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-11.87%
-13.83%
Taiyo Yuden : Earnings Release Conference for the 1st Quarter(960KB)
August 03, 2023 at 11:42 am IST
Consolidated Financial Results
First quarter for the year ending March 31, 2024
Tomomitsu Fukuda
Chief of Management Planning Headquarters
August 3, 2023
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.
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%
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Disclaimer
Taiyo Yuden Co. Ltd. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 03 August 2023 06:11:29 UTC .
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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
3,214
JPY
Average target price
4,125
JPY
Spread / Average Target
+28.33%
Consensus
1st Jan change
Capi.
-13.83% 259.18Cr +32.74% 7.72TCr +63.16% 7.37TCr -6.23% 3.38TCr -11.00% 3.08TCr -10.03% 1.42TCr -8.49% 1.05TCr +9.39% 1.01TCr -7.51% 976.29Cr +32.09% 863.69Cr
Electronic Component
+951% of historical performance
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