Slide 1: Consolidated Financial Results
Consolidated Financial Results Year ended March 31, 2020 Shinji Masuyama Chief of Management Planning Headquarters May 12, 2020 ©TAIYO YUDEN 2017
Slide 2: Financial Summary FYE March 2020
Financial Summary FYE March 2020 Net sales increased 3% Y/Y to ¥282.3 billion, and operating income increased 6% to ¥37.2 billion, resulting in revenue and profit growth. Net sales and net income recorded all-time highs. Sales of capacitors increased 3% Y/Y. This growth was led by expansion of
Slide 3: Summary of Consolidated Financial Results (Y/Y)
Summary of Consolidated Financial Results (Y/Y) ¥ in million FYE Mar 31, 2019 FYE Mar 31, 2020 Change Y/Y (01 Apr 2018 – 31 Mar 2019) (01 Apr 2019 – 31 Mar 2020) Net sales 274,349 100.0% 282,329 100.0% 7,980 2.9% Operating income 35,237 12.8% 37,176 13.2% 1,938 5.5% Ordinary income 34,351 12.5% 35,1
Slide 4: Exchange rate, R&D, capital investment and depreciation
The average exchange rate during FYE March 2020 was US$1:¥109.06, an appreciation of 1.43 yen compared to the previous fiscal year. The impact from this was a decrease of 3.9 billion yen in net sales and 0.9 billion yen in operating income. R&D expenses were 12.9 billion yen, nearly the same Y/Y. Ca
Slide 5: Factors behind Operating Income in FYE March 2020
Factors behind Operating Income in FYE March 2020 Operating income Operating income (FYE Mar 2020) (FYE Mar 2019) 37.2 35.2 Effect from capacity utilization 10.7 Effect from Cost reduction 2.4 (0.9) (3.7) Currency (6.5) Changes in fluctuations Impact of fixed costs selling price ©TAIYO YUDEN 2017 4
Slide 6: Financial Results by Product Classification (Y/Y)
Financial Results by Product Classification (Y/Y) ¥ in million FYE Mar 31, 2019 FYE Mar 31, 2020 Change Y/Y Capacitors 170,633 62.2% 176,457 62.5% 5,824 3.4% Ferrite and applied products 40,595 14.8% 38,770 13.7% (1,825) (4.5)% Integrated modules & devices 47,930 17.5% 49,808 17.6% 1,877 3.9% Others
Slide 7: Financial Results by Product Classification (Y/Y)
Financial Results by Product Classification (Y/Y) ■ Capacitors （+3.4%） The growth was led by expansion of sales for automobiles where use of electronic components is advancing. Sales for use in IT infrastructure/industrial equipment, such as base station communication devices, also increased. ■ Ferr
Slide 8: Sales by Market Sector
Sales by Market Sector *Estimated by the Company ©TAIYO YUDEN 2017 7 Composition of sales classified by market sector was 18% for use in automobiles, up 3 percentage points Y/Y. TAIYO YUDEN has focused on sales for use in automobiles for some time, and both net sales and composition of sales have in
Slide 9: Forecast of Consolidated Performance
Forecast of Consolidated Performance First quarter of the year ending March 31, 2021 ©TAIYO YUDEN 2017
Slide 10: Forecast for 1Q of FYE March 2021
Forecast for 1Q of FYE March 2021 FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million Change 4Q 1Q Forecast Net sales 68,233 100.0% 60,000 100.0% (8,233) (12.1)% Operating income 7,431 10.9% 3,000 5.0% (4,431) (59.6)% Ordinary income 6,835 10.0% 2,500 4.2% (4,335) (63.4)% Net income attributable to owner
Slide 11: Forecast by Product Classification for 1Q of FYE March 2021
Forecast by Product Classification for 1Q of FYE March 2021 FYE Mar 31, 2020 FYE Mar 31, 2021 ¥ in million Change 4Q 1Q Forecast Capacitors 43,738 64.1% 39,000 65.0% (4,738) (10.8)% Ferrite and applied products 9,090 13.3% 8,000 13.3% (1,090) (12.0)% Integrated modules & devices 11,226 16.5% 10,000
Slide 12: Impact of Novel Coronavirus Disease (COVID-19)
Impact of Novel Coronavirus Disease (COVID-19) ©TAIYO YUDEN 2017
Slide 13: Impact of COVID-19
Impact of COVID-19 Production sites in the Philippines and Malaysia are operating although there are constraints due to Production government restrictions on activities and travel. Sites in other regions are operating as normal. We are closely monitoring production trends at client Sales companies a
Slide 14: Operating Status of Production Sites
Operating Status of Production Sites Operation Country Company Main production items status TAIYO YUDEN, FUKUSHIMA TAIYO Multilayer ceramic capacitors, YUDEN, NIIGATA TAIYO YUDEN, Operating Japan inductors, communication WAKAYAM TAIYO YUDEN, TAIYO as normal devices, modules, etc. YUDEN Mobile Techno
Slide 15: Malaysia: ELNA-SONIC
Malaysia: ELNA-SONIC Operations shut down for approximately one month from March 18 due to Restriction of Movement Order. There were limits on the number of workers even when operations were resumed after obtaining approval from government authorities, but currently operating as normal.
Slide 16: Supplementary Information
Supplementary Information ©TAIYO YUDEN 2017
Slide 17: Consolidated Earnings Trends (Half Yearly)
Consolidated Earnings Trends (Half Yearly) FYE Mar 31, 2018 FYE Mar 31, 2019 FYE Mar 31, 2020 ¥ in million 1H 2H 1H 2H 1H 2H Net sales 118,180 125,937 133,565 140,783 141,908 140,420 Capacitors 66,767 76,091 80,168 90,464 87,812 88,645 Ferrite and applied products 20,223 20,753 21,154 19,441 19,376
Slide 18: Consolidated Earnings Trends (Quarterly)
Consolidated Earnings Trends (Quarterly) FYE Mar 31, 2019 FYE Mar 31, 2020 ¥ in million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Net sales 59,576 73,989 73,963 66,820 68,635 73,272 72,187 68,233 Capacitors 36,184 43,984 47,362 43,101 43,338 44,473 44,907 43,738 Ferrite and applied products 9,228 11,926 11,209 8,231
Slide 19: Consolidated Earnings Trends (Quarterly)
Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 17
Slide 20: 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 18
Slide 21: Consolidated Financial Position
Consolidated Financial Position ©TAIYO YUDEN 2017 19
Slide 22: 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 23: TAIYO YUDEN
©TAIYO YUDEN 2017 TAIYO YUDEN