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
(B-A)
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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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.
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%).