Taiyo Yuden : Earnings Release Conference for the 1st Quarter(960KB)

Consolidated Financial Results

First quarter for the year ending March 31, 2024

Tomomitsu Fukuda

Chief of Management Planning Headquarters

August 3, 2023

©TAIYO YUDEN 2017

Financial Summary

1Q for the Year Ending March 2024

Net sales were ¥72.6 billion, nearly the same level as in the previous quarter.

Sales of products for use in Chinese smartphones increased, but inventory adjustments continued in IT infrastructure/industrial equipment.

Operating loss was ¥0.6 billion, a ¥3.5 billion contraction in loss Q/Q. The effect of capacity utilization contributed to this figure.

Earnings Forecast for the Year Ending March 2024

There are no changes to the earnings forecasts.

The earnings forecasts are for net sales of ¥322.0 billion, up 1% Y/Y, and operating profit of ¥15.0 billion, decreased 53% Y/Y.

©TAIYO YUDEN 2017		2

Consolidated Financial Results (Q/Q)

¥ in million	FYE Mar 31, 2023	FYE Mar 31, 2024	Change Q/Q
4Q			1Q
	(01 Jan 2023 -31 Mar 2023)	(01 Apr 2023 -30 Jun 2023)
Net sales	72,458	100.0%	72,612	100.0%	154	0.2%
Operating profit	(4,100)	(5.7)%	(577)	(0.8)%	3,522	ー
Ordinary profit	(3,299)	(4.6)%	1,159	1.6%	4,458	ー
Profit attributable to	(3,636)	(5.0)%	903	1.2%	4,539	ー
owners of parent
Yen/USD	132.75 yen	134.93 yen		2.18 yen
average exchange rate		depreciated
Impact of exchange rate	0.7 billion yen on net sales, 0.7 billion yen on operating profit
fluctuation	*Including the impact of currencies other than US dollars
R&D expenses		3,165		3,169	4	0.1%
Capital investment		14,385		25,968	11,582	80.5%
Depreciation expenses		9,489		8,850	(638)	(6.7)%
©TAIYO YUDEN 2017							3

Factors behind Operating Profit (Q/Q)

Effect from

capacity utilization

+5.0

(1.8)

Impact of selling price

(4.1) Operating profit (4Q FYE Mar 2023)

©TAIYO YUDEN 2017

Effect from

cost reductions

+0.1

(0.5)

Changes

in

fixed costs

Currency fluctuations

+0.7

(0.6)

Operating profit (1Q FYE Mar 2024)

4

Financial Results by Product Classification (Q/Q)

¥ in million	FYE Mar 31, 2023	FYE Mar 31, 2024	Change Q/Q
4Q		1Q
Capacitors	47,225	65.2%	47,133	64.9%	(91)	(0.2)%
Inductors	10,748	14.8%	10,976	15.1%	228	2.1%
Integrated modules &	7,786	10.7%	8,182	11.3%	396	5.1%
devices
Others	6,697	9.2%	6,320	8.7%	(377)	(5.6)%
Total net sales	72,458	100.0%	72,612	100.0%	154	0.2%

©TAIYO YUDEN 2017		5