Taiyo Yuden Co., Ltd. · TSE:6976
Taiyo Yuden — Q1 FY2024 Earnings Presentation
21 slides from Taiyo Yuden's earnings presentation, Aug 3, 2023
Slide 1: Consolidated Financial Results
Consolidated Financial Results First quarter for the year ending March 31, 2024 Tomomitsu Fukuda Chief of Management Planning Headquarters August 3, 2023 ©TAIYO YUDEN 2017
Slide 2: Financial Summary
Financial Summary 1Q for the Year Ending March 2024 Net sales were ¥72.6 billion, nearly the same level as in the previous quarter. Sales of products for use in Chinese smartphones increased, but inventory adjustments continued in IT infrastructure/industrial equipment. Operating loss was ¥0.6 billi
Slide 3: Consolidated Financial Results (Q/Q)
Consolidated Financial Results (Q/Q) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million 4Q 1Q Change Q/Q (01 Jan 2023 –31 Mar 2023) (01 Apr 2023 –30 Jun 2023) Net sales 72,458 100.0% 72,612 100.0% 154 0.2% Operating profit (4,100) (5.7)% (577) (0.8)% 3,522 ー Ordinary profit (3,299) (4.6)% 1,159 1.6% 4,4
Slide 4: Factors behind Operating Profit (Q/Q)
Factors behind Operating Profit (Q/Q) Effect from capacity utilization +5.0 Effect from Currency cost fluctuations reductions +0.7 +0.1 (0.5) (0.6) Changes Operating profit (1.8) in (1Q FYE Mar 2024) Impact of fixed costs selling price (4.1) Operating profit (4Q FYE Mar 2023) ©TAIYO YUDEN 2017 4
Slide 5: Financial Results by Product Classification (Q/Q)
Financial Results by Product Classification (Q/Q) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Q/Q 4Q 1Q Capacitors 47,225 65.2% 47,133 64.9% (91) (0.2)% Inductors 10,748 14.8% 10,976 15.1% 228 2.1% Integrated modules & 7,786 10.7% 8,182 11.3% 396 5.1% devices Others 6,697 9.2% 6,320 8.7% (
Slide 6: Financial Results by Product Classification (Q/Q)
Financial Results by Product Classification (Q/Q) ■ Capacitors ((0.2)% Q/Q) Sales of products for use in automobiles and IT infrastructure/industrial equipment decreased. On the other hand, sales of products for use in communication equipment such as smartphones increased. ■ Inductors (+2.1% Q/Q) Sa
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
Slide 8: Forecast of Consolidated Performance
Forecast of Consolidated Performance for the year ending March 31, 2024 ©TAIYO YUDEN 2017
Slide 9: Full-Year Forecast
Full-Year Forecast FYE Mar 31, 2024 ¥ in million FYE Mar 31, 2023 Change Y/Y Forecast Net sales 319,504 100.0% 322,000 100.0% 2,496 0.8% Operating profit 31,980 10.0% 15,000 4.7% (16,980) (53.1)% Ordinary profit 34,832 10.9% 14,000 4.3% (20,832) (59.8)% Profit attributable to owners of parent 23,216
Slide 10: 2Q - Forecast by Product Classification
2Q - Forecast by Product Classification FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million 2Q 1Q (Change Q/Q) Capacitors 47,133 +6-10% Inductors 10,976 +34-38% Integrated modules & 8,182 ±2% devices Others 6,320 ±2% Total net sales 72,612 +9-13% Yen/USD (Assumption) 134.93 yen average exchange rate 140.
Slide 11: Shareholder Return Policy
Shareholder Return Policy Annual cash dividends per 20 20 21 26 40 80 90 90 share (yen) Basic earnings per share 46.08 138.80 189.93 143.04 227.99 433.46 186.32 64.20 (yen) Aim to achieve a stable dividend payout ratio of 30% ©TAIYO YUDEN 2017 11
Slide 12: Supplementary Information
Supplementary Information ©TAIYO YUDEN 2017
Slide 13: Consolidated Financial Results (Y/Y)
Consolidated Financial Results (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 1Q 1Q Net sales 81,740 100.0% 72,612 100.0% (9,127) (11.2)% Operating profit 13,142 16.1% (577) (0.8)% (13,720) ー Ordinary profit 17,204 21.0% 1,159 1.6% (16,044) (93.3)% Profit attributable to owners of p
Slide 14: Factors behind Operating Profit (Y/Y)
Factors behind Operating Profit (Y/Y) Operating profit (1Q FYE Mar 2023) 13.1 Changes Effect from Currency in cost fluctuations fixed costs reductions +2.4 +1.8 +0.5 (0.6) Operating profit (1Q FYE Mar 2024) (7.7) Impact of selling price (10.7) Effect from capacity utilization ©TAIYO YUDEN 2017 14
Slide 15: Financial Results by Product Classification (Y/Y)
Financial Results by Product Classification (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 1Q 1Q Capacitors 54,583 66.8% 47,133 64.9% (7,449) (13.6)% Inductors 11,748 14.4% 10,976 15.1% (772) (6.6)% Integrated modules & 9,159 11.2% 8,182 11.3% (976) (10.7)% devices Others 6,248 7.6%
Slide 16: Financial Results by Product Classification (Y/Y)
Financial Results by Product Classification (Y/Y) ■ Capacitors ((13.6)% Y/Y) Although sales for use in communication equipment and automobiles increased, sales for other applications decreased. ■ Inductors (6.6)% Y/Y) While sales increased for use in communication equipment and automobiles, sales de
Slide 17: Consolidated Earnings Trends (Quarterly)
Consolidated Earnings Trends (Quarterly) FYE FYE Mar 31, 2022 FYE Mar 31, 2023 Mar 31, ¥ in million 2024 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Net sales 83,836 88,833 89,840 87,125 81,740 86,272 79,032 72,458 72,612 Capacitors 53,209 59,035 59,787 58,352 54,583 56,438 49,867 47,225 47,133 Inductors 11,386 12,8
Slide 18: Consolidated Earnings Trends (Quarterly)
Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 18
Slide 19: 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 19
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
Slide 21: ©TAIYO YUDEN 2017
TAIYO YUDEN @©TAIYO YUDEN 2017