Taiyo Yuden raised its current-year ordinary profit forecast by 19% from the previous ¥42 billion to ¥50 billion. Cumulative first-half ordinary profit increased 96.2% year on year to ¥15.9 billion, and second-half ordinary profit is expected to be approximately ¥34 billion.
On 5 November, Taiyo Yuden released its earnings report and raised its current-year ordinary profit forecast by 19.0% from the previous ¥42 billion to ¥50 billion. The company now expects profit growth from its initial plan, with full-year profit forecast to increase significantly year on year.
Consolidated ordinary profit for the cumulative first half (April–September) expanded 96.2% year on year to ¥15.9 billion. Revenue also expanded based on the disclosed interim calculation data, while the operating margin showed an improving trend.
Ordinary profit for the most recent three months was ¥11.6 billion in the second quarter, up 48.3% year on year. The operating margin improved substantially from 6.3% to 11.9%. Based on this, second-half consolidated ordinary profit is estimated at approximately ¥34 billion, and profit is expected to remain on an upward trend when combined with the first-half results.