SANDEN HOLDINGS CORP (JP:6444)
:6444
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SANDEN HOLDINGS
(6444)
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Rating:48Neutral
Price Target:
¥171.00
▲(17.93% Upside)
Action:ReiteratedDate:02/28/26
The score is held down mainly by pressured fundamentals—high leverage and persistently negative free cash flow—despite improving revenue and a return to slight profitability. Strong technical momentum supports the stock in the near term, but valuation is a headwind due to the very high P/E and lack of dividend yield data.
Positive Factors
Revenue Growth Trend
SANDEN's consistent revenue increase from 2022–2025 signals durable underlying demand and scale in its core businesses. Steady top-line growth supports long-term operational leverage, strengthens customer relationships with OEM programs, and provides a base for margin recovery over the next several quarters.
Negative Factors
High Leverage
Very high leverage (D/E ~3.16x) materially raises refinancing and liquidity risk in a cyclical auto-parts sector. Elevated debt constrains capital allocation, limits ability to fund capex or R&D internally, and makes the company more sensitive to demand shocks or interest-rate changes over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
SANDEN's consistent revenue increase from 2022–2025 signals durable underlying demand and scale in its core businesses. Steady top-line growth supports long-term operational leverage, strengthens customer relationships with OEM programs, and provides a base for margin recovery over the next several quarters.
Read all positive factors
SANDEN HOLDINGS (6444) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.59B
Dividend YieldN/A
Average Volume (3M)97.61K
Price to Earnings (P/E)1.1
Beta (1Y)0.92
Revenue Growth3.82%
EPS GrowthN/A
CountryJP
Employees5,344
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)-40.84
Shares Outstanding112,193,310
10 Day Avg. Volume135,630
30 Day Avg. Volume97,606
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.56
Price to Sales (P/S)0.08
P/FCF Ratio-2.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SANDEN HOLDINGS Business Overview & Revenue Model
Company Description
Sanden Corporation, together with its subsidiaries, manufactures and sells automotive equipment systems in Japan and internationally. It offers automotive air-conditioning systems, including system products, condensers, evaporators, heater cores, ...
How the Company Makes Money
SANDEN HOLDINGS makes money mainly by selling products and solutions through its operating subsidiaries. Its core revenue stream is the automotive business, where it earns revenue from supplying automotive air-conditioning systems and components (...
SANDEN HOLDINGS Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 183.37B | 190.88B | 183.85B | 179.28B | 175.68B | 159.45B |
| Gross Profit | 26.95B | 28.20B | 25.46B | 20.44B | 20.39B | 13.06B |
| EBITDA | 1.84B | 5.54B | -541.00M | -6.08B | -1.75B | -11.78B |
| Net Income | -4.55B | 274.00M | -777.00M | -3.36B | -1.61B | 21.18B |
Balance Sheet | ||||||
| Total Assets | 176.45B | 185.63B | 175.46B | 162.54B | 157.43B | 151.19B |
| Cash, Cash Equivalents and Short-Term Investments | 16.67B | 18.13B | 17.89B | 22.75B | 18.62B | 27.54B |
| Total Debt | 79.26B | 81.70B | 73.37B | 62.13B | 55.33B | 48.59B |
| Total Liabilities | 158.01B | 157.50B | 151.87B | 141.70B | 134.06B | 127.35B |
| Stockholders Equity | 17.42B | 26.71B | 22.63B | 20.19B | 22.48B | 22.90B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -6.67B | -14.00B | -1.85B | -16.03B | -12.87B |
| Operating Cash Flow | 0.00 | 2.67B | -4.46B | 9.37B | -10.13B | -7.41B |
| Investing Cash Flow | 0.00 | -6.47B | -12.79B | -11.60B | -4.49B | -5.21B |
| Financing Cash Flow | 0.00 | 5.02B | 9.48B | 5.79B | 5.08B | 19.73B |
SANDEN HOLDINGS Technical Analysis
Positive
145.00
Price Trends
162.42
Positive
147.70
Positive
145.07
Positive
Market Momentum
5.57
Negative
55.82
Neutral
66.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6444, the sentiment is Positive. The current price of 145 is below the 20-day moving average (MA) of 163.15, below the 50-day MA of 162.42, and below the 200-day MA of 145.07, indicating a bullish trend. The MACD of 5.57 indicates Negative momentum. The RSI at 55.82 is Neutral, neither overbought nor oversold. The STOCH value of 66.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6444.
