Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q2 FY2022 Earnings Presentation

25 slides from Taiyo Yuden's earnings presentation, Nov 5, 2021

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Second quarter for the year ending March 31, 2022 Katsuya Sase Chief of Management Planning Headquarters November 5, 2021 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary 2Q for the Year Ending March 2022

    Financial Summary 2Q for the Year Ending March 2022  Net sales were ¥88.8 billion. Sales increased 6% Q/Q, primarily for use in information equipment, such as notebook PCs, and IT infrastructure/industrial equipment, such as servers.  Operating income was ¥19.5 billion, up 29% Q/Q. The effect from

  3. Slide 3: 2Q – Consolidated Financial Results (Q/Q)

    2Q – Consolidated Financial Results (Q/Q) FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million 1Q 2Q Change Q/Q (01 Apr 2021 – 30 Jun 2021) (01 Jul 2021 – 30 Sep 2021) Net sales 83,836 100.0% 88,833 100.0% 4,996 6.0% Operating income 15,147 18.1% 19,508 22.0% 4,361 28.8% Ordinary income 15,174 18.1% 20,37

  4. Slide 4: 2Q – Factors behind Operating Income (Q/Q)

    2Q – Factors behind Operating Income (Q/Q) Operating income (2Q FYE Mar 2022) 19.5 Operating income (1Q FYE Mar 2022) 15.1 Effect from capacity utilization +5.5 Effect from cost Currency reductions fluctuations +0.2 +0.6 (0.4) Impact of (1.5) selling price Changes in fixed costs ©TAIYO YUDEN 2017 4

  5. Slide 5: 2Q – Financial Results by Product Classification (Q/Q)

    2Q – Financial Results by Product Classification (Q/Q) FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million Change Q/Q 1Q 2Q Capacitors 53,209 63.5% 59,035 66.5% 5,826 10.9% Inductors 11,386 13.6% 12,863 14.5% 1,477 13.0% Integrated modules & devices 13,977 16.7% 11,959 13.5% (2,018) (14.4)% Others 5,263

  6. Slide 6: 2Q – Financial Results by Product Classification (Q/Q)

    2Q – Financial Results by Product Classification (Q/Q) ■ Capacitors (+10.9% Q/Q) Sales increased for all applications, particularly for use in information equipment, such as notebook PCs, and IT infrastructure/industrial equipment, such as servers. ■ Inductors (13.0%Q/Q) Sales increased for all equi

  7. Slide 7: Sales by Market Sector

    Sales by Market Sector *Estimated by the Company ©TAIYO YUDEN 2017 7 Composition of sales classified by market sector was 16% for use in information equipment, such as notebook PCs and tablets, up 2 percentage point Q/Q. Meanwhile, sales for use in communication equipment, such as smartphones, were

  8. Slide 8: 1H – Consolidated Financial Results (Y/Y)

    1H – Consolidated Financial Results (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million 1H 1H Change Y/Y (01 Apr 2020 – 30 Sep 2020) (01 Apr 2021 – 30 Sep 2021) Net sales 140,222 100.0% 172,670 100.0% 32,447 23.1% Operating income 19,126 13.6% 34,655 20.1% 15,528 81.2% Ordinary income 18,183 13.0%

  9. Slide 9: 1H – Factors behind Operating Income (Y/Y)

    1H – Factors behind Operating Income (Y/Y) Operating income (1H FYE Mar 2022) 34.7 Effect from capacity utilization +28.7 Operating income (1H FYE Mar 2021) 19.1 Effect from cost Currency reductions fluctuations +1.8 +1.8 (2.1) Others (6.4) Impact of (8.2) selling price Changes in fixed costs ©TAIYO

  10. Slide 10: 1H – Financial Results by Product Classification (Y/Y)

    1H – Financial Results by Product Classification (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Y/Y 1H 1H Capacitors 92,672 66.1% 112,244 65.0% 19,572 21.1% Inductors 18,831 13.4% 24,250 14.0% 5,418 28.8% Integrated modules & devices 21,406 15.3% 25,936 15.0% 4,530 21.2% Others 7,312 5.

