TDK Corporation · TSE:6762

TDK — Q1 FY March 2016 Earnings Presentation

23 slides from TDK's earnings presentation, Jul 31, 2015

  1. Slide 1: Performance Briefing 1Q of Fiscal Year March, 2016

    Performance Briefing 1Q of Fiscal Year March, 2016 TDK Corporation July 31, 2015 Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 -1-

  2. Slide 2: Consolidated Results for 1Q of FY March 2016

    ◆Consolidated Results for 1Q of FY March 2016 Tetsuji Yamanishi, Corporate Officer Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 -2-

  3. Slide 3: Consolidated Results for 1Q of FY March 2016

    Consolidated Results for 1Q of FY March 2016 Tetsuji Yamanishi Corporate Officer Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 -3-

  4. Slide 4: Key points concerning earnings for 1Q of FY March 2016

    Key points concerning earnings for 1Q of FY March 2016 ◆Operating income increased by 88.5% year on year. We have established a structure whereby profits are generated through synergies among our 3 core business segments (passive components, magnetic application and film application segments). ◆ The

  5. Slide 5: Consolidated Results for 1Q of FY March 2016

    Consolidated Results for 1Q of FY March 2016 FY March 2015 FY March 2016 Change (Yen billions) 1Q Results 1Q Results Yen billions % Net Sales 237.5 279.6 42.1 17.7 Operating Income 9.6 18.1 8.5 88.5 Operating Income Margin 4.0% 6.5% +2.5pt - Income from Continuing Operations before Income Taxes 10.4

  6. Slide 6: 1Q Results - Passive Components Segment

    1Q Results - Passive Components Segment Net Sales Net Sales 147.8 billion yen (up 21.2% year on year) (Yen billions) 147.8 Operating Income 15.0 billion yen (up 92.3% year on year) 121.9 ◆Ceramic Capacitors ・Sales increased year on year, particularly to the automobile market, which accounts for arou

  7. Slide 7: 1Q Results - Magnetic Application Products Segment

    1Q Results - Magnetic Application Products Segment Net Sales Net Sales 79.4 billion yen (down 6.8% year on year) (Yen billions) 85.2 Operating income 3.8 billion yen (down 47.9% year on year) 79.4 ◆Recording Devices (HDD Heads) ・The PC market slowed down compared to the previous year, in which deman

  8. Slide 8: 1Q Results - Film Application Products Segment

    1Q Results - Film Application Products Segment Net Sales (Yen billions) 43.2 Net sales 43.2 billion yen (up 92.0% year on year) Operating income 4.7 billion yen (16 times increases year on year) 22.5 ◆Energy Devices (Rechargeable Batteries) ・Both sales and profits increased year on year due to stron

  9. Slide 9: Quarterly Results by Segment

    Quarterly Results by Segment 1Q of 4Q of 1Q of YoY Change QoQ Change (C)-(A) (C)-(B) FY March 2015 FY March 2015 FY March 2016 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 36.5 37.6 39.1 2.6 7.1 1.5 4.0 Inductive Devices 35.7 36.4 37.9 2.2 6.2 1.5 4.1 Other Passive Components

  10. Slide 10: Breakdown of Operating Income Changes

    Breakdown of Operating Income Changes 1Q of 1Q of Operating Income +8.5 billion yen FY March 2016 FY March 2015 9.6 billion yen 18.1 billion yen (Yen billions) Sales price Benefits from Changes in sales Reduction Rationalization, Restructuring SG&A expenses +11.3 (13.7) cost reduction +0.7 increase

  11. Slide 11: Projections for 2Q of FY March 2016 - Image of change in sales

    Projections for 2Q of FY March 2016 -Image of change in sales 1Q of 2Q Projections Segment Main factor and premise of projections FY March 2016 (Q on Q Change) Passive Increase in sales of various products for the Components 147.8 +3%～+4% ICT market and the automobile market Magnetic Increase in sal

  12. Slide 12: Full Year / Dividend Projections

    FY March 2016 Full Year / Dividend Projections TDK keeps initial projections (announced on April 28) unchanged. YoY Change FY March 2015 FY March 2016 Full Year Results Full Year Projections Yen billions % (Yen billions） Net sales 1,082.6 1,180.0 97.4 9.0% Operating income 72.5 95.0 22.5 31.0% Opera

  13. Slide 13: Supplementary Data

    Supplementary Data Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 - 13 -

  14. Slide 14: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2015 FY March 2016 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 36.5 37.3 37.5 37.6 149.0 39.1 Inductive Devices 35.7 37.1 38.1 36.4 147.3 37.9 Other Passive Components 49.7 55.5 67.6 62.8 235.8 70.8 Passive Components 121.9 1

  15. Slide 15: Projections and Forex sensitivity

    FY March 2016 Projections and Forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 140 130.0 120 99.7 102.5 100 85.6 90.0 79.9 77.4 82.9 80.2 77.0 80 68.6 70.6 63.4 60 52.6 53.5 40 20 0 12/3 13/3 14/3 15/3 16/3 12/3 133/3 14/3 15/3 16/3 12/3 13/3 14/3 15/3 16/3 Projections

  16. Slide 16: Financial Position and Cash Flows

    Financial Position and Cash Flows March End, June End, Change (Yen billions） 2015 2015 Total Asