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SANDEN HOLDINGS
(6444)
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Rating:50Neutral
Price Target:
¥187.00
▼(-6.03% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weak financial quality—high leverage, continued operating losses, and consistently negative free cash flow—despite steady revenue growth and a return to slight net profitability in 2025. Technicals are moderately positive with price above major moving averages and supportive momentum indicators. Valuation appears relatively low (P/E ~8.8), but the lack of dividend yield data limits additional valuation support.
Positive Factors
Steady Revenue Growth
The steady increase in revenue over several years indicates improving demand and business scale rather than reliance on a single short-term event. Continued top-line expansion can support operating leverage, strengthen customer relationships, and provide a broader base for future profitability improvements.
Negative Factors
Persistent Operating Losses
Continued operating losses show that revenue growth has not yet translated into dependable core profitability. A barely positive net margin leaves little buffer against weaker vehicle production or cost pressure, and sustained improvement will require stronger operating efficiency rather than merely higher sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
The steady increase in revenue over several years indicates improving demand and business scale rather than reliance on a single short-term event. Continued top-line expansion can support operating leverage, strengthen customer relationships, and provide a broader base for future profitability improvements.
Read all positive factors
SANDEN HOLDINGS (6444) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥21.07B
Dividend Yield2.51%
Average Volume (3M)142.73K
Price to Earnings (P/E)4.3
Beta (1Y)1.16
Revenue Growth12.18%
EPS GrowthN/A
CountryJP
Employees4,791
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)18.63
Shares Outstanding112,933,310
10 Day Avg. Volume82,660
30 Day Avg. Volume142,730
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
Operating internationally through its various subsidiaries, Sanden Corporation focuses on the production and distribution of automotive equipment systems. Their comprehensive range of automotive air-conditioning solutions encompasses full system u...
How the Company Makes Money
SANDEN HOLDINGS makes money primarily by designing, manufacturing, and selling automotive thermal-management products to vehicle manufacturers and automotive parts customers. Its core revenue stream historically comes from automotive air-condition...
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 | 197.20B | 190.88B | 183.85B | 179.28B | 175.68B | 159.45B |
| Gross Profit | 29.63B | 28.20B | 25.46B | 20.44B | 20.39B | 13.06B |
| EBITDA | 13.10B | 10.64B | 7.81B | 2.17B | 4.99B | 32.68B |
| Net Income | 2.08B | 274.00M | -777.00M | -3.36B | -1.61B | 21.18B |
Balance Sheet | ||||||
| Total Assets | 189.39B | 185.63B | 175.46B | 162.54B | 157.43B | 151.19B |
| Cash, Cash Equivalents and Short-Term Investments | 16.38B | 18.13B | 17.89B | 22.75B | 18.62B | 27.54B |
| Total Debt | 83.68B | 81.70B | 73.37B | 62.13B | 55.33B | 48.59B |
| Total Liabilities | 159.14B | 157.50B | 151.87B | 141.70B | 134.06B | 127.35B |
| Stockholders Equity | 28.89B | 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
Neutral
199.00
Price Trends
173.44
Positive
169.08
Positive
157.29
Positive
Market Momentum
4.92
Positive
51.52
Neutral
22.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6444, the sentiment is Neutral. The current price of 199 is above the 20-day moving average (MA) of 192.65, above the 50-day MA of 173.44, and above the 200-day MA of 157.29, indicating a neutral trend. The MACD of 4.92 indicates Positive momentum. The RSI at 51.52 is Neutral, neither overbought nor oversold. The STOCH value of 22.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
88 Outperform | ¥453.15B | 9.61 | 9.03% | 4.14% | 8.19% | 229.76% | |
78 Outperform | ¥632.20B | 9.96 | 11.56% | 3.42% | 12.73% | 81.53% | |
71 Outperform | ¥5.28T | 11.95 | 8.29% | 3.80% | 7.51% | 13.94% | |
70 Outperform | ¥59.47B | 5.25 | ― | 2.33% | 2.52% | -4.94% | |
63 Neutral | ¥1.62T | 10.01 | 7.73% | 3.45% | 5.69% | 27.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥21.07B | 4.26 | 18.48% | 2.51% | 12.18% | ― |
* General Sector Average
JP:6444
SANDEN HOLDINGS
190.00
30.00
18.75%
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SANDEN HOLDINGS Corporate Events
Sanden Revises Details of Third-Party Share Allotment for Employee Incentive Plan
Aug 26, 2026
Sanden Corporation has issued a partial correction to its previously announced plan to issue new shares through a third-party allotment resolved on August 7, 2026. The total number of new shares, issue price and expected proceeds remain unchanged,...
Sanden Sets Terms for Employee-Focused Third-Party Share Allotment
Aug 26, 2026
Sanden Corporation has set the terms for a third-party allotment of 510,000 new common shares, all to be allocated to 29 domestic employees and four employees of overseas subsidiaries. The issue price has been fixed at JPY 197 per share, generatin...
Sanden Monetizes Akagi Plant via ¥8 Billion Sale-and-Leaseback to Strengthen Finances
Aug 17, 2026
Sanden Corporation has executed a purchase and sale agreement to transfer its Sanden Forest / Akagi Plant in Gunma Prefecture for ¥8.0 billion, realizing an expected extraordinary gain on the sale of non-current assets in the fiscal year endi...
Sanden to Issue New Shares for Employee Stock Compensation and Governance Alignment
Aug 7, 2026
Sanden Corporation has approved the issuance of up to 510,000 new common shares via a third-party allotment to 33 employees, with an estimated maximum proceeds amount of ¥84.15 million, and a final issue price to be set around late August bas...
Sanden to Sell and Lease Back Akagi Plant Real Estate to Bolster Finances
Aug 7, 2026
Sanden Corporation has approved the transfer of its Sanden Forest / Akagi Plant real estate in Maebashi City, Gunma Prefecture, as part of a purchase and sale agreement to optimize asset efficiency and strengthen its financial position. The compan...
Sanden Completes Third-Party Allotment of 740,000 New Shares to Executives and Employees
Jun 25, 2026
Sanden Corporation has completed payment for a third-party allotment of 740,000 new common shares, approved by its board in mid-May and fully paid on June 25, 2026. The shares were issued at JPY 178 each, raising total proceeds of JPY 131.72 milli...
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.