TDK Corporation · TSE:6762
TDK — Q1 FY March 2021 Earnings Presentation
13 slides from TDK's earnings presentation, Jul 30, 2020
Slide 1: Consolidated Results for 1Q of FY March 2021
Consolidated Results for 1Q of FY March 2021 Tetsuji Yamanishi Executive Vice President © TDK Corporation 2020 Performance Briefing 1Q of Fiscal Year March 2021 Corporate Communications Group July 30, 2020 1
Slide 2: Key points concerning earnings for 1Q of FY March 2021
Key points concerning earnings for 1Q of FY March 2021 Digital transformation (DX) has accelerated during the COVID-19 pandemic, and demand related to remote working and 5G was stronger than initially anticipated. ● Net sales decreased 8.1% year on year. Operating income declined 26.4% year on year.
Slide 3: Consolidated results for 1Q of FY March 2021
Consolidated results for 1Q of FY March 2021 FY March 2020 FY March 2021 Change 1Q results 1Q results (Yen billions) Yen billions % Net sales 336.8 309.4 (27.4) -8.1 Operating income 25.0 18.4 (6.6) -26.4 Operating income margin 7.4% 5.9% -1.5 pt - Income before income taxes 24.7 20.7 (4.0) -16.2 Ne
Slide 4: 1Q results - Passive Components segment
1Q results - Passive Components segment Net sales (Yen billions) Net sales 84.4 billion yen (down 14.1% year on year) 98.3 Operating income 7.7 billion yen (down 25.2% year on year) 84.4 ● Ceramic Capacitors ¬ Sales and operating income decreased year on year. ¬ Sales increased to the ICT market, wh
Slide 5: 1Q results - Sensor Application Products segment
1Q results - Sensor Application Products segment Net sales Net sales 14.7 billion yen (down 18.8% year on year) (Yen billions) 18.1 Operating loss -7.3 billion yen (up ―% year on year) 14.7 ● Sensors ¬ Sales and operating income decreased year on year. ¬ Sales of conventional products (Temperature a
Slide 6: 1Q results - Magnetic Application Products segment
1Q results - Magnetic Application Products segment Net sales Net Sales 38.3 billion yen (down 31.0% year on year) (Yen billions) Operating loss -3.8 billion yen (up ―% year on year) 55.5 ● HDD Heads and HDD Suspension Assemblies 38.3 ¬ Sales of HDD Heads fell sharply as parts of Asia went into lockd
Slide 7: 1Q results - Energy Application Products segment
1Q results - Energy Application Products segment Net sales (Yen billions) Net Sales 156.9 billion yen (up 8.6% year on year) 156.9 Operating income 31.3 billion yen (up 18.1% year on year) 144.5 ● Energy Devices (Rechargeable Batteries) ¬ Sales and operating income increased year on year. ¬ Sales ex
Slide 8: Quarterly results by segment
Quarterly results by segment 1Q of 4Q of 1Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2020 FY March 2020 FY March 2021 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 39.3 37.7 33.3 (6.0) -15.3 (4.4) -11.7 Inductive Devices 34.1 33.0 27.4 (6.7) -19.6 (5.6) -17.0 Other Pas
Slide 9: Breakdown of operating income changes
Breakdown of operating income changes 1Q of 1Q of FY March 2020 Operating income -6.6 billion yen FY March 2021 25.0 billion yen 18.4 billion yen (Yen billions) Changes in sales 25.0 (9.7) Exchange Benefits from SG&A expenses Rationalization, One-time fluctuation restructuring increase cost reductio
Slide 10: Projections for 2Q of FY March 2021 - Image of changes in sales
Projections for 2Q of FY March 2021 - Image of changes in sales (Yen billions) 2Q projections Segment 1Q of FY March 2021 (QoQ change) Passive Components 84.4 ±0% Sensor Application Products 14.7 +16～+19% Magnetic Application Products 38.3 +23～+26% Energy Application Products 156.9 +19～+22% Other 15
Slide 11: Full year / dividend projections
FY March 2021 full year / dividend projections FY March 2021 YoY change FY March 2020 full year projections full year results Yen billions % (announced on May 15, 2020) (Yen billions) Net sales 1,363.0 1,290.0 (73.0) -5.4 Operating income 97.9 70.0 (27.9) -28.5 Operating income margin 7.2% 5.4% -1.8
Slide 12: 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 13: Performance briefing text data and Q&A upload site
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/corp/en/ir/ir_events/conference/2021/1q_1.htm