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Taiyo Yuden Reports Q3 Results

Taiyo Yuden announced financial results for the third quarter of its fiscal year ending March 31, 2013.

According to the statement, net sales of optical storage media (CD-R, DVD±R, BD-R) increased 18.1% over the previous quarter to ¥4,257 million ($45.55 million USD) and dropped 11.3% from the same period last year. Consolidated results for the first nine months of the fiscal year reveal a sales decline of 7.4% over last year to ¥11,552 million ($123.60 million USD).

The company’s full year optical media sales forecast remains unchanged at ¥15,000 million ($160.50 million USD).