Taiyo Yuden announced on November 9 that it will raise its consolidated revenue target from April 2018 to March 2019 from the original estimate of 260 billion yen to 271 billion yen. The MLCC's revenue target will be raised from 161 billion yen to 171 billion yen. The reason for raising the revenue target is that the demand for MLCC for vehicles, industrial machines and high-performance smartphones continues to rise.

Taiyo Yuden also announced last quarter's financial report: due to the surge in sales of MLCC, boosting consolidated revenues increased 15.4% year-on-year to 73.789 billion yen, and quarterly revenues hit record highs; consolidated earnings surged 62.7% to 87.22 billion yen, combined with net profit increased by 25.1% to 5.334 billion yen.

Taiyo Yuden pointed out that the capacitor inventory estimate at the end of December 2018 will be the same as that at the end of September, and will increase the inventory by about 1.5 billion yen at the end of March 2019.

The Nikkei News has pointed out that Taiyo Yuden is currently expanding its MLCC capacity by an annual increase of about 10%, but it is still unable to catch up with demand growth.

On 31st October, another MLCC company in Japan, TDK, raised its revenue target and announced to expands its MLCC capacity by 20% annually. In addition, Murata also said in October that the supply of MLCC will takes about 2 years to catch up with the demand.

Combined with the situation of various MLCC manufacturers, the current shortage of high-end MLCC will continue for some time.