conditioning
-Evaporators
-Condensers
-Heater cores

Electric coolant heaters

Pipes for air conditioning

Heat pump system

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History

July 1943 The Company's predecessor, Sankyo Denki Co., Ltd. was established with paid-in capital of 198 thousand yen.
Mar. 1948 Started producing dynamo lamps for bicycles
Mar. 1971 Formed a technical tie-up with John E. Mitchel Co. of the U.S.A. and started producing compressors for automotive air conditioners.
Nov. 1974 Established Sankyo International (U.S.A.) Inc. in the U.S.A. (Currently Sanden International (U.S.A.) Inc.)
Dec. 1977 Established Sankyo International (Singapore) Pte. Ltd. in Singapore. (Currently Sanden International (Singapore) Pte. Ltd.)
Oct. 1982 Changed its company name to Sanden Co., Ltd.
Aug. 1989 Started operations at the No.2 plant of Sanden International (U.S.A.), Inc. in Wylie, Texas to manufacture compressors for automotive air conditioners.
May 1994 Signed a technical licensing-out agreement with Ford Motor Company (U.S.A.) on manufacturing technology for automotive air conditioner compressors.
Apr. 1995 Established Sanden Manufacturing Europe S.A. in France.
Sep. 2000 The Company and Shanghai Ek Chor General Machinery Co., Ltd. jointly established Sanden (Shanghai) Automotive Air-Conditioning Co., Ltd. in Shanghai as a manufacturing and sales base of automotive air conditioners in China.
July 2001 The Company and Behr of Germany jointly established Sanden-Behr Air-Conditioning Systems Co., Ltd. in Taito ward, Tokyo to develop and market automotive air conditioners.
Oct. 2002 Awarded Japan Quality Medal
Feb. 2004 Established a joint venture, Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd., in China
Apr. 2004 Established Sanden Manufacturing Poland SP.ZO.O. in Poland.
Jun. 2004 Established a joint venture, Shenyang Sanden Automotive Air-Conditioning Co., Ltd., in China.
Sep. 2004 Sold 25% of the shares of its consolidated subsidiary, Sanden (Shanghai) Automotive Air-Conditioning Co., Ltd., to Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd.
Jan. 2005 Acquired a distribution system equipment parts manufacture, Diawa Corporation (Isesaki, Gunma prefecture) and changed the corporate name to Sanwa Thermotech Co., Ltd.
Oct. 2006 Sanden International (U.S.A.), Inc. and Sanden International (Singapore) Pte. Ltd. won the Deming Application Prize.
Dec. 2007 Established the Toyohashi Plant in Toyohashi City, Aichi Prefecture and started commercial production of parts for car air conditioners.
Sep. 2008 Established a consolidated subsidiary, Sanden (Suzhou) Precision Parts Co., Ltd., in China.
Jun. 2010 Established Chongqing Sanden Automotive Air-Conditioning Co., Ltd., a subsidiary, in China.
Oct. 2011 Awarded the Demming Prize (at Sanden Vikas (India) Ltd.)
Dec. 2012 Established Sanden Manufacturing Mexico S.A. de C.V., a consolidated subsidiary.
Nov. 2013 Invested in Chongqing Huaen Industrial Co., Ltd. in China.
Jan. 2015 Merged Chongqing Huaen Industrial Co., Ltd. into Sanden Chongqing Automotive Air Conditioning Co., Ltd.
Apr. 2015 Transitioned to a holding-company structure, adopting the name Sanden Holdings Corporation.
Oct. 2015 Added a new HVAC air-conditioning-system production line at Sanden Manufacturing Poland SP.Z.O.O.
Feb. 2016 Installed additional compressor production lines at Sanden Manufacturing Poland SP.Z.O.O.
May 2016 Relocated home office to Daibiru in Akihabara, Tokyo.
Jan. 2017 Merged the operations of five subsidiaries engaged in the automotive equipment business into Sanwa Co., Ltd.; and three subsidiaries engaged in logistics system into Sanwa Fabtech Co., Ltd.
Apr. 2018 Completed construction of the production plant at Huayu Sanden Heqing New Plant in Shanghai, China, which commenced commercial production of electrical-power compressors in August.
Apr. 2019 Absorbed some of the stock shares of subsidiaries that run the automotive-equipment business and logistics-system business, and the rights and obligations that they hold in management/administration, spinning them off into Sanden Automotive Components Corporation, Sanden Automotive Climate Systems Corporation, and Sanden Retail Systems Corporation.
Jun. 2020 Filed request for a turnaround Alternative Dispute Resolution (ADR) to the Japanese Association of Turnaround Professionals.
May. 2021 Filed ADR procedures to reorganize business operations.
Issued new shares in Kaishin Japan Automotive Air Conditioning Systems Company G.K. through a third-party allocation.
Jan. 2022 Changed name to Sanden Corporation after migrating to corporate structure.
Merged and consolidated seven subsidiaries in Japan. 
Spun off one of the subsidiaries in Japan, which is continuing to operate under a simple merger as a business for the corporate group. 
Apr. 2022 Moved from the First Section of the Tokyo Stock Exchange to the Prime Market due to the TSE's reorganization.
Sep. 2022 Transferred all of the stock shared held in Sanden System Engineering Co., Ltd. (a consolidated subsidiary) to EXEO Digital Solutions Co., Ltd.
Oct. 2023 Moved to the Standard Market of the Tokyo Stock Exchange
Dec. 2023 Launched production of electric compressors at Sanden International (USA), Inc.

