corporate presentation of taiyo yuden co., ltd. · 1 corporate data, corporate vision and...
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Corporate Presentation of
TAIYO YUDEN CO., LTD.
2018_Ver 6.0
1
Corporate Data, Corporate Vision and Management Philosophy
Corporate Data
Corporate Name : TAIYO YUDEN CO., LTD.
Head Office : Kyobashi East Bldg., 2-7-19, Kyobashi, Chuo-ku, Tokyo 104-0031, Japan
Tel : +81-3-6757-8310
President and Chief Executive Officer : Shoichi Tosaka
Date of Establishment : March 23, 1950
Paid-in Capital : \23,557 million (as of March 31, 2018)
Number of Employees : 19,011 (as of March 31, 2018/on consolidated basis)
Corporate Vision
To be an excellent company that enjoys the trust
and highest regard from our customers
Management Philosophy
Employee well-being
Betterment of local communities
Responsibility to provide returns to shareholders
Shoichi Tosaka
PRESIDENT AND CHIEF EXECUTIVE OFFICER
2
～ TAIYO YUDEN VISION ～
Corporate Vision
3
Organizational Charts
(As of Feb １ｓｔ, 2019)
Shoichi TosakaPresident and
Chief Executive Officer
Board of
Directors’ MeetingS. Tosaka
S. Masuyama
K. Sase
O. Takahashi
M. Hiraiwa
Outside, Independent Director
S. Koike
Outside, Independent Director
Audit & Supervisory
Board Members
T. Tomaru
Audit & Supervisory Board Member
K. Nakano
Audit & Supervisory Board Member
H. Yositake
Outside, Audit & Supervisory
Board Member
K. Yamakawa
Outside, Independent Audit &
Supervisory Board Member
Quality Assurance Headquarters
Global SCM Development Division
Research and Development Laboratory
Integrated Module & Device Business Headquarters
Electronic Components Headquarters
Electronic Components Division 3
Electronic Components Division 2
Electronic Components Division 1
RF Device Business Division
Integrated Module Business Division
Sales Headquarters
Management Planning Headquarters
Internal Controls Committee
Quality Assurance Division
New Business Planning Development Division
T. Honda
Chief of Headquarters / Senior Operating Officer
S. Masuyama
Chief of Headquarters / Senior Executive Operating Officer
T. Mishuku
Deputy Chief of Headquarters / Senior Operating Officer
T. Fukuda
Deputy Chief of Headquarters / Senior Operating Officer
S. Tosaka
Development & Technology / President and Chief Executive Officer
T. Honda
Division Manager / Senior Operating Officer
S. Hirakuni
Laboratory Manager
K. Umezawa
New Business Planning Development / Executive Operating OfficerG. Oshima
Division Manager
K. Umezawa
Chief of Headquarters / Executive Operating Officer
S. Miyazawa
Operating Officer
T. Watanabe
Operating Officer
K. Oshima
Division Manager / Senior Operating Officer
K. Sase
Chief of Headquarters / Senior Executive Operating Officer
S. Higuchi
Division Manager / Operating Officer
S. Murai
Division Manager / Operating Officer
O. Takahashi
Chief of Headquarters / Executive Operating Officer
M. Takagi
Division Manager / Operating Officer
O. Ikata
Division Manager / Operating Officer
H. Chazono
Division Manager / Operating Officer
T.Takagi
Senior Division Manager
Power Device Business DivisionA. Mochizuki
Division Manager
4
DirectorsRepresentative Director Shoichi TosakaJoined TAIYO YUDEN in 1979, and was mainly engaged in
materials development and technological development.
Subsequently ,in charge of the Electronic Components
business ,R&D/ engineering, and quality assurance. Appointed
Director in 2006, and President and Representative Director in
November 2015.
Director Shinji MasuyamaJoined TAIYO YUDEN in 1980 and was engaged in production
technology and system development of electronic components
and optical media products for many years. Appointed Managing
Officer in 2004, and in charge of the Electronic Components
business centered on the Capacitor Product business and Ferrite
Application Product business. Appointed Director in 2013. In
charge of Management Planning in 2016.
