News

2021

IR NewsJun 04, 2021

Notice on Candidates of Directors and Candidates of Audit & Supervisory Board Members and Change (Retirement) of Representative Directors(PDF:159KB)PDF

Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) hereby announces the candidates of Directors and the candidates of Audit & Supervisory Board Members, the election of which will be proposed to the 95th ordinary general meeting of shareholders scheduled to be held on June 25, 2021, and the scheduled change (retirement) of the Company’s representative directors........

IR NewsMay 31, 2021

Completion of Payment for Issuance of New Shares through Third-Party Allotment and Withdrawal of Shelf Registration(PDF:180KB)PDF

As announced in the notice titled “Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders” dated March 1, 2021, the notice titled “(Update and Progress of a Disclosure Matter) Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders” dated March 19, 2021, and the notice titled “(Update and Progress of a Disclosure Matter) Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders” dated March 25, 2021, Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) resolved to issue new shares of common stock of the Company through third-party allotment (hereinafter referred to as the ‘Capital Increase through Third-Party Allotment’) to Hisense Japan Automotive Air-Conditioning Systems Corporation, which is a special purpose company incorporated by Hisense Home Appliances Group Co., Ltd. (hereinafter referred to as ‘Hisense Home Appliances Group’)........

IR NewsMay 31, 2021

Recording of Extraordinary Income pertaining to Gain from Debt Forgiveness(PDF:166KB)PDF

As announced in the notice titled “Notice on the Holding of the Re-Continuation Meeting for Creditors’ Meeting for Resolution on Business Revitalization Plan under Turnaround ADR Proceedings, Completion of Turnaround ADR Proceedings and Financial Support including Debt Forgiveness” dated May 7, 2021, Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) and certain of its subsidiaries (hereinafter collectively referred to as ‘Our Companies’) obtained the consent of financial institutions on the business revitalization plan (hereinafter referred to as the ‘Business Revitalization Plan’) including the debt forgiveness of 63,000 million yen in total (hereinafter referred to as the ‘Debt Forgiveness’), and the Turnaround ADR Proceedings were completed........

News ReleaseMay 31, 2021

Aiming Toward a Company That Leads Change in Thermal Management Technology

As stated in the ‘Notice Concerning Completion of Payment for Issuance of New Shares through Third-party Allotment and Withdrawal of Shelf Registration’ publicized today, Sanden Holdings Corporation (Representative Director & President: Katsuya Nishi; head office: Isesaki-shi, Gunma, Japan) (hereinafter referred to as ‘Sanden’) has conducted the issuance of new shares through third-party allotment following the completion of payment from Hisense Japan Automotive Air Conditioning Systems Limited Liability Company, a special-purpose company established by Hisense Home Appliances Group Co., Ltd. (hereinafter referred to as ‘Hisense Group’)......

News ReleaseMay 14, 2021

Ozone UFB water inactivates the novel coronavirus – Sanden develops Ozone UFB Water Supply System.(PDF:452KB)PDF

Sanden Holdings Corporation (Representative Director & President: Katsuya Nishi; head office: Isesaki-shi, Gunma, Japan) is steadily implementing the five reform plans that are the key strategies of its mid-term management plan SCOPE2023........

IR NewsMay 07, 2021

Notice on Tokyo Stock Exchange Inc.’s Approval of Restructuring Plan of Company and Commencement of Examination of Listed Market Capitalization of Company’s Stock(PDF:232KB)PDF

As stated in the notice titled “Notice on the Holding of the Re-Continuation Meeting for Creditors’ Meeting for Resolution on Business Revitalization Plan under Turnaround ADR Proceedings, Completion of Turnaround ADR Proceedings and Financial Support including Debt Forgiveness” disclosed as of today, Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) obtained the unanimous consent of all of the financial institutions, as the creditors, with respect to the business revitalization plan, which includes the provision of financial support mainly consisting of forgiveness of the Company’s debt (hereinafter referred to as the ‘Business Revitalization Plan’), at the re-continuation meeting for third creditors’ meeting (creditors’ meeting for resolution on a business revitalization plan) held today, and thus, the Turnaround ADR Proceedings have been completed........

IR NewsMay 07, 2021

Notice on Submission of “Business Revitalization Plan” to Tokyo Stock Exchange, Inc.(PDF:361KB)PDF

Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) and certain of its subsidiaries (hereinafter collectively referred to as ‘Our Companies’) have been striving for a business turnaround, through the specified certified dispute resolution proceedings under the Act on Strengthening Industrial Competitiveness (i.e., the Turnaround ADR Proceedings)........

