Announcement • Jun 12
Taiyo Yuden Commercializes Maasa32mad7227mp1d71 Multilayer Ceramic Capacitor for Automotive Applications Taiyo Yuden CO., LTD., has commercialized the "MAASA32MAD7227MP1D71" (3.2 × 2.5 × 2.8 mm, maximum height), a multilayer ceramic capacitor (hereinafter "MLCC"), which complies with "AEC-Q200" certification reliability test standard for passive automotive components. This MLCC more than doubles capacitance when compared to Taiyo Yuden's conventional MLCC, the MAASP32MAD7107MPCA01 (3.2 × 2.5 × 2.8 mm, maximum height; capacitance of 100 µF). This MLCC is designed for output smoothing and decoupling applications in automotive systems, including control systems such as engine ECUs, safety systems including ABS and ADAS, and information processing systems such as instrument clusters. Mass production of this product began in May 2026 at Taiyo Yuden's Tamamura Plant (Sawa-gun, Gunma Prefecture). Modern vehicles are becoming increasingly multifunctional and high performance, driven by advancements in electronic controls due to the evolution of ADAS and functional upgrades through software updates in software-defined vehicles (SDVs). Achieving these capabilities demands advanced automotive electronics including internal and external vehicle networking and the implementation of scalable designs. As vehicle complexity grows, the processing capacity of ICs increases, which necessitates that the onboard MLCCs simultaneously achieve both high reliability and large capacitance. In response to this demand, Taiyo Yuden has commercialized the MAASA32MAD7227MP1D71, achieving large capacitance in a compact 3225-size package for automotive applications. This MLCC offers more than twice the capacitance of Taiyo Yuden's conventional MLCCs, and will contribute to enhancing the overall performance of advanced vehicles. Application: For output smoothing and decoupling applications in automotive systems including control systems such as engine ECUs, safety systems such as ABS and ADAS, and information processing systems such as instrument clusters. Characteristics: Part Number MAASA32MAD7227MP1D71, Capacitance 220 µF, Capacitance Tolerance ±20%, Size 3.2x2.5 mm, Maximum Height 2.8 mm, Rated Voltage 4 V, Characteristic X7T, Operating Temp. Range -55~+125?. Products are tested based on the test conditions and methods defined in AEC-Q200. Price Target Changed • Jun 09
Price target increased by 7.5% to JP¥6,169 Up from JP¥5,739, the current price target is an average from 15 analysts. New target price is 66% below last closing price of JP¥17,975. Stock is up 638% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥118 last year. Buy Or Sell Opportunity • May 25
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 113% to JP¥10,605. The fair value is estimated to be JP¥7,881, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Announcement • May 20
Taiyo Yuden Co., Ltd. to Report Q1, 2027 Results on Aug 05, 2026 Taiyo Yuden Co., Ltd. announced that they will report Q1, 2027 results at 3:30 PM, Tokyo Standard Time on Aug 05, 2026 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥7,742, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,750 per share. Announcement • May 14
Taiyo Yuden Co., Ltd. Launches New Metal Power Inductors in Mcoil Lscn Series TAIYO YUDEN CO., LTD. has commenced the mass production of nine new multilayer metal power inductors in its MCOIL™ LSCN series, available in four sizes. The new lineup includes the "LSCND0805FET1R2MJ" (0.8 x 0.45 x 0.65 mm) and the "LSCND1008HKT1R5MF" (1.0 x 0.8 x 0.80 mm). These power inductors are designed for use as choke coils in the power supply circuits of smartphones and wearable devices, including smartwatches and True Wireless Stereo (TWS) earphones. Compared to TAIYO YUDEN's previous smallest multilayer metal power inductor (1.0 x 0.5 x 0.33 mm), the "LSCND0805FET1R2MJ" offers a footprint reduction of approximately 30%. The new "LSCND1008HKT1R5MF" (1.0 x 0.8 x 0.80 mm, nominal inductance 1.5 µH, saturation current 1.2 A) delivers a footprint approximately 40% smaller than the previous "LSCNB1210EKT1R5MB" (1.25 x 1.05 x 0.5 mm, nominal inductance 1.5 µH, saturation current 1.2 A) while maintaining equivalent performance. These products combine excellent DC saturation characteristics with a significantly reduced footprint. Mass production began in April 2026 at TAIYO YUDEN's subsidiary, WAKAYAMA TAIYO YUDEN CO., LTD. (Hidaka-gun, Wakayama Prefecture). Samples are available at 50 yen per unit. Wearable devices must be small and high-performance while supporting extended operating times. TWS earphones in particular are seeing growing demand for multifunctionality, including noise-cancellation, high-resolution audio compatibility, and advanced sensors for wear detection and location tracking. Smartphone performance is likewise advancing rapidly, driven by AI applications for image and video editing and real-time speech translation. These technological advancements require greater power efficiency to extend battery life within increasingly constrained internal space. Consequently, power supply circuits are required to achieve both small size and high efficiency, requiring power inductors with small case sizes that can handle high currents. To address this need, TAIYO YUDEN has expanded the MCOIL™ LSCN series, utilizing metallic magnetic materials with superior DC saturation characteristics to enable further miniaturization. In response to market demands, TAIYO YUDEN will continue to refine its product lineup to deliver higher performance, greater reliability, and smaller form factors. Price Target Changed • May 12