SANDEN HOLDINGS Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥386.67B | 16.57 | 8.36% | 2.71% | 2.88% | 213.02% | |
74 Outperform | ¥531.09B | 6.74 | 8.58% | 2.62% | 8.21% | 72.79% | |
70 Outperform | ¥51.40B | 14.59 | ― | 0.99% | 0.29% | -38.51% | |
68 Neutral | ¥5.22T | 7.75 | 6.98% | 2.98% | 5.28% | 12.66% | |
60 Neutral | ¥1.79T | 6.16 | 8.34% | 2.03% | 4.53% | 65.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ¥19.59B | 1.08 | -20.61% | ― | 3.82% | ― |
* General Sector Average
JP:6444
SANDEN HOLDINGS
175.00
51.00
41.13%
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SANDEN HOLDINGS Corporate Events
Sanden Increases Authorized Share Capital to Enable Future Equity Issuance
Mar 31, 2026
Sanden Corporation has secured shareholder approval to partially amend its Articles of Incorporation by increasing the total number of authorized shares from 112,200,000 to 113,450,000. The change, which took effect on March 31, 2026, is intended ...
Sanden Wins Shareholder Approval for Performance-Linked Share Plan
Mar 31, 2026
Sanden Corporation has secured shareholder approval at its 100th Ordinary General Shareholders Meeting to introduce a performance-linked restricted share compensation plan for directors, excluding outside directors. The scheme is designed to tie d...
Sanden Revamps Management and Officer Lineup After 100th Shareholders’ Meeting
Mar 31, 2026
Sanden Corporation has overhauled its management structure following decisions taken at its 100th Ordinary General Meeting of Shareholders and the subsequent Board of Directors meeting on March 31, 2026. The company appointed Xu Zhan as representa...
Sanden Completes Director-Targeted Third-Party Share Allotment Worth ¥82.5 Million
Mar 23, 2026
Sanden Corporation has completed payment for a previously announced third-party allotment of new shares, marking the formal issuance of 500,000 shares of common stock. The allotment, priced at JPY 165 per share, raises total proceeds of JPY 82.5 m...
Sanden Sets Terms for Director-Focused Third-Party Share Allotment
Feb 24, 2026
Sanden Corporation has set the terms for a third-party allotment of 500,000 new common shares, all to be issued to three company directors at an issue price of JPY 165 per share. The offering, scheduled for payment on March 23, 2026, will raise gr...
Sanden to Issue New Shares to Directors to Tighten Alignment With Shareholders
Feb 13, 2026
Sanden Corporation’s board has approved a third-party allotment of up to 500,000 new common shares, primarily to three company directors, with an expected proceeds ceiling of ¥71.5 million based on a provisional issue price that will be...
Sanden to Introduce Performance-Linked Restricted Share Plan for Directors
Feb 13, 2026
Sanden Corporation will propose a new performance-linked restricted share compensation plan for certain internal directors at its March 31, 2026 shareholders’ meeting, aiming to more closely align executive pay with corporate performance and...
Sanden Auditor Resigns as Company Taps Hisense Executive to Bolster Governance
Feb 13, 2026
Sanden Corporation announced that auditor Jiahui Sun will resign effective March 30, 2026, due to personnel changes within the Hisense Group that position her as a candidate for director at the company. To fill the impending vacancy, the board res...
Sanden Overhauls Board, Streamlines Leadership Ahead of 100th Shareholders Meeting
Feb 13, 2026
Sanden Corporation has proposed a new slate of eight directors, including the reappointment of President and Representative Director Xu Zhan and several new internal and outside directors, for approval at its 100th Annual General Meeting of Shareh...
Sanden Plans Charter Change to Boost Authorized Share Capital
Feb 13, 2026
Sanden Corporation’s board has approved a proposal to partially amend its Articles of Incorporation by increasing the total number of shares authorized to be issued from 112,200,000 to 113,450,000 shares. The change, subject to shareholder a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.