Integrated Report
TAIYO YUDEN Report 2020
Editorial Policy
The TAIYO YUDEN Group has issued an integrated report titled TAIYO YUDEN Report as a communication tool for its various stakeholders including investors. The report contains information on the Group's financial position and results, management strategies and efforts to address envi- ronmental, social and governance (ESG) concerns with the aim of conveying in an easy-to-understand manner how the TAIYO YUDEN Group works diligently to realize sustainable growth and contribution to society. This includes efforts to resolve both customers' and society's issues by delivering various module, software and other comprehensive solutions such as the provision of highly reliable electronic components.
Moving forward, the TAIYO YUDEN Group will continue to sincerely respond to the requests of stakeholders while endeavoring to make its activities better understood.
For details on the TAIYO YUDEN Group's financial and non-financial information, please visit our website at:
Investor Relations https://www.yuden.co.jp/or/ir/
Sustainability https://www.yuden.co.jp/or/company/sustainability/
External Evaluation
Based on favorable evaluations for its efforts to address sustainability issues, the TAIYO YUDEN Group has been
selected for inclusion in the following ESG indexes.
FTSE4Good Index Series
The FTSE4Good Index Series is an index compiled by FTSE Russell (UK). The index includes companies that have demonstrated strong Environment, Social, and Governance (ESG) practices that are based on global standards.
FTSE Blossom Japan Index
The FTSE Blossom Japan Index is an index compiled by FTSE Russell and includes Japanese companies that have demonstrated strong ESG practices. The Government Pension Investment Fund (GPIF) of Japan has selected this index as a core ESG index.
MSCI Japan Empowering Women Index (WIN)
The MSCI Japan Empowering Women Index is an index compiled by MSCI (US). The index includes Japanese companies with high gender diversity scores thanks to their promotion of women in the workplace. The Government Pension Investment Fund (GPIF) of Japan has selected this index as a core ESG index.
S&P/JPX Carbon Efficient Index
The S&P/JPX Carbon Efficient Index is an index compiled by the Tokyo Stock Exchange and S&P Dow Jones Indices (US). Companies included are selected based on their disclosure of environment-related information and their carbon efficiency standards. The Government Pension Investment Fund (GPIF) of Japan has selected this index as a core ESG index.
SOMPO Sustainability Index
The SOMPO Sustainability Index is an index compiled by SOMPO Asset Management. The index is composed of Japanese companies with strong ESG performance evaluations and stock valuations.
2 TAIYO YUDEN Report 2020
Contents
Section 1
VALUE CREATION STORY
4 Value Creation Story
6 The History of Value Creation
8 Business Domains
10 Our Goals
12 Financial and Non-financial Highlights
14 Message from the President
22 Feature: TAIYO YUDEN Value Creation
Product Development Centered on
Material & Multilayer Technologies
Section 2
STRATEGIES FOR THE
CREATION OF VALUE
26 Strategies for the Creation of Value
28 Market Environment and Business Development
30 Business Model
32 Medium-term Management Plan
34 At a Glance
36Research and Development Activities
38Human Resources Strategy
Scope of Report
This report covers (as of March 31, 2020) 26 companies, comprising TAIYO YUDEN, 10 domestic subsidiaries and 16 overseas subsidiaries.
Reference Guidelines
For editing purposes, reference was made to the International Integrated Reporting Framework recommended by the International Integrated Reporting Council (IIRC) and the Guidance for Collaborative Value Creation provided by the Ministry of Economy, Trade and Industry. For ESG-related information, we referred to the Ministry of the Environment's Environmental Reporting Guidelines (2012 version). We also refer to GRI guidelines and publish environment-related indicators.
Notes
- Period covered by this report: From April 1, 2019 to March 31, 2020. The figures in this report omit amounts less than hundred million yen and 1 million yen and displays it.
- The following convention has been applied as regards the labeling of fiscal years in graphs: "The fiscal year ended March 2019," for example, has been shortened to "2019."
Section 3
FOUNDATION UNDERPINNING VALUE CREATION
40Roundtable Discussion with the Outside Directors
44Executives
46ESG
46Management system
48Environment (E) and Social (S) activities
50Corporate Governance (G)
DATA SECTION
5411-year Summary
56Financial Review
58Consolidated Financial Statements
66Notes - Significant accounting policies for preparation of consolidated financial statements
100Independent Auditor's Report
104Corporate Data
105Stock Information
- The English-language version of this report is based on the Japanese-language ver- sion. With the exception of the financial statements, all figures presented have been rounded down to the nearest appropriate unit. As a result, there are cases when a presented figure differs slightly from the equivalent figure in the financial statements.
- Owned by Bluetooth SIG, Inc., the Bluetooth® word mark and logos are being used by TAIYO YUDEN under a licensing agreement.
- The contents of this report are correct as of June 26, 2020.
Disclaimer
This report is intended to provide information about the business performance and strategies of the TAIYO YUDEN Group. It is not intended as an inducement to purchase or sell stock in TAIYO YUDEN. Statements in this report that are not historical fact are forward-looking statements based on the current beliefs, estimates and expectations of TAIYO YUDEN Group management. As these beliefs, estimates and expectations are subject to a number of risks, uncertainties and assumptions, actual results may differ materially. TAIYO YUDEN undertakes no obligation to update any forward-looking statements, and shall in no event be liable for any damages arising out of the use or interpretation of this material. Please refrain from copying or disseminating this material without the prior consent of TAIYO YUDEN.
TAIYO YUDEN Report 2020 | 3 |
Section
1
VALUE CREATION
STORY
Management Philosophy
Employee Well-being
Betterment of Local Communities
Responsibility to Provide Returns to
Shareholders
TAIYO YUDEN Vision
To be an excellent company
that enjoys the trust and highest regard
from our customers
4 TAIYO YUDEN Report 2020
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Taiyo Yuden Co. Ltd. published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 06:24:00 UTC