Shareholders and Investors
We will respond to the trust and expectations of our shareholders and investors by expanding the Sanden Group, enhancing our corporate value and making our management more transparent.
Fundamental Approach to Shareholders and Investors
To promote the long-term support of shareholders and investors, the Sanden Group considers it important to provide them with beneficial information for facilitating investment judgements. We are endeavoring to communicate actively with shareholders and investors to respond to their engagement and enhance dialogue from an ESG perspective.
Relationships with Shareholders
Shareholder Returns
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.
Under the Mid-Term Management Plan "SHIFT2028" announced in February 2024, we are now working to achieve
further growth and strengthen business operations. In light of these circumstances, there was no year-end
dividend for 2023.
For the fiscal period ending in December 2024, 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 and accelerating activities toward the realization of the
Mid-Term Management Plan.
Information Disclosure
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. By enriching the information, we disclose and ensuring an accurate understanding of Sanden’s Management Strategy, we aim to gain the trust and appropriate evaluation from all our shareholders and investors.
Communication with 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, through telephone and web conferences. We are working to continue to expand our communication efforts including creating communication opportunities at plants as part of our goal to meet the expectations and gain the further trust of our shareholders and investors.
Total Shares Issued and Composition of Shareholder Base
As of December 31, 2023, Sanden Corporation had a total of 111,693,313 shares issued and outstanding. The total number of stock trading units (with 100 shares each) was 1,116,216 and the total number of shareholders was 11,522.