Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q3 FY2021 Earnings Presentation

26 slides from Taiyo Yuden's earnings presentation, Feb 4, 2022

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Third quarter for the year ending March 31, 2022 Katsuya Sase Chief of Management Planning Headquarters February 4, 2022 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary 3Q for the Year Ending March 2022

    Financial Summary 3Q for the Year Ending March 2022  Net sales were ¥89.8 billion, up 1% Q/Q. Sales remained steady for all applications.  Operating income was ¥17.6 billion, down 10% Q/Q. Costs increased alongside expansion in the scale of business etc.  Net sales, operating income, ordinary inc

  3. Slide 3: 3Q - Consolidated Financial Results (Q/Q)

    3Q - Consolidated Financial Results (Q/Q) FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million 2Q 3Q Change Q/Q (01 Jul 2021 – 30 Sep 2021) (01 Oct 2021 – 31 Dec 2021) Net sales 88,833 100.0% 89,840 100.0% 1,007 1.1% Operating income 19,508 22.0% 17,643 19.6% (1,864) (9.6)% Ordinary income 20,370 22.9% 18

  4. Slide 4: 3Q - Factors behind Operating Income (Q/Q)

    3Q - Factors behind Operating Income (Q/Q) Operating income (2Q FYE Mar 2022) Operating income 19.5 (3Q FYE Mar 2022) 17.6 Effect from Currency cost fluctuations reductions +1.1 +0.2 (0.5) (0.2) Impact of Effect from capacity (2.4) selling price Changes utilization in fixed costs ©TAIYO YUDEN 2017 4

  5. Slide 5: 3Q - Financial Results by Product Classification (Q/Q)

    3Q - Financial Results by Product Classification (Q/Q) FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million Change Q/Q 2Q 3Q Capacitors 59,035 66.5% 59,787 66.5% 752 1.3% Inductors 12,863 14.5% 12,957 14.4% 94 0.7% Integrated modules & devices 11,959 13.5% 11,351 12.6% (607) (5.1)% Others 4,975 5.6% 5,743

  6. Slide 6: 3Q - Financial Results by Product Classification (Q/Q)

    3Q - Financial Results by Product Classification (Q/Q) ■ Capacitors (+1.3% Q/Q) Sales increased for use in automobiles and IT infrastructure/ industrial equipment. ■ Inductors (+0.7% Q/Q) Sales increased for use in communication equipment, such as smartphones. ■ Integrated modules & devices ((5.1)%

  7. Slide 7: Sales by Market Sector

    Sales by Market Sector *Estimated by the Company ©TAIYO YUDEN 2017 7 There were no Q/Q changes in the composition of sales classified by market sector. Sales for use in communication equipment, such as smartphones, were 30%. Sales for use in IT infrastructure/industrial equipment, such as servers an

  8. Slide 8: Forecast of Consolidated Performance

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

  9. Slide 9: Full-Year Forecast

    Full-Year Forecast FYE Mar 31, 2022 ¥ in million FYE Mar 31, 2021 Change Y/Y Forecast 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 owners of the parent 28

  10. Slide 10: 4Q - Forecast by Product Classification

    4Q - Forecast by Product Classification FYE Mar 31, 2022 FYE Mar 31, 2022 ¥ in million 4Q 3Q (Change Q/Q) Capacitors 59,787 Slight decrease Inductors 12,957 (20-24)% Integrated modules & devices 11,351 +1-5% Others 5,743 +5-10% Total net sales 89,840 (2-5)% Yen/USD (Assumption) 112.48 yen average ex

  11. Slide 11: Return to Shareholders

    Return to Shareholders Acquire treasury stock Acquisition of treasury stock up to a maximum of 5.0 billion 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

  12. Slide 12: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  13. Slide 13: 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

