Taiyo Yuden : Earnings Release Conference for the 1st Quarter(1581KB)

Consolidated Financial Results

First quarter for the year ending March 31, 2023

Katsuya Sase

Chief of Management Planning Headquarters

August 3, 2022

©TAIYO YUDEN 2017

Financial Summary

1Q for the Year Ending March 2023

• Net sales were ¥81.7 billion. This was a decrease of 6% Q/Q due to the impact of lockdowns in some regions accompanying the spread of COVID-19. Operating profit was ¥13.1 billion, down 17% Q/Q.
• Both net sales and operating profit exceeded initial expectations owing to the impact of exchange rates and the control of increases in fixed costs.

Earnings Forecast for the Year Ending March 2023

• There are no changes to the earnings forecasts.
• The full-year earnings forecasts are for net sales of ¥385.0 billion, up 10% Y/Y, and operating profit of ¥70.0 billion, up 3% Y/Y.

©TAIYO YUDEN 2017		2

Consolidated Financial Results (Q/Q)

	FYE Mar 31, 2022	FYE Mar 31, 2023	Change Q/Q
¥ in million	4Q			1Q
	(01 Jan 2022 -31 Mar 2022)	(01 Apr 2022 -30 Jun 2022)
Net sales	87,125	100.0%	81,740	100.0%	(5,385)	(6.2)%
Operating profit	15,919	18.3%	13,142	16.1%	(2,776)	(17.4)%
Ordinary profit	18,256	21.0%	17,204	21.0%	(1,052)	(5.8)%
Profit attributable to	12,502	14.3%	12,236	15.0%	(265)	(2.1)%
owners of parent
Yen/USD	114.66 yen	124.45 yen		9.79 yen
average exchange rate		depreciated
Impact of exchange rate	4.4 billion yen on net sales, 2.9 billion yen on operating profit
fluctuation	* Including the impact of currencies other than US dollars
R&D expenses		3,343		3,112	(230)	(6.9)%
Capital investment		9,238		9,763	525	5.7%
Depreciation expenses		8,300		7,856	(443)	(5.3)%
©TAIYO YUDEN 2017							3

Factors behind Operating Profit (Q/Q)

Operating profit (4Q FYE Mar 2022)

15.9

Changes

in fixed costs

+0.4

(0.8)		(0.2)
	Effect from
Impact of
	cost
selling price
(5.1)	reductions
	Effect from
	capacity
	utilization

©TAIYO YUDEN 2017

Operating profit

(1Q FYE Mar 2023)

13.1

Currency fluctuations

+2.9

4

Financial Results by Product Classification (Q/Q)

¥ in million	FYE Mar 31, 2022	FYE Mar 31, 2023	Change Q/Q
4Q		1Q
Capacitors	58,352	67.0%	54,583	66.8%	(3,768)	(6.5)%
Inductors	11,717	13.4%	11,748	14.4%	31	0.3%
Integrated modules &	11,510	13.2%	9,159	11.2%	(2,351)	(20.4)%
devices
Others	5,545	6.4%	6,248	7.6%	703	12.7%
Total net sales	87,125	100.0%	81,740	100.0%	(5,385)	(6.2)%

©TAIYO YUDEN 2017		5