Director Katsuya SaseJoined TAIYO YUDEN in 1986. Engaged in the development of
magnetic tape and multilayer inductor production technologies,
was subsequently assigned to Capacitor Product Division in 1996.
Appointed Operating Officer in 2013, and in charge of Capacitor
Product Division. Appointed Director in June 2016, and in charge
of Electronic Components Business.
Outside, Independent Director Masashi HiraiwaAdmitted to Japan Federation of Bar Association and joined
OHHARA LAW OFFICE in 1981. After serving as a Supervisory
Officer at LCP Investment Corporation (currently Invincible
Investment Corporation) and serving and as a Supervisory Officer at
Japan Logistics Fund, Inc., he was appointed as an Outside,
Independent Director of the Company in June 2016.
Director Osamu TakahashiJoined TAIYO YUDEN in 1980. Assigned to quality assurance and
materials technology divisions, was engaged in sales promotion
and marketing. Subsequently, has been involved in product
planning, corporate planning and fiancial divisions. Appointed
Operating Officer in 2003, and Director in 2011. In charge of
Integrated Module & Device Business in 2016.
Outside, Independent Director Seiichi KoikeAfter working for Toyo Kogyo Co., Ltd. (currently Mazda Motor
Corporation), from 1980 to 1982, Mr. Koike joined Honda R&D Co.,
Ltd. After gaining experience in the positions as General Manager of
Advanced Material Research Laboratory, and General Manager of
Automobile R&D Center Brazil, he was appointed Executive Officer
of Honda Foundry Co., Ltd. in 2008. After serving in several positions
including Director and Audit & Supervisory Board Member of Honda
Foundry Co., Ltd., he was appointed as an Outside, Independent
Director for the Company in June 2018.
5
History
6
Latest Financial Data
Consolidated Sales Income /Operating Income
(Mil JPY) (Mil JPY)
(Mil JPY)
Quarterly Sales / Operating Income
* e.g. : FY2016 ⇒ April 2016 – March2017
(Mil JPY)
240.385 230.716 244.117 271.000
23.370
12.385
20.221
30.000
0
10.000
20.000
30.000
40.000
50.000
60.000
0
50.000
100.000
150.000
200.000
250.000
300.000
FY2015 FY2016 FY2017 FY2018(forecast)
Consolidated Sales Income Operating Income
66.05359.884 59.576
73.989 73.963
6.9854.461
5.9818.722
11.789
0
10.000
20.000
30.000
40.000
0
20.000
40.000
60.000
80.000
FY2017/Q3 FY2017/Q4 FY2018/Q1 FY2018/Q2 FY2018/Q3
Quarterly Sales Operating Income
7
Products of TAIYO YUDEN
Noise Suppression ComponentsInductorsCeramic Capacitors
ModulesFBAR /SAW / RF ModulesMultilayer Ceramic Devices
Energy Devices (Super Capacitors)
Small & High Value
Medium-high
voltagetype
For high-frequency
applications
Low ESL
Super low distortion type
Multilayer inductors
SMD
Wire-wound inductors
Ferrite bead inductors
Common mode choke coils
Multilayer ceramic devices FBAR/SAW devicesfor mobile communications
RF modules Wireless modules Embedded-parts multilayer wiringsubstrate EOMINTM
Lithium ion capacitorsEDLC
Low-profile type
Axial leadedtype
Products for High Reliability Usage
Multilayer Ceramic Capacitors Inductors
Noise Suppression Components
8
Net Sales by Market Sector
14％
12％
42％
31％
１％
0%
20%
40%
60%
80%
100%Others
Consumer
Information
Automotive /Industrial
Communication
Others Communication equipment
• Smart phones
• Mobile phones, etc.
(April 2017 - March 2018)
Automotive / Industrial
equipment
• Automotive applications
• Industrial equipment
• Healthcare, etc.
Information equipment
• PCs
• Tablet devices
• Hard disk drives, etc.
Consumer products
• TVs
• Digital cameras
• Game consoles, etc.
