Consolidated Financial Results

Third quarter for the year ending March 31, 2022

Katsuya Sase

Chief of Management Planning Headquarters

February 4, 2022

©TAIYO YUDEN 2017

Financial Summary

3Q for the Year Ending March 2022

  • Net sales were ¥89.8 billion, up 1% Q/Q. Sales remained steady for all applications.
  • Operating income was ¥17.6 billion, down 10% Q/Q. Costs increased alongside expansion in the scale of business etc.
  • Net sales, operating income, ordinary income, and net income attributable to owners of the parent company all recorded all-time highs on the nine-month cumulative basis.

Earnings Forecast for the Year Ending March 2022

  • There are no changes to the full-year results forecasts published in November 2021.
  • The full-year earnings forecasts are for net sales of ¥345.0 billion, up 15% Y/Y, and operating income of ¥64.0 billion, up 57% Y/Y.

©TAIYO YUDEN 2017

2

3Q - Consolidated Financial Results (Q/Q)

FYE Mar 31, 2022

FYE Mar 31, 2022

Change Q/Q

¥ in million

2Q

3Q

(01 Jul 2021 - 30 Sep 2021)

(01 Oct 2021 - 31 Dec 2021)

Net sales

88,833

100.0%

89,840

100.0%

1,007

1.1%

Operating income

19,508

22.0%

17,643

19.6%

(1,864)

(9.6)%

Ordinary income

20,370

22.9%

18,390

20.5%

(1,980)

(9.7)%

Net income attributable

15,479

13,410

to owners of the parent

17.4%

14.9%

(2,068)

(13.4)%

company

Yen/USD

110.10 yen

112.48 yen

2.38 yen

average exchange rate

depreciated

Impact of exchange rate

1.4 billion yen on net sales, 1.1 billion yen on operating income

fluctuation

* Including the impact of currencies other than US dollars

R&D expenses

3,219

3,397

177

5.5%

Capital investment

9,076

8,112

(963)

(10.6)%

Depreciation expenses

7,677

8,015

337

4.4%

©TAIYO YUDEN 2017

3

3Q - Factors behind Operating Income (Q/Q)

Operating income

(2Q FYE Mar 2022)

Operating income

19.5

(3Q FYE Mar 2022)

17.6

©TAIYO YUDEN 2017

Effect from

Currency

cost

fluctuations

reductions

+1.1

+0.2

(0.5)

(0.2)

Impact of

Effect from

(2.4)

capacity

selling price

Changes

utilization

in

fixed costs

4

3Q - Financial Results by Product Classification (Q/Q)

¥ in million

FYE Mar 31, 2022

FYE Mar 31, 2022

Change Q/Q

2Q

3Q

Capacitors

59,035

66.5%

59,787

66.5%

752

1.3%

Inductors

12,863

14.5%

12,957

14.4%

94

0.7%

Integrated modules &

11,959

13.5%

11,351

12.6%

(607)

(5.1)%

devices

Others

4,975

5.6%

5,743

6.4%

768

15.4%

Total net sales

88,833

100.0%

89,840

100.0%

1,007

1.1%

©TAIYO YUDEN 2017

5

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Taiyo Yuden Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 07:35:03 UTC.