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An announcement from Taiyo Yuden Co., Ltd. ( (JP:6976) ) is now available.
In its third-quarter earnings release, Taiyo Yuden Co., Ltd. reported a slight increase in net sales, reaching ¥86.9 billion, driven by demand in the information and communication equipment markets. However, the operating profit saw a significant decline of 83% quarter-on-quarter, attributed to increased inventory provisions and other factors. Despite these challenges, the company has revised its financial forecast for the year ending March 2025, anticipating a 5% year-on-year increase in net sales to ¥338.5 billion and a 10% rise in operating profit to ¥10.0 billion. A restructuring expense is expected to impact profits in the fourth quarter, with profit attributable to owners projected to decrease by 40% year-on-year to ¥5.0 billion.
More about Taiyo Yuden Co., Ltd.
Taiyo Yuden Co., Ltd. operates in the electronics industry, focusing on the manufacture and sale of electronic components such as capacitors and inductors, primarily serving the information and communication equipment sectors.
YTD Price Performance: -4.85%
Average Trading Volume: 2,431,761
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen271.1B
For detailed information about 6976 stock, go to TipRanks’ Stock Analysis page.
