TDK Corporation · TSE:6762

TDK — FY March 2019 Earnings Presentation

28 slides from TDK's earnings presentation, Apr 26, 2019

  1. Slide 1: Performance Briefing Fiscal Year March 2019

    Performance Briefing Fiscal Year March 2019 TDK Corporation Corporate Communications Group April 26, 2019

  2. Slide 2: Consolidated Results and Projections Agenda

    ●Consolidated Results for FY March 2019 Tetsuji Yamanishi, Senior Vice President ●Consolidated Full Year Projections for FY March 2020 Shigenao Ishiguro, President & CEO © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  2

  3. Slide 3: Consolidated Results for FY March 2019

    Consolidated Results for FY March 2019 Tetsuji Yamanishi Senior Vice President © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  3

  4. Slide 4: Key points concerning earnings for FY March 2019

    Key points concerning earnings for FY March 2019 ● Net sales, operating income, income before income taxes, and net income reached new record highs* ● Net sales increased 8.7%, operating income increased 20.2% towards the ¥100.0 billion level* ¬ Secured higher sales and profits year on year despite

  5. Slide 5: Consolidated full year results for FY March 2019

    Consolidated full year results for FY March 2019 FY March 2018 FY March 2019 Change full year results full year results (Yen billions) Yen billions % Net sales 1,271.7 1,381.8 110.1 8.7 Operating income 89.7 107.8 18.1 20.2 Operating income margin 7.1% 7.8% +0.7 pt - Income before income taxes 89.8

  6. Slide 6: FY March 2019 results - Passive Components segment

    FY March 2019 results - Passive Components segment Net sales Net sales 433.4 billion yen (up 3.7% year on year) (Yen billions) 433.4 Operating income 58.4 billion yen (up 16.3% year on year) 417.8 ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased due to strong demand

  7. Slide 7: FY March 2019 results - Sensor Application Products segment

    FY March 2019 results - Sensor Application Products segment Net sales Net sales 76.5 billion yen (down 1.2% year on year) (Yen billions) Operating loss -22.1 billion yen (up ―% year on year) 77.4 76.5 ● Sensors ¬ Temperature and Pressure Sensors achieved higher sales year on year atop growth in the

  8. Slide 8: FY March 2019 results - Magnetic Application Products segment

    FY March 2019 results - Magnetic Application Products segment Net sales (Yen billions) Net Sales 272.8 billion yen (down 1.7% year on year) 277.5 272.8 Operating income 17.0 billion yen (up 5.6% year on year) ● HDD Heads and HDD Suspension Assemblies ¬ Sales maintained the same level and profit incr

  9. Slide 9: FY March 2019 results - Energy Application Products segment

    FY March 2019 results - Energy Application Products segment Net sales Net sales 537.5 billion yen (up 21.4% year on year) (Yen billions) Operating income 91.0 billion yen (up 25.7% year on year) 537.5 442.8 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ Sales

  10. Slide 10: Breakdown of operating income changes

    Breakdown of operating income changes FY March 2018 Operating income +18.1 billion yen FY March 2019 89.7 billion yen 107.8 billion yen (Yen billions) Rationalization, Benefits from SG&A expenses Sales price cost reduction restructuring increase Changes in sales reduction +21.5 +1.4 (26.5) +39.4 (19

  11. Slide 11: Quarterly results by segment

    FY March 2019 quarterly results by segment 4Q of 3Q of 4Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2018 FY March 2019 FY March 2019 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 41.4 42.7 42.3 0.9 2.2 (0.4) -0.9 Inductive Devices 39.2 39.5 36.2 (3.0) -7.7 (3.3) -8.4 Ot

  12. Slide 12: Consolidated Full Year Projections for FY March 2020

    Consolidated Full Year Projections for FY March 2020 Shigenao Ishiguro President & CEO © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  12

  13. Slide 13: Key points concerning projections for FY March 2020

    Key points concerning projections for FY March 2020 ● We will pursue business opportunities as the electronics business expands in the medium to long term with the acceleration of trends towards digital and energy transformations ● Events such as US-China trade friction, China’s economic slowdown, B

  14. Slide 14: FY March 2020 full year / dividend projections

    FY March 2020 full year / dividend projections FY March 2020 YoY change FY March 2019 full year projections full year results Yen billions % (announced on Apr. 26, 2019) (Yen billions) Net sales 1,381.8 1,420.0 38.2 2.8 Operating income 107.8 120.0 12.2 11.3 Operating income margin 7.8% 8.5% +0.7 pt

  15. Slide 15: Projections for FY March 2020 - Image of changes in sales

    Projections for FY March 2020 - Image of changes in sales (Yen billions) FY March 2020 FY March 2019 Segment full year projections full year results (YoY change) Passive Components 433.4 +2～+5% Sensor Application Products 76.5 +28～+31% Magnetic Application Products 272.8 -17～-20% Energy Application

  16. Slide 16: Supplementary Data

    Supplementary Data © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  16

  17. Slide 17: Financial position

    Financial position Change March end, 2017 March end, 2018 March end, 2019 (Yen billions) 2018-2019 Total assets 1,664.3 1,905.2 1,992.5 87.3 Total liabilities 862.2 1,074.0 1,108.7 34.7 Stockholder’s equity 793.6 824.6 877.3 52.7 (comprehensive income) -108.6 -119.5 -124.4 -4.9 Stockholder’s equity

  18. Slide 18: Cash flows

    Cash flows (Yen billions) Operating cash flow Investment cash flow Free cash flow 200 160.1 140.3 150 89.0 91.3 100 50 0.1 0 March end, 2017 March end, 2018 March end, 2019 (50) (100) (71.1) (150) (154.8) (140.2) (200) (250) (246.1) Change March end, 2017 March end, 2018 March end, 2019 (Yen billion

  19. Slide 19: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2018 FY March 2019 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 36.3 39.2 40.1 157.0 41.4 44.5 43.9 42.7 173.3 42.3 Inductive Devices 37.6 40.5 40.3 39.2 157.5 41.3 41.6 39.5 36.2 158.6 Other Passive Components 22.8 26.2 28.9

  20. Slide 20: FY March 2020 projections and forex sensitivity

    FY March 2020 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 250 200.0 200 178.6 167.6 173.6 160.7 150 130.0 115.2 120.0 106.6 102.6 100 87.5 92.2 84.9 91.3 83.2 50 0 FY16/3 FY17/3 FY18/3 FY19/3 FY20/3 FY16/3 FY17/3 FY18/3 FY19/3 FY20/3 FY16/3 FY17/3 F

  21. Slide 21: Annual sales by applications

    Annual sales by applications (FY March 2018 - FY March 2019) © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  21

  22. Slide 22: Passive Components business annual sales by applications

    Passive Components business annual sales by applications (FY March 2018 - FY March 2019) © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  22

  23. Slide 23: Quarterly sales by applications

    Quarterly sales by applications (FY March 2018 - FY March 2019) © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  23

  24. Slide 24: Passive Components business quarterly sales by applications

    Passive Components business quarterly sales by applications (FY March 2018 - FY March 2019) © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  24

  25. Slide 25: Performance Briefing Fiscal Year March 2019

    © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  25

  26. Slide 26: Performance Briefing Fiscal Year March 2019

    © TDK Corporation  2019 Performance Briefing Fiscal Year March 2019 Corporate Communications Group  April 26, 2019  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 uploaded on website

    Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/corp/en/ir/ir_events/conference/2019/4q_1.htm

TDK — FY March 2019 Earnings Presentation on 6ix