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TAIYO YUDEN, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase

Fri Feb 7, 2025 3:30 pm JST Earnings

6976 TAIYO YUDEN CO., LTD. 【J-GAAP】

Earnings Report

TAIYO YUDEN CO., LTD. <6976> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 13.6 billion yen, an increase 83.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 2.3 times, from the previous forecast of 6 billion yen to 14 billion yen (compared to 13.7 billion yen in the previous period), turning to a 1.8% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward from an expected loss of 0.75 billion yen to a profit of 7.24 billion yen (compared to a profit of 7.47 billion yen in the same period of the previous year), turning to a profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 5.9 times that of the same period last year, reaching 6.92 billion yen. However, the operating profit margin drastically worsened from 5.7% in the same period last year to 1.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 247,046 36,080 38,132 26,853 215.5 109.5 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 241,813 7,043 7,456 3,676 29.5 54.2 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 254,724 8,402 13,685 8,166 65.5 97.8 Feb 7, 2025 J-GAAP
YoY +5.3% +19.3% +83.5% +122.1% +122.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 162,144 24 -759 -3,567 0.0 45 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 170,644 2,424 7,241 1,433 11.5 45 Feb 7, 2025 J-GAAP
Revision Rate +5.2% +10,000.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 330,000 7,600 6,000 0 0.0 90 Nov 7, 2024 J-GAAP
Mar, 2025 New 338,500 10,000 14,000 5,000 40.1 90 Feb 7, 2025 J-GAAP
Revision Rate +2.6% +31.6% +133.3%

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 170,644 2,424 7,241 1,433 11.5 45 Feb 7, 2025 J-GAAP
YoY +2.0% -65.1% -3.1% -70.9% -70.9%

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 338,500 10,000 14,000 5,000 40.1 90 Feb 7, 2025 J-GAAP
YoY +4.9% +10.1% +1.8% -39.9% -39.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 86,868 826 6,926 4,599 36.9 1.0 Feb 7, 2025 J-GAAP
YoY +0.6% -83.1% +492.5% +1,566.3% +1,568.8%

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