IR NewsMay 07, 2021

Notice on the Holding of the Re-Continuation Meeting for Creditors’ Meeting for Resolution on Business Revitalization Plan under Turnaround ADR Proceedings, Completion of Turnaround ADR Proceedings and Financial Support including Debt Forgiveness(PDF:292KB)PDF

Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) and certain of its subsidiaries (hereinafter collectively referred to as ‘Our Companies’) have been striving for a business turnaround, through the specified certified dispute resolution proceedings under the Act on Strengthening Industrial Competitiveness (i.e., the Turnaround ADR Proceedings), and the Company hereby announces that the Turnaround ADR Proceedings were completed today........

IR NewsApr 27, 2021

Notice on the Holding of the Continuation Meeting for Third Creditors’ Meeting under Turnaround ADR Proceedings(PDF:220KB)PDF

We hereby announce an outline of the continuation meeting for third creditors’ meeting (creditors’ meeting for a resolution on the draft business revitalization plan) under the Turnaround ADR proceedings held today as follows........

IR NewsMar 25, 2021

(Update and Progress of a Disclosure Matter) Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders(PDF:160KB)PDF

As announced in the notice titled “Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders” dated March 1, 2021 and the notice titled “(Update and Progress of a Disclosure Matter) Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders” dated March 19, 2021, Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) resolved to issue new shares of common stock of the Company through third-party allotment (hereinafter referred to as the ‘Capital Increase through Third-Party Allotment’) to Hisense Japan Automotive Air-Conditioning Systems Corporation, which is a special purpose company incorporated by Hisense Home Appliances Group Co., Ltd. In connection with the Capital Increase through Third-Party Allotment, the Company hereby announces that it has passed a resolution at the board of directors meeting held today to change the date of its extraordinary general meeting of shareholders (hereinafter referred to as the ‘Extraordinary General Meeting of Shareholders’) from May 7, 2021 to May 27, 2021 and accordingly amend the date referred to as the date of its extraordinary general meeting of shareholders in the terms and conditions of the Capital Increase through Third-Party Allotment, to May 27, 2021 as well.........

IR NewsMar 25, 2021

(Update and Progress of a Disclosure Matter) Notice of Convocation of Extraordinary General Meeting of Shareholders and Setting of the Record Date for Extraordinary General Meeting of Shareholders(PDF:329KB)PDF

As announced in the notice titled “Notice of Convocation of Extraordinary General Meeting of Shareholders and Setting of the Record Date for Extraordinary General Meeting of Shareholders” dated March 1, 2021, Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) resolved to convene its extraordinary general meeting of shareholders (hereinafter referred to as the ‘Extraordinary General Meeting of Shareholders’), which was scheduled to be held on May 7, 2021 and set March 17, 2021 as the record date for the Extraordinary General Meeting of Shareholders. However, the Company hereby announces as follows that it has passed a resolution at the board of directors meeting held today to change the date of the Extraordinary General Meeting of Shareholders to May 27, 2021 and reset April 12, 2021 as the record date for the Extraordinary General Meeting of Shareholders.........

IR NewsMar 22, 2021

Notice on the Holding of the Third-Continuation Meeting for Second Creditors’ Meeting under Turnaround ADR Proceedings(PDF:234KB)PDF

We hereby announce an outline of the third-continuation second creditors’ meeting (creditors’ meeting for discussing the draft business revitalization plan) under the Turnaround ADR proceedings held today as follows:.........

IR NewsMar 19, 2021

(Update and Progress of a Disclosure Matter) Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders(PDF:387KB)PDF

In the notice titled “Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares, Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders” dated March 1, 2021, Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) announced that it would issue new shares of common stock of the Company through third-party allotment (hereinafter referred to as the ‘Capital Increase through Third-Party Allotment’) to a special purpose company (hereinafter referred to as the ‘Planned Allottee’) to be incorporated by Hisense Home Appliances Group Co., Ltd. (hereinafter referred to as ‘Hisense Home Appliances Group’). In connection with this, the Company hereby announces that the Planned Allottee was incorporated and the contractual status of Hisense Home Appliances Group under a share purchase agreement (hereinafter referred to as the ‘Share Purchase Agreement’) entered into between the Company and Hisense Home Appliances Group and all of its rights and obligations thereunder were transferred to the Planned Allottee as of March 19, 2021.........

