results of 2nd quarter for the year ending march 31, 2019 · 2020. 2. 4. · overview for progress...

1/18© 2018 Sanden Holdings Corporation

CONFIDENTIAL

Results of 2nd Quarter

for the Year Ending March 31, 2019

November 8, 2018

Kin-ei KandaRepresentative Director & President

Sanden Holdings Corporation

2/18

１６

© 2018 Sanden Holdings Corporation

CONFIDENTIAL

1. Results of 2nd Quarter


2. Earnings forecast


3. Recognition of results and future challenges

4. Efforts toward goal achievement

5. Dividend forecast

CONTENTS

１６


Results of 2nd Quarter


4/18


CONFIDENTIAL

Operating

IncomeSales

(100 Millions of Yen)

Ordinary

Income/Loss

Net Income/Loss

Attributable to

Owners of the Parent

1. Results of 2nd Quarter for the Year Ending March 31, 2019

～～

17/9

1,4151,375

18

1

26 24

(5)(12)

18/9 17/9 18/9 17/9 18/9 17/9 18/9

１６


Earnings forecast


6/18


CONFIDENTIAL

2. Earnings forecast for the Year Ending March 31, 2019

～～

2,9502,800

70

3040

520

RevisedPublished

70

Operating

IncomeSales

Ordinary

Income

RevisedPublished RevisedPublished RevisedPublished

(100 Millions of Yen)

Net Income/Loss

Attributable to

Owners of the Parent


7/18

Electric compressor

■ Automotive Systems

Business

■ Commercial Store

Systems Business

Micro market

Changes in business

environment

1) Innovative cost reduction

2) Reorganization of bases and

innovative production system

3) Management resources

optimization

Implement thorough in-house improvement

2018

Acquire new businessscale

Develop new market

3. Recognition of results and future challenges

１６


Efforts toward goal achievement

9/18


CONFIDENTIAL

‘Comprehensive Cost

Transformation’

to improve profitability

Material and parts

procurement transformation

Productivity innovation

Quality reforms

‘Asset Efficiency

Enhancement’

to strengthen the overall

financial structure

Selection & concentration of

investment

Reduction of working

capital

Liquidation of non-core

assets

‘Optimization of the Business Portfolio’

to create corporate value

‘Management System Reform’

to achieve sustainable growth

１

２

３

４

4 Key Initiatives


Overview for Progress of the Priority Measures of Mid-Term Plan

(extracted from briefing material FY2018)

(1) Innovative cost reductioni. PX compressor

Strengthening of the global manufacturing base

•Cost reduction of in-house parts

(key parts, new manufacturing methods)

•Optimization of global procurement

(competitive procurement for components from

oligopolistic suppliers)

• Improvement in productivity of assembly processes

•Global deployment of labor-saving production

(transfer Japanese model to European plants)

•Global procurement for clutch parts

•Development of next-generation clutches and optimize clutch

specification

ii. Clutch

10/18


CONFIDENTIAL

•Reorganization of the bases in Mexico

•Reorganization of the automotive air

conditioning related companies in China

(2) Productivity innovationi. Global management efficiency

ii. Strengthening manufacturing

•Reorganization of the bases in Europe for quick decision making

•Reorganization of the bases in Taiwan for quick decision making

•Response to Brexit (transfer HQ from UK to Germany)

iii. Lead as mother plant

Innovative manufacturing

factory•Smart factory

•Synchronization & Cleanliness


海外拠点へ

Global manufacturing structure

To overseas bases

Systemization

Automation

Information visualization


Transformation’


Material and parts



Quality reforms

‘Asset Efficiency

Enhancement’


financial structure


investment


capital


assets





１

２

３

４

4 Key Initiatives



11/18


CONFIDENTIAL

• Japan and other regions

•Allocate management resources to growing fields

(3) Optimization of management resources

i. Completion of withdrawal from the production of

Living & Environment Systems Business

ii. Reorganization of headquarters•Optimize allocation of experts

• 9 headquarters & 2 plants → 7 headquarters


ExpertsR&D, Prod. Control,

Procurement,

Accounting, etc.

SDHD Business

companies


Transformation’


Material and parts



Quality reforms

‘Asset Efficiency

Enhancement’


financial structure


investment


capital


assets





１

２

３

４

4 Key Initiatives

Technology

and Skill

Support

Office



12/18


CONFIDENTIAL

ElectrificationProduct Capabilities

New

Exi

stin

g

Existing New

Tech

no

log

ies

& P

rod

uct

s

Market Development

New Market

HVAC for construction

machine

Comp for gas heat pump

[Market Penetration]

CO2

compressor

[Product

Development]

Expander for

Rankine System

Lightweight

and compact

module

HVAC for passenger car

applications

PX

Intercooler

Heater core Evaporator

Heat Pump for EV

Electric

compressor - 48V

Gas cooler

■ Automotive Systems Business

Electric

compressor

Water heater

in 2015

New PX (EPX)


[Environment]

Cost Competitiveness

13/18


CONFIDENTIAL

■Electric compressor• Introduce production line to increase production capacity for

electric compressors at the mother plant

•New product launch of new electric compressor

•Acquire business of electric vehicle market

• Introduce water heater production line at the mother plant

■Heat pump (HP) system

•Develop HP market

•Concentrate production of key devices in Japan

•Produce evaporators for HP applications in China

Acquire

New Business


■Water heater

■ Automotive Systems Business

14/18


CONFIDENTIAL

DiversificationProduct

Capabilities[Product Development]

Lumilinna β

Wine saver

Vending

machineCVS CO2 Products Micro Market

Furusato Nozei

Vending machine

Coffee server

• Temperature-humidity

control system(±0.1℃)

• Freshness control system

[Temperature control

and automation]

Delivery locker

Cashless e-mesh

Medicine and Cosmetics

Show case

Restaurant

Industry

Freshness

Control Machine

Labor-saving

IC tag Smart storeFlexible Vending Machine

• Unmanned store

[IoT]

4. Efforts toward goal achievement ■ Commercial Store Systems Business

Existing NewNew Market

New

Exi

stin

gTe

chn

olo

gie

s &

Pro

du

cts

Market Development• CVS automation

[Strengthening of

Value Chain]

15/18


CONFIDENTIAL

Distribution

Logistics Centers

Food Processing

Plants

Production Commercial

Stores

Maintenance

■ Commercial Store Systems Business

New market

■ Unmanned or labor-saving

operation

•Smart store

•Micro market

•Unmanned store & goods

vending machines

New market

■ Safety of food and reducing food loss

• Overseas expansion of ‘cold chain’ business

New products

•Coffee server

•Wine saver …

•Develop IoT based service & maintenance business

Develop

New Market


Korea

Taiwan

CambodiaPhilippines

Malaysia

Thailand

Viet Nam

ASIA

１６


Dividend forecast

17/18


CONFIDENTIAL

5. Dividend forecast

End of fiscal year

Previous forecast(announced on May 9, 2018) 20.00 20.00

TotalEnd of 2QBase date

Revised forecast 0.00 0.00

Dividend per share (JPY)

Cautionary Note Regarding Outlook Statements

Forward-looking statements in this earnings release, such as forecast of results of operations, are based on the information currently

available and the certain assumptions that we regard as reasonable. Therefore, actual results may differ materially from those contained

in or suggested by any forward-looking statements.

results of 2nd quarter for the year ending march 31, 2019 · 2020. 2. 4. · overview for progress...

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