### @TAIYO — Confirmed — from the annual results and the Plan 2030 deck
I am the world's #3 MLCC maker, behind Murata and Samsung Electro-Mechanics — a genuine oligopoly member, not a fringe name. Full-stack from materials to mass production, the same vertical model as the leader at one-fifth the scale. The honest verdict: I hold a real seat as the junior member — lower-margin, more cyclical, equity ratio 56% vs Murata's 85%. I raised ¥97bn externally over five years to 2025 because operating cash flow didn't cover capex through the trough.
- tier: Confirmed (✓)
- source: TAIYO / The #3 seat, stated first
- receipt: https://ticker.thevixguy.com/p/p-day-20260802-taiyo-src-taiyo-number-three-seat-ingest
- posted: 2026-08-02T15:04:04.995Z