IR NewsMar 12, 2021

Notice on the Holding of the Re-Continuation Meeting for Second Creditors’ Meeting under Turnaround ADR Proceedings(PDF:231KB)PDF

We hereby announce an outline of the re-continuation second creditors’ meeting (creditors’ meeting for discussing the draft business revitalization plan) under the Turnaround ADR proceedings held today as follows:.........

IR NewsMar 01, 2021

Issuance of New Shares through Third-Party Allotment and Shelf Registration in respect of Issuance of New Shares,Partial Amendment to the Articles of Incorporation and Expected Changes in Parent Company and Largest Shareholder among the Major Shareholders(PDF:589KB)PDF

Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) hereby announces that it has passed a resolution at the board of directors meeting held today for the matters set out in the items 1. and 2. below. The Company also announces that this transaction is expected to result in the change in the parent company and the largest shareholder among the major shareholders.........

IR NewsMar 01, 2021

Notice of Convocation of Extraordinary General Meeting of Shareholders and Setting of the Record Date for Extraordinary General Meeting of Shareholders(PDF:324KB)PDF

Sanden Holdings Corporation (hereinafter referred to as the ‘Company’) hereby announces as follows that it has passed a resolution at the board of directors meeting held today for the convocation of an extraordinary general meeting of shareholders to be held on May 7, 2021 (hereinafter referred to as the ‘Extraordinary General Meeting of Shareholders’) and setting of the record date for the Extraordinary General Meeting of Shareholders.........

News ReleaseMar 01, 2021

Signed a share underwriting agreement with Hisense Group - Promotion of integrated thermal management system through collaborative creation-

Sanden Holdings Co., Ltd. (Head office: Isesaki city, Gunma, Representative Director & President: Katsuya Nishi, hereinafter referred to as the “Company”) as of today, according to “Issuance of new shares through third-party allotment and registration for issuance of new shares, notice regarding partial amendment of articles of incorporation and change of parent company and largest shareholder”, signed a share underwriting agreement with Hisense Home Appliances Group Co., Ltd. at the board of directors meeting held today. The company has resolved to issue new shares through a third-party allotment to a special purpose company to be established (hereinafter referred to as the "third-party allotment")......

News ReleaseFeb 19, 2021

A COVID-19 PCR Positive Found at Yattajima Plant (Isesaki-shi, Gumma) of Sanden Holdings Corporation

Sanden Holdings Corporation (Representative Director and President: Katsuya Nishi; head office: Isesaki-shi, Gumma, Japan; hereinafter referred to as the ‘Company’) set up an emergency headquarters to prevent the spread of COVID-19 infection, and has been carrying out necessary measures......

News ReleaseJan 22, 2021

Received a letter of appreciation from the Ministry of Economy, Trade and Industry-Supporting medical supplies for Covid-19-

Sanden Holdings Corporation (Representative Director & President: Katsuya Nishi; head office: Isesaki-shi, Gunma, Japan) provided medical supplies in response to the government's request for pandemic of Covid-19 and people's lives. On December 21, 2020, we received a letter of appreciation from the Minister of Economy, Trade and Industry, Hiroshi Kajiyama for significant contribution......

News ReleaseJan 22, 2021

Covid-19 outbreak at our Global Center (Isesaki City, Gunma Prefecture)

Sanden Holdings Corporation (Representative Director & President: Katsuya Nishi; head office: Isesaki-shi, Gunma, Japan) established "Emergency Response Headquarters" implementing responses......

News ReleaseJan 06, 2021

Start of Mass Production of Electric Compressors on the Automated Production Line at the Global Mother Factory

Sanden Holdings Corporation (Representative Director & President: Katsuya Nishi; head office: Isesaki-shi, Gunma, Japan) is steadily implementing the five reform plans that are the key strategies of its mid-term management plan SCOPE2023......

News ReleaseJan 05, 2021

Drastic Cuts in Inventory Assets by Promoting Global SCM Project

Sanden Holdings Corporation (Representative Director & President: Katsuya Nishi; head office: Isesaki-shi, Gunma, Japan) is steadily implementing the five reform plans that are the key strategies of its mid-term management plan SCOPE2023......

News ReleaseJan 05, 2021

A COVID-19 PCR Positive Found at Yattajima Plant of Sanden Holdings Corporation

Sanden Holdings Corporation (Representative Director and President: Katsuya Nishi; head office: Isesaki-shi, Gumma, Japan; hereinafter referred to as the ‘Company’) set up an emergency headquarters to prevent the spread of COVID-19 infection, and has been carrying out necessary measures......