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Taiyo Yuden Reports Q1 2014 Results

Taiyo Yuden announced financial results for the first quarter of its fiscal year ending March 31, 2014.

According to the statement, net sales of optical storage media (CD-R, DVD±R, BD-R) decreased 13% over the previous quarter to ¥3,357 million ($34.58 million USD) and dropped 9% from the same period last year.

The company’s full year optical media sales forecast remains unchanged at ¥12,500 million ($128.79 million USD), down 18.9% from 2013.