Taiyo Yuden Co., Ltd. · TSE:6976
Taiyo Yuden — Q3 FY2019 Earnings Presentation
19 slides from Taiyo Yuden's earnings presentation, Feb 8, 2019
Slide 1: Consolidated Financial Results
Consolidated Financial Results Third quarter for the year ending March 31, 2019 Shinji Masuyama Chief of Management Planning Headquarters February 8, 2019 ©TAIYO YUDEN 2017
Slide 2: Financial Summary 3Q for the Year Ending March 2019
Financial Summary 3Q for the Year Ending March 2019 Net sales were 74.0 billion yen. While sales for use in smartphones in China declined, sales for use in automobiles and industrial equipment continued to increase. Operating income was 11.8 billion yen, up 35% Q/Q, mainly due to selling price a
Slide 3: Consolidated Financial Results (Q/Q)
Consolidated Financial Results (Q/Q) FYE Mar 31, 2019 ¥ in million Change Q/Q 2Q 3Q Net sales 73,989 100.0% 73,963 100.0% (26) (0.0)% Operating income 8,722 11.8% 11,789 15.9% 3,067 35.2% Ordinary income 8,489 11.5% 11,403 15.4% 2,914 34.3% Net income attributable to owners of parent company 5,334 7
Slide 4: Factors driving Operating Income (Q/Q)
Factors driving Operating Income (Q/Q) Operating income (¥ in billion) (3Q FYE Mar 2019) 11.8 12 Operating income 10 (2Q FYE Mar 2019) 8.7 8 6 Impact of 4 selling price +2.4 Effect from Effect from Currency 2 capacity cost fluctuations utilization reductions +0.8 +0.2 +0.2 0 (0.5) Changes in (2) fix
Slide 5: Financial Results by Product Classification (Q/Q)
Financial Results by Product Classification (Q/Q) FYE Mar 31, 2019 ¥ in million Change Q/Q 2Q 3Q Capacitors 43,984 59.4% 47,362 64.0% 3,378 7.7% Ferrite and applied products 11,926 16.1% 11,209 15.2% (716) (6.0)% Integrated modules & devices 13,160 17.8% 10,783 14.6% (2,377) (18.1)% Others 4,918 6.6
Slide 6: Financial Results by Product Classification (Q/Q)
Financial Results by Product Classification (Q/Q) (¥ in billion) 80 74.0 74.0 ■ Capacitors （+8%） 4.9 4.6 Sales for use in automobiles, industrial equipment (such as communication base 13.2 10.8 60 stations and servers), and information equipment increased. 11.2 11.9 ■ Ferrite and applied products （(
Slide 7: Sales of Electronic Components by Market Sector
Sales of Electronic Components by Market Sector 1% 2% 2% 1% 1% 100% 11% 11% 12% 13% 12% Others 80% 14% 14% 13% 14% 14% Consumer products 60% 29% Information 36% 34% 35% equipment 39% Automobiles/ industrial equipment 40% Communication equipment 45% 20% 37% 38% 38% 34% 0% 18/3 18/3 19/3 19/3 19/3 *Es
Slide 8: Forecast of Consolidated Performance
Forecast of Consolidated Performance FYE Mar 31, FYE Mar 31, 2018 2019 ¥ in million Change Results Forecast [as of Nov 9, 2018] Net sales 244,117 271,000 26,883 11.0% Operating income 20,221 30,000 9,779 48.4% Ordinary income 20,553 30,000 9,447 46.0% Net income attributable to owners of parent comp
Slide 9: Return of Profit to Shareholders
Return of Profit to Shareholders Purchase of Dividend increase treasury stock Forecast for year-end dividend Purchase of treasury stock revised from 10 yen→11 yen up to 3.0 billion yen (Full-year dividend: 20 yen→21 yen) (¥ in billion) 6 60% 5 50% Amount of treasury stock purchases 4 40% 3 30% Total
Slide 10: Supplementary Information
Supplementary Information ©TAIYO YUDEN 2017
Slide 11: Consolidated Financial Results (Y/Y)
Consolidated Fincial Results (Y/Y) FYE Mar 31, 2018 FYE Mar 31, 2019 ¥ in million Change Y/Y 3Q 3Q Net sales 66,053 100.0% 73,963 100.0% 7,909 12.0% Operating income 6,985 10.6% 11,789 15.9% 4,804 68.8% Ordinary income 6,596 10.0% 11,403 15.4% 4,807 72.9% Net income attributable to owners of parent
Slide 12: Factors driving Operating Income (Y/Y)
Factors driving Operating Income (Y/Y) Operating income (¥ in billion) (3Q FYE Mar 2019) 12 11.8 9 Operating income (3Q FYE Mar 2018) 7.0 Effect from 6 capacity utilization +4.5 Impact of 3 selling price Effect from +1.6 cost reductions Currency fluctuations +0.6 +0.2 0 (2.1) (3) Changes in *Exclude
Slide 13: Financial Results by Product Classification (Y/Y)
Financial Results by Product Classification (Y/Y) FYE Mar 31, 2018 FYE Mar 31, 2019 ¥ in million Change Y/Y 3Q 3Q Capacitors 38,800 58.7% 47,362 64.0% 8,562 22.1% Ferrite and applied products 11,746 17.8% 11,209 15.2% (537) (4.6)% Integrated modules & devices 14,533 22.0% 10,783 14.6% (3,750) (25.8)
Slide 14: Financial Results by Product Classification (Y/Y)
Financial Results by Product Classification (Y/Y) (¥ in billion) ■ Capacitors （+22%） 80 Sales for use in automobiles, industrial 74.0 4.6 equipment (such as communication base 66.1 stations and servers), and information 10 10.8 equipment increased. 60 14.5 11.2 ■ Ferrite and applied products （(5)%）
Slide 15: Consolidated Earnings Trends (Quarterly)
Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2017 FYE Mar 31, 2018 FYE Mar 31, 2019 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Net sales 53,471 59,561 60,185 57,498 54,072 64,107 66,053 59,883 59,576 73,989 73,963 Capacitors 26,963 30,120 30,580 30,002 29,747 37,019 38,800 37,290 36,184 4
Slide 16: Consolidated Earnings Trends (Quarterly)
Consolidated Earnings Trends (Quarterly) (¥ in billion) 80 Others 60 Integrated modules & 40 devices Ferrite and applied 20 products Capacitors 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 17/3 18/3 19/3 (¥ in billion) 12.5 20% 10.0 16% Operating 7.5 12% income 5.0 8% Operating margin 2.5 4% 0.0 0% 1Q 2Q 3Q 4
Slide 17: Orders Received and Order Backlog Trends (Quarterly)
Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) Orders received Order backlog 80 60 58.5 4.6 54.5 2.5 9.1 6.8 6.2 40 8.7 20 39.0 36.1 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 17/3 18/3 19/3 17/3 18/3 19/3 ■ Capacitors ■ Ferrite and applied products ■ In
Slide 18: Forward-looking statements
Forward-looking statements This document contains information about the plans, business results, and strategies of TAIYO YUDEN CO., LTD. and the TAIYO YUDEN Group. These forward-looking statements other than historical facts represent judgments made by the Company based on information available at p
Slide 19: ©TAIYO YUDEN 2017
©TAIYO YUDEN 2017 TAIYO YUDEN