Slide 1: Presentation slides for the earnings release conference
Presentation slides for the earnings release conference Fiscal Year March 2010 (April 1, 2009 – March 31, 2010) April 30, 2010 TDK Corporation FY March 2010 (April 30, 2010) 1
Slide 2: Contents
Contents Pages 4. Consolidated Results FY March 2010 and Projections for FY March 2011 Mr. Takehiro Kamigama President & CEO 10. Consolidated Results Mr. Takakazu Momozuka General Manager Finance & Accounting Department 19. Ceramic Capacitors Business Mr. Shinichi Araya Director , Senior Vice Presid
Slide 3: Cautionary Statements with Respect to Forward-Looking Statements
Cautionary Statements with Respect to Forward-Looking Statements This Thismaterial materialcontains containsforward-looking forward-lookingstatements, statements,including includingprojections, projections,plans, plans,policies, policies, management managementstrategies, strategies,targets, targets,
Slide 4: Consolidated Results FY March 2010 and Projections for FY March 2011
Consolidated Results FY March 2010 and Projections for FY March 2011 April 30, 2010 Mr. Takehiro Kamigama President & CEO FY March 2010 (April 30, 2010) 4
Slide 5: Consolidated results for FY2010
Consolidated results for FY2010 Term FY2009 FY2010 Change (April 1, 2008 - Mar. 31, 2009) (April 1, 2009 - March 31, 2010) Item (Yen millions) % (Yen millions) % (U.S.$ thousands) (Yen millions) Change(%) Net sales 727,400 100.0 808,858 100.0 8,697,398 81,458 11.2 Operating income (loss) (54,305) -7
Slide 6: Features in FY2010 results
Features in FY2010 results ◆ Electronic Market ¾ Production volumes of finished products bottomed at the end of fiscal 2009, trend upward through the end of fiscal 2010. ¾ Polarization between low-priced products and high-end products due to the popularity of low-priced models, which have been suppo
Slide 7: Projection for FY2011
Projection for FY2011 April 30, 2010 FY March 2010 FY March 2011 Change Change (%) (Unit:Yen billions) [Results] [Projections] Net sales 808.9 880.0 71.1 8.8% Operating income 25.8 62.0 36.2 140.6% Income before income taxes 21.9 60.0 38.1 173.9% Net income 13.5 45.0 31.5 232.8% Exchange rate (U.S.$
Slide 8: Focusing area and products: Broad band area, Automotive area
Focusing area and products Broad band area ¾ Further expansion in Smartphone Market 9 Sales expansion in High Frequency products => EPCOS synergy contribution Automotive area ¾ HEV/EV market expansion 9 DC-DC Convertor 9 Transformer 9 Film Capacitor FY March 2010 (April 30, 2010) 8
Slide 9: Focusing area and products: IT home electronic appliances, Other market
Focusing area and products IT home electronic appliances ¾ Further expansion in Flat TV & PC Market 9 HDD Head 9 Positive effects to passive components Other market ¾ Industrial equipments market recovery 9 Switching power supply 9 Aluminum electrolytic Capacitor 9 Film Capacitor FY March 2010 (
Slide 10: Consolidated Results
Consolidated Results (April 1, 2009 – March 31, 2010) April 30, 2010 Mr. Takakazu Momozuka Finance & Accounting Department General Manager FY March 2010 (April 30, 2010) 10
Slide 11: Consolidated sales results (Supplementary data)
Consolidated sales results (Supplementary data) FY2010 TDK EPCOS EPCOS (Unit : Yen millions, %) (excl. EPCOS) Goodwill Yen millions % Yen millions % Yen millions Net sales 639,890 100.0% 168,968 100.0% Operating income 31,690 5.0% -1,480 -0.9% -4,436 Income before 28,616 4.5% -1,888 -1.1% -4,821 inc
