TDK Corporation · TSE:6762

TDK — FY March 2018 Earnings Presentation

29 slides from TDK's earnings presentation, Apr 27, 2018

  1. Slide 1: Performance Briefing Fiscal Year March 2018

    Performance Briefing Fiscal Year March 2018 TDK Corporation Corporate Communications Group April 27, 2018

  2. Slide 2: Consolidated Results for FY March 2018 and Projections for FY March 2019

    ●Consolidated Results for FY March 2018 Tetsuji Yamanishi, Senior Vice President ●Consolidated Full Year Projections for FY March 2019 Shigenao Ishiguro, President & CEO © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  2

  3. Slide 3: Consolidated Results for FY March 2018

    Consolidated Results for FY March 2018 Tetsuji Yamanishi Senior Vice President © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  3

  4. Slide 4: Key points concerning earnings for FY March 2018

    Key points concerning earnings for FY March 2018 ● Net sales achieved a new record for a fifth consecutive fiscal year ● Operating income rose in real-terms, absorbing the impact of the partial transfer of the High-Frequency Components business ¬ Net sales rose 7.9% year on year. Operating income de

  5. Slide 5: Consolidated full year results for FY March 2018

    Consolidated full year results for FY March 2018 FY March 2017 FY March 2018 Change full year results full year results (Yen billions) Yen billions % Net sales 1,178.3 1,271.7 93.4 7.9 Operating income 208.7 85.6 (123.1) -59.0 Operating income margin 17.7% 6.7% - Income before income taxes 211.7 89.

  6. Slide 6: FY March 2018 results - Passive Components segment

    FY March 2018 results - Passive Components segment Net sales (Yen billions) Net sales 437.6 billion yen (down 17.2% year on year) 528.2 Operating income 46.3 billion yen (down 17.2% year on year) 437.6 ● Ceramic Capacitors ¬ Sales increased year on year. ¬ Sales to the automotive market increased, w

  7. Slide 7: FY March 2018 results - Sensor Application segment

    FY March 2018 results - Sensor Application segment Net sales Net sales 77.6 billion yen (up 80.9% year on year) (Yen billions) 77.6 Operating income -19.4 billion yen (down ―% year on year) 42.9 ● Sensors ¬ Sales increased year on year due to the consolidation of sales of InvenSense, Inc., following

  8. Slide 8: FY March 2018 results - Magnetic Application Products segment

    FY March 2018 results - Magnetic Application Products segment Net sales (Yen billions) Net Sales 333.2 billion yen (up 1.0% year on year) 329.9 333.2 Operating income 20.9 billion yen (up 115.5% year on year) ● HDD Heads ¬ Sales decreased year on year. ¬ Sales of HDD suspensions increased due to the

  9. Slide 9: FY March 2018 results - Film Application Products segment

    FY March 2018 results - Film Application Products segment Net sales Net sales 371.0 billion yen (up 49.8% year on year) (Yen billions) 371.0 Operating income 70.4 billion yen (up 70.9% year on year) 247.7 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ Sales to

  10. Slide 10: Results by segment

    FY March 2018 results by segment FY March 2017 FY March 2018 Change full year results full year results Yen billion ％ Yen billion ％ Yen billion % Capacitors 136.8 11.6 157.0 12.3 20.2 14.8 Inductive Devices 145.3 12.3 157.5 12.4 12.2 8.4 Other Passive Components 246.1 20.9 123.1 9.7 (123.0) -50.0 Pa

  11. Slide 11: Breakdown of operating income changes

    Breakdown of operating income changes FY March 2017 Operating income -123.1 billion yen FY March 2018 208.7 billion yen 85.6 billion yen (Yen billions) Gain on transfer 208.7 (144.4) Exchange One-time fluctuation SG&A expenses expenses Restructuring Sales price Rationalization, Benefits from restruc

