TAIYO YUDEN CO., LTD. Consolidated Results for
the six months ended September 30, 2020
November 9, 2020
Company name: TAIYO YUDEN CO., LTD.
URL: http：//www.ty-top.com/
Representative: Shoichi Tosaka, President and Chief Executive Officer
Contact: Tomomitsu Fukuda, Senior Operating Officer, Deputy Chief of Management Planning Headquarters Telephone number: +81-3-6757-8310
Listing exchange: Tokyo Stock Exchange (Code Number: 6976)
Preparation of supplementary materials for the quarterly
financial results: Yes
Holding of presentation of
quarterly financial results: Yes (For institutional investors and investment analysts)
1. Consolidated financial results for the period from April 1, 2020 to September 30, 2020
(1) Operating results | (Percentages represent changes from the same period in the previous fiscal year.) | ||||||||||||
Net income attributable | |||||||||||||
Net sales | Operating income | Ordinary income | to owners of the parent | ||||||||||
company | |||||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
140,222 | (1.2) | 19,126 | (5.8) | 18,183 | (5.2) | 11,442 | (25.4) | ||||||
September 30, 2020 | |||||||||||||
Six months ended | 141,908 | 6.2 | 20,298 | 38.1 | 19,176 | 24.6 | 15,332 | 39.6 | |||||
September 30, 2019 | |||||||||||||
Note: Comprehensive income | |||||||||||||
ended on September 30, 2020 | 12,837 million yen ; 36.2% | ended on September 30, 2019 | 9,427 million yen ; (27.6 %) | ||||||||||
Net income | Diluted net income | ||||||||||||
per share | per share | ||||||||||||
Six months ended | Yen | Yen | |||||||||||
91.16 | 90.91 | ||||||||||||
September 30, 2020 | |||||||||||||
Six months ended | 121.27 | 120.98 | |||||||||||
September 30, 2019 | |||||||||||||
(2) Financial position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||
As of September 30, 2020 | 375,980 | 221,200 | 58.7 | 1,757.43 | |||||||||
As of March 31, 2020 | 343,122 | 210,454 | 61.2 | 1,672.40 | |||||||||
(Reference) Shareholder's | equity | As of September 30, | 2020 | 220,588 million yen | |||||||||
As of March 31, 2020 | 209,891 million yen | ||||||||||||
2. Dividend information | |||||||||||||
Cash dividends per share | |||||||||||||
1Q | 2Q | 3Q | Year end | Total | |||||||||
Year ended | Yen | Yen | Yen | Yen | Yen | ||||||||
－ | 11.00 | － | 15.00 | 26.00 | |||||||||
March 31, 2020 | |||||||||||||
Year ending | － | 15.00 | |||||||||||
March 31, 2021 | |||||||||||||
Year ending | 15.00 | 30.00 | |||||||||||
March 31, 2021 | － | ||||||||||||
(forecast) |
Note: No changes in the forecasted dividend during the second quarter ended September 30, 2020.
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3. Forecasts of operating results for the period from April 1, 2020 to March 31, 2021
(Percentages represent changes from same period in the previous fiscal year.)
Net income | Net income | ||||||||
Net sales | Operating income | Ordinary income | attributable to | ||||||
owners of the | per share | ||||||||
parent company | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Year ending | 284,000 | 0.6 | 34,000 | (8.5) | 33,000 | (6.2) | 22,000 | 22.1 | 175.27 |
March 31, 2021 | |||||||||
Note: There are changes in | the forecasted results | during the second | quarter ended September 30, 2020. |
4. Note
- Changes in principal subsidiaries during the six months ended September 30, 2020: No Number of subsidiaries/Company Name Inclusion: - ; Exclusion; -
- Adoption of specific accounting procedures for quarterly consolidated reporting: No
- Changes in accounting policies and accounting estimates, and restatements
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies by the reasons other than "a.": No
- Changes in accounting estimates: No
- Restatement: No
- Number of common shares outstanding :
- Number of common shares outstanding (including treasury stock):
As of September 30, 2020 | 130,218,481 | shares | As of March 31, 2020 |
b. Number of treasury stock: | |||
As of September 30, 2020 | 4,700,468 | shares | As of March 31, 2020 |
c. Average number of common shares outstanding: | |||
Six months ended | 125,509,275 | shares | Six months ended |
September 30, 2020 | September 30, 2019 | ||
130,218,481 shares
4,715,775 shares
126,427,341 shares
Others :
- This financial press release is out of scope of the audit procedure.
- Forecasts of operating results include a number of assumptions based on information currently available and certain premises which were judged to be rational. Please note that these forecasts may significantly differ from actual results with various factors.
- TAIYO YUDEN will post the financial supplementary data on its web-site.
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Table of contents | |||
1. Qualitative Information Concerning Financial Statements and Other ..................................... | 1 | ||
(1) | Consolidated Operating Results...................................................................................... | 1 | |
(2) | Consolidated Financial Conditions ................................................................................. | 4 | |
(3) | Forecasts of Consolidated Operating Results ................................................................. | 5 | |
2. | Consolidated Financial Statements .......................................................................................... | 7 | |
(1) | Consolidated Balance Sheets .......................................................................................... | 7 | |
(2) | Consolidated Statements of Operations and Consolidated Statements of | ||
Comprehensive Income................................................................................................... | 9 | ||
Consolidated Statements of Operations .................................................................. | 9 | ||
Consolidated Statements of Comprehensive Income............................................ | 10 | ||
(3) | Consolidated Statements of Cash Flows........................................................................ | 11 | |
(4) | Notes on Consolidated Financial Statements ................................................................ | 13 | |
(Notes on Premise of Going Concern) .......................................................................... | 13 | ||
(Notes in Case of Significant Changes to Shareholders' Equity).................................. | 13 | ||
3. | Supplementary Information ................................................................................................. | 13 | |
(1) | Net Sales by Product Classification .............................................................................. | 13 |
1. Qualitative Information Concerning Financial Statements and Other
- Consolidated Operating Results Economy and Market Conditions
During the six-month period ended September 30, 2020 (April 1, 2020 - September 30, 2020), the business environment surrounding the TAIYO YUDEN Group ("the Group") was extremely challenging for the global economy with economic activity restricted by the impact from the COVID-19 pandemic. Signs of a gradual recovery were seen in the global economy, which had faced extremely challenging conditions in the first quarter (the three month period ended June 30, 2020). As for the future, it will be necessary to monitor infectious disease trends, trade issues in individual countries, and fluctuations in financial and capital markets as countries aim to strike a balance between stimulating economic activity and controlling the spread of infection.
Based on the Business Continuity Plan (BCP), we have implemented various measures to prevent the spread of COVID-19 and to ensure the health and wellbeing of stakeholders, including employees and suppliers. At production sites in Japan and overseas, we have continued production activities after ensuring thorough measures to prevent infection while following the instructions and guidance of national and local governments in each country. In addition, we are making efforts for non-production employees to carry out their duties and reduce the risk of infection by implementing such measures as working from home, depending on local infection status, in accordance with the instructions and requests on preventing the spread of infection from national and local governments in each country.
As a result of the current state of emergency due to COVID-19, there have been various changes in society and the management environment. The Group holds ¥71,490 million in cash and deposits, and has maintained a sound financial structure with an equity ratio of 58.7%. With commitment line agreements concluded with a number of financial institutions also standing at ¥30.0 billion, the Group has secured the means for responding to contingencies and will continue its business.
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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 18 November 2020 03:10:00 UTC
