According to Juheng.com, Taiyo Yuden announced its latest financial report on Tuesday.

The report shows that the full-year operating profit for 2019 increased by 5.5% to 37.1 billion yen. It is estimated that operating profit in the first fiscal quarter will decrease by 68.7% to 3 billion yen.

Taiyo Yuden said that despite the weakening of demand in Asia and Europe last year, the overall situation has been slowly picking up. However, after entering 2020, under the influence of the global pandemic of COVID-19, the global economy has cooled down. It is estimated that the epidemic situation will still be affected in a short period of time, and the risk of a downturn in the economy may further deteriorate.

Product revenue performance:

Capacitor products including MLCC: Revenue in communications equipment, automotive, communications infrastructure, and industrial equipment has increased from the previous year. Annual revenue for the year increased 3.4% to 176.4 billion yen.

Ferrite (Ferrite) and application products: Revenue in people's livelihood equipment, communication equipment, communication infrastructure, and industrial equipment has decreased compared with the previous year. The annual revenue report decreased by 4.5% to 38.7 billion yen.

Revenue performance such as mobile communication devices (FBAR / SAW) is better than the previous year. Annual revenue increased by 3.9% year-on-year to 49.8 billion yen.

Others: Components such as aluminum electrolytic capacitors, after the subsidiary Elna was added to the financial report last year, annual revenue increased by 13.8% to 17.2 billion yen.

Key data for the fiscal first quarter (April-June 2020):

Revenue is estimated to decrease by 12.6% annually to 60 billion yen.

Operating profit is estimated to decrease by 68.7% annually to 3 billion yen.

The current interest estimate is reduced by 71.7% to 2.5 billion yen annually.

The net profit attributable to shareholders of the company is reduced by 79.0% annually to 1.5 billion yen.

Taiyo Yuden said in its financial report that this year's market environment was affected by the global pandemic of COVID-19, which not only inhibited economic activities, but also slowed down the global economy. The company believes that at this stage it is not possible to make a reasonable prediction of the annual results, so it only announced the first fiscal quarter financial forecast. In the future, it will be selected at an appropriate time, and then the annual financial forecast will be announced.