Taiyo Yuden Co Ltd
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥1,393.00 | Mdwnl | Yssbpfl |
Taiyo Yuden's MLCC Sales Growth Drives Margin Expansion; Operating Income Guidance Is Conservative
Business Strategy and Outlook
Taiyo Yuden is one of the top suppliers of passive components, with the third-largest market share in multilayer ceramic capacitor, or MLCCs, and bandpass filters. Passive components are necessary for all electronic circuits. They are used to store electricity, to control electric flow, to enable wireless communication, and to remove electromagnetic noise. While we acknowledge that shipments of digital appliances are slowing down, we think progress in telecommunication standards—such as 3G, LTE, LTE advanced, and 5G—and increased electronic devices in automobiles will drive the continued expansion of the component market.