Price target increased by 7.2% to JP¥5,611 Up from JP¥5,232, the current price target is an average from 16 analysts. New target price is 14% below last closing price of JP¥6,544. Stock is up 175% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥118 last year. Reported Earnings • May 09
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥118 (up from JP¥18.67 in FY 2025). Revenue: JP¥355.3b (up 4.1% from FY 2025). Net income: JP¥14.8b (up JP¥12.5b from FY 2025). Profit margin: 4.2% (up from 0.7% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Live News • May 09
Taiyo Yuden Eyes 50% Profit Growth on AI and Automotive Demand in FY 2027 Taiyo Yuden reports a strong profit rebound in FY 2026, supported by solid demand for capacitors and inductors used in AI servers and automotive applications.
Profit margins improved in FY 2026, and the company kept its annual dividend in place.
Management projects a 50% profit increase for FY 2027, tied to higher sales of high value-added components for AI and automotive markets.
For you as an investor, the key point is that Taiyo Yuden is tying its earnings story directly to AI infrastructure and automotive electronics, rather than broad electronics demand. The company reports stronger profits and better margins in FY 2026, helped by components going into AI servers and vehicles, and it chose to maintain its annual dividend, which indicates an emphasis on shareholder returns alongside growth spending.
Looking ahead to FY 2027, management is forecasting a 50% profit increase, again relying on higher sales of high value-added components in AI and automotive uses. This puts the focus on product mix and exposure to these specific end markets rather than just volume. When you assess the stock, you may want to pay attention to how quickly AI server and automotive orders translate into actual component shipments, and whether the company can sustain its margin profile as it scales these higher value product lines. Announcement • May 08
Taiyo Yuden Co., Ltd., Annual General Meeting, Jun 26, 2026 Taiyo Yuden Co., Ltd., Annual General Meeting, Jun 26, 2026. Price Target Changed • Apr 24
Price target increased by 12% to JP¥5,112 Up from JP¥4,568, the current price target is an average from 15 analysts. New target price is 21% below last closing price of JP¥6,508. Stock is up 192% over the past year. The company is forecast to post earnings per share of JP¥112 for next year compared to JP¥18.67 last year. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued Over the last 90 days, the stock has risen 43% to JP¥4,886. The fair value is estimated to be JP¥6,135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 68%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. New Risk • Apr 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 166% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Mar 09
Now 22% undervalued Over the last 90 days, the stock has risen 2.0% to JP¥3,919. The fair value is estimated to be JP¥5,051, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 68%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥4,241, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Japan. Total returns to shareholders of 7.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,005 per share. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,063, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,906 per share. Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS exceeds analyst expectations Third quarter 2026 results: EPS: JP¥56.67 (up from JP¥36.87 in 3Q 2025). Revenue: JP¥88.5b (up 1.9% from 3Q 2025). Net income: JP¥7.09b (up 54% from 3Q 2025). Profit margin: 8.0% (up from 5.3% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 72%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Jan 07