9
0%
20%
40%
60%
80%
100%Others
Integratedmodule anddevice
Ferrite andappliedproducts
Capacitors
59％
17％
23％
1％
Net Sales by Product Segment
Capacitors
(April 2017 - March 2018)
Ferrite and applied products
Integrated module
and device
Others
10
Pro
fit
La
rge
Material
Component Modularization
Software
Assembly
Provide solutions and
after-sales services
Mounting
Strengthen core technologies(Material, process, design)
Advancement of manufacturing
The distance from the end customer
Create new business by
providing solutions
Sm
all
Distant Close
Capacitors
Inductors
Communications
devices
New business
Functional modules
Three products and one solution
Change Business Model to Establish Profitable Operating Structure
11
Data centers
MLCCs(large capacitance)
Automobiles, etc.
MLCCs/inductors(high reliability)
Conductive polymer hybrid aluminum electrolytic capacitors, etc.
Energy regeneration systems for electric bicycles
Piezoelectric pressure wave Sensors
Energy
LITHOSION™(lithium-ion capacitors)
PV monitoring systems
Security
Wireless optical communications
Wireless modules
Smartphones / wearable devices
MLCCs/inductors(small, large capacitance / higher current)
FBAR/SAW devices
Actuators(haptic technology)
All solid-state lithium-ion secondary batteries
Industrial equipment
Gas smell sensors
MLCCs/inductors(high voltage resistance/higher current)
Large power capacitors
MRLDTM
(Memory BasedReconfigurableLogic Device)
Provision of products
Provision of solutions
Big data
Inductors(higher current)
(Artificial Intelligence)
Spread of IoT Driving Increased Demand for TAIYO YUDEN Electronic Components
12
-10%
-5%
0%
5%
10%
0
1.000
2.000
3.000
4.000
2009
3月期
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
予想
2021
目標
（億円）
売上高 営業利益率
Net sales
Operating margin
ROE
¥ 300 billion
above 10%
above 10%
Targets for achievement by
FY ending March 2021
\ in billion
Net sales Operating marginForecast TargetYear ended
March 31
(5)
(10)
Initiatives to Achieve Medium-term Management Plan
1. Expand focusmarkets*; work toward a
sales ratio of 38% (the golden ratio)*Automobiles, Industrial equipment, Environmental energy, Healthcare
2. Promote further advancements in
manufacturing; smart. E project
3. Shift to aggressive capital investment;
accelerate investment centered on capacitors
Medium-term Management Plan
13
9%
Sales composition by market sector
35%
19%20%
22%42%
31%
14%
12%
Mar. 2014
Mar. 2018Targets
15%
38%*
*Estimated by the Company Automobiles
Communication equipment
Consumer products
Information equipment
Automobiles and industrial equipment
*The golden ratio
For automobiles and industrial equipment
For automobiles
3%
Focus Markets
14
Enhancement of
safety features
Improved
functionality of
instrument clusters
Advances in
engine ECUs Electrification of
vehicles
Increased sensors
Increasing demand for large-size, high voltage resistant,
and highly-reliable components
Number of electronic components installed per unit
(of which approx. half are MLCCs)
中級車 高級車 HV EV
Further increases
due to autonomous
driving systems
Medium-class
vehicle
High-class
vehicleHV EV
Focus Market : Automotive Market
15
1 10 100 1000 10(μF)
Voltage (V)
Capa-citance
10
100
1000
100
Conductive polymer
hybrid aluminum
electrolytic capacitors
MLCC
Large power capacitors*Mass production preparations under way
EV, SiC, GaN
