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TAIYO YUDEN Revises Forecasts of Results

TOKYO, August 5, 2021 - TAIYO YUDEN CO., LTD. announced revisions to its forecasts for the consolidated financial results previously published on May 13, 2021 for the six-month period (April 1, 2021 - September 30, 2021) and the full year (April 1, 2021 - March 31, 2022) for the year ending March 31, 2022.

The details are as follows.

1. Forecast Revision of Consolidated Results for the Six-month Period Ending September 30, 2021

(April 1, 2021 - September 30, 2021)

Unit: Millions of yen

Net income

Net

Operating

Ordinary

attributable

Net sales

income per

to owners of

income

income

share

the parent

[Yen]

company

Previous forecast

(A)

170,000

25,000

23,500

15,500

123.49

Revised forecast

(B)

175,000

33,000

33,000

25,000

199.18

Net change

(BA)

5,000

8,000

9,500

9,500

Net change

[%]

2.9%

32.0%

40.4%

61.3%

(Reference)

Six-month period ended

140,222

19,126

18,183

11,442

91.16

September 30, 2020

2. Forecast Revision of Consolidated Results for the Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)

Unit: Millions of yen

Net income

Net

Operating

Ordinary

attributable

Net sales

income per

to owners of

income

income

share

the parent

[Yen]

company

Previous forecast

(A)

328,000

47,000

45,000

30,000

239.01

Revised forecast

(B)

333,000

55,000

54,500

39,500

314.70

Net change

5,000

8,000

9,500

9,500

(B A)

Net change

[%]

1.5%

17.0%

21.1%

31.7%

(Reference)

300,920

40,766

41,247

28,615

227.99

Fiscal year ended

March 31, 2021

3. Rationale

During the second quarter (the six-month period ending September 30, 2021), it is expected that demand for competitive, high value-added, high reliability and cutting edge products will be at higher-than-expected levels due to the following factors: the increase in working from home and at-home learning using electronic devices, enhancements in functionality and performance of communication equipment, particularly 5G smartphones, and advancing use of electronics and electronic components in automobiles and IT infrastructure. Therefore, the Company will upwardly revise the results forecasts.

The Company has not revised the results forecasts for the third quarter onward as it is difficult to foresee global economic and currency trends, and the outlook for COVID-19 and the electronics market. However, the Company will upwardly revise the full-year results forecasts based on the revision of the results forecasts for the second quarter.

Although there are concerns that the impact of COVID-19 will be prolonged, it is assumed that the Group's business activities will be able to operate as normal without any major obstacles. The assumption for the average foreign currency exchange rate has been revised to ¥109 for the second quarter, but there is no change to the previous forecast of ¥105 from the third quarter onward.

Disclaimer concerning Forecasts of Results:

The aforementioned forecasts of results are based on information available as of the date of this news release. As a result, information included in this document may include uncertain factors, and actual results may differ materially from forecasts due to a variety of factors.

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Disclaimer

Taiyo Yuden Co. Ltd. published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 07:25:06 UTC.