Slide 12: Consolidated sales results by Quarter
Consolidated sales results by Quarter Consolidated results EPCOS results (Excluding EPCOS) ( Before the deduction of goodwill depreciation) Net Sales and OP ratio Net Sales and OP ratio 300 10% 250 0% Net Sales (Yen in billions) 60 10% Net Sales (Yen in billions) 200 -10% 50 0% 150 -20% 40 -10% 30 -
Slide 13: Sales by product (Year on Year)
Sales by product (Year on Year) (excl. EPCOS) (Unit : Yen billions) 4Q of FY '09 4Q of FY '10 Change Change(%) Electronic Materials 20.9 34.5 13.6 65.1 Electronic Devices 29.0 38.2 9.2 31.6 Recording Devices 38.8 72.1 33.2 85.7 Others 18.2 20.7 2.5 13.5 Total sales 107.0 165.5 58.5 54.7 Operating In
Slide 14: Statements of operations
Statements of operations Term FY2009 FY2010 (April 1, 2008 - (April 1,2009 - Change March 31, 2009) March 31,2010) (Yen (Yen (U.S.$ (Yen % % Change(%) Item millions) millions) thousands) millions) Net sales 727,400 100.0 808,858 100.0 8,697,398 81,458 11.2 Cost of sales 605,943 83.3 617,776 76.4 6,6
Slide 15: Breakdown of Operating Income Changes
Breakdown of Operating Income Changes (Unit:Yen billions) [ Changes in operating income Total] 80.1 Changes in sales and product mix 45.5 Rationalization and cost reductions and Purchased materials saving 50.2 SG & A expenses decrease (Including restructuring cost 26.4 Bil Yen) 23.9 Exchange fluctua
Slide 16: Balance sheets (Assets)
Balance sheets (Assets) ASSETS Term As of March 31, 2009 As of March 31, 2010 Change (Yen (Yen (U.S.$ (Yen % % Item millions) millions) thousands) millions) Current assets 481,157 43.7 537,747 49.3 5,782,226 56,590 Cash and cash equivalents 165,705 132,984 1,429,935 (32,721) Short-term investments 2
Slide 17: Balance sheets (Liabilities and Equity)
Balance sheets (Liabilities and Equity) LIABILITIES AND EQUITY Term As of March 31, 2009 As of March 31, 2010 Change (Yen (Yen (U.S.$ (Yen % % Item millions) millions) thousands) millions) Current liabilities 199,621 18.1 251,377 23.0 2,702,978 51,756 Short-term debt 71,049 79,946 859,634 8,897 Curr
Slide 18: Restructuring expenditures in FY2010 and Effects
Restructuring expenditures in FY2010 and Effects Restructuring expenditures in FY2010 :13Bil Yen Expected effect in FY2011：10Bil Yen FY March 2010 (April 30, 2010) 18
Slide 19: Ceramic Capacitors business Group
Ceramic Capacitors business Group April 30, 2010 Mr. Shinichi Araya Director & Senior Vice President, General Manager FY March 2010 (April 30, 2010) 19
Slide 20: Actions completed in FY2010
Actions completed in FY2010 9 Consolidation of Japan domestic production sites (From 8 to 4 factories) 9 Optimization in Production lines 9 Optimization of human resource allocation ¾ Improvement in Productivities ¾ Reduction in expenditutures ¾ Improved in variable cost ratio Restructured business
Slide 21: Actions to proceed in FY2011
Actions to proceed in FY2011 9 Consolidation of production sites outside of Japan, From 8 to 4 factories 9 Continuous improvement activities in Productivities & total costs 9 Optimization of SCM to fit market requirements ¾ Improvement in Fixed costs ¾ Improvement in variable cost ratio From reforma
Slide 22: Data Storage & Thin Film Technology Components Business Group
Data Storage & Thin Film Technology Components Business Group April 30, 2010 Mr. Atsuo Kobayashi Corporate Officer , General Manager FY March 2010 (April 30, 2010) 22
