SANDEN CORPORATION Lowers Consolidated Full-year Outlook for FY 2012

SANDEN CORPORATION announced that it has lowered the consolidated full-year outlook for revenue from JPY 230,000 million to JPY 217,000 million, operating profit from JPY 6,000 million to JPY 2,500 million, ordinary profit from JPY 7,500 million to JPY 3,500 million, net profit from JPY 6,500 million to JPY 3,000 million and earning per share from JPY 47.69 to JPY 22.01 for the fiscal year ending March 31, 2012. The negative outlook is mainly due to the impact of flood occurred in Thailand, and high exchange rate. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 230.00 billion, operating profit of JPY 5.00 billion and net income of JPY 6.50 billion.