Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q2 FYE March 2019 Earnings Presentation

21 slides from Taiyo Yuden's earnings presentation, Nov 9, 2018

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Second quarter for the year ending March 31, 2019 Shinji Masuyama Chief of Management Planning Headquarters November 9, 2018 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary 2Q for the Year Ending March 2019

    Financial Summary 2Q for the Year Ending March 2019  Net sales increased 24% Q/Q to 74.0 billion yen. Operating income increased 46% Q/Q to 8.7 billion yen.  Sales of capacitors and inductors for use in smartphones increased. Demand for use in automobiles and industrial equipment was also robust.

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

    2Q- Consolidated Fincial Results (Q/Q) FYE Mar 31, 2019 FYE Mar 31, 2019 ¥ in million 1Q 2Q Change Q/Q (01 Apr 2018 – 30 Jun 2018) (01 Jul 2018 – 30 Sep 2018) Net sales 59,576 100.0% 73,989 100.0% 14,413 24.2% Operating income 5,981 10.0% 8,722 11.8% 2,740 45.8% Ordinary income 6,896 11.6% 8,489 11.

  4. Slide 4: Capacity increased in line with investment plans; depreciation expenses

    We have increased capacity in line with investment plans. Depreciation expenses were 6.5 billion yen, an increase of 400 million yen from the first quarter.

  5. Slide 5: 2Q - Factors driving Operating Income (Q/Q)

    2Q - Factors driving Operating Income (Q/Q) (¥ in billion) Operating income 10.0 (2Q FYE Mar 2019) 8.7 7.5 Operating income (1Q FYE Mar 2019) 6.0 5.0 Effect from capacity utilization 3.3 2.5 Currency Fluctuations Effect from 1.2 cost reductions 0.3 0.0 (0.4) Selling price reductions (1.7) (2.5) Chan

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

    2Q - Financial Results by Product Classification (Q/Q) FYE Mar 31, 2019 FYE Mar 31, 2019 ¥ in million Change Q/Q 1Q 2Q Capacitors 36,184 60.7% 43,984 59.4% 7,799 21.6% Ferrite and applied products 9,228 15.5% 11,926 16.1% 2,698 29.2% Integrated modules & devices 13,208 22.2% 13,160 17.8% (47) (0.4)%

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

    Financial Results by Product Classification (Q/Q) (¥ in billion) 80.0 74.0 ■ Capacitors （+22% Q/Q） Sales for use in all equipment increased, primarily for 4.9 use in communication equipment and 59.6 13.2 automobiles/industrial equipment. 60.0 1.0 13.2 ■ Ferrite and applied products （+29% Q/Q） 11.9 S

  8. Slide 8: Sales of Electronic Components by Market Sector

    Sales of Electronic Components by Market Sector 1% 1% 2% 2% 1% 100% 11% 11% 13% 14% 12% Others 80% 14% 14% 13% 13% 14% Consumer products 60% 29% Information 28% 36% 34% 35% equipment Automobiles/indust rial equipment 40% Communication equipment 44% 45% 20% 37% 38% 38% * Estimated by the Company 0% 1

  9. Slide 9: 1H Consolidated Financial Results (Y/Y)

    1H- Consolidated Fincial Results (Y/Y) FYE Mar 31, 2018 FYE Mar 31, 2019 ¥ in million Change Y/Y 1H 1H Net sales 118,180 100.0% 133,565 100.0% 15,385 13.0% Operating income 8,775 7.4% 14,703 11.0% 5,927 67.5% Ordinary income 10,021 8.5% 15,385 11.5% 5,363 53.5% Net income attributable to owners of p

  10. Slide 10: 1H - Factors driving Operating Income (Y/Y)

    1H - Factors driving Operating Income (Y/Y) (¥ in billion) 20 Operating income Effect from (1H FYE Mar 2019) capacity 14.7 15 utilization 12.5 Operating income (1H FYE Mar 2018) 10 8.8 Effect from cost 5 reductions 2.0 0 (1.5) (1.7) Changes Currency (5) in Fluctuations (5.4) fixed costs Selling pric

  11. Slide 11: 1H - Financial Results by Product Classification (Y/Y)

    1H - Financial Results by Product Classification (Y/Y) FYE Mar 31, 2018 FYE Mar 31, 2019 ¥ in million Change Y/Y 1H 1H Capacitors 66,767 56.5% 80,168 60.0% 13,401 20.1% Ferrite and applied products 20,223 17.1% 21,154 15.8% 930 4.6% Integrated modules & devices 29,582 25.0% 26,369 19.7% (3,213) (10.

  12. Slide 12: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) (¥ in billion) 150 ■ Capacitors （+20% Y/Y） 133.6 Sales for use in all equipment increased. Sales for use 5.9 in automobiles/industrial equipment were particularly 118.2 healthy. 1.6 26.4 100 29.6 ■ Ferrite and applied products （+5% Y/Y） 21.2 Sales fo

  13. Slide 13: Forecast of Consolidated Performance

    Forecast of Consolidated Performance for the Year ending March 31, 2019 ©TAIYO YUDEN 2017

  14. Slide 14: Forecast of Consolidated Performance

    Forecast of Consolidated Performance FYE Mar 31, 2019 ¥ in million 1H Full year Previous Revised Forecasts Actual Change forecasts forecasts Net sales 130,000 133,565 260,000 271,000 11,000 4.2% Operating income 13,000 14,703 24,500 30,000 5,500 22.4% Ordinary income 13,500 15,385 24,500 30,000 5,50

  15. Slide 15: Forecast of Consolidated Performance by Product Classification

    Forecast of Consolidated Performance by Product Classification FYE Mar 31, 2019 ¥ in million 1H Full year Previous Revised Forecasts Actual Change forecasts forecasts Capacitors 80,500 80,168 161,000 171,000 10,000 6.2% Ferrite and applied products 20,500 21,154 40,500 42,000 1,500 3.7% Integrated m

  16. Slide 16: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  17. Slide 17: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, FYE Mar 31, FYE Mar 31, ¥ in million 2017 2018 2019 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net sales 53,471 59,561 60,185 57,498 54,072 64,107 66,053 59,883 59,576 73,989 Capacitors 26,963 30,120 30,580 30,002 29,747 37,019 38,800 37,290 36,184 43,984 Ferr

  18. Slide 18: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) (¥ in billion) 80 60 Net sales Others 40 Integrated modules & devies Ferrite and applied products 20 Capacitors 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 17/3 18/3 19/3 (¥ in billion) 10.0 16% 7.5 12% Operating 5.0 8% income 2.5 4% Operating margin 0.0 0% 1Q 2Q 3Q 4Q 1

  19. Slide 19: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) Orders received Order backlog 80 72.2 69.9 5 2.5 8.4 11.4 60 8.8 12.8 40 50.3 43 20 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 17/3 18/3 19/3 17/3 18/3 19/3 ■ Capacitors ■ Ferrite and applied products ■ Integrated

  20. Slide 20: 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

  21. Slide 21: ©TAIYO YUDEN 2017

    ©TAIYO YUDEN 2017 TAIYO YUDEN

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