Shareholders and Investors

Distributing earnings to shareholders is one of the highest priorities of Sanden Corporation. Based on our policy of making earnings distributions in accordance with consolidated results of operations, our goal is to pay a stable and consistent dividend.
However, there will be no year-end dividend for 2022 because we are currently implementing business revitalization activities based on the business revitalization ADR procedure.
For the fiscal period ending in December 2023, there is no plan to pay a dividend because the business climate is likely to remain challenging.
We will continue to make utmost efforts to resume dividend payments quickly by benefiting as much as possible from synergies with Hisense Group in order to accelerate activities for the revitalization of business operations.

Based on fair disclosure rules, we disclose information to all our shareholders and investors. Also, to ensure Sanden’s status is well understood, we issue quarterly financial reports in both Japanese and English along with Corporate Principles, Management Strategy, and Mid-term Management Plan and outline them on the Sanden website and in securities reports. For the second quarter and fourth quarter reports we conduct financial briefings for financial institutions and institutional investors. All this material in both Japanese and English is posted on the Sanden website. In our efforts to ensure an accurate understanding of Sanden’s Management Strategy, we aim to gain the trust and appropriate evaluation from all our shareholders and investors.

Based on the objectives of the corporate governance code, we are working to deepen communication and strengthen our relationship of trust with shareholders and investors, including through small meetings for shareholders and institutional investors held throughout the year, which allow us to provide a clear explanation of our business strategies, as well as our Corporate Mid-term Plan and our progress in achieving the targets within that plan. We also believe the meetings further facilitate the frank exchange of ideas and opinions. The Sanden Group is committed to providing more timely communications with overseas investors and shareholders, and has accordingly been holding more conference calls. We are working to continue to expand our communication efforts as part of our goal to meet the expectations and gain the further trust of our shareholders and investors.