Taiyo Yuden (6976) Q2 2026 earnings summary

Executive summary

• Net sales for 2Q FYE March 2026 reached ¥92.8 billion, up 9% quarter-over-quarter and 7% year-over-year, driven by strong demand in communication equipment, especially smartphones.

• Net sales for the six months ended September 30, 2025, rose 5.8% year-over-year to ¥177,624 million, led by automotive and IT infrastructure/industrial equipment sectors.

• Operating profit surged 87% quarter-over-quarter to ¥5.9 billion and rose 19% year-over-year; cumulative operating profit for 1-2Q was ¥9.0 billion (+19.1% Y/Y).

• Net profit attributable to owners of parent was ¥6.4 billion in 2Q, a turnaround from a loss in the prior year; cumulative profit for 1-2Q was ¥5,540 million (+55.3% Y/Y).

• Comprehensive income jumped 275.1% year-over-year to ¥10,978 million.

Financial highlights

• 2Q net sales: ¥92.8 billion (+9.4% Q/Q, +7.0% Y/Y); 1-2Q cumulative net sales: ¥177.6 billion (+5.8% Y/Y).

• 2Q operating profit: ¥5.9 billion (+87.2% Q/Q, +18.9% Y/Y); 1-2Q cumulative operating profit: ¥9.0 billion (+19.1% Y/Y).

• 2Q net profit: ¥6.4 billion (vs. loss of ¥2.7 billion Y/Y); 1-2Q cumulative net profit: ¥5,540 million (+55.3% Y/Y).

• Gross profit for the period was ¥39,656 million, up from ¥37,366 million a year earlier.

• Basic earnings per share rose to ¥44.37 from ¥28.61 in the prior year period.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥347.5 billion (+2% Y/Y); operating profit forecast raised to ¥18.0 billion (+72% Y/Y); ordinary profit forecast at ¥15.0 billion (+42.6% Y/Y); profit attributable to owners of parent forecast at ¥9.0 billion (+287% Y/Y).

• Dividend forecast maintained at ¥90 per share for the full year.

• Guidance reflects higher capacity utilization, cost reductions, and moderate selling price declines; assumes US$1:¥148 for the remainder of the fiscal year.