Taiyo Yuden (6976) Q1 2026 earnings summary

Executive summary

• Net sales for 1Q FY26 were ¥84.8 billion, up 4.5% year-over-year, driven by automotive and IT infrastructure demand.

• Operating profit was ¥3.1 billion, up 53% sequentially and 19.4% year-over-year.

• Ordinary profit was ¥256 million, down 96.9% year-over-year due to foreign exchange losses.

• Loss attributable to owners was ¥876 million, a significant improvement from the previous quarter's loss of ¥5.8 billion but down from a profit in the prior year.

• Comprehensive income dropped to ¥412 million from ¥17,349 million year-over-year.

Financial highlights

• Gross profit increased to ¥18,184 million from ¥17,482 million year-over-year.

• Operating profit rose to ¥3.1 billion, a 52.7% increase from the previous quarter, driven by improved capacity utilization.

• Basic earnings per share was negative at (¥7.02), down from ¥50.62 in the previous year.

• Total assets grew to ¥584,367 million, up ¥11,178 million from March 31, 2025.

• Net assets decreased to ¥313,490 million, with an equity-to-asset ratio of 53.6%.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥340.0 billion (down 0.4% year-over-year), operating profit of ¥16.0 billion (up 53% year-over-year), and profit attributable to owners of ¥8.0 billion.

• Dividend forecast maintained at ¥90 per share for the fiscal year ending March 31, 2026.

• 2Q FY26 net sales expected to rise 7–11% sequentially, with all product categories except 'Others' forecasted to grow.

• Assumes average exchange rate of US$1:¥140 for the fiscal year.