Taiyo Yuden Co., Ltd.
Fiscal Year Ending March 2026 Third Quarter Financial Results Briefing
For the third quarter of the fiscal year ending March 2026, net sales were 88.5 billion yen (5% decrease QoQ), and operating income was 7.5 billion yen (27% increase QoQ). The full-year earnings guidance was revised upward to net sales of 354.0 billion yen (4% increase YoY), operating income of 21.0 billion yen (101% increase YoY), and net income attributable to owners of parent of 13.0 billion yen (458% increase YoY).
Key Figures
- Third Quarter Net Sales: 88.5 billion yen (5% decrease QoQ)
- Third Quarter Operating Income: 7.5 billion yen (27% increase QoQ)
- Fiscal Year Ending March 2026 Full Year Operating Income Forecast: 21.0 billion yen (101% increase YoY)
AI要約
Performance Overview
Net sales for the third quarter of the fiscal year ending March 2026 reached 88.5 billion yen, exceeding the forecast as of November, but representing a 5% decrease compared to the previous quarter. Operating income was 7.5 billion yen, a 27% increase QoQ driven by fixed cost reductions and favorable foreign exchange impact due to yen depreciation. By segment, capacitors saw a decrease in sales, inductors increased, and multi-layer devices declined. Capital expenditures were 12,095 million yen, up 39.5% from the previous quarter.
Consolidated Earnings Forecast and Future Outlook
The full-year consolidated earnings forecast for the fiscal year ending March 2026 was revised upward to net sales of 354.0 billion yen (4% increase YoY), operating income of 21.0 billion yen (101% increase YoY), and net income attributable to owners of parent of 13.0 billion yen (458% increase YoY) compared to the forecast announced in November. While anticipating 1.0 billion yen in restructuring costs for the telecommunications devices business, the company expects improved profitability. The dividend payout ratio target is 30%, aiming for a dividend on equity (DOE) of 3.5%.
