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Taiyo Yuden Reports Q3 2014 Results

Taiyo Yuden announced financial results for the third 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) increased 11.2% over the previous quarter to ¥3,813 million ($37.01 million USD), but dropped 8.3% to ¥10,599 million ($103.12 million USD) in the first nine months compared to the same period last year.

The company’s full year optical media sales forecast remains unchanged at ¥13,500 million ($131.34 million USD), down 12.4% from 2013.

* Currency conversion as of February 21, 2014.