Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q2 FY2021 Earnings Presentation

25 slides from Taiyo Yuden's earnings presentation, Nov 9, 2020

  1. Slide 1: Consolidated Financial Results, Second quarter of the year ending March 31, 2021

    Consolidated Financial Results Second quarter of the year ending March 31, 2021 Katsuya Sase Chief of Management Planning Headquarters November 9, 2020 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary

    Financial Summary 2Q of the Year Ending March 2021 ◼ There was sales and profit growth with net sales up 32% Q/Q at 79.7 billion yen, and operating income up 41% Q/Q at 11.2 billion yen. ◼ Sales and operating income both significantly outperformed the forecasts made in August due to such factors as

  3. Slide 3: Impact of COVID-19

    Impact of COVID-19 The impact on TAIYO YUDEN’s business activities has practically disappeared (as of November 9) Sales We are closely monitoring production trends at client companies and final demand for equipment, etc. No impact. There were some problems with procurement from suppliers, Procuremen

  4. Slide 4: 2Q - Consolidated Financial Results (Q/Q)

    2Q - Consolidated Financial Results (Q/Q) FYE Mar 31, 2021 FYE Mar 31, 2021 ¥ in million 1Q 2Q Change Q/Q (01 Apr 2020 – 30 Jun 2020) (01 Jul 2020 – 30 Sep 2020) Net sales 60,493 100.0% 79,728 100.0% 19,235 31.8% Operating income 7,923 13.1% 11,203 14.1% 3,280 41.4% Ordinary income 7,371 12.2% 10,81

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

    2Q - Factors behind Operating Income (Q/Q) Operating income (2Q FYE Mar 2021) Effect from 11.2 Operating income capacity (1Q FYE Mar 2021) utilization 7.9 8.4 Effect from cost reductions 0.2 (0.4) (0.4) Currency Others (2.1) (2.4) fluctuations Impact of Changes selling price in fixed costs ©TAIYO YU

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

    2Q - Financial Results by Product Classification (Q/Q) FYE Mar 31, 2021 FYE Mar 31, 2021 ¥ in million Change Q/Q 1Q 2Q Capacitors 40,075 66.2% 52,596 66.0% 12,520 31.2% Ferrite and applied products 7,928 13.1% 10,903 13.7% 2,974 37.5% Integrated modules & devices 9,075 15.0% 12,330 15.5% 3,254 35.9%

  7. Slide 7: 2Q - Financial Results by Product Classification (Q/Q)

    2Q - Financial Results by Product Classification (Q/Q) ■ Capacitors (+31.2% Q/Q) Sales increased for all equipment applications including use in consumer products such as games, information equipment such as notebook PCs and tablets, and communication equipment such as smartphones. Demand for produc

  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 is as follows: - 24% for use in IT infrastructure/industrial equipment, which includes base station communications equipment and servers; - 17% for use in automobiles; - 32% for use

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

    1H – Consolidated Financial Results (Y/Y) FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million 1H 1H Change Y/Y (01 Apr 2019 – 30 Sep 2019) (01 Apr 2020 – 30 Sep 2020) Net sales 141,908 100.0% 140,222 100.0% (1,685) (1.2)% Operating income 20,298 14.3% 19,126 13.6% (1,171) (5.8)% Ordinary income 19,176 13

  10. Slide 10: 1H – Factors behind Operating Income (Y/Y)

    1H – Factors behind Operating Income (Y/Y) Operating income Operating income (1H FYE Mar 2020) (1H FYE Mar 2021) 20.3 19.1 Effect from capacity utilization 11.3 Effect from cost reductions Others 1.5 2.1 (0.9) (2.3) Currency Changes fluctuations in fixed costs (12.9) Impact of selling price ©TAIYO Y

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

    1H – Financial Results by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2020 FYE Mar 31, 2021 Change Y/Y 1H 1H Capacitors 87,812 61.9% 92,672 66.1% 4,860 5.5% Ferrite and applied products 19,376 13.7% 18,831 13.4% (544) (2.8)% Integrated modules & devices 25,960 18.3% 21,406 15.3% (4,554) (1

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

    Financial Results by Product Classification (Y/Y) ■ Capacitors (+5.5% Y/Y) Sales for use in consumer products, information equipment, automobiles, and IT infrastructure/industrial equipment increased. Sales for use in communication equipment decreased. ■ Ferrite and applied products ((2.8)% Y/Y） Alt

  13. Slide 13: Forecast of Consolidated Performance

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

  14. Slide 14: Full-Year Forecast (compared to the previous forecast)

    Full-Year Forecast (compared to the previous forecast) FYE Mar 31, 2021 FYE Mar 31, 2021 Forecast as of Aug 7 Forecast as of Nov 9 ¥ in million 1H 2H Full year 1H 2H Full year Actual results Net sales 130,000 135,000 265,000 140,222 143,778 284,000 Operating income 15,000 12,000 27,000 19,126 14,874

  15. Slide 15: Full-Year Forecast (Y/Y)

    Full-Year Forecast (Y/Y) FYE Mar 31, 2021 ¥ in million FYE Mar 31, 2020 Change Y/Y Forecast as of Nov 9 Net sales 282,329 100.0% 284,000 100.0% 1,671 0.6% Operating income 37,176 13.2% 34,000 12.0% (3,176) (8.5)% Ordinary income 35,165 12.5% 33,000 11.6% (2,165) (6.2)% Net income attributable to own

  16. Slide 16: Factors behind Operating Income in FYE March 2021

    Factors behind Operating Income in FYE March 2021 Operating income Operating income (FYE Mar 2020) (FYE Mar 2021) 37.2 Effect from Forecast capacity utilization 34.0 29.9 Effect from cost reductions Others 3.0 2.1 (3.5) (7.6) Currency fluctuations Changes in fixed costs (27.1) Impact of selling pric

  17. Slide 17: Full-Year Forecast by Product Classification (compared to the previous forecast)

    Full-Year Forecast by Product Classification (compared to the previous forecast) FYE Mar 31, 2021 FYE Mar 31, 2021 Forecast as of Aug 7 Forecast as of Nov 9 ¥ in million 1H 2H Full year 1H 2H Full year Actual results Capacitors 87,500 91,500 179,000 92,672 95,828 188,500 Ferrite and applied products

  18. Slide 18: Forecast by Product Classification (Y/Y)

    Forecast of Consolidated Performance by Product Classification (Y/Y) FYE Mar 31, 2021 ¥ in million FYE Mar 31, 2020 Change Y/Y Forecast as of Nov 9 Capacitors 176,457 62.5% 188,500 66.4% 12,043 6.8% Ferrite and applied products 38,770 13.7% 38,000 13.4% (770) (2.0)% Integrated modules & devices 49,8

  19. Slide 19: Return to Shareholders

    Return to Shareholders Annual cash dividends per 15 20 20 21 26 30 share (yen) Net income per share (yen) 125.27 46.08 138.80 189.93 143.04 175.27 Aim to achieve a stable total return ratio of 30% ©TAIYO YUDEN 2017 19 The dividend forecast for FYE March 2021 is unchanged. We hope to continue returni

  20. Slide 20: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  21. Slide 21: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE FYE Mar 31, 2019 FYE Mar 31, 2020 Mar 31, ¥ in million 2021 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net sales 59,576 73,989 73,963 66,820 68,635 73,272 72,187 68,233 60,493 79,728 Capacitors 36,184 43,984 47,362 43,101 43,338 44,473 44,907 43,738 40,075 52,596 Ferr

  22. Slide 22: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©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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