Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q3 FY2021 Earnings Presentation

25 slides from Taiyo Yuden's earnings presentation, Feb 8, 2021

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Third quarter of the year ending March 31, 2021 Katsuya Sase Chief of Management Planning Headquarters February 8, 2021 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary

    Financial Summary 3Q of the Year Ending March 2021  Net sales were 81.2 billion yen, up 2% Q/Q, and operating income was 11.2 billion yen, largely in line with the previous quarter.  Strong demand for products used in smartphones and in automobiles continued, and sales and operating income both ou

  3. Slide 3: Impact of COVID-19

    Impact of COVID-19 The impact on TAIYO YUDEN’s business activities has practically disappeared (as of February 8) We are closely monitoring production trends at client companies and final Sales demand for equipment, etc. No impact. There were some problems with procurement from suppliers, Procuremen

  4. Slide 4: 3Q - Consolidated Financial Results (Q/Q)

    3Q - Consolidated Financial Results (Q/Q) FYE Mar 31, 2021 FYE Mar 31, 2021 ¥ in million 2Q 3Q Change Q/Q (01 Jul 2020 – 30 Sep 2020) (01 Oct 2020 – 31 Dec 2020) Net sales 79,728 100.0% 81,226 100.0% 1,497 1.9% Operating income 11,203 14.1% 11,199 13.8% (4) (0.0)% Ordinary income 10,812 13.6% 11,422

  5. Slide 5: 3Q - Factors behind Operating Income (Q/Q)

    3Q - Factors behind Operating Income (Q/Q) Operating income Operating income (2Q FYE Mar 2021) (3Q FYE Mar 2021) 11.2 11.2 Effect from capacity utilization +3.4 Effect from cost reductions +0.2 (0.7) (0.6) (0.8) (1.5) Changes Currency Others Impact of in fluctuations selling price fixed costs ©TAIYO

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

    3Q - Financial Results by Product Classification (Q/Q) FYE Mar 31, 2021 FYE Mar 31, 2021 ¥ in million Change Q/Q 2Q 3Q Capacitors 52,596 66.0% 51,895 63.9% (700) (1.3)% Ferrite and applied products 10,903 13.7% 12,230 15.1% 1,327 12.2% Integrated modules & devices 12,330 15.5% 12,311 15.2% (18) (0.2

  7. Slide 7: 3Q - Financial Results by Product Classification (Q/Q)

    3Q - Financial Results by Product Classification (Q/Q) ■ Capacitors ((1.3)% Q/Q) Although sales increased for use in communication equipment and automobiles, sales decreased for use in information equipment and IT infrastructure/industrial equipment. ■ Ferrite and applied products (+12.2% Q/Q) Sales

  8. Slide 8: Sales by Market Sector

    Sales by Market Sector *Estimated by the Company ©TAIYO YUDEN 2017 8 Composition of sales classified by market sector was 21% for use in automobiles, up 4 percentage points Q/Q. Sales rose steadily in response to growing demand for electronic components due to the advancing use of electronics and el

  9. Slide 9: Forecast of Consolidated Performance

    Forecast of Consolidated Performance for the year ending March 31, 2021 ©TAIYO YUDEN 2017

  10. Slide 10: Full-Year Forecast (compared to the previous forecast)

    Full-Year Forecast (compared to the previous forecast) 1H Forecast as of Nov 9 Forecast as of Feb 8 ¥ in million Actual results 2H Full year 2H Full year Net sales 140,222 143,778 284,000 154,778 295,000 Operating income 19,126 14,874 34,000 18,874 38,000 Ordinary income 18,183 14,817 33,000 18,817

  11. Slide 11: Full-Year Forecast (Y/Y)

    Full-Year Forecast (Y/Y) FYE Mar 31, 2021 ¥ in million FYE Mar 31, 2020 Change Y/Y Forecast Net sales 282,329 100.0% 295,000 100.0% 12,671 4.5% Operating income 37,176 13.2% 38,000 12.9% 824 2.2% Ordinary income 35,165 12.5% 37,000 12.5% 1,835 5.2% Net income attributable to owners of parent company

