TDK Corporation · TSE:6762
TDK — FY2020 Earnings Presentation
10 slides from TDK's earnings presentation, 2020
Slide 1: President & CEO opening remarks on full year earnings projections
My name is Shigenao Ishiguro, President & CEO of TDK. First, I’d like to thank all of you for attending our performance briefing in great numbers, despite the irregular circumstances. Today, I’d like to go over our consolidated full year earnings projections for the fiscal year ending March 2021. I
Slide 2: GDP growth outlook underlying current projections
This graph shows the GDP growth outlook on which our current projections are based. Worldwide GDP is forecast to decline 4% in calendar year 2020. Looking at the outlook by region, China where COVID-19 spread first but was also contained first is expected to see recovery in the latter half of 2020 t
Slide 3: Demand assumptions for key devices
Next, I will discuss demand assumptions for key devices concerning TDK. Regarding automobiles, TDK assumes the market scale, including commercial vehicles, will decline 14% year on year to 75 million vehicles in the fiscal year ending March 2021. While some are of the opinion that larger declines ar
Slide 4: Sales projections by segment
Based on the above assumptions, we are projecting total sales of 1,290 billion yen, a roughly 5% decline from the fiscal year ended March 2020. For the Passive Components segment, we are projecting a net sales decrease of 7–10%, with the automotive and the industrial equipment markets accounting for
Slide 5: Consolidated full year earnings projections
As you can see, these are our consolidated full year earnings projections for the fiscal year ending March 2021 based on the demand forecasts for major sets and global economic trends I just discussed. Our earnings projections assume an average exchange rate of 105 yen against the U.S. dollar and 11
Slide 6: Medium-Term Plan and free cash flow outlook
As President Ishiguro previously discussed, our consolidated full year earnings projections for the fiscal year ending March 2021 call for both net sales and operating income below levels in the previous fiscal year, owing mainly to impact from the spread of COVID-19. As a result, meeting the financ
Slide 7: Energy transformation (EX) and Eco-TDK
The spread of COVID-19 is having a tremendous long-term impact on the consumer market, in part by causing supply chain problems. However, TDK is engaged in the electronics market, which is fortunately expected to grow in the future. As I mentioned at TDK Investor Meeting 2019 last year as well, I be
Slide 8: Digital transformation (DX) and closing remarks
As for the DX realm, we will start by digitalizing TDK as much as possible. The pandemic is spurring big changes in what is regarded as common sense around the world, how we work, and more. While I do not in any way intend to dismiss connections between people or humanity, I have come to realize tha
Slide 9: Cautionary statements with respect to forward-looking statements
Cautionary statements with respect to attracting tomorow 8 TDIK 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 Grou
Slide 10: Q&A text data upload information
TDIK Text data including Q&A of performance briefing will be uploaded on following site. https:/www.tdk.com/corp/en/ir/ir_events/conference/2020/4q_1.htm