Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q1 FY2023 Earnings Presentation

22 slides from Taiyo Yuden's earnings presentation, Aug 3, 2022

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results First quarter for the year ending March 31, 2023 Katsuya Sase Chief of Management Planning Headquarters August 3, 2022 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary 1Q for the Year Ending March 2023

    Financial Summary 1Q for the Year Ending March 2023  Net sales were ¥81.7 billion. This was a decrease of 6% Q/Q due to the impact of lockdowns in some regions accompanying the spread of COVID-19. Operating profit was ¥13.1 billion, down 17% Q/Q.  Both net sales and operating profit exceeded initi

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

    Consolidated Financial Results (Q/Q) FYE Mar 31, 2022 FYE Mar 31, 2023 ¥ in million 4Q 1Q Change Q/Q (01 Jan 2022 –31 Mar 2022) (01 Apr 2022 –30 Jun 2022) Net sales 87,125 100.0% 81,740 100.0% (5,385) (6.2)% Operating profit 15,919 18.3% 13,142 16.1% (2,776) (17.4)% Ordinary profit 18,256 21.0% 17,2

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

    Factors behind Operating Profit (Q/Q) Operating profit (4Q FYE Mar 2022) 15.9 Operating profit (1Q FYE Mar 2023) 13.1 Currency Changes fluctuations in +2.9 fixed costs +0.4 (0.8) (0.2) Effect from Impact of cost selling price reductions (5.1) Effect from capacity utilization ©TAIYO YUDEN 2017 4 A fa

  5. Slide 5: Financial Results by Product Classification (Q/Q)

    Financial Results by Product Classification (Q/Q) FYE Mar 31, 2022 FYE Mar 31, 2023 ¥ in million Change Q/Q 4Q 1Q Capacitors 58,352 67.0% 54,583 66.8% (3,768) (6.5)% Inductors 11,717 13.4% 11,748 14.4% 31 0.3% Integrated modules & 11,510 13.2% 9,159 11.2% (2,351) (20.4)% devices Others 5,545 6.4% 6,

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

    Financial Results by Product Classification (Q/Q) ■ Capacitors ((6.5)% Q/Q) Although sales for use in consumer products increased, sales for other applications decreased, primarily sales for use in communication equipment such as smartphones. ■ Inductors (+0.3% Q/Q) Sales for use in consumer product

  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, 2023 ©TAIYO YUDEN 2017

  9. Slide 9: Full-Year Forecast

    Full-Year Forecast FYE Mar 31, 2023 ¥ in million FYE Mar 31, 2022 Change Y/Y 1H Forecast Net sales 349,636 100.0% 183,000 385,000 100.0% 35,364 10.1% Operating profit 68,218 19.5% 32,000 70,000 18.2% 1,782 2.6% Ordinary profit 72,191 20.6% 31,000 69,000 17.9% (3,191) (4.4)% Profit attributable to ow

  10. Slide 10: 2Q - Forecast by Product Classification

    2Q - Forecast by Product Classification FYE Mar 31, 2023 FYE Mar 31, 2023 ¥ in million 2Q 1Q (Change Q/Q) Capacitors 54,583 +9-13% Inductors 11,748 +36-40% Integrated modules & 9,159 (13-17)% devices Others 6,248 +6-10% Total net sales 81,740 +10-14% Yen/USD (Assumption) 124.45 yen average exchange

  11. Slide 11: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  12. Slide 12: Impact of International Situation, COVID-19 and Other Factors

    Impact of International Situation, COVID-19 and Other Factors Shipments were sluggish in April – May 2022 given the impact of Sales large-scale lockdowns in some regions due to the spread of COVID-19. Although procurement costs are rising and procurement lead Procurement times increasing, we do not

  13. Slide 13: Shareholder Return Policy

    Shareholder Return Policy Annual cash dividends per share (yen) 20 20 21 26 40 80 90 Basic earnings per share (yen) 46.08 138.80 189.93 143.04 227.99 433.46 385.21 Aim to achieve a stable dividend payout ratio of 30% ©TAIYO YUDEN 2017 13

  14. Slide 14: Consolidated Financial Results (Y/Y)

    Consolidated Financial Results (Y/Y) FYE Mar 31, 2022 FYE Mar 31, 2023 ¥ in million Change Y/Y 1Q 1Q Net sales 83,836 100.0% 81,740 100.0% (2,096) (2.5)% Operating profit 15,147 18.1% 13,142 16.1% (2,004) (13.2)% Ordinary profit 15,174 18.1% 17,204 21.0% 2,030 13.4% Profit attributable to owners of

  15. Slide 15: Factors behind Operating Profit (Y/Y)

    Factors behind Operating Profit (Y/Y) Operating profit (1Q FYE Mar 2022) Operating profit 15.1 (1Q FYE Mar 2023) 13.1 Currency fluctuations +4.8 (1.2) (0.8) Impact of (2.6) Effect from (2.2) selling price Effect from cost Changes in capacity reductions fixed costs utilization ©TAIYO YUDEN 2017 15

  16. Slide 16: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) FYE Mar 31, 2022 FYE Mar 31, 2023 ¥ in million Change Y/Y 1Q 1Q Capacitors 53,209 63.5% 54,583 66.8% 1,374 2.6% Inductors 11,386 13.6% 11,748 14.4% 362 3.2% Integrated modules & 13,977 16.7% 9,159 11.2% (4,818) (34.5)% devices Others 5,263 6.3% 6,248

  17. Slide 17: Financial Results by Product Classification (Y/Y)

    Financial Results by Product Classification (Y/Y) ■ Capacitors (+2.6% Y/Y) Sales in applications other than communication equipment increased. In particular, sales for use in information equipment, such as SSD and memory modules, and sales for use in IT infrastructure/industrial equipment were stron

  18. Slide 18: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE FYE Mar 31, 2021 FYE Mar 31, 2022 Mar 31, ¥ in million 2023 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Net sales 60,493 79,728 81,226 79,471 83,836 88,833 89,840 87,125 81,740 Capacitors 40,075 52,596 51,895 50,630 53,209 59,035 59,787 58,352 54,583 Inductors 7,928 10,90

  19. Slide 19: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) Net sales ©TAIYO YUDEN 2017 19

  20. Slide 20: 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 20

  21. Slide 21: 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

  22. Slide 22: ©TAIYO YUDEN 2017

    @TAIYO YUDEN 2017 TAIYO YUDEN

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