Taiyo Yuden Co., Ltd. Adds New 1608 Size to its MCOIL™? LACN Series of Multilayer Metal Power Inductor Taiyo Yuden Co., Ltd. has commercialized 14 items, including the multilayer metal power inductor MCOIL™? "LACNF1608KKT1R0MAB" (1.6 x 0.8 x 1.0 mm, maximum height shown), which complies with the "AEC-Q200" certification reliability test standard for passive automotive components. The new product is approximately 49% smaller than previous product, the "LACNF2012KKT1R0MA B" (2.0 x 1.25 x 1.0 mm), and can contribute to the miniaturization and higher performance of power supply circuits installed in automotive vehicles. These products are used as choke coils in DC-DC converters used in automotive engine control systems such as ECUs, safety systems such as ABS, body-related systems such as ADAS, and information systems such as instrument clusters. Mass production of this products began at subsidiary, WAKAYAMA TAIYO YUDEN CO. LTD. (Inami-cho, Hidaka-gun, Wakayama Prefecture), in December 2025. In response, TAIYO YUDen has added a new 1608 size to its MCOIL™? LACN series of multilayer metal power inductors, which boast the advantages of being smaller and thinner, and having an operating temperature range of -55degC to +165degC. proprietary metal materials are bonded to each other by an oxide film using heat treatment, ensuring insulation and providing high heat resistance and thermal conductivity. Thanks to these features, the product exhibits stable characteristics, is able to withstand high temperatures, and achieves high reliability, even in devices used in harsh temperature environments such as automotive applications. TAIYO YUD EN focuses on the development of products that meet market needs, and will continue to expand its power inductors product lineup. Buy Or Sell Opportunity • Jan 06
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,615. The fair value is estimated to be JP¥4,578, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 87%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Buy Or Sell Opportunity • Dec 11
Now 21% undervalued Over the last 90 days, the stock has risen 17% to JP¥3,644. The fair value is estimated to be JP¥4,604, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 87%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Announcement • Dec 02
Taiyo Yuden Co., Ltd. Commercializes the "HVX" and "HTX (-J) Series of Conductive Polymer Hybrid Aluminum TAIYO YUDEN CO., LTD. has commercialized the new "HVX (-J)" and "HTX (-J) series of conductive polymer hybrid aluminum electrolytic capacitors (hereinafter referred to as "hybrid capacitors") by revamping its "HVX" and "HTX" series, which comply with the AEC-Q200 Stress Test Qualification for Passive Components. The capacitors are used for noise suppression and power smoothing in power supply circuits for control functions such as automotive power steering or safety functions such as ADAS. While rated ripple currents of hybrid capacitors continue to increase in response to increasing currents required for power sources due to the advancement of ADAS, there is a demand for a wide range of sizes and lower profiles to enable greater design flexibility. In September 2025, the company began mass production of the capacitors at the Shirakawa Plant (Nishi-Shirakawa-gun,ukushima Prefecture) and Aomori Plant (Kuroishi City, Aomori Prefecture) of company subsidiary ELNA CO., LTD. (President: Masahiro Kosaka; Head Office: Chuo-ku, Tokyo). Samples are available for JPY 150 per unit. In hybrid capacitors, a conductive polymer and an electrolyte solution are used as the electrolyte. This position takes advantage of the low ESR characteristic of conductive polymers with the self-repairing property of anodic oxide film, which is a characteristic of aluminum electrolytic capacitors, achieving both high performance and reliability. In recent years, automobiles have become increasingly electrified, with a higher number of power circuits for ADAS, electric controls, and electric motors on EVs, and hybrid capacitors are installed for noise suppression in the power circuits and power smoothing. Declared Dividend • Dec 02
First half dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (131% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 45% to bring the payout ratio under control. EPS is expected to grow by 164% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Dec 01
Taiyo Yuden Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Taiyo Yuden Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥51.33 (up from JP¥21.99 loss in 2Q 2025). Revenue: JP¥92.8b (up 7.0% from 2Q 2025). Net income: JP¥6.42b (up JP¥9.16b from 2Q 2025). Profit margin: 6.9% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Nov 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 261% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Buy Or Sell Opportunity • Nov 07
Now 23% undervalued Over the last 90 days, the stock has risen 31% to JP¥3,645. The fair value is estimated to be JP¥4,762, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Nov 01
