TAIYO YUDEN CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 56% Decrease

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 7, 2024 3:30 pm JST Earnings

6976 TAIYO YUDEN CO., LTD. 【J-GAAP】

Earnings Report

TAIYO YUDEN CO., LTD. <6976> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.5% from the same period last year, reaching 6.75 billion yen.

However, the full-year consolidated ordinary profit has downwardly by 63.6%, from the previous forecast of 16.5 billion yen to 6 billion yen (compared to 13.7 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 56.4% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 759 million yen (compared to a profit of 7.47 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 1.61 billion yen (compared to a profit of 5.12 billion yen in the same period last year). However, the operating profit margin improved from 3.3% in the same period last year to 5.7%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	168,013	29,618	35,559	24,880	199.7	102.1	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	155,427	2,143	6,287	3,400	27.3	45.7	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	167,856	7,576	6,759	3,567	28.6	112.7	Nov 7, 2024	J-GAAP
YoY	+8.0%	+253.5%	+7.5%	+4.9%	+4.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	45	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	167,856	7,576	6,759	3,567	28.6	45	Nov 7, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	350,000	20,000	16,500	11,000	88.2	90	May 8, 2024	J-GAAP
Mar, 2025 New	330,000	7,600	6,000	0	0.0	90	Nov 7, 2024	J-GAAP
Revision Rate	-5.7%	-62.0%	-63.6%	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	167,220	6,936	7,470	4,917	39.5	45	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	162,144	24	-759	-3,567	0.0	45	Nov 7, 2024	J-GAAP
YoY	-3.0%	-99.7%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	319,504	31,980	34,832	23,216	186.3	90	May 9, 2023	J-GAAP
Mar, 2024	322,647	9,079	13,757	8,317	66.8	90	May 8, 2024	J-GAAP
Mar, 2025 Guidance	330,000	7,600	6,000	0	0.0	90	Nov 7, 2024	J-GAAP
YoY	+2.3%	-16.3%	-56.4%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	82,815	2,720	5,128	2,497	20.0	3.3	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	86,386	4,900	1,169	276	2.2	5.7	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	80,834	2,036	6,301	4,641	37.3	2.5	May 8, 2024	J-GAAP
Apr - Jun, 2024	81,138	2,630	8,377	6,309	50.6	3.2	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	86,718	4,946	-1,618	-2,742	-22.0	5.7	Nov 7, 2024	J-GAAP
YoY	+4.7%	+81.8%	－	－	－