  14. Slide 14: 3Q - Consolidated Financial Results (Y/Y)

    3Q - Consolidated Financial Results (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million 3Q 3Q Change Y/Y Net sales 81,226 100.0% 89,840 100.0% 8,614 10.6% Operating income 11,199 13.8% 17,643 19.6% 6,444 57.5% Ordinary income 11,422 14.1% 18,390 20.5% 6,968 61.0% Net income attributable to owners o

  15. Slide 15: 3Q - Factors behind Operating Income (Y/Y)

    3Q - Factors behind Operating Income (Y/Y) Operating income (3Q FYE Mar 2022) 17.6 Operating income (3Q FYE Mar 2021) Effect from 11.2 capacity utilization +8.7 Effect from Currency cost fluctuations reductions +3.1 +0.9 (1.0) Impact of selling price (5.3) Changes in fixed costs ©TAIYO YUDEN 2017 15

  16. Slide 16: 3Q - Financial Results by Product Classification (Y/Y)

    3Q - Financial Results by Product Classification (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Y/Y 3Q 3Q Capacitors 51,895 63.9% 59,787 66.5% 7,891 15.2% Inductors 12,230 15.1% 12,957 14.4% 727 5.9% Integrated modules & devices 12,311 15.2% 11,351 12.6% (959) (7.8)% Others 4,788 5.9% 5

  17. Slide 17: 3Q - Financial Results by Product Classification (Y/Y)

    3Q - Financial Results by Product Classification (Y/Y) ■ Capacitors (+15.2% Y/Y) Sales increased, for use in information equipment, automobiles, and IT infrastructure/industrial equipment among others. ■ Inductors (+5.9% Y/Y) Sales increased for use in information equipment such as tablets, communic

  18. Slide 18: 1-3Q - Consolidated Financial Results (Y/Y)

    1-3Q - Consolidated Financial Results (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Y/Y 1-3Q 1-3Q Net sales 221,449 100.0% 262,510 100.0% 41,061 18.5% Operating income 30,326 13.7% 52,299 19.9% 21,972 72.5% Ordinary income 29,605 13.4% 53,934 20.5% 24,329 82.2% Net income attributable

  19. Slide 19: 1-3Q - Factors behind Operating Income (Y/Y)

    1-3Q - Factors behind Operating Income (Y/Y) Operating income (1-3Q FYE Mar 2022) 52.3 Effect from capacity utilization Operating income +36.7 (1-3Q FYE Mar 2021) 30.3 Effect from Currency cost fluctuations reductions +4.8 +2.6 (2.1) (6.5) Others Impact of selling price (13.6) Changes in fixed costs

  20. Slide 20: 1-3Q - Financial Results by Product Classification (Y/Y)

    1-3Q - Financial Results by Product Classification (Y/Y) FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million Change Y/Y 1-3Q 1-3Q Capacitors 144,567 65.3% 172,031 65.5% 27,463 19.0% Inductors 31,062 14.0% 37,207 14.2% 6,145 19.8% Integrated modules & devices 33,717 15.2% 37,288 14.2% 3,571 10.6% Others 1

  21. Slide 21: 1-3Q - Financial Results by Product Classification (Y/Y)

    1-3Q - Financial Results by Product Classification (Y/Y) ■ Capacitors (+19.0% Y/Y) Sales increased for all applications. ■ Inductors (+19.8% Y/Y) Sales increased for use in information equipment, communication equipment, automobiles and IT infrastructure/industrial equipment. ■ Integrated modules &

  22. Slide 22: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2020 FYE Mar 31, 2021 FYE Mar 31, 2022 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Net sales 68,635 73,272 72,187 68,233 60,493 79,728 81,226 79,471 83,836 88,833 89,840 Capacitors 43,338 44,473 44,907 43,738 40,075 52,596 51,895 50,630 53,209 5

  23. Slide 23: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 23

  24. Slide 24: 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 24

  25. Slide 25: 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

  26. Slide 26: ©TAIYO YUDEN 2017

    @TAIYO YUDEN 2017 TAIYO YUDEN

Taiyo Yuden — Q3 FY2021 Earnings Presentation on 6ix