Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — FY2024 Earnings Presentation

20 slides from Taiyo Yuden's earnings presentation, May 8, 2024

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Year ended March 31, 2024 Tomomitsu Fukuda Chief of Management Planning Headquarters May 8, 2024 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary

    Financial Summary FYE March 2024 Net sales increased 1% Y/Y. Sales of products for use in communication equipment and automobiles increased. By product, sales of inductors and integrated modules & devices increased. Operating profit declined 72% Y/Y. Profit decreased due to the effect of selling pri

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

    Summary of Consolidated Financial Results (Y/Y) ¥ in million FYE Mar 31, 2023 FYE Mar 31, 2024 Change Y/Y Net sales 319,504 100.0% 322,647 100.0% 3,143 1.0% Operating profit 31,980 10.0% 9,079 2.8% (22,900) (71.6)% Ordinary profit 34,832 10.9% 13,757 4.3% (21,074) (60.5)% Profit attributable to owne

  4. Slide 4: Factors behind Operating Profit in FYE March 2024

    Factors behind Operating Profit in FYE March 2024 Operating profit (FYE Mar 2023) 32.0 Operating profit Currency (FYE Mar fluctuations 2024) Effect from +8.5 9.1 cost reductions +2.0 (2.1) (2.9) Effect from Changes in capacity fixed costs utilization (28.4) Impact of selling price ©TAIYO YUDEN 2017

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

    Financial Results by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2023 FYE Mar 31, 2024 Change Y/Y Capacitors 208,115 65.1% 205,829 63.8% (2,285) (1.1)% Inductors 52,866 16.5% 55,566 17.2% 2,700 5.1% Integrated modules & 32,581 10.2% 34,934 10.8% 2,353 7.2% devices Others 25,941 8.1% 26,317

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

    Financial Results by Product Classification (Y/Y) ■ Capacitors ((1.1)% Y/Y) Although sales increased for products used in communication equipment and automobiles, sales decreased for use in consumer products, information equipment, and IT infrastructure/industrial equipment. ■ Inductors (+5.1% Y/Y)

  7. Slide 7: Sales by Market Sector

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

  8. Slide 8: Forecast of Consolidated Performance

    Forecast of Consolidated Performance Year ending March 31, 2025 ©TAIYO YUDEN 2017

  9. Slide 9: Full-Year Forecast

    Full-Year Forecast FYE Mar 31, 2025 ¥ in million FYE Mar 31, 2024 Change Y/Y forecast Net sales 322,647 100.0% 350,000 100.0% 27,353 8.5% Operating profit 9,079 2.8% 20,000 5.7% 10,921 120.3% Ordinary profit 13,757 4.3% 16,500 4.7% 2,743 19.9% Profit attributable to owners of parent 8,317 2.6% 11,00

  10. Slide 10: Factors behind Operating Profit in FYE March 2025

    Factors behind Operating Profit in FYE March 2025 Effect from capacity utilization +54.6 Operating profit (FYE Mar 2025) Operating profit Effect from 20.0 (FYE Mar 2024) cost Currency 9.1 reductions fluctuations +3.0 +1.5 (18.0) Changes (30.2) in fixed costs Impact of selling price ©TAIYO YUDEN 2017

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

    Financial Results by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2024 FYE Mar 31, 2025 Change Y/Y Capacitors 205,829 63.8% 238,000 68.0% 32,171 15.6% Inductors 55,566 17.2% 56,000 16.0% 434 0.8% Integrated modules & 34,934 10.8% 29,000 8.3% (5,934) (17.0)% devices Others 26,317 8.2% 27,000

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

    1Q - Forecast by Product Classification FYE Mar 31, 2025 FYE Mar 31, 2024 ¥ in million 1Q 4Q Forecast （Q/Q） Capacitors 52,554 ±2% Inductors 12,645 (12~8)% Integrated modules & 8,784 (32~28)% devices Others 6,849 (7~3)% Total net sales 80,834 (7~3)% Yen/USD (Assumption) 146.76 yen average exchange ra

  13. Slide 13: Shareholder Return Policy

    Shareholder Return Policy Annual cash dividends per share (yen) 20 20 21 26 40 80 90 90 90 Basic earnings per share (yen) 46.08 138.80 189.93 143.04 227.99 433.46 186.32 66.75 88.26 Aim to achieve a stable dividend payout ratio of 30% ©TAIYO YUDEN 2017 13

  14. Slide 14: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  15. Slide 15: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net Sales 81,740 86,272 79,032 72,458 72,612 82,814 86,386 80,834 Capacitors 54,583 56,438 49,867 47,225 47,133 51,950 54,190 52,554 Inductors 11,748 15,156 15,212 10,748 10,976 15,748 16,

  16. Slide 16: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net Sales ©TAIYO YUDEN 2017 16

  17. Slide 17: 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 17

  18. Slide 18: Consolidated Financial Condition

    Consolidated Financial Condition ©TAIYO YUDEN 2017 18

  19. Slide 19: 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

  20. Slide 20: ©TAIYO YUDEN 2017

    TAIYO YUDEN @©TAIYO YUDEN 2017

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