 

Supplemental Information 1

>>>FY ended Mar. 31, 2008 Business Report
>>>FY ended Mar. 31, 2009 Business Report
>>>FY ended Mar. 31, 2010 Business Report
>>>FY ended Mar. 31, 2011 Business Report
>>>FY ended Mar. 31, 2012 Business Report
>>>FY ended Mar. 31, 2013 Business Report
>>>FY ended Mar. 31, 2014 Business Report
>>>FY ended Mar. 31, 2015 Business Report
>>>FY ended Mar. 31, 2016 Business Report
>>>FY ended Mar. 31, 2017 Business Report
>>>FY ended Mar. 31, 2018 Business Report
>>>FY ended Mar. 31, 2019 Business Report
>>>FY ended Mar. 31, 2020 Business Report
>>>FY ended Mar. 31, 2021 Business Report
>>>FY ended Apr. - Dec. 2021 Business Report
>>>FY ended Dec. 2022 Business Report

Archives of Past Exhibits

Note: A figure in brackets ( ) indicates a loss

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JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
ITMS (Integrated Thermal Management System) 2.0
-Under development. High heat exchange rate is achieved by adopting a direct heat transfer system from refrigerant to air. Simple structure with integrated pipes and main piping allows dehumidification operation using only a heat pump without using a PTC heater, which consumes large amounts of power. Utilizes proprietary compressor and refrigerant control technologies, contributing to power savings.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Integrated Thermal Management System "3.0"
-First public showing in Japan. Under development; production targeted for 2026. Designed specifically for electric vehicles, it uses an in-direct heat pump system that employs water-mediated heat exchange technology to transfer thermal energy from refrigerant to water and water to air, such as in EVs. Propane is used instead of the usual fluorinated refrigerant.
JAPAN MOBILITY SHOW 2023
Electric compressor R744EC
-Dedicated to carbon dioxide, scroll type, pressure compatible. Compact, modular design, scalable and compatible with thermal management, including heat pump operation.
JAPAN MOBILITY SHOW 2023
Electric compressor R744EC
-Dedicated to carbon dioxide, scroll type, pressure compatible. Compact, modular design, scalable and compatible with thermal management, including heat pump operation.
JAPAN MOBILITY SHOW 2023
Electric compressor R744EC
-Dedicated to carbon dioxide, scroll type, pressure compatible. Compact, modular design, scalable and compatible with thermal management, including heat pump operation.
JAPAN MOBILITY SHOW 2023
Electric compressor 800V
Accommodates thermal management including heat pump operation. The main components are modularized to accommodate different refrigerant types.
JAPAN MOBILITY SHOW 2023
Electric compressor 800V
Accommodates thermal management including heat pump operation. The main components are modularized to accommodate different refrigerant types.
JAPAN MOBILITY SHOW 2023
Electric compressor 800V
Accommodates thermal management including heat pump operation. The main components are modularized to accommodate different refrigerant types.
JAPAN MOBILITY SHOW 2023
ECH（Electric Coolant Heater）
-Adopted as a new heating source utilizing the engine waste heat of electric vehicles, the system is specifically designed for 800V electric vehicles and achieves high heating performance. Effective heating in a short time, taking advantage of the high voltage system. Provides comfort to passengers in cold regions and on cold morning drives.
JAPAN MOBILITY SHOW 2023
ECH（Electric Coolant Heater）
-Adopted as a new heating source utilizing the engine waste heat of electric vehicles, the system is specifically designed for 800V electric vehicles and achieves high heating performance. Effective heating in a short time, taking advantage of the high voltage system. Provides comfort to passengers in cold regions and on cold morning drives.
