TDK Corporation · TSE:6762

TDK — Q3 FY March 2018 Earnings Presentation

24 slides from TDK's earnings presentation, Jan 31, 2018

  1. Slide 1: Performance Briefing 3Q of Fiscal Year March, 2018

    Performance Briefing 3Q of Fiscal Year March, 2018 TDK Corporation January 31, 2018

  2. Slide 2: Consolidated Results and Full Year Projections

    ◆Consolidated Results for 3Q of FY March 2018 Consolidated Full Year Projections for FY March 2018 Tetsuji Yamanishi, Senior Vice President Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 -2-

  3. Slide 3: Consolidated Results for 3Q of FY March 2018

    Consolidated Results for 3Q of FY March 2018 Consolidated Full Year Projections for FY March 2018 Tetsuji Yamanishi Senior Vice President Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 -3-

  4. Slide 4: Key Points Concerning Earnings for 3Q of FY March 2018

    Key Points Concerning Earnings for 3Q of FY March 2018 ◆ Net sales achieved new records for three consecutive quarters since the beginning of the fiscal year. ◆ Operating income was largely on par with profit in the same period of the previous fiscal year, even after including M&A-related expenses a

  5. Slide 5: Consolidated Results for 3Q of FY March 2018

    Consolidated Results for 3Q of FY March 2018 FY March 2017 FY March 2018 Change 3Q Results 3Q Results (Yen billions) Yen billions % Net Sales 324.8 341.1 16.3 5.0 Operating Income 32.5 32.4 (0.1) -0.3 Operating Income Margin 10.0% 9.5% -0.5 pt - Income before Income Taxes 32.1 33.5 1.4 4.4 Net Incom

  6. Slide 6: 3Q Results - Passive Components Segment

    3Q Results - Passive Components Segment (Yen billions) Net Sales Net Sales 112.7 billion yen (down 21.2% year on year) 143.0 Operating Income 12.3 billion yen (down 35.6% year on year) 112.7 ◆ Ceramic Capacitors ・Sales and profit increased year on year. ・Sales to the automotive market increased. ◆ I

  7. Slide 7: 3Q Results - Sensor Application Products Segment

    3Q Results - Sensor Application Products Segment Net Sales Net Sales 21.6 billion yen (up 105.7% year on year) (Yen billions) 21.6 Operating Income -3.9 billion yen (down ―% year on year) ◆ Sensors 10.5 ・Sales increased year on year due to the consolidation of sales of InvenSense, Inc., following th

  8. Slide 8: 3Q Results - Magnetic Application Products Segment

    3Q Results - Magnetic Application Products Segment Net Sales Net Sales 86.9 billion yen (down 0.9% year on year) (Yen billions) Operating Income 8.3 billion yen (up 18.6% year on year) 87.7 86.9 ◆ HDD Heads ・Sales decreased year on year. ・Sales of HDD suspensions increased due to the acquisition of

  9. Slide 9: 3Q Results - Film Application Products Segment

    3Q Results - Film Application Products Segment Net Sales 105.9 Net Sales 105.9 billion yen (up 38.6% year on year) (Yen billions) Operating Income 23.6 billion yen (up 45.7% year on year) 76.4 ◆ Energy Devices (Rechargeable Batteries) ・Sales and profit increased year on year. ・Sales for mobile appli

  10. Slide 10: Quarterly Results by Segment

    Quarterly Results by Segment 3Q of 2Q of 3Q 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 33.6 39.2 40.1 6.5 19.3 0.9 2.3 Inductive Devices 36.6 40.5 40.3 3.7 10.1 (0.2) -0.5 Other Passive Compon

  11. Slide 11: Breakdown of Operating Income Changes

    Breakdown of Operating Income Changes 3Q of 3Q of Operating Income -0.1 billion yen FY March 2018 FY March 2017 32.5 billion yen 32.4 billion yen (Yen billions) Benefits from SG&A Expenses Exchange Rationalization, Increase Fluctuation One-time Expenses Restructuring Cost Reduction (3.1) (US$=Yen 11

  12. Slide 12: Consolidated Results through 3Q

    Consolidated Results through 3Q of FY March 2018 FY March 2017 FY March 2018 Change Results through 3Q Results through 3Q (Yen billions) (2016.4.1～2016.12.31) (2017.4.1～2017.12.31) Yen billions % Net Sales 904.0 964.7 60.7 6.7 Operating Income 76.8 74.7 (2.1) -2.7 Operating Income Margin 8.5% 7.7% -

  13. Slide 13: Full Year / Dividend Projections

    FY March 2018 Full Year / Dividend Projections FY March 2018 FY March 2018 FY March 2018 YoY Change FY March 2017 Full Year Results Full Year Projections Full Year Projections Full Year Projections (announced on May 10, 2017) (announced on Oct. 30, 2017) (announced on Jan. 31, 2018) Yen billions % (

  14. Slide 14: Supplementary Data

    Supplementary Data Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 - 14 -

  15. Slide 15: 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 Inductive Devices 35.7 35.5 36.6 37.6 145.3 37.6 40.5 40.3 Other Passive Components 62.6 70.0 72.8 40.7 246.1 29.6 31.8 3

  16. Slide 16: FY March 2018 Projections and Forex Sensitivity

    FY March 2018 Projections and Forex Sensitivity Expenses Capital Expenditure Depreciation R&D (Yen billions) 180 167.6 170.0 160.7 160.0 160 140 120 102.5 99.0 100 87.5 88.0 90.0 91.3 83.1 83.2 84.9 86.0 80.2 80 68.6 70.6 63.4 60 40 20 0 FY14/3 FY15/3 FY16/3 FY17/3 FY18/3 FY18/3 FY14/3 FY15/3 FY16/3

  17. Slide 17: Financial Position

    Financial Position March End, September End, December End, Change from (Yen billions) 2017 2017 2017 Sep End, 2017 Total Asset 1,664.3 1,944.2 1,963.7 19.5 Total Liability 862.2 1,111.3 1,093.3 (18.0) Stockholders' Equity 793.6 826.3 863.5 37.2 (Comprehensive Income) (108.6) (92.5) (69.4) 23.1 Stock

  18. Slide 18: Cash Flows

    Cash Flows FY March 2017 FY March 2018 YoY Results through 3Q Results through 3Q Change (Yen billions) Operating Cash Flow 115.4 31.0 (84.4) Investing Cash Flow (137.8) (203.7) (65.9) Free Cash Flow (22.4) (172.7) (150.3) Financing Cash Flow 43.1 113.0 69.9 Effect of Exchange Rate Changes on Cash an

  19. Slide 19: Quarterly Sales by Applications

    Quarterly Sales by Applications (1Q of FY March 2017 –3Q of FY March 2018) Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 - 19 -

  20. Slide 20: Passive Components Business Quarterly Sales by Applications

    Passive Components Business Quarterly Sales by Applications (1Q of FY March 2017 –3Q of FY March 2018) Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 - 20 -

  21. Slide 21: Copyright © 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018

    Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 - 21 -

  22. Slide 22: Copyright © 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018

    Copyright© 2018 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2018 Januay 31, 2018 - 22 -

  23. Slide 23: 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

  24. Slide 24: Text data including Q&A will be uploaded

    Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/corp/en/ir/ir_events/conference/2018/3q_1.htm

TDK — Q3 FY March 2018 Earnings Presentation on 6ix