Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q1 FY2021 Earnings Presentation

24 slides from Taiyo Yuden's earnings presentation, Aug 7, 2020

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results First quarter for the year ending March 31, 2021 Katsuya Sase Chief of Management Planning Headquarters August 7, 2020 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary 1Q for the Year Ending March 2021

    Financial Summary 1Q for the Year Ending March 2021  Net sales were ¥60.5 billion, which is largely in line with the forecast as of May.  Operating income was ¥7.9 billion. This exceeded the forecast as of May due to such factors as control of fixed costs, the impact of exchange rates, and the eff

  3. Slide 3: Impact of COVID-19

    Impact of COVID-19 We are closely monitoring production trends at client companies Sales and final demand for equipment, etc. There are some problems with procurement from suppliers, but Procurement we are resolving this by changing procurement channels and utilizing current inventory, etc. The decr

  4. Slide 4: Consolidated Financial Results (Q/Q)

    Consolidated Financial Results (Q/Q) FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million 4Q 1Q Change Q/Q (01 Jan 2020 –31 Mar 2020) (01 Apr 2020 –30 Jun 2020) Net sales 68,233 100.0% 60,493 100.0% (7,740) (11.3)% Operating income 7,431 10.9% 7,923 13.1% 492 6.6% Ordinary income 6,835 10.0% 7,371 12.2% 5

  5. Slide 5: Factors driving Operating Income (Q/Q)

    Factors driving Operating Income (Q/Q) Operating income Operating income (1Q FYE Mar 2021) (4Q FYE Mar 2020) 7.9 7.4 Changes Others Effect from in cost 1.2 fixed costs reductions 0.2 0.3 (0.4) (0.1) Selling (0.7) Currency Effect from fluctuations price reductions capacity utilization ©TAIYO YUDEN 20

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

    Financial Results by Product Classification (Q/Q) FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million Change Q/Q 4Q 1Q Capacitors 43,738 64.1% 40,075 66.2% (3,663) (8.4)% Ferrite and applied 9,090 13.3% 7,928 13.1% (1,161) (12.8)% products Integrated modules & 11,226 16.5% 9,075 15.0% (2,150) (19.2)% dev

  7. Slide 7: Financial Results by Product Classification (Q/Q)

    Financial Results by Product Classification (Q/Q) ■ Capacitors (8.4)% Q/Q Although sales for use in information equipment such as notebook PCs and tablets increased, sales for use in consumer products, such as televisions, communication equipment, such as smartphones, and automobiles decreased. ■ Fe

  8. Slide 8: Sales by Market Sector

    Sales by Market Sector *Estimated by the Company ©TAIYO YUDEN 2017 8 Composition of sales classified by market sector is 16% for use in information equipment, up 3 percentage points Q/Q. Demand for notebook PCs and tablets increased due to the expansion in remote working and online learning. Sales f

  9. Slide 9: Forecast of Consolidated Performance

    Forecast of Consolidated Performance for the year ending March 31, 2021 ©TAIYO YUDEN 2017

  10. Slide 10: Assumptions for FYE March 31, 2021 Forecast

    Assumptions for FYE March 31, 2021 Forecast  Principal equipment trends • Production forecasts FYE Mar. 31, 2021 Change Y/Y PCs and tablets (5)% Smartphones (12)% Automobiles (25)% • There will be seasonal demand for electronic components for use in smartphones in 2Q to 3Q. Demand for products for

  11. Slide 11: Full-Year Forecast

    Full-Year Forecast FYE Mar 31, 2021 ¥ in million FYE Mar 31, 2020 Change 1H Forecast Net sales 282,329 100.0% 130,000 265,000 100.0% (17,329) (6.1)% Operating income 37,176 13.2% 15,000 27,000 10.2% (10,176) (27.4)% Ordinary income 35,165 12.5% 14,000 26,000 9.8% (9,165) (26.1)% Net income attributa

  12. Slide 12: Factors behind Operating Income in FYE March 2021

    Factors behind Operating Income in FYE March 2021 Operating income (FYE Mar 2020) 37.2 Operating income (FYE Mar 2021) Forecast 27.0 Effect from capacity utilization 18.8 Effect from cost reductions Others 3.0 2.0 (2.3) Currency (8.3) fluctuations Changes in fixed costs (23.4) Selling price reductio

  13. Slide 13: Full-Year Forecast by Product Classification

    Full-Year Forecast by Product Classification FYE Mar 31, 2021 ¥ in million FYE Mar 31, 2020 Change 1H Forecast Capacitors 176,457 62.5% 87,500 179,000 67.5% 2,543 1.4% Ferrite and applied 38,770 13.7% 17,500 36,500 13.8% (2,270) (5.9)% products Integrated modules & 49,808 17.6% 18,000 35,500 13.4% (

  14. Slide 14: Return to Shareholders

    Return to Shareholders Annual cash dividends per 15 20 20 21 26 30 share (yen) Net income per share (yen) 125.27 46.08 138.80 189.93 143.04 135.46 Aim to achieve a stable total return ratio of 30% ©TAIYO YUDEN 2017 14 As in the initial announcement, we plan to pay an annual dividend of 30 yen in fis

  15. Slide 15: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  16. Slide 16: Consolidated Financial Results (Y/Y)

    Consolidated Financial Results (Y/Y) FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million Change Y/Y 1Q 1Q Net sales 68,635 100.0% 60,493 100.0% (8,142) (11.9)% Operating income 9,595 14.0% 7,923 13.1% (1,672) (17.4)% Ordinary income 8,846 12.9% 7,371 12.2% (1,474) (16.7)% Net income attributable to owner

  17. Slide 17: Factors behind Operating Income (Y/Y)

    Factors behind Operating Income (Y/Y) Operating income (1Q FYE Mar 2020) 9.6 Operating income (1Q FYE Mar 2021) 7.9 Effect from capacity utilization 2.9 Effect from cost Others reductions 1.2 0.7 (0.5) (0.5) Changes Currency in fluctuations fixed costs (5.5) Selling price reductions ©TAIYO YUDEN 201

  18. Slide 18: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million Change Y/Y 1Q 1Q Capacitors 43,338 63.1% 40,075 66.2% (3,263) (7.5)% Ferrite and applied 8,633 12.6% 7,928 13.1% (705) (8.2)% products Integrated modules & 12,523 18.2% 9,075 15.0% (3,448) (27.5)% device

  19. Slide 19: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) ■ Capacitors (7.5)% Y/Y Although sales for use in IT infrastructure/industrial equipment increased, sales for use in consumer products and automobiles decreased. ■ Ferrite and applied products (8.2)% Y/Y Although sales for use in communication equipm

  20. Slide 20: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE FYE Mar 31, 2019 FYE Mar 31, 2020 Mar 31, ¥ in million 2021 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Net sales 59,576 73,989 73,963 66,820 68,635 73,272 72,187 68,233 60,493 Capacitors 36,184 43,984 47,362 43,101 43,338 44,473 44,907 43,738 40,075 Ferrite and 9,228 11,

  21. Slide 21: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 21

  22. Slide 22: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) ■ Capacitors ■ Ferrite and applied products ■ Integrated modules & devices ■ Others ©TAIYO YUDEN 2017 22

  23. Slide 23: 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

  24. Slide 24: ©TAIYO YUDEN 2017

    ©TAIYO YUDEN 2017 TAIYO YUDEN

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