TDK Corporation · TSE:6762

TDK — FY March 2017 Earnings Presentation

28 slides from TDK's earnings presentation, May 11, 2017

  1. Slide 1: Performance Briefing Fiscal Year March, 2017

    Performance Briefing Fiscal Year March, 2017 TDK Corporation May 11, 2017

  2. Slide 2: Agenda: Consolidated Results and Projections

    ◆ Consolidated Results for FY March 2017 Tetsuji Yamanishi, Corporate Officer ◆ Consolidated Full Year Projections for FY March 2018 Tetsuji Yamanishi, Corporate Officer Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 -2-

  3. Slide 3: Consolidated Results for FY March 2017

    Consolidated Results for FY March 2017 Tetsuji Yamanishi Corporate Officer Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 -3-

  4. Slide 4: Key Points Concerning Earnings for FY March 2017

    Key Points Concerning Earnings for FY March 2017 ◆ Net sales and operating income both achieved new records on a full year basis. ¾ Net sales rose 2.3% year on year. Operating income rose 123.4% year on year, reflecting the recording of a gain on transfer. ¾ High-frequency components and rechargeabl

  5. Slide 5: Consolidated Full Year Results for FY March 2017

    Consolidated Full Year Results for FY March 2017 FY March 2016 FY March 2017 Change Full Year Results Full Year Results (Yen billions) Yen billions % Net sales 1,152.3 1,178.3 26.0 2.3 Operating income 93.4 208.7 115.3 123.4 Operating income margin 8.1% 17.7% - Income before Income Taxes 91.8 211.7

  6. Slide 6: FY March 2017 Results - Passive Components Segment

    FY March 2017 Results - Passive Components Segment Net Sales Net Sales 548.7 billion yen (down 6.0% year on year) (Yen billions) Operating Income 204.7 billion yen (up 208.3% year on year) 583.5 548.7 *Operating income excluding the gain on sale was 60.3 billion yen (down 9.2% year on year). ◆ Ceram

  7. Slide 7: FY March 2017 Results - Magnetic Application Products Segment

    FY March 2017 Results - Magnetic Application Products Segment Net Sales Net Sales 349.7 billion yen (up 10.9% year on year) (Yen billions) Operating income -1.8 billion yen (―% year on year) 349.7 315.3 ◆ HDD Heads ・Sales increased year on year. ・HDD head sales were stronger than initially projected

  8. Slide 8: FY March 2017 Results - Film Application Products Segment

    FY March 2017 Results - Film Application Products Segment Net Sales Net sales 247.7 billion yen (up 12.6% year on year) (Yen billions) 247.7 Operating income 41.2 billion yen (up 11.4% year on year) 219.9 ◆ Energy Devices (Rechargeable Batteries) ・Sales increased year on year. ・Sales for smartphones

  9. Slide 9: Results by Segment

    FY March 2017 Results by Segment FY March 2016 FY March 2017 Change Full Year Results Full Year Results Yen billion ％ Yen billion ％ Yen billion % Capacitors 150.4 13.1 136.8 11.6 (13.6) -9.0 Inductive devices 155.1 13.5 145.3 12.3 (9.8) -6.3 Other Passive Components 278.0 24.1 266.6 22.6 (11.4) -4.1

  10. Slide 10: Breakdown of Operating Income Changes

    Breakdown of Operating Income Changes FY March 2016 Operating Income +115.3 billion yen FY March 2017 93.4 billion yen 208.7 billion yen (Yen billions) Gain on Restructuring transfer cost +144.4 (19.4) 208.7 Sales price Changes in sales reduction +64.2 (67.9) Rationalization, Benefits from SG&A expe

  11. Slide 11: Quarterly Results by Segment

    FY March 2017 Quarterly Results by Segment 4Q of 3Q of 4Q of YoY Change QoQ Change (C)-(A) (C)-(B) FY March 2016 FY March 2017 FY March 2017 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 35.4 33.6 35.0 (0.4) -1.1 1.4 4.2 Inductive Devices 36.3 36.6 37.6 1.3 3.6 1.0 2.7 Other Pa

  12. Slide 12: Consolidated Full Year Projections for FY March 2018

    Consolidated Full Year Projections for FY March 2018 Tetsuji Yamanishi Corporate Officer Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 12 -