  11. Slide 11: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) ■ Capacitors (+21.1% Y/Y) Sales increased for all applications, particularly for use in automobiles. ■ Inductors (+28.8% Y/Y) Sales increased for use in information equipment, communication equipment, automobiles, and IT infrastructure/industrial equ

  12. Slide 12: Forecast of Consolidated Performance

    Forecast of Consolidated Performance for the year ending March 31, 2022 ©TAIYO YUDEN 2017

  13. Slide 13: Full-Year Forecast (compared with the previous forecast)

    Full-Year Forecast (compared with the previous forecast) FYE Mar 31, 2022 FYE Mar 31, 2022 Forecast as of Aug 5 Forecast as of Nov 5 ¥ in million 1H 2H Full year 1H 2H Full year Actual results Net sales 175,000 158,000 333,000 172,670 172,330 345,000 Operating income 33,000 22,000 55,000 34,655 29,3

  14. Slide 14: Full-Year Forecast (Y/Y)

    Full-Year Forecast (Y/Y) FYE Mar 31, 2022 ¥ in million FYE Mar 31, 2021 Change Y/Y Forecast as of Nov 5 Net sales 300,920 100.0% 345,000 100.0% 44,080 14.6% Operating income 40,766 13.5% 64,000 18.6% 23,234 57.0% Ordinary income 41,247 13.7% 64,000 18.6% 22,753 55.2% Net income attributable to owner

  15. Slide 15: Factors behind Operating Income in FYE March 2022

    Factors behind Operating Income in FYE March 2022 (¥ in billion) Operating income 80 (FYE Mar 2022) Forecast Effect from 64.0 60 capacity Operating income utilization (FYE Mar 2021) +47.7 40.8 40 20 Effect from cost Currency reductions fluctuations +3.5 +4.6 0 (2.1) Others (20) (15.6) (14.9) Impact

  16. Slide 16: Forecast by Product Classification (compared with the previous forecast)

    Forecast by Product Classification (compared with the previous forecast) FYE Mar 31, 2022 FYE Mar 31, 2022 Forecast as of Aug 5 Forecast as of Nov 5 ¥ in million 1H 2H Full year 1H 2H Full year Actual results Capacitors 114,500 107,000 221,500 112,244 116,256 228,500 Inductors 24,000 20,500 44,500 2

  17. Slide 17: Forecast of Consolidated Performance by Product Classification (Y/Y)

    Forecast of Consolidated Performance by Product Classification (Y/Y) FYE Mar 31, 2022 ¥ in million FYE Mar 31, 2021 Change Y/Y Forecast as of Nov 5 Capacitors 195,198 64.9% 228,500 66.2% 33,302 17.1% Inductors 41,564 13.8% 46,000 13.3% 4,436 10.7% Integrated modules & devices 46,930 15.6% 49,500 14.

  18. Slide 18: Return to Shareholders

    Return to Shareholders Dividend increase Forecast for full-year dividend revised from 60 yen → 80 yen Annual cash dividends per 20 20 21 26 40 80 share (yen) Net income per share (yen) 46.08 138.80 189.93 143.04 227.99 382.20 Aim to achieve a stable dividend payout ratio of 30% ©TAIYO YUDEN 2017 18

  19. Slide 19: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  20. Slide 20: Impact of COVID-19

    Impact of COVID-19 The impact on TAIYO YUDEN’s business activities is minor. Sales We are closely monitoring production trends at client companies Procurement and suppliers, and final demand for equipment, etc. There is still some impact, such as lengthening distribution lead Distribution times and

  21. Slide 21: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, FYE Mar 31, FYE Mar 31, ¥ in million 2020 2021 2022 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net sales 68,635 73,272 72,187 68,233 60,493 79,728 81,226 79,471 83,836 88,833 Capacitors 43,338 44,473 44,907 43,738 40,075 52,596 51,895 50,630 53,209 59,035 Indu

  22. Slide 22: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 22

  23. Slide 23: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) ■ Capacitors ■ Inductors ■ Integrated modules & devices ■ Others ©TAIYO YUDEN 2017 23

  24. Slide 24: 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

  25. Slide 25: ©TAIYO YUDEN 2017

    @TAIYO YUDEN 2017 TAIYO YUDEN

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