TAYO YUDEN Commercializes 1005M-Size Embeddable Multilayer Ceramic Capacitor with 22-mF Capacitance for AI Servers TAIYO YUDEN CO., LTD. has commercialized and begun mass production of embeddable multilayer ceramic capacitor (MLCC) that achieves a capacitance of 22-mF in a 1005M size (1.0 x 0.5 mm). This ceramic capacitor is an MLCC designed for decoupling applications on IC power lines used in AI servers and other types of information devices. components embedded in a board require high precision in terms of flatness of the external electrodes for connection to the circuit. With respect to this requirement, TAIYO YUDEN has commercialized an embeddable MLCC that achieves a 22-mF capacitance in a 1005M size by enhancing external electrode formation technology and other element technologies. Mass production of the capacitor began at Tamamura Plant (Sawa District, Gunma Prefecture) in August 2025. Samples are available for JPYO YUDEN per unit. AI servers and other types of devices with advanced information processing capabilities are equipped with ICs that consume extremely large amounts of power. For decoupling purposes in such power supply circuits, small, high-capacity MLCCs are required to handle large currents. Additionally, to minimize circuit loss and noise, it is important to route the power supply circuit close to the ICs. Traditional power supply circuits are routed around ICs. But, technological developments are progressing, allowing them to be placed closer, such as on the back of the board or directly under the ICs. Thus, embeddable MLCCs need to be equipped with high-precision external electrodes to connect to the lines. To satisfy this need, TAIYO YudEN has improved its external electrode formation technology and commercialized 1005M-size embeddable MLCC with a capacitance of 22 mF. T T [mm] Rated Rated Capacitance Temp. Temperature [mm] (max.) (max.) voltage capacitance tolerance [%] characteristics [V] [mF] 1.2x0.7 0.8 2.5 22 +-20 -55~+125 X7T2.5 22 +-20-55~+105 X6S. Price Target Changed • Oct 25
Price target increased by 8.7% to JP¥3,223 Up from JP¥2,966, the current price target is an average from 15 analysts. New target price is 17% below last closing price of JP¥3,889. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥81.15 for next year compared to JP¥18.67 last year. Buy Or Sell Opportunity • Oct 10
Now 24% undervalued Over the last 90 days, the stock has risen 32% to JP¥3,462. The fair value is estimated to be JP¥4,531, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Oct 03
Price target increased by 7.8% to JP¥2,966 Up from JP¥2,753, the current price target is an average from 15 analysts. New target price is 14% below last closing price of JP¥3,431. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥80.04 for next year compared to JP¥18.67 last year. Price Target Changed • Sep 30
Price target increased by 8.7% to JP¥2,926 Up from JP¥2,693, the current price target is an average from 15 analysts. New target price is 12% below last closing price of JP¥3,310. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of JP¥79.80 for next year compared to JP¥18.67 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Sep 04
Taiyo Yuden Co., Ltd. to Report Q2, 2026 Results on Nov 06, 2025 Taiyo Yuden Co., Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 06
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: JP¥7.02 loss per share (down from JP¥50.62 profit in 1Q 2025). Revenue: JP¥84.8b (up 4.5% from 1Q 2025). Net loss: JP¥876.0m (down 114% from profit in 1Q 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (482% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 436% to bring the payout ratio under control. EPS is expected to grow by 143% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jun 29
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥18.67 (down from JP¥66.74 in FY 2024). Revenue: JP¥341.4b (up 5.8% from FY 2024). Net income: JP¥2.33b (down 72% from FY 2024). Profit margin: 0.7% (down from 2.6% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jun 03
Taiyo Yuden Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025 Taiyo Yuden Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025 New Risk • May 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 482% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 482% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • May 10
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥18.67 (down from JP¥66.74 in FY 2024). Revenue: JP¥341.4b (up 5.8% from FY 2024). Net income: JP¥2.33b (down 72% from FY 2024). Profit margin: 0.7% (down from 2.6% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,096, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,837 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is on the higher end at 88% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 04
Taiyo Yuden Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Taiyo Yuden Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Major Estimate Revision • Feb 14
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥53.97 to JP¥44.31 per share. Revenue forecast steady at JP¥335.4b. Net income forecast to shrink 0.07% next year vs 11% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥3,156 to JP¥2,726. Share price rose 17% to JP¥2,643 over the past week. Announcement • Feb 09
