Taiyo Yuden Co., Ltd. · TSE:6976

Taiyo Yuden — Q2 FY2024 Earnings Presentation

26 slides from Taiyo Yuden's earnings presentation, Nov 7, 2023

  1. Slide 1: Consolidated Financial Results

    Consolidated Financial Results Second quarter for the year ending March 31, 2024 Tomomitsu Fukuda Chief of Management Planning Headquarters November 7, 2023 ©TAIYO YUDEN 2017

  2. Slide 2: Financial Summary

    Financial Summary 2Q for the Year Ending March 2024 Net sales were ¥82.8 billion, up 14% Q/Q. Sales increased in all product classifications. In particular, sales of inductors increased significantly, up 44% Q/Q. Sales increased Q/Q for all applications, especially for use in communication equipment

  3. Slide 3: 2Q – Consolidated Financial Results (Q/Q)

    2Q – Consolidated Financial Results (Q/Q) FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million 1Q 2Q Change Q/Q (01 Apr 2023 –30 Jun 2023) (01 Jul 2023 –30 Sep 2023) Net sales 72,612 100.0% 82,814 100.0% 10,201 14.0% Operating profit (577) (0.8)% 2,721 3.3% 3,299 ー Ordinary profit 1,159 1.6% 5,127 6.2% 3,

  4. Slide 4: 2Q – Factors behind Operating Profit (Q/Q)

    2Q – Factors behind Operating Profit (Q/Q) ©TAIYO YUDEN 2017 4

  5. Slide 5: 2Q – Financial Results by Product Classification (Q/Q)

    2Q – Financial Results by Product Classification (Q/Q) FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million Change Q/Q 1Q 2Q Capacitors 47,133 64.9% 51,950 62.7% 4,816 10.2% Inductors 10,976 15.1% 15,748 19.0% 4,772 43.5% Integrated modules & devices 8,182 11.3% 8,326 10.1% 143 1.8% Others 6,320 8.7% 6,78

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

    2Q – Financial Results by Product Classification (Q/Q) (¥ in billion) ■ Capacitors (+10.2% Q/Q) Sales for all applications increased, primarily sales for use in communication equipment and automobiles. ■ Inductors (+43.5% Q/Q) Sales increased for all applications. Sales increased significantly parti

  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, 2024 ©TAIYO YUDEN 2017

  9. 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

  10. Slide 10: Sales Forecast by Product Classification for 3Q

    Sales Forecast by Product Classification for 3Q FYE Mar 31, 2024 FYE Mar 31, 2024 ¥ in million 3Q 2Q (Change Q/Q) Capacitors 51,950 +4~8% Inductors 15,748 (6~2)% Integrated modules & 8,326 +1~5% devices Others 6,789 (4) ~±0% Total net sales 82,814 +1~5% Yen/USD （Assumption） 142.47 yen average exchan

  11. Slide 11: Shareholder Return Policy

    Shareholder Return Policy (¥ in billion) 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

  12. Slide 12: Issuance of Euro-Yen Denominated Convertible Bond-Type Bonds due 2030

    Issuance of Euro-Yen Denominated Convertible Bond-Type Bonds with Share Acquisition Rights due in 2030 Total amount of issue 50 billion yen Maturity 7 years Date when issuance was resolved/issuance October 4, 2023 conditions were determined Payment date (issue date) October 20, 2023 Maturity date Oc

  13. Slide 13: Supplementary Information

    Supplementary Information ©TAIYO YUDEN 2017

  14. Slide 14: 2Q – Consolidated Financial Results (Y/Y)

    2Q – Consolidated Financial Results (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 2Q 2Q Net sales 86,272 100.0% 82,814 100.0% (3,458) (4.0)% Operating profit 16,475 19.1% 2,721 3.3% (13,753) (83.5)% Ordinary profit 18,355 21.3% 5,127 6.2% (13,227) (72.1)% Profit attributable to own

  15. Slide 15: 2Q – Factors behind Operating Profit (Y/Y)

    2Q – Factors behind Operating Profit (Y/Y) (¥ in billion) ©TAIYO YUDEN 2017 15

  16. Slide 16: 2Q – Financial Results by Product Classification (Y/Y)

    2Q – Financial Results by Product Classification (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 2Q 2Q Capacitors 56,438 65.4% 51,950 62.7% (4,488) (8.0)% Inductors 15,156 17.6% 15,748 19.0% 591 3.9% Integrated modules & devices 8,276 9.6% 8,326 10.1% 49 0.6% Others 6,400 7.4% 6,789

  17. Slide 17: 2Q – Financial Results by Product Classification (Y/Y)

    2Q – Financial Results by Product Classification (Y/Y) ■ Capacitors ((8.0)% Y/Y) Sales decreased for use in consumer products, information equipment, and IT infrastructure/industrial equipment. On the other hand, sales increased for use in communication equipment and automobiles. ■ Inductors (+3.9%

  18. Slide 18: 1-2Q - Consolidated Financial Results (Y/Y)

    1-2Q - Consolidated Financial Results (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 1-2Q 1-2Q Net sales 168,013 100.0% 155,427 100.0% (12,586) (7.5)% Operating profit 29,618 17.6% 2,143 1.4% (27,474) (92.8)% Ordinary profit 35,559 21.2% 6,287 4.0% (29,272) (82.3)% Profit attributab

  19. Slide 19: 1-2Q – Factors behind Operating Profit (Y/Y)

    1-2Q – Factors behind Operating Profit (Y/Y) (¥ in billion) ©TAIYO YUDEN 2017 19

  20. Slide 20: 1-2Q – Financial Results by Product Classification (Y/Y)

    1-2Q – Financial Results by Product Classification (Y/Y) FYE Mar 31, 2023 FYE Mar 31, 2024 ¥ in million Change Y/Y 1-2Q 1-2Q Capacitors 111,021 66.1% 99,084 63.7% (11,937) (10.8)% Inductors 26,905 16.0% 26,724 17.2% (181) (0.7)% Integrated modules & devices 17,436 10.4% 16,509 10.6% (927) (5.3)% Oth

  21. Slide 21: 1-2Q – Financial Results by Product Classification (Y/Y)

    1-2Q – Financial Results by Product Classification (Y/Y) (¥ in billion) ■ Capacitors ((10.8)% Y/Y) Sales for use in consumer products, information equipment, and IT infrastructure/industrial equipment decreased. Sales for use in communication equipment and automobiles increased. ■ Inductors ((0.7)%

  22. Slide 22: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) FYE Mar 31, FYE Mar 31, 2022 FYE Mar 31, 2023 ¥ in million 2024 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net sales 83,836 88,833 89,840 87,125 81,740 86,272 79,032 72,458 72,612 82,814 Capacitors 53,209 59,035 59,787 58,352 54,583 56,438 49,867 47,225 47,133 51,950 Indu

  23. Slide 23: Consolidated Earnings Trends (Quarterly)

    Consolidated Earnings Trends (Quarterly) (¥ in billion) (¥ in billion) ©TAIYO YUDEN 2017 23

  24. Slide 24: 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 24

  25. Slide 25: 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

  26. Slide 26: ©TAIYO YUDEN 2017

    TAIYO YUDEN @©TAIYO YUDEN 2017

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