Taiyo Yuden’s New Guidance Suggests Robust MLCC Demand Will Continue; Favorable to all Suppliers
Taiyo Yuden’s new operating income guidance of JPY 21 billion for fiscal year 2019 (financial year ending March 2019) is materially 10%-15% above our forecast of JPY 23.5 billion and market expectation of JPY 23 billion, if compared under the same currency assumption--while the firm assumes 105 JPY/USD, we assume 110 JPY/USD. Its share price surged 13.7% on the following day as a result.Demand for telecom devices seems to remain weaker than our forecast, owing to the prolonged production adjust...
TAIYO YUDEN is a manufacturer mainly engaged in the electronic component business. Co. is involved in the manufacture and sale of electronic parts such as ceramic condensers, inductors, ferrite-applied components, ferrite cores, high frequency dielectric components, circuits modules, energy devices and composite ceramic applied components, among others. Co. is also engaged in the temporary staffing services, as well as consultation services for environmental measurement.
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