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Taiyo Yuden TSE:6976 Stock Report

Last Price


Market Cap







27 Jun, 2022


Company Financials +
6976 fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance5/6
Financial Health6/6

6976 Stock Overview

Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide.

Taiyo Yuden Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Taiyo Yuden
Historical stock prices
Current Share PriceJP¥4,965.00
52 Week HighJP¥7,710.00
52 Week LowJP¥4,545.00
1 Month Change-1.68%
3 Month Change-12.28%
1 Year Change-8.56%
3 Year Change121.06%
5 Year Change188.16%
Change since IPO501.82%

Recent News & Updates

Shareholder Returns

6976JP ElectronicJP Market

Return vs Industry: 6976 exceeded the JP Electronic industry which returned -9.9% over the past year.

Return vs Market: 6976 underperformed the JP Market which returned -6.2% over the past year.

Price Volatility

Is 6976's price volatile compared to industry and market?
6976 volatility
6976 Average Weekly Movement5.4%
Electronic Industry Average Movement4.6%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

Stable Share Price: 6976 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6976's weekly volatility (5%) has been stable over the past year.

About the Company

195022,852Shoichi Tosaka

Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. It offers multilayer ceramic capacitors for use in smartphones, automobiles, and other devices; ferrite and applied products, such as inductors used in electronic equipment power and high-frequency circuits; integrated modules and devices, including film bulk acoustic resonator/surface acoustic wave devices for mobile communications and power supply modules; and other electronic components, such as energy devices used as backup power equipment for smart meters and other similar products, as well as peak current assistance for LED flashes. The company also provides noise suppression parts, such as bead inductors, common-mode choke coils, multilayer EMI suppression filters, and ring varistors; chip antennas; balun transformers; wireless modules; and aluminum electrolytic capacitors.

Taiyo Yuden Fundamentals Summary

How do Taiyo Yuden's earnings and revenue compare to its market cap?
6976 fundamental statistics
Market CapJP¥618.68b
Earnings (TTM)JP¥54.36b
Revenue (TTM)JP¥349.64b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6976 income statement (TTM)
Cost of RevenueJP¥224.65b
Gross ProfitJP¥124.98b
Other ExpensesJP¥70.62b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 03, 2022

Earnings per share (EPS)436.25
Gross Margin35.75%
Net Profit Margin15.55%
Debt/Equity Ratio24.3%

How did 6976 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 6976 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6976?

Other financial metrics that can be useful for relative valuation.

6976 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA6x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does 6976's PE Ratio compare to its peers?

6976 PE Ratio vs Peers
The above table shows the PE ratio for 6976 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.5x
6806 Hirose ElectricLtd
4062 IbidenLtd
6965 Hamamatsu Photonics K.K
6770 Alps Alpine
6976 Taiyo Yuden

Price-To-Earnings vs Peers: 6976 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (17.5x).

Price to Earnings Ratio vs Industry

How does 6976's PE Ratio compare vs other companies in the JP Electronic Industry?

Price-To-Earnings vs Industry: 6976 is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the JP Electronic industry average (11x)

Price to Earnings Ratio vs Fair Ratio

What is 6976's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6976 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: 6976 is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

Share Price vs Fair Value

What is the Fair Price of 6976 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6976 (¥4965) is trading below our estimate of fair value (¥9988.07)

Significantly Below Fair Value: 6976 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: 6976 is poor value based on its PEG Ratio (1.8x)

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Future Growth

How is Taiyo Yuden forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6976's forecast earnings growth (6.2% per year) is above the savings rate (0.02%).

Earnings vs Market: 6976's earnings (6.2% per year) are forecast to grow slower than the JP market (9% per year).

High Growth Earnings: 6976's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6976's revenue (6% per year) is forecast to grow faster than the JP market (4.5% per year).

High Growth Revenue: 6976's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 6976's Return on Equity is forecast to be low in 3 years time (16.1%).

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Past Performance

How has Taiyo Yuden performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6976 has high quality earnings.

Growing Profit Margin: 6976's current net profit margins (15.5%) are higher than last year (9.5%).

Past Earnings Growth Analysis

Earnings Trend: 6976's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: 6976's earnings growth over the past year (90%) exceeds its 5-year average (28.7% per year).

Earnings vs Industry: 6976 earnings growth over the past year (90%) exceeded the Electronic industry 46%.

Return on Equity

High ROE: 6976's Return on Equity (18.1%) is considered low.

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Financial Health

How is Taiyo Yuden's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6976's short term assets (¥282.6B) exceed its short term liabilities (¥107.0B).

Long Term Liabilities: 6976's short term assets (¥282.6B) exceed its long term liabilities (¥67.2B).

Debt to Equity History and Analysis

Debt Level: 6976 has more cash than its total debt.

Reducing Debt: 6976's debt to equity ratio has reduced from 33.6% to 24.3% over the past 5 years.

Debt Coverage: 6976's debt is well covered by operating cash flow (92.2%).

Interest Coverage: 6976's interest payments on its debt are well covered by EBIT (748.8x coverage).

Balance Sheet

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What is Taiyo Yuden current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6976's dividend (1.81%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).

High Dividend: 6976's dividend (1.81%) is low compared to the top 25% of dividend payers in the JP market (3.74%).

Stability and Growth of Payments

Stable Dividend: 6976's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6976's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.5%), 6976's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (71.1%), 6976's dividend payments are covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Shoichi Tosaka (67 yo)



Mr. Shoichi Tosaka has been Chief Executive Officer and President at Taiyo Yuden Co., Ltd., since November 04, 2015. Mr. Tosaka joined Taiyo Yuden Co., Ltd. in 1979, and was mainly engaged in materials dev...

Leadership Team

Experienced Management: 6976's management team is considered experienced (3.4 years average tenure).

Board Members

Experienced Board: 6976's board of directors are considered experienced (4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Taiyo Yuden Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: Taiyo Yuden Co., Ltd.
  • Ticker: 6976
  • Exchange: TSE
  • Founded: 1950
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: JP¥618.683b
  • Shares outstanding: 124.61m
  • Website:

Number of Employees


  • Taiyo Yuden Co., Ltd.
  • Kyobashi East Building
  • 2-7-19, Kyobashi
  • Tokyo
  • 104-0031
  • Japan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Annual Earnings2022/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.