Mild hybrid vehicles
(conversion to 48V)
Cloud, ADAS,
Smartphones
1000
EDLCs /
lithium-ion capacitors
(LITHOSIONTM)
(F)
All solid-state
batteries
*Under development
Replacement from film capacitors
Automobiles, industrial
equipment
Wearable
devices
Capacitor Business Trends
16
Completed
Implementation
under way FY2017 results
• Control of human-induced variations
• Early detection of abnormalities
→ Improvements in yield / quality
→ Improved productivity
～Shift from G to E～Utilize IoT and big data
to eliminate wastefulness, inconsistency and overburden;
promote major advancements in manufacturing
Start
smart. E Project: Advancements in Manufacturing
17
Sales Offices/Manufacturing Bases/Development Bases/Subsidiary Companies in Japan
Energy Devices : 1
TAIYO YUDEN ENERGY DEVICE
Ferrite and AppliedProducts : 3
Nakanojo Plant
WAKAYAMA TAIYO YUDEN
FUKUSHIMA TAIYO YUDEN
Haruna Plant
Tamamura Plant
TAIYO YUDEN
CHEMICAL TECHNOLOGY
NIIGATA TAIYO YUDEN
Capacitors : 4
R&D Center
R&D Center : 1
Takasaki Global Center
HQ : 3
Modules : 1
Yawatabara Plant
TAIYO YUDEN
TECHNO SOLUTIONS
RF Device : 3
Akashi Device
R&D Center
TAIYO YUDEN Mobile Technology Tokorozawa Plant
TAIYO YUDEN Mobile Technology
Head Office
2-7-19, Kyobashi, Chuo-ku, Tokyo 104-0031, Japan
17ELNA
[Sales Offices]Metropolitan Sales Office (Tokyo)Sendai Sales Office (Miyagi)Gunma Sales Office (Gunma)Nagoya Sales Office (Aichi)Kansai Sales Office (Osaka)Fukuoka Sales Office (Fukuoka)
18
TAIYO YUDEN (SARAWAK) SDN. BHD.
KOREA KYONG NAM TAIYO YUDEN CO., LTD.
TAIYO YUDEN (GUANGDONG) CO., LTD.
TAIYO YUDEN (TIANJIN) ELECTRONICS CO., LTD.
TAIWAN TAIYO YUDEN CO., LTD.
TAIYO YUDEN (PHILIPPINES), INC.
18
Global Manufacturing/Development Bases
Capacitors : 3
Ferrite and Applied Products : 3
R&D Center : 1
This led to its current development, production,and sales network spanning 15 countries and regions worldwide, including Japan.
(As of March 31, 2018)
Ratio of
overseas production
64.7%
Ratio of overseas
sales to net sales
90.5%
19
Global Sales Network W/W 34 Sales Offices (Overseas 28）
2
15
4
1
3
1617
14
2
34
16
5
1
3
8
46
11
13
9
18
10
12
7
◆North America① TAIYO YUDEN (U.S.A.) INC. Chicago Office *② San Diego Office③ San Jose Office④ Dallas Office⑤ Boston Office⑥ Canada Office
◆Europe① TAIYO YUDEN EUROPE GmbH *② UK Office③ Scandinavia Office④ France Office
2 5
HeadquarterJapan
6 sales offices
◆Asia① KOREA TAIYO YUDEN CO., LTD.② TAIYO YUDEN (CHINA) CO., LTD. *③ TAIYO YUDEN (SHANGHAI) TRADING CO., LTD.④ Beijing Office⑤ Suzhou Office⑥ Tianjin Office⑦ Wuhan Office⑧ TAIYO YUDEN (SHENZHEN) ELECTRONICS TRADING CO., LTD.⑨ Xi'an Office⑩ Chengdu Office⑪ Xiamen Office
⑫ HONG KONG TAIYO YUDEN CO., LTD.⑬ TAIWAN TAIYO YUDEN CO., LTD.⑭ TAIYO YUDEN (SINGAPORE) PTE. LTD.⑮ TAIYO YUDEN TRADING (THAILAND) CO., LTD.⑯ TAIYO YUDEN (MALAYSIA) SDN. BHD. Kuala Lumpur Office⑰ Penang Office⑱ TAIYO YUDEN CO., LTD. Manila Representative Office
●Headquarters
●Sales Offices
20
CSR Activities
The TAIYO YUDEN Group will win our clients’ confidence by developing
and providing high value-added products and services, for which safety is
thoroughly considered.
The TAIYO YUDEN Group will pursue global environmental preservation
by reducing environmental impacts caused by our business activities.
（Abstracted from CSR Charter）
CSR Charter TAIYO YUDEN Group’s Chapter on Responsibility