Taiyo Yuden Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2025 Taiyo Yuden Co., Ltd. revised consolidated earnings guidance for the year ending March 31, 2025. For the year, the company now expects net sales of JPY 338,500 million, operating profit JPY 10,000 million, profit attributable of owners of parent of JPY 5,000 million and basic earnings per share JPY 40.09 compared to the previous guidance of net sales of JPY 330,000 million, operating profit JPY 7,600 million. Rationale: Based on the financial results for the nine-month period ended December 31, 2024, future demand forecasts, and trend of foreign exchange rate fluctuations, and other factors, the Company will revise the full-year consolidated financial results forecasts for the fiscal year ending March 31, 2025 published on November 7. In the fourth quarter, the Company forecasts an improvement in the demand environment, despite the seasonal slump in demand for products for use in communication equipment compared to the third quarter, as demand for products for use in automotive and IT infrastructure/industrial equipment is expected to increase. Additionally, The company expects an extraordinary loss of JPY 1.0 billion as business restructuring expenses. The forecast is based on an average foreign exchange rate for the fourth quarter of USD 1: JPY 153. Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: JP¥36.87 (up from JP¥2.22 in 3Q 2024). Revenue: JP¥86.9b (flat on 3Q 2024). Net income: JP¥4.60b (up JP¥4.32b from 3Q 2024). Profit margin: 5.3% (up from 0.3% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 08
Price target decreased by 13% to JP¥2,753 Down from JP¥3,156, the current price target is an average from 15 analysts. New target price is 21% above last closing price of JP¥2,268. Stock is down 35% over the past year. The company is forecast to post earnings per share of JP¥46.64 for next year compared to JP¥66.74 last year. Major Estimate Revision • Jan 24
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥67.25 to JP¥53.80 per share. Revenue forecast steady at JP¥334.9b. Net income forecast to grow 32% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥3,317 to JP¥3,156. Share price rose 4.5% to JP¥2,300 over the past week. Price Target Changed • Dec 28
Price target decreased by 8.1% to JP¥3,317 Down from JP¥3,611, the current price target is an average from 16 analysts. New target price is 45% above last closing price of JP¥2,286. Stock is down 39% over the past year. The company is forecast to post earnings per share of JP¥67.25 for next year compared to JP¥66.74 last year. Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥89.37 to JP¥74.12 per share. Revenue forecast steady at JP¥338.0b. Net income forecast to grow 61% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥3,611 to JP¥3,423. Share price rose 2.7% to JP¥2,198 over the past week. Major Estimate Revision • Dec 13
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥105 to JP¥89.37 per share. Revenue forecast steady at JP¥341.1b. Net income forecast to grow 82% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥3,717 to JP¥3,611. Share price was steady at JP¥2,142 over the past week. Declared Dividend • Dec 03
First half dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 4.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. EPS is expected to grow by 131% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Nov 30
Taiyo Yuden Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Taiyo Yuden Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Price Target Changed • Nov 15
Price target decreased by 10% to JP¥3,739 Down from JP¥4,173, the current price target is an average from 16 analysts. New target price is 71% above last closing price of JP¥2,190. Stock is down 44% over the past year. The company is forecast to post earnings per share of JP¥118 for next year compared to JP¥66.74 last year. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥137 to JP¥120 per share. Revenue forecast steady at JP¥345.4b. Net income forecast to grow 125% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥4,173 to JP¥3,898. Share price fell 20% to JP¥2,211 over the past week. Reported Earnings • Nov 09
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: JP¥21.99 loss per share (down from JP¥20.04 profit in 2Q 2024). Revenue: JP¥86.7b (up 4.7% from 2Q 2024). Net loss: JP¥2.74b (down 210% from profit in 2Q 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,985, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 58% over the past three years. Reported Earnings • Aug 08
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥50.62 (up from JP¥7.25 in 1Q 2024). Revenue: JP¥81.1b (up 12% from 1Q 2024). Net income: JP¥6.31b (up JP¥5.41b from 1Q 2024). Profit margin: 7.8% (up from 1.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 168%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Aug 08
Taiyo Yuden Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 Taiyo Yuden Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥3,413, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,571 per share. Buy Or Sell Opportunity • Jul 25
Now 24% undervalued Over the last 90 days, the stock has risen 18% to JP¥4,352. The fair value is estimated to be JP¥5,750, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 47%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 29% per annum over the same time period.