Slide 1: Performance Briefing First Half of Fiscal Year March 2022
Performance Briefing First Half of Fiscal Year March 2022 TDK Corporation Corporate Communications Group November 1, 2021
Slide 2: Consolidated Results and Full Year Projections
●Consolidated Results for First Half of FY March 2022 Tetsuji Yamanishi, Executive Vice President ●Consolidated Full Year Projections for FY March 2022 Shigenao Ishiguro, President and CEO © TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Gro
Slide 3: Consolidated Results for First Half of FY March 2022
Consolidated Results for First Half of FY March 2022 Tetsuji Yamanishi Executive Vice President © TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 3
Slide 4: Key points concerning earnings for first half
Key points concerning earnings for first half of FY March 2022 Demand for electronic components continued to recover on the back of the gradual waning of the COVID-19 pandemic and normalization of social and economic activities. Both net sales and operating income achieved new record highs as demand
Slide 5: Consolidated results for first half
Consolidated results for first half of FY March 2022 FY March 2021 FY March 2022 Change Results through 2Q Results through 2Q (Yen billions) (2020.4.1-2020.9.30) (2021.4.1-2021.9.30) Yen billions % Net sales 691.1 894.2 203.1 29.4 Operating income 62.4 80.0 17.6 28.2 Operating income margin 9.0% 9.0
Slide 6: First half results - Passive Components segment
First half results - Passive Components segment Net sales (Yen billions) Net sales 248.5 billion yen (up 35.2% year on year) 248.5 Operating income 39.4 billion yen (up 126.4% year on year) 183.8 ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased significantly to the a
Slide 7: First half results - Sensor Application Products segment
First half results - Sensor Application Products segment Net sales Net sales 59.5 billion yen (up 72.5% year on year) (Yen billions) 59.5 Operating loss -0.7 billion yen (down ―% year on year) ● Sensors 34.5 ¬ Sales surged year on year, and operating loss declined significantly. The segment achieved
Slide 8: First half results - Magnetic Application Products segment
First half results - Magnetic Application Products segment Net sales Net Sales 126.0 billion yen (up 42.0% year on year) (Yen billions) 126.0 Operating income 4.8 billion yen (up ―% year on year) 88.7 ● HDD Heads and HDD Suspension Assemblies ¬ Sales and profits increased year on year. One-time expe
Slide 9: First half results - Energy Application Products segment
First half results - Energy Application Products segment Net sales Net Sales 435.1 billion yen (up 21.7% year on year) (Yen billions) 435.1 Operating income 57.7 billion yen (down 27.5% year on year) 357.5 ● Energy Devices (Rechargeable Batteries) ¬ Sales increased and profit decreased year on year.
Slide 10: Breakdown of operating income changes
Breakdown of operating income changes First half of First half of FY March 2021 Operating income +17.6 billion yen FY March 2022 62.4 billion yen 80.0 billion yen (Yen billions) Benefits from SG&A expenses Sales price Rationalization, increase restructuring Changes in sales reduction cost reduction
Slide 11: Consolidated results for 2Q
Consolidated results for 2Q of FY March 2022 FY March 2021 FY March 2022 Change 2Q results 2Q results (Yen billions) Yen billions % Net sales 381.7 474.1 92.4 24.2 Operating income 44.0 49.2 5.2 11.9 Operating income margin 11.5% 10.4% -1.1 pt - Income before income taxes 42.5 52.2 9.8 23.0 Net inco
Slide 12: Quarterly results by segment
Quarterly results by segment YoY change QoQ change 2Q of 1Q of 2Q of (C)-(A) (C)-(B) FY March 2021 FY March 2022 FY March 2022 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 38.6 47.1 49.8 11.2 29.1 2.7 5.7 Inductive Devices 34.6 42.0 45.2 10.6 30.6 3.2 7.6 Other Passive Compone
Slide 13: Consolidated Full Year Projections for FY March 2022
Consolidated Full Year Projections for FY March 2022 Shigenao Ishiguro President and CEO © TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 13
Slide 14: Key points concerning revisions to full year projections
Key points concerning revisions to FY March 2022 full year projections ● Market forecast (changes from initial forecasts) ¬ The global economic growth rate is expected to deteriorate slightly overall, as economic growth will likely slow in the U.S. and China, despite the improvement trend in the eur
Slide 15: Projections for 3Q of FY March 2022
Projections for 3Q of FY March 2022 - Image of changes in sales (Yen billions) 3Q projections Segment 2Q of FY March 2022 (QoQ change) Passive Components 127.3 -1%～-4% Sensor Application Products 32.7 -2%～-5% Magnetic Application Products 65.4 -3%～-6% Energy Application Products 235.5 +3%～+6% Other
Slide 16: Full year / dividend projections
FY March 2022 full year / dividend projections FY March 2022 FY March 2022 YoY change FY March 2021 full year projections full year projections full year results Yen billions % (Yen billions) (announced on Jul. 28, 2021) (announced on Nov. 1, 2021) Net sales 1,479.0 1,600.0 1,800.0 321.0 21.7 Operat
Slide 17: Supplementary Data
Supplementary Data © TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 17
Slide 18: Quarterly sales and operating income by segment
Quarterly sales and operating income by segment FY March 2021 FY March 2022 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 33.3 38.6 41.9 44.3 158.2 47.1 49.8 Inductive Devices 27.4 34.6 39.0 39.0 140.0 42.0 45.2 Other Passive Components 23.6 26.2 28.5 30.6 109.0 32.0 32.3 Net sales P
Slide 19: FY March 2022 projections and forex sensitivity
FY March 2022 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 350.0 300.0 300.0 250.0 212.4 200.0 178.6 173.6 173.4 160.0 160.0 150.0 140.3 125.0 117.5 127.0 106.6 115.2 92.2 102.6 100.0 50.0 0.0 FY18/3 FY19/3 FY20/3 FY21/3 FY22/3 FY18/3 FY19/3 FY20/3 F
Slide 20: Financial position
Financial position March End, June End, September End, Change (Yen billions) 2021 2021 2021 Total asset 2,401.4 2,508.2 2,597.8 89.6 Total liability 1,395.1 1,471.7 1,508.5 36.8 Stockholders's equity 1,003.5 1,033.8 1,086.6 52.8 (comprehensive income) (82.7) (67.8) (56.6) 11.3 Stockholders's equity
Slide 21: Cash flows
Cash flows FY March 2021 FY March 2022 YoY Results through 2Q Results through 2Q change (Yen billions) Operating cash flow 73.1 8.2 (64.9) Investing cash flow (98.4) (86.0) 12.4 Free cash flow (25.3) (77.8) (52.5) Financing cash flow 35.4 47.7 12.3 Effect of exchange rate changes on cash and cash eq
Slide 22: Quarterly sales by markets
Quarterly sales by markets (1Q of FY March 2021 – 2Q of FY March 2022) © TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 22
Slide 23: Passive Components business quarterly sales by markets
Passive Components business quarterly sales by markets (1Q of FY March 2021 – 2Q of FY March 2022) © TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 23
Slide 24: Performance Briefing First Half of Fiscal Year March 2022 © TDK Corporation 2021
© TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 24
Slide 25: Performance Briefing First Half of Fiscal Year March 2022 © TDK Corporation 2021
© TDK Corporation 2021 Performance Briefing First Half of Fiscal Year March 2022 Corporate Communications Group November 1, 2021 25
Slide 26: 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
Slide 27: Text data including Q&A to be uploaded
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2022/2q_1.html