Taiyo Yuden (6976) Q1 2027 earnings summary

Executive summary

• Net sales for 1Q FYE Mar 2027 rose 10.7% YoY to ¥93,897 million, driven by strong demand for AI servers, IT infrastructure, and favorable FX.

• Operating profit increased 53.3% YoY to ¥4,818 million, with improved capacity utilization, sales mix, and currency effects.

• Profit attributable to owners was ¥2,504 million, reversing a prior-year loss.

• Orders for capacitors surged 41% QoQ, with a book-to-bill ratio at 1.72, indicating robust demand.

Financial highlights

• Gross profit for the quarter was ¥21,395 million, up from ¥18,184 million YoY.

• Comprehensive income reached ¥6,431 million, a significant increase from ¥412 million YoY.

• Basic earnings per share improved to ¥19.82 from a loss of ¥7.02 YoY.

• Net assets per share increased to ¥2,827.24 as of June 30, 2026.

• FX impact: Yen depreciation increased net sales by ¥1.5 billion and operating profit by ¥0.8 billion QoQ.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥424 billion (+19.3% YoY), operating profit to ¥45 billion (+125% YoY), and profit attributable to owners to ¥29 billion (+95.9% YoY).

• Growth driven by high-value products for AI servers and yen depreciation; FX sensitivity: ¥1/USD impacts sales by ¥1.9 billion and profit by ¥0.9 billion.

• Dividend forecast maintained at ¥90 per share for FYE Mar 2027.

• 2Q FYE Mar 2027: Capacitor and inductor sales expected to rise 15–21% QoQ.