Slide 23: Sales results in FY2010 and forecast for FY2011
Sales results in FY2010 and forecast for FY2011 FY2010 FY2011 Sales Results Sales Projection 1H 133.4 150.3 2H 145.6 153.4 Total 279.0 303.7 (Unit : Bil Yen) FY March 2010 (April 30, 2010) 23
Slide 24: Supplementary data for the FY March 2010
Supplementary data for the FY March 2010 (April 1, 2009 – March 31, 2010) April 30, 2010 Corporate Communications Dept. FY March 2010 (April 30, 2010) 24
Slide 25: Capital expenditures, Depreciation and amortization, Research and development
Capital expenditures, Depreciation and amortization, Research and development FY March 2010 FY March 2011 Unit:Yen billions [Results] Projections on Apr. 30 '1０ Capital 64.4 75.0 expenditures Depreciation and 83.8 82.0 amortization Research and 53.9 53.0 development (Share of net sales) 6.7% 6.0% <N
Slide 26: Sales by major customer industry
Sales by major customer industry Year on Year Sales Weight IT Home Electronics 0% 65% High-Speed, Large Capacity Networks Minus 13% 10% Car Electronics Plus 8% 9% Others Minus 10% 16% Recording media and EPCOS results are not included. FY March 2010 (April 30, 2010) 26
Slide 27: Sales and Operating income ratio (Excluding EPCOS)
Sales and Operating income ratio (Excluding EPCOS results) 250 15% 200 0% Sales (Yen in billions) 150 -15% 100 -30% 50 -45% 0 -60% 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales 207.9 190.6 205.9 155.9 107.0 144.6 161.1 168.7 165.5 Operating income ratio 6.4% 2.8% 4.4% -1.4% -49.2% 0.1% 6.3% 7.7% 5.1% FY Mar. '08
Slide 28: Sales for Electronic materials
Share of sales by products (Q4 of FY Mar. '10) Others 13% Electronic Materials Sales for Electronic materials 21% (Excluding EPCOS results) Electronic devices Recording devices 23% 43% 50 Sales (Yen in billions) 40 30 20 10 0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales 45.9 45.7 46.5 32.0 20.9 28.5 33.7 34.7 3
Slide 29: Sales for Electronic devices
Share of sales by products (Q4 of FY Mar. '10) Others 13% Electronic Materials Sales for Electronic device 21% (Excluding EPCOS results) Electronic devices Recording devices 23% 43% 60 Sales (Yen in billions) 50 40 30 20 10 0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales 51.4 48.7 50.1 38.4 29.0 34.0 36.6 39.7 3
Slide 30: Sales for Recording devices
Share of sales by products (Q4 of FY Mar. '10) Others 13% Electronic Materials 21% Sales for Recording devices (Excluding EPCOS results) Electronic devices Recording devices 23% 43% 100 Sales (Yen in billions) 80 60 40 20 0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales 87.9 72.4 77.6 58.4 38.8 62.6 70.8 73.6 72.
Slide 31: Sales for Others
Share of sales by products (Q4 of FY Mar. '10) Others 13% Electronic Materials 21% Sales for Others (Excluding EPCOS results) Electronic devices Recording devices 23% 43% 50 Sales (Yen in billions) 40 30 20 10 0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Sales 22.7 23.8 31.7 27.1 18.2 19.6 20.0 20.8 20.7 FY Mar. '0
Slide 32: EPCOS results
EPCOS results Before the deduction of goodwill depreciation 50 10% 40 0% Sales (Yen in billions) 30 -10% 20 -20% 10 -30% 0 -40% 4Q 1Q 2Q 3Q 4Q Sales 32.1 37.0 43.2 42.9 45.9 Operating income ratio -17.8% -10.2% 0.3% 2.3% 2.6% FY Mar. '09 FY Mar. '10 FY March 2010 (April 30, 2010) 32
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