Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q3 FY2024 Earnings Presentation

29 slides from Taiyo Yuden's earnings presentation, Feb 7, 2024

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Third quarter for the year ending March 31, 2024 Tomomitsu Fukuda Chief of Management Planning Headquarters February 7, 2024 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary

    Financial Summary 3Q for the Year Ending March 2024 Net sales were ¥86.4 billion, up 4% Q/Q. Sales increased, mainly of products for use in information equipment and communication equipment. Operating profit was ¥4.9 billion, up 80% Q/Q. Sales volume increased because of strong demand for products f

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

    3Q – Consolidated Financial Results (Q/Q) FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million 2Q 3Q Change Q/Q (01 Jul 2023 –30 Sep 2023) (01 Oct 2023 –31 Dec 2023) Net sales 82,814 100.0% 86,386 100.0% 3,572 4.3% Operating profit 2,721 3.3% 4,900 5.7% 2,178 80.1% Ordinary profit 5,127 6.2% 1,169 1.4% (3

  4. Slide 4: 3Q – Factors behind Operating Profit (Q/Q)

    3Q – Factors behind Operating Profit (Q/Q) Operating profit (3Q FYE Effect from Mar 2024) Operating profit capacity 4.9 (2Q FYE utilization Mar 2024) +3.3 Currency 2.7 fluctuations Effect from cost +1.8 reductions +0.1 (1.0) (2.0) Changes in Impact of fixed costs selling price ©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, 2024 FYE Mar 31, 2024 ¥ in million Change Q/Q 2Q 3Q Capacitors 51,950 62.7% 54,190 62.7% 2,240 4.3% Inductors 15,748 19.0% 16,196 18.7% 448 2.8% Integrated modules & devices 8,326 10.1% 9,641 11.2% 1,314 15.8% Others 6,789 8.2% 6,358

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

    3Q – Financial Results by Product Classification (Q/Q) ■ Capacitors (+4.3% Q/Q) Sales decreased for use in consumer products, while sales increased for use in information equipment, communication equipment, IT infrastructure/industrial equipment, and among others. ■ Inductors (+2.8% Q/Q) Sales incre

  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 for the year ending March 31, 2024 ©TAIYO YUDEN 2017

  9. Slide 9: Full-Year Forecast (compared with the previous forecast)

    Full-Year Forecast (compared with the previous forecast) ¥ in million FYE Mar 31, 2024 FYE Mar 31, 2024 Change Forecast as of May 9 Forecast as of Feb 7 Net sales 322,000 100.0% 321,000 100.0% (1,000) (0.3)% Operating profit 15,000 4.7% 10,000 3.1% (5,000) (33.3)% Ordinary profit 14,000 4.3% 10,000

  10. Slide 10: Full-Year Forecast (Y/Y)

    Full-Year Forecast (Y/Y) ¥ in million FYE Mar 31, 2023 FYE Mar 31, 2024 Change Y/Y Forecast as of Feb 7 Net sales 319,504 100.0% 321,000 100.0% 1,496 0.5% Operating profit 31,980 10.0% 10,000 3.1% (21,980) (68.7)% Ordinary profit 34,832 10.9% 10,000 3.1% (24,832) (71.3)% Profit attributable to 23,21

  11. Slide 11: Factors behind Operating Profit (Y/Y)

    Factors behind Operating Profit (Y/Y) Operating profit (FYE Mar 2023) 32.0 Operating profit (FYE Mar Effect from Currency 2023) Effect from fluctuations cost 10.0 capacity +6.9 reductions utilization +2.0 +0.3 (2.7) Changes in fixed costs (28.5) Impact of selling price ©TAIYO YUDEN 2017 11

  12. Slide 12: Forecast by Product Classification (compared with the previous forecast)

    Forecast by Product Classification (compared with the previous forecast) FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million Change Forecast as of May 9 Forecast as of Feb 7 Capacitors 213,000 66.1% 205,000 63.9% (8,000) (3.8)% Inductors 51,000 15.8% 54,500 17.0% 3,500 6.9% Integrated modules & 30,000 9.

