According to MoneyDJ reports, due to the increase in demand for smartphones and the recovery of demand for vehicles exceeding expectations, Taiyo Yuden, a major manufacturer of multilayer ceramic capacitors (MLCC), broke records in the last quarter and revised up its financial forecast for this year. . The company’s share price rose to 4,150 yen today, a 20-year high.

On the 9th, Taiyo Yuden announced its financial report for the previous quarter (July-September 2020). Due to the increase in demand for smartphones and the recovery of demand for vehicles exceeding expectations, consolidated revenue increased by 7.7% from the same period last year to 79.728 billion days. Yuan, a record high, consolidated operating profit increased by 28.4% to 11.203 billion yen, and consolidated net profit increased by 29.3% to 6.9 billion yen.

In terms of sectors, the increase in demand for game consoles, laptops/tablets, and smartphones, as well as the recovery of demand for vehicles, led to a 19.6% increase in revenue from the MLCC division of Taiyo Yuden last quarter to 52.596 billion yen compared with the same period last year.

However, the revenue of the ferrous salt core and inductor division of Taiyo Yuden fell 8.5% last quarter to 10.903 billion yen; the composite component division (including built-in PCB, surface acoustic wave filter SAW FILTER, power module, high frequency module, etc. Product) revenue fell 6.3% to 12.330 billion yen; other sectors (including aluminum electrolytic capacitors, energy components and other products) revenue fell 20.7% to 3.899 billion yen.

In addition, Taiyo Yuden pointed out that after evaluating the performance of the previous quarter and future demand forecasts, the consolidated revenue target for this year (April 2020-March 2021) will be revised up from the originally estimated 265 billion yen. 284 billion yen (a year-on-year increase of 0.6%), the consolidated operating profit target was revised from 27 billion yen to 34 billion yen (a year-on-year decrease of 8.5%), and the consolidated net profit target was also revised from the original estimate of 17 billion yen To 22 billion yen (will increase by 22.1% annually).

Specifically, Taiyo Yuden revised up its revenue target for the MLCC sector this year from the original estimate of 179 billion yen to 188.5 billion yen (a year-on-year increase of 6.8%), and the ferrous salt core and inductor sector revenue was 36.5 billion yen. The Japanese yen was revised up to 38 billion yen (a year-on-year decrease of 2.0%), the composite component division’s revenue was revised up from 35.5 billion yen to 42.5 billion yen (increased by 14.7% annually), and other division’s revenue was 14 billion yen It is revised up to 15 billion yen (a year-on-year decrease of 13.3%).

Taiyo Yuden also pointed out that the MLCC factory in Malaysia and the inductor factory in the Philippines, which were previously affected by the new crown pneumonia (COVID-19) epidemic and restricted production, have resumed normal production last season and are expected to continue to maintain normal production thereafter.