  12. Slide 12: Quarterly results by segment

    FY March 2018 quarterly results by segment 4Q of 3Q of 4Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2017 FY March 2018 FY March 2018 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 35.0 40.1 41.4 6.4 18.3 1.3 3.2 Inductive Devices 37.6 40.3 39.2 1.6 4.3 (1.1) -2.7 Other P

  13. Slide 13: About the change of reporting segment

    About the change of reporting segment TDK’s reporting segments will change from the previous four segments: Passive Components, Sensor Application Products, Magnetic Application Products, and Film Application Products; to Passive Components, Sensor Application Products, Magnetic Application Products

  14. Slide 14: Consolidated Full Year Projections for FY March 2019

    Consolidated Full Year Projections for FY March 2019 Shigenao Ishiguro President & CEO © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  14

  15. Slide 15: FY March 2019 full year / dividend projections

    FY March 2019 full year / dividend projections FY March 2019 YoY change FY March 2018 full year projections full year results Yen billions % (announced on Apr. 27, 2018) (Yen billions) Net sales 1,271.7 1,340.0 68.3 5.4 Operating income 85.6 100.0 14.4 16.8 Operating income margin 6.7% 7.5% +0.8 pt

  16. Slide 16: Projections for FY March 2019 - Image of changes in sales

    Projections for FY March 2019 - Image of changes in sales (Yen billions) FY March 2019 FY March 2018 Segment full year projections full year results (YoY change) Passive Components 417.8 +3～+6% Sensor Application Products 77.4 +29～+32% Magnetic Application Products 277.5 -4～-7% Energy Application Pr

  17. Slide 17: Supplementary Data

    Supplementary Data © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  17

  18. Slide 18: Financial position

    Financial position Change March end, 2016 March end, 2017 March end, 2018 (Yen billions) 2017-2018 Total assets 1,450.6 1,664.3 1,905.2 240.9 Total liabilities 765.9 862.2 1,074.0 211.8 Stockholder’s equity 675.4 793.6 824.6 31.0 (comprehensive income) -102.3 -108.6 -119.5 -10.9 Stockholder’s equity

  19. Slide 19: Cash flows

    Cash flows (Yen billions) Operating cash flow Investment cash flow Free cash flow 200 151.6 160.1 150 89.0 91.3 100 50 11.0 0 March end, 2016 March end, 2017 March end, 2018 (50) (100) (71.1) (150) (140.6) (200) (154.8) (250) (246.1) Change March end, 2016 March end, 2017 March end, 2018 (Yen billio

  20. Slide 20: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2017 FY March 2018 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 34.4 33.7 33.6 35.0 136.8 36.3 39.2 40.1 41.4 157.0 Inductive Devices 35.7 35.5 36.6 37.6 145.3 37.6 40.5 40.3 39.2 157.5 Other Passive Components 62.6 70.0 72.8

  21. Slide 21: FY March 2019 projections and forex sensitivity

    FY March 2019 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 250 210.0 200 178.6 160.7 167.6 150 102.5 110.0 103.5 110.0 100 87.5 92.2 84.9 91.3 80.2 83.2 70.6 50 0 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY15/3 FY16/3 FY1

  22. Slide 22: Annual sales by applications

    Annual sales by applications (FY March 2017 - FY March 2018) © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  22

  23. Slide 23: Passive Components business annual sales by applications

    Passive Components business annual sales by applications (FY March 2017 - FY March 2018) © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  23

  24. Slide 24: Quarterly sales by applications

    Quarterly sales by applications (FY March 2017 - FY March 2018) © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  24

  25. Slide 25: Passive Components business quarterly sales by applications

    Passive Components business quarterly sales by applications (FY March 2017 - FY March 2018) © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  25

  26. Slide 26: Performance Briefing Fiscal Year March 2018

    © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  26

  27. Slide 27: Performance Briefing Fiscal Year March 2018

    © TDK Corporation  2018 Performance Briefing Fiscal Year March 2018 Corporate Communications Group  April 27, 2018  27

  28. Slide 28: 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

  29. Slide 29: 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/2018/4q_1.htm

TDK — FY March 2018 Earnings Presentation on 6ix