Market Closed -
Japan Exchange
07:00:00 23/05/2024 BST
5-day change
1st Jan Change
3,275
JPY
+1.08%
+2.44%
-12.20%
Taiyo Yuden : Earnings Release Conference for the 2nd Quarter(1297KB)
November 07, 2022 at 07:32 am
Consolidated Financial Results
Second quarter for the year ending March 31, 2023
Katsuya Sase
Chief of Management Planning Headquarters
November 7, 2022
2Q for the Year Ending March 2023
Net sales were ¥86.3 billion, up 6% Q/Q. Sales of inductors were up 29% Q/Q, driving the increase in sales overall.
The recovery in demand was slower than our forecast, and sales were lower than expected as of August.
Operating profit was ¥16.5 billion, up 25% Q/Q. The impact of exchange rates and the effect of capacity utilization contributed to profit growth.
Earnings Forecast for the year Ending March 2023
The financial results forecasts published in May have been revised downward.
The full-year earnings forecasts are for net sales of ¥342.0 billion, down 2% Y/Y, and operating profit of ¥42.0 billion yen, down 38% Y/Y.
2Q - Consolidated Financial Results (Q/Q)
FYE Mar 31, 2023
FYE Mar 31, 2023
Change Q/Q
¥ in million
1Q
2Q
(01 Apr 2022 - 30 Jun 2022)
(01 Jul 2022 - 30 Sep 2022)
Net sales
81,740
100.0%
86,272
100.0%
4,532
5.5%
Operating profit
13,142
16.1%
16,475
19.1%
3,332
25.4%
Ordinary profit
17,204
21.0%
18,355
21.3%
1,151
6.7%
Profit attributable to
12,236
15.0%
12,643
14.7%
406
3.3%
owners of parent
Yen/USD
124.45 yen
135.33 yen
10.88 yen
average exchange rate
depreciated
Impact of exchange rate
4.9 billion yen on net sales, 3.5 billion yen on operating profit
fluctuation
* Including the impact of currencies other than US dollars
R&D expenses
3,112
3,111
(0)
(0.0)%
Capital investment
9,763
10,602
838
8.6%
Depreciation expenses
7,856
8,468
612
7.8%
©TAIYO YUDEN 2017
3
2Q - Factors behind Operating Profit (Q/Q)
Operating profit (2Q FYE Mar 2023)
Operating profit (1Q FYE Mar 2023)
13.1
Effect from
Currency
capacity
fluctuations
utilization
Effect from
+3.5
+2.4
cost
reductions
±0
(1.2)
(1.3)
Impact of
Changes
selling price
In
fixed costs
2Q - Financial Results by Product Classification (Q/Q)
¥ in million
FYE Mar 31, 2023
FYE Mar 31, 2023
Change Q/Q
1Q
2Q
Capacitors
54,583
66.8%
56,438
65.4%
1,855
3.4%
Inductors
11,748
14.4%
15,156
17.6%
3,408
29.0%
Integrated modules &
9,159
11.2%
8,276
9.6%
(882)
(9.6)%
devices
Others
6,248
7.6%
6,400
7.4%
152
2.4%
Total net sales
81,740
100.0%
86,272
100.0%
4,532
5.5%
This is an excerpt of the original content. To continue reading it, access the original document here .
Attachments
Original Link
Original Document
Permalink
Disclaimer
Taiyo Yuden Co. Ltd. published this content on 07 November 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 07 November 2022 07:31:06 UTC .
Taiyo Yuden's Attributable Profit up or down 64% in Fiscal 2024
05-08
MT
Taiyo Yuden Co., Ltd. Announces Dividend for the Year Ended March 31, 2024, Payable On; June 28, 2024 and Provides Dividend Guidance for the Second Quarter and Fiscal Year 2025
05-08
CI
Taiyo Yuden Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2025
05-08
CI
Jefferies Starts Taiyo Yuden at Buy with 4,620 Yen Price Target
04-11
MT
Morgan Stanley Adjusts Taiyo Yuden’s Price Target to 3,600 Yen From 3,400 Yen, Keeps at Equalweight
04-11
MT
Morgan Stanley: Japan Electronic Component Demand to Recover But Possibly Below Consensus
04-11
MT
Japanese Shares End Higher After BoJ Uchida's Speech
02-08
MT
Taiyo Yuden Cuts Full-Year Guidance as Nine-Month Profit Slumps 86%
02-08
MT
Taiyo Yuden Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
02-07
CI
IHI Corp’s Fiscal H1 Loss Per Share at 909.25 Yen as Net Sales Drop 20.9% to 470.31 Billion Yen; Declares Interim Dividend of 50 Yen Per Share, Maintains Forecast
11-08
MT
Taiyo Yuden’s Fiscal H1 EPS Falls to 27.20 Yen as Net Sales Slip 7.5% to 155.43 Billion Yen; Declares Interim Dividend of 45 Yen Per Share, Maintains Forecast
11-08
MT
Taiyo Yuden Co., Ltd. Announces Dividend for the Second Quarter Ending September 30, 2023, Payable on December 1, 2022; Provides Dividend Guidance for the Year Ending March 31, 2024
11-07
CI
Geopolitics, Yields Punish Asian Stock Markets
20/10/23
MT
Taiyo Yuden Files for Singapore Listing of 50 Billion Yen Bonds Due 2030
20/10/23
MT
Cooling Interest Rates Lift Asian Stock Markets
05/10/23
MT
Jefferies Adjusts Taiyo Yuden’s Price Target to 4,900 Yen From 5,000 Yen, Keeps at Hold
07/09/23
MT
Acepodia Biotechnologies, Limited announced that it expects to receive TWD 840 million in funding from Taiyo Yuden Co., Ltd.
08/08/23
CI
Taiyo Yuden's Fiscal 2023 Profit Falls 57.3%
11/05/23
MT
Taiyo Yuden Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023
09/05/23
CI
Taiyo Yuden Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2024
09/05/23
CI
Taiyo Yuden Co., Ltd. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2024
09/05/23
CI
Taiyo Yuden Co., Ltd. Declares Year-End Dividend for the Fiscal Year Ended March 31, 2023, Payable on June 30, 2023
09/05/23
CI
Taiyo Yuden Co., Ltd. Announces the Retirement of Toshio Mishuku as Audit & Supervisory Board Member
30/03/23
CI
Taiyo Yuden Posts 36% Fall in Nine-month Attributable Profit, Lowers Fiscal Year Guidance
09/02/23
MT
Taiyo Yuden Co., Ltd. Provides Dividend Guidance for the Fiscal Year-End Ending March 31, 2023
07/02/23
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
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%).
More about the company
Last Close Price
3,240
JPY
Average target price
4,125
JPY
Spread / Average Target
+27.30%
Consensus
1st Jan change
Capi.
-12.20% 2.58B +37.96% 80.82B +65.55% 72.53B -4.62% 32.58B -6.25% 14.25B -6.69% 10.65B +15.68% 10.42B -10.11% 9.83B +36.14% 8.7B +79.74% 8.69B
Electronic Component
+951% of historical performance
More than 20 years at your side
Our Experts are here for you
OUR EXPERTS ARE HERE FOR YOU
Monday - Friday 9am-12pm / 2pm-6pm GMT + 1