Taiyo Yuden (6976) Q3 2026 earnings summary

Executive summary

• Net sales for 3Q FY26 were ¥88.5 billion, up 1.9% year-over-year, and nine-month net sales rose 4.5% to ¥266,139 million, driven by strong demand in automotive and IT infrastructure sectors.

• Operating profit rose 27% quarter-over-quarter to ¥7.5 billion in 3Q and surged 96.6% year-over-year to ¥16,519 million for the nine months, supported by cost reductions and yen depreciation.

• Full-year forecasts were revised upward: net sales expected at ¥354.0 billion (+4% Y/Y), operating profit at ¥21.0 billion (+101% Y/Y), and profit attributable to owners at ¥13.0 billion (+458% Y/Y).

• Comprehensive income nearly doubled year-over-year to ¥31,064 million, reflecting robust business performance and favorable currency effects.

• Profit attributable to owners of parent increased 54.6% to ¥12,626 million for the nine months.

Financial highlights

• 3Q net sales: ¥88.5 billion (down 4.6% Q/Q, up 1.9% Y/Y); 1-3Q net sales: ¥266.1 billion (+4.5% Y/Y).

• 3Q operating profit: ¥7.5 billion (up 27% Q/Q, up 808% Y/Y); 1-3Q operating profit: ¥16.5 billion (+97% Y/Y).

• 3Q ordinary profit: ¥11.7 billion (up 49% Q/Q, up 69% Y/Y); 1-3Q ordinary profit: ¥19.8 billion (+44.7% Y/Y), aided by ¥4,179 million in FX gains.

• 3Q profit attributable to owners: ¥7.1 billion (up 10% Q/Q, up 54% Y/Y); 1-3Q profit attributable to owners: ¥12,626 million (+54.6% Y/Y).

• Basic earnings per share improved to ¥101.07 from ¥65.49 year-over-year.

Outlook and guidance

• Full-year net sales forecast raised to ¥354.0 billion (+4% Y/Y), operating profit to ¥21.0 billion (+101% Y/Y), and profit attributable to owners to ¥13.0 billion (+458% Y/Y).

• 4Q forecast: net sales to decrease 1% Q/Q; capacitors up 3%, inductors down 13%, integrated modules & devices down 11%.

• Forecast assumes an average foreign exchange rate of US$1:¥155 for Q4.

• Business restructuring expenses of ¥1.0 billion expected in 4Q.

• Fourth quarter expected to see increased sales in IT infrastructure/industrial equipment, despite seasonal demand slumps in communication equipment.