  13. Slide 13: FY March 2018 Full Year / Dividend Projections

    FY March 2018 Full Year / Dividend Projections YoY Change FY March 2017 FY March 2018 Full Year Results Full Year Projections Yen billions % (Yen billions) Net sales 1,178.3 1,110.0 (68.3) -5.8 Operating income 208.7 80.0 (128.7) -61.7 Operating income margin 17.7% 7.2% -10.5 pt - Income before inco

  14. Slide 14: About the Change of Reporting Segment

    About the Change of Reporting Segment TDK newly has four reporting segments: “Passive Components”, “Magnetic Application Products”, “Film Application Products” and “Sensor Application Products”, as well as “Other”, which includes products not included in these four reporting segments. Current report

  15. Slide 15: Projections for FY March 2018 - Image of Changes in Sales

    Projections for FY March 2018 - Image of Changes in Sales (Yen billions) FY March 2018 FY March 2017 Segment Full Year Projections Full Year Results (YoY Change) Passive Components 528.3 -17～-20% Sensor Application Products 42.9 +27～+30% Magnetic Application Products 329.7 -6～-9% Film Application Pr

  16. Slide 16: Supplementary Data

    Supplementary Data Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 16 -

  17. Slide 17: Financial Position

    Financial Position Change March end, 2015 March end, 2016 March end, 2017 (Yen billions) 2016-2017 Total Assets 1,404.3 1,450.6 1,664.3 213.7 Total Liabilities 646.3 765.9 862.2 96.3 Stockholder’s Equity 738.9 675.4 793.6 118.2 (comprehensive income) (5.9) (102.3) (108.6) (6.3) Stockholder’s Equity

  18. Slide 18: Cash Flows

    Cash Flows Operating cash flow Investment cash flow Free cash flow (Yen billions) 200 160.1 151.6 150 142.9 89.0 100 50 15.6 11.0 0 March end, 2015 March end, 2016 March end, 2017 (50) (71.1) (100) (127.3) (150) (140.6) Change March end, 2015 March end, 2016 March end, 2017 (Yen billions) 2016-2017

  19. Slide 19: Quarterly Sales and Operating Income by Segment

    Quarterly Sales and Operating Income by Segment FY March 2016 FY March 2017 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 39.1 39.5 36.4 35.4 150.4 34.4 33.7 33.6 35.0 136.8 Inductive Devices 39.7 40.2 38.9 36.3 155.1 35.7 35.5 36.6 37.6 145.3 Other Passive Components 71.4 72.6 68.2

  20. Slide 20: FY March 2018 Projections and Forex Sensitivity

    FY March 2018 Projections and Forex Sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 180 167.6 160.7 160.0 160 140 120 102.5 100 87.5 88.0 91.3 86.0 82.9 80.2 83.2 84.9 80 68.6 70.6 63.4 60 40 20 0 FY14/3 FY15/3 FY16/3 FY17/3 FY18/3 FY14/3 FY15/3 FY16/3 FY17/3 FY18/3 FY14/3 F

  21. Slide 21: Annual Sales by Applications

    Annual Sales by Applications (FY March 2016 – FY March 2017) Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 21 -

  22. Slide 22: Passive Components Business Annual Sales by Applications

    Passive Components Business Annual Sales by Applications (FY March 2016– FY March 2017) Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 22 -

  23. Slide 23: Quarterly Sales by Applications

    Quarterly Sales by Applications (1Q of FY March 2016 - 4Q of FY March 2017) Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 23 -

  24. Slide 24: Passive Components Business Quarterly Sales by Applications

    Passive Components Business Quarterly Sales by Applications (1Q of FY March 2016 - 4Q of FY March 2017) Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 24 -

  25. Slide 25: Copyright © 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11,

    Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 25 -

  26. Slide 26: Copyright © 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11,

    Copyright© 2017 TDK Corporation. All rights reserved. Fiscal Year March, 2017 May 11, 2017 - 26 -

  27. Slide 27: Cautionary Statements with Respect to Forward-Looking Statements

    Cautionary Statements with Respect to Forward-Looking Statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking

  28. Slide 28: Text data including Q&A of performance briefing

    Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_events/conference/2017/4q_1.htm

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