TOKYO, Mar 31 (Pulse News Wire) – Sanden Corporation (6444.T) disclosed its major shareholders and related party transactions for the fiscal year ending March 31, 2026. The company's largest shareholder, Hisense Group Holdings Co., Ltd., holds a direct equity stake of 73.2%.
Additionally, Hisense Group Holdings owns Hisense Automotive Development Limited, which in turn owns Hisense Automotive Air Conditioning Systems Co., Ltd., holding stakes of 73.2% and 14.8%, respectively. In the fiscal year 2025, Sanden reported significant transactions with its parent companies, primarily involving loan agreements and guarantees. Notably, Sanden borrowed HKD ¥73.2 million from Hisense Automotive Development Limited, with interest payments totaling HKD ¥27 million.
Furthermore, Sanden guaranteed debt worth HKD ¥192 million to Hisense Group Holdings, securing assets valued at HKD ¥13 billion. To protect minority shareholders, Sanden established a special committee on May 31, 2021, tasked with monitoring key transactions between the company and controlling shareholders. The committee ensures fair and reasonable conditions for such transactions, aligning with general market standards and preventing undue harm to minority interests.
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