  13. Slide 13: Forecast by Product Classification (Y/Y)

    Forecast by Product Classification (Y/Y) FYE Mar 31, 2024 ¥ in million FYE Mar 31, 2023 Change Y/Y Forecast as of Feb 7 Capacitors 208,115 65.1% 205,000 63.9% (3,115) (1.5)% Inductors 52,866 16.5% 54,500 17.0% 1,634 3.1% Integrated modules & 32,581 10.2% 35,500 11.1% 2,919 9.0% devices Others 25,941

  14. Slide 14: 4Q - Forecast by Product Classification

    4Q - Forecast by Product Classification FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million 4Q 3Q Forecast （Q/Q） Capacitors 54,190 (5)% Inductors 16,196 (29)% Integrated modules & 9,641 (3)% devices Others 6,358 +3% Total net sales 86,386 (8)% Yen/USD (Assumption) 149.10円 average exchange rate 145.00 yen

  15. Slide 15: Shareholder Return Policy

    Shareholder Return Policy Annual cash dividends per share (yen) 20 20 21 26 40 80 90 90 Basic earnings per share (yen) 46.08 138.80 189.93 143.04 227.99 433.46 186.32 24.07 Aim to achieve a stable dividend payout ratio of 30% ©TAIYO YUDEN 2017 15

  16. Slide 16: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  17. Slide 17: 3Q – Consolidated Financial Results (Y/Y)

    3Q – Consolidated Financial Results (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 3Q 3Q Net sales 79,032 100.0% 86,386 100.0% 7,353 9.3% Operating profit 6,462 8.2% 4,900 5.7% (1,562) (24.2)% Ordinary profit 2,572 3.3% 1,169 1.4% (1,403) (54.5)% Profit attributable to owners of par

  18. Slide 18: 3Q – Factors behind Operating Profit (Y/Y)

    3Q – Factors behind Operating Profit (Y/Y) Operating profit (3Q FYE Mar 2023) Effect from 6.5 capacity Operating profit utilization (3Q FYE Mar 2024) +5.0 4.9 Effect from cost Currency reductions fluctuations +0.5 +0.9 (0.9) Changes In fixed costs (7.1) Impact of selling price ©TAIYO YUDEN 2017 18

  19. Slide 19: 3Q – Financial Results by Product Classification (Y/Y)

    3Q – Financial Results by Product Classification (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 3Q 3Q Capacitors 49,867 63.1% 54,190 62.7% 4,322 8.7% Inductors 15,212 19.2% 16,196 18.7% 983 6.5% Integrated modules & 7,358 9.3% 9,641 11.2% 2,283 31.0% devices Others 6,594 8.3% 6,358

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

    3Q – Financial Results by Product Classification (Y/Y) ■ Capacitors (+8.7% Y/Y) Sales increased for use in information equipment, communication equipment, and automobiles. Sales decreased for use in consumer products and IT infrastructure/industrial equipment. ■ Inductors (+6.5% Y/Y) Sales for use i

  21. Slide 21: 1-3Q - Consolidated Financial Results (Y/Y)

    1-3Q - Consolidated Financial Results (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 1-3Q 1-3Q Net sales 247,046 100.0% 241,813 100.0% (5,232) (2.1)% Operating profit 36,080 14.6% 7,043 2.9% (29,037) (80.5)% Ordinary profit 38,132 15.4% 7,456 3.1% (30,676) (80.4)% Profit attributabl

  22. Slide 22: 1-3Q - Factors behind Operating Profit (Y/Y)

    1-3Q - Factors behind Operating Profit (Y/Y) Operating profit (1-3Q FYE Mar 2023) 36.1 Operating profit (1-3Q FYE Effect from Changes Currency Mar 2024) cost in fixed fluctuations 7.0 reductions costs +5.1 +1.5 +2.1 (15.9) Effect from (21.9) capacity Impact of utilization selling price ©TAIYO YUDEN

  23. Slide 23: 1-3Q - Financial Results by Product Classification (Y/Y)

    1-3Q - Financial Results by Product Classification (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 1-3Q 1-3Q Capacitors 160,889 65.1% 153,274 63.4% (7,614) (4.7)% Inductors 42,118 17.0% 42,920 17.7% 802 1.9% Integrated modules & 24,794 10.0% 26,150 10.8% 1,355 5.5% devices Others 19,

  24. Slide 24: 1-3Q - Financial Results by Product Classification (Y/Y)

    1-3Q - Financial Results by Product Classification (Y/Y) (¥ in billion) ■ Capacitors ((4.7)% Y/Y) Sales decreased for use in consumer products, information equipment, and IT infrastructure/industrial equipment. ■ Inductors (+1.9% Y/Y) Sales for use in information equipment, communication equipment,

  25. Slide 25: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2022 FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Net Sales 83,836 88,833 89,840 87,125 81,740 86,272 79,032 72,458 72,612 82,814 86,386 Capacitors 53,209 59,035 59,787 58,352 54,583 56,438 49,867 47,225 47,133 5

  26. Slide 26: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) 売上高 Net sales ©TAIYO YUDEN 2017 26

  27. Slide 27: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) ■ Capacitors ■ Inductors ■ Integrated modules & devices ■ Others ©TAIYO YUDEN 2017 27

  28. Slide 28: 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

  29. Slide 29: ©TAIYO YUDEN 2017

    TAIYO YUDEN @©TAIYO YUDEN 2017

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