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1st Jan Change
3,643
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-2.38%
-2.33%
Taiyo Yuden : Earnings Release Conference for the 3rd Quarter(518KB)
February 04, 2022 at 02:36 am
Consolidated Financial Results
Third quarter for the year ending March 31, 2022
Katsuya Sase
Chief of Management Planning Headquarters
February 4, 2022
Financial Summary
3Q for the Year Ending March 2022
Net sales were ¥89.8 billion, up 1% Q/Q. Sales remained steady for all applications.
Operating income was ¥17.6 billion, down 10% Q/Q. Costs increased alongside expansion in the scale of business etc.
Net sales, operating income, ordinary income, and net income attributable to owners of the parent company all recorded all-time highs on the nine-month cumulative basis.
Earnings Forecast for the Year Ending March 2022
There are no changes to the full-year results forecasts published in November 2021.
The full-year earnings forecasts are for net sales of ¥345.0 billion, up 15% Y/Y, and operating income of ¥64.0 billion, up 57% Y/Y.
3Q - Consolidated Financial Results (Q/Q)
FYE Mar 31, 2022
FYE Mar 31, 2022
Change Q/Q
¥ in million
2Q
3Q
(01 Jul 2021 - 30 Sep 2021)
(01 Oct 2021 - 31 Dec 2021)
Net sales
88,833
100.0%
89,840
100.0%
1,007
1.1%
Operating income
19,508
22.0%
17,643
19.6%
(1,864)
(9.6)%
Ordinary income
20,370
22.9%
18,390
20.5%
(1,980)
(9.7)%
Net income attributable
15,479
13,410
to owners of the parent
17.4%
14.9%
(2,068)
(13.4)%
company
Yen/USD
110.10 yen
112.48 yen
2.38 yen
average exchange rate
depreciated
Impact of exchange rate
1.4 billion yen on net sales, 1.1 billion yen on operating income
fluctuation
* Including the impact of currencies other than US dollars
R&D expenses
3,219
3,397
177
5.5%
Capital investment
9,076
8,112
(963)
(10.6)%
Depreciation expenses
7,677
8,015
337
4.4%
©TAIYO YUDEN 2017
3
3Q - Factors behind Operating Income (Q/Q)
Operating income
(2Q FYE Mar 2022)
Operating income
19.5
(3Q FYE Mar 2022)
17.6
Effect from
Currency
cost
fluctuations
reductions
+1.1
+0.2
(0.5)
(0.2)
Impact of
Effect from
(2.4)
capacity
selling price
Changes
utilization
in
fixed costs
4
3Q - Financial Results by Product Classification (Q/Q)
¥ in million
FYE Mar 31, 2022
FYE Mar 31, 2022
Change Q/Q
2Q
3Q
Capacitors
59,035
66.5%
59,787
66.5%
752
1.3%
Inductors
12,863
14.5%
12,957
14.4%
94
0.7%
Integrated modules &
11,959
13.5%
11,351
12.6%
(607)
(5.1)%
devices
Others
4,975
5.6%
5,743
6.4%
768
15.4%
Total net sales
88,833
100.0%
89,840
100.0%
1,007
1.1%
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Taiyo Yuden Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 04 February 2022 07:35:03 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Taiyo Yuden Co., Ltd. specializes in the design, manufacturing and marketing of electronic components. Net sales break down by family of products as follows:
- ceramic capacitor (64.9%);
- modules (15.6%);
- ferrites for inductors (13.8%);
- other (5.7%): primarily ceramic microchips.
Net sales break down by market between communication equipment (32%; mobile phones, etc.), IT infrastructure and industrial equipment (24%), automotive (19%), IT equipment (15%; computers and peripherals) and consumer electronics (10%; TV-sets, digital cameras, game consoles, etc.).
Net sales are distributed geographically as follows: Japan (9.7%), China (35.8%), Hong Kong (16%) and other (35.8%).
More about the company
Last Close Price
3,643
JPY
Average target price
4,216
JPY
Spread / Average Target
+15.72%
Consensus
1st Jan change
Capi.
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Electronic Component
+951% of historical performance
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