There was sales and profit growth with net sales up 32% Q/Q at 79.7 billion yen, and operating income up 41% Q/Q at 11.2 billion yen.
Sales and operating income both significantly outperformed the forecasts made in August due to such factors as growth in demand for products used in smartphones and a greater-than-expected recovery in automobile production.
Sales recorded an all-time high on a quarterly basis.
Earnings Forecast for the Year Ending March 2021
The full-year financial results forecasts published in August have been revised upward.
Net sales are projected to increase 1% Y/Y to 284.0 billion yen, and operating income is projected to decrease 9%Y/Y to 34.0 billion yen
The impact on TAIYO YUDEN's business activities has practically disappeared
(as of November 9)
Sales
Procurement
Distribution
Production
We are closely monitoring production trends at client companies and final demand for equipment, etc.
No impact. There were some problems with procurement from suppliers, but we addressed this by changing procurement channels and utilizing current inventory, etc.
There is still some impact, such as lengthening distribution lead times and increasing distribution costs. We are addressing this through transportation using alternative flights and routes.
All production sites in Japan and overseas have been operating as normal since June. It is estimated 1Q net sales decreased 7.0 billion yen due to restrictions on operations from March - May.
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Taiyo Yuden Co. Ltd. published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 07:39:03 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%).
TAIYO YUDEN CO., LTD. 