  12. Slide 12: Factors behind Operating Income in FYE March 2021

    Factors behind Operating Income in FYE March 2021 Operating income Effect from (FYE Mar 2021) Operating income capacity Forecast (FYE Mar 2020) utilization 38.0 37.2 +35.4 Effect from cost reductions Others +3.0 +2.1 (4.1) (Currency (9.3) fluctuations Changes in fixed costs (26.3) Impact of selling

  13. Slide 13: Full-Year Forecast by Product Classification (compared to the previous forecast)

    Full-Year Forecast by Product Classification (compared to the previous forecast) 1H Forecast as of Nov 9 Forecast as of Feb 8 ¥ in million Actual results 2H Full year 2H Full year Capacitors 92,672 95,828 188,500 99,828 192,500 Ferrite and applied products 18,831 19,169 38,000 21,169 40,000 Integrat

  14. Slide 14: Forecast of Consolidated Performance by Product Classification (Y/Y)

    Forecast of Consolidated Performance by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2020 FYE Mar 31, 2021 Change Y/Y Capacitors 176,457 62.5% 192,500 65.3% 16,043 9.1% Ferrite and applied products 38,770 13.7% 40,000 13.6% 1,230 3.2% Integrated modules & devices 49,808 17.6% 46,000 15.6% (

  15. Slide 15: Return to Shareholders

    Return to Shareholders Dividend Year-end dividend forecast revised from 15 yen to 25 yen increase (annual dividend 40 yen) Annual cash dividends per 15 20 20 21 26 40 share (yen) Net income per share (yen) 125.27 46.08 138.80 189.93 143.04 195.19 Aim to achieve a stable total return ratio of 30% ©TA

  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, 2020 FYE Mar 31, 2021 ¥ in million Change Y/Y 3Q 3Q Net sales 72,187 100.0% 81,226 100.0% 9,039 12.5% Operating income 9,446 13.1% 11,199 13.8% 1,752 18.6% Ordinary income 9,152 12.7% 11,422 14.1% 2,269 24.8% Net income attributable to owners of

  18. Slide 18: 3Q - Factors behind Operating Income (Y/Y)

    3Q - Factors behind Operating Income (Y/Y) Effect from capacity utilization Operating income (3Q FYE Mar 2021) Operating income +12.1 (3Q FYE Mar 2020) 11.2 9.4 Effect from cost reductions +0.7 (1.0) Currency (3.4) fluctuations Changes in (6.6) fixed costs Impact of selling price ©TAIYO YUDEN 2017 1

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

    3Q – Financial Results by Product Classification (Y/Y) FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million Change Y/Y 3Q 3Q Capacitors 44,907 62.2% 51,895 63.9% 6,988 15.6% Ferrite and applied products 10,303 14.3% 12,230 15.1% 1,926 18.7% Integrated modules & devices 12,621 17.5% 12,311 15.2% (309) (2.5

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

    Financial Results by Product Classification (Y/Y) ■ Capacitors (+15.6% Y/Y) Sales increased, mainly for use in consumer products, information equipment, and automobiles. ■ Ferrite and applied products (+18.7% Y/Y) Sales increased overall, mainly for use in communication equipment. ■ Integrated modul

  21. Slide 21: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2019 FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Net sales 59,576 73,989 73,963 66,820 68,635 73,272 72,187 68,233 60,493 79,728 81,226 Capacitors 36,184 43,984 47,362 43,101 43,338 44,473 44,907 43,738 40,075 5

  22. Slide 22: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales (¥ in billion) 12.5 20% 10.0 16% 7.5 12% Operating 5.0 8% income Operating 2.5 4% margin 0.0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 19/3 20/3 21/3 ©TAIYO YUDEN 2017 22

  23. Slide 23: Orders Received and Order Backlog Trends (Quarterly)

    Orders Received and Order Backlog Trends (Quarterly) (¥ in billion) ■ Capacitors ■ Ferrite and applied products ■ Integrated modules & devices ■ Others ©TAIYO YUDEN 2017 23

  24. Slide 24: 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

  25. Slide 25: ©TAIYO YUDEN 2017

    ©TAIYO YUDEN 2017 TAIYO YUDEN

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