JAPAN MOBILITY SHOW 2023
Heating, Ventilation＆Air Conditioning (HVAC) Unit
As a core component of automotive air conditioning systems, it switches between inside and outside air and adjusts air cooled and heated by a heat exchanger to the optimal temperature, humidity, and air volume.
JAPAN MOBILITY SHOW 2023
Heating, Ventilation＆Air Conditioning (HVAC) Unit
As a core component of automotive air conditioning systems, it switches between inside and outside air and adjusts air cooled and heated by a heat exchanger to the optimal temperature, humidity, and air volume.
JAPAN MOBILITY SHOW 2023
Heating, Ventilation＆Air Conditioning (HVAC) Unit
As a core component of automotive air conditioning systems, it switches between inside and outside air and adjusts air cooled and heated by a heat exchanger to the optimal temperature, humidity, and air volume.
JAPAN MOBILITY SHOW 2023
Compact spot cooler
Small, retrofitted, high-performance spot cooler for use in ultra-compact EVs, truck and bus cabs, small construction and agricultural equipment, golf carts, and other applications.
JAPAN MOBILITY SHOW 2023
Compact spot cooler
Small, retrofitted, high-performance spot cooler for use in ultra-compact EVs, truck and bus cabs, small construction and agricultural equipment, golf carts, and other applications.
JAPAN MOBILITY SHOW 2023
Compact spot cooler
Small, retrofitted, high-performance spot cooler for use in ultra-compact EVs, truck and bus cabs, small construction and agricultural equipment, golf carts, and other applications.
Tokyo Motor Show 2013
Ultra Light & Compact HVAC
Under development. Installed Vehicles for the current generation HVAC : Suzuki "Lapin", Suzuki "MR Wagon"
Tokyo Motor Show 2013
Ultra Light & Compact HVAC
Under development. Installed Vehicles for the current generation HVAC : Suzuki "Lapin", Suzuki "MR Wagon"
Tokyo Motor Show 2013
Expander with Integrated Pump
Tokyo Motor Show 2013
Expander with Integrated Pump
Tokyo Motor Show 2013
EV Technologies
Tokyo Motor Show 2013
EV Technologies
Tokyo Motor Show 2013
Electric Compressor
Integrated Inverter Type. Installed Vehicles : Mercedes-Benz "S-Class", Honda "Fit Hybrid"
Tokyo Motor Show 2013
Electric Compressor
Integrated Inverter Type. Installed Vehicles : Mercedes-Benz "S-Class", Honda "Fit Hybrid"
Tokyo Motor Show 2013
Electric Compressor
Integrated Inverter Type. Installed Vehicles : Mercedes-Benz "S-Class", Honda "Fit Hybrid"
Tokyo Motor Show 2013
Electric Coolant Heater
Installed Vehicles : Honda "Accord Hybrid"
Tokyo Motor Show 2013
Intercooler
Intercooler for horizontally opposed engine Installed Vehicles : Subaru "Legacy", Subaru "Impreza"
Tokyo Motor Show 2013
Intercooler
Intercooler for horizontally opposed engine Installed Vehicles : Subaru "Legacy", Subaru "Impreza"
Tokyo Motor Show 2013
Condenser
Tokyo Motor Show 2013
Condenser
Tokyo Motor Show 2013
HVAC Unit Adapted to Idling Stop Vehicle
The HAVC uses non-filler polypropylene, making it lighter and more compact. Installed Vehicle : Suzuki "MR Wagon"
Tokyo Motor Show 2013
HVAC Unit Adapted to Idling Stop Vehicle
The HAVC uses non-filler polypropylene, making it lighter and more compact. Installed Vehicle : Suzuki "MR Wagon"
Tokyo Motor Show 2013
PX Compressor
For Medium and Large passenger vehicles. Externally controlled variable type. Installed Vehicles ： Volkswagen "Golf", Volkswagen "Passat", Nissan "Skyline"
Tokyo Motor Show 2013
PX Compressor
For Medium and Large passenger vehicles. Externally controlled variable type. Installed Vehicles ： Volkswagen "Golf", Volkswagen "Passat", Nissan "Skyline"
Tokyo Motor Show 2013
SN Compressor
Tokyo Motor Show 2013
SN Compressor
China International Auto Products Expo 2010
Fixed displacement double-headed swash plate type compressor
China International Auto Products Expo 2010
Electric compressor