Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — FY2021 Earnings Presentation

22 slides from Taiyo Yuden's earnings presentation, May 10, 2022

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Year ended March 31, 2022 Katsuya Sase Chief of Management Planning Headquarters May 10, 2022 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary FYE March 2022

    Financial Summary FYE March 2022  Net sales increased 16% Y/Y to ¥349.6 billion, and operating income increased 67% to ¥68.2 billion, resulting in revenue and profit growth.  Sales of capacitors rose 18% Y/Y. Sales increased for all applications, primarily for use in automobiles. Sales of inductor

  3. Slide 3: Summary of Consolidated Financial Results (Y/Y)

    Summary of Consolidated Financial Results (Y/Y) ¥ in million FYE Mar 31, 2021 FYE Mar 31, 2022 Change Y/Y Net sales 300,920 100.0% 349,636 100.0% 48,715 16.2% Operating income 40,766 13.5% 68,218 19.5% 27,451 67.3% Ordinary income 41,247 13.7% 72,191 20.6% 30,944 75.0% Net income attributable to own

  4. Slide 4: Factors behind Operating Income in FYE March 2022

    Factors behind Operating Income in FYE March 2022 Operating income (FYE Mar 2022) 68.2 Effect from Operating income capacity (FYE Mar 2021) utilization 40.8 +41.6 Effect from Currency cost fluctuations reductions +9.1 +2.5 (2.1) (6.6) Others Impact of selling price (17.1) Changes in fixed costs ©TAI

  5. Slide 5: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2021 FYE Mar 31, 2022 Change Y/Y Capacitors 195,198 64.9% 230,383 65.9% 35,185 18.0% Inductors 41,564 13.8% 48,925 14.0% 7,360 17.7% Integrated modules & devices 46,930 15.6% 48,799 14.0% 1,868 4.0% Others 17,227 5.7% 21,527

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

    Financial Results by Product Classification (Y/Y) (¥ in billion) ■ Capacitors （+18.0%） Sales increased in all applications, in particular for automobiles where use of electronic components is increasing, and for use in IT infrastructure/industrial equipment, such as servers. ■ Inductors （+17.7%） Sal

  7. Slide 7: Sales by Market Sector

    Sales by Market Sector Consumer products • TV • Game console • Smart watch Information equipment • Tablet device • PC • HDD, SSD Communication equipment • Smartphone Automotive • ADAS • Meter cluster • ECU IT infrastructure/ industrial equipment • Base station communication device • Server • Securit

  8. Slide 8: Forecast of Consolidated Performance

    Forecast of Consolidated Performance Year ending March 31, 2023 ©TAIYO YUDEN 2017

  9. Slide 9: Full-Year Forecast

    Full-Year Forecast FYE Mar 31, 2023 ¥ in million FYE Mar 31, 2022 Change forecast Net sales 349,636 100.0% 385,000 100.0% 35,364 10.1% Operating income 68,218 19.5% 70,000 18.2% 1,782 2.6% Ordinary income 72,191 20.6% 69,000 17.9% (3,191) (4.4)% Net income attributable to owners of the parent 54,361

  10. Slide 10: Factors behind Operating Income in FYE March 2023

    Factors behind Operating Income in FYE March 2023 Operating income (FYE Mar 2022) Operating income Forecast (FYE Mar 2022) 70.0 68.2 Effect from capacity utilization Currency +20.8 fluctuations +11.8 (3.0) (11.3) Effect from cost (16.5) Impact of reductions selling price Changes in fixed costs ©TAIY

  11. Slide 11: Full-Year Forecast by Product Classification

    Full-Year Forecast by Product Classification FYE Mar 31, 2023 ¥ in million FYE Mar 31, 2022 Change forecast Capacitors 230,383 65.9% 262,000 68.1% 31,617 13.7% Inductors 48,925 14.0% 56,500 14.7% 7,575 15.5% Integrated modules & devices 48,799 14.0% 41,000 10.6% (7,799) (16.0)% Others 21,527 6.2% 25

  12. Slide 12: 1Q - Forecast by Product Classification

    1Q - Forecast by Product Classification FYE Mar 31, 2023 FYE Mar 31, 2022 ¥ in million 1Q 4Q (Change Q/Q) Capacitors 58,352 (6-10)% Inductors 11,717 (4-8)% Integrated modules & devices 11,510 (28-32)% Others 5,545 +1-5% Total net sales 87,125 (8-12)% Yen/USD (Assumption) 114.66 yen average exchange

  13. Slide 13: Return to Shareholders

    Return to Shareholders Annual cash dividends per share (yen) 20 20 21 26 40 80 90 Net income per share (yen) 46.08 138.80 189.93 143.04 227.99 433.46 385.21 Aim to achieve a stable dividend payout ratio of 30% ©TAIYO YUDEN 2017 13 TAIYO YUDEN plans to increase the annual dividend for FYE March 31, 2

  14. Slide 14: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  15. Slide 15: Impact of International Situation, COVID-19 and Other Factors

    Impact of International Situation, COVID-19 and Other Factors We are closely monitoring production trends at client companies Sales and final demand for equipment, etc. Despite rising procurement costs, we do not expect any obstacles Procurement in securing the required materials and components. The

  16. Slide 16: Consolidated Earnings Trends (Half Yearly)

    Consolidated Earnings Trends (Half Yearly) FYE Mar 31, 2023 FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Forecast 1H 2H 1H 2H 1H 2H Net sales 140,222 160,698 172,670 176,966 183,000 202,000 Capacitors 92,672 102,526 112,244 118,139 126,000 136,000 Inductors 18,831 22,732 24,250 24,674 27,000 29,50

  17. Slide 17: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net sales 60,493 79,728 81,226 79,471 83,836 88,833 89,840 87,125 Capacitors 40,075 52,596 51,895 50,630 53,209 59,035 59,787 58,352 Inductors 7,928 10,903 12,230 10,501 11,386 12,863 12,9

  18. Slide 18: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 18

  19. Slide 19: 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 19

  20. Slide 20: Consolidated Financial Condition

    Consolidated Financial Condition ©TAIYO YUDEN 2017 20

  21. Slide 21: 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

  22. Slide 22: ©TAIYO YUDEN 2017

    @TAIYO YUDEN 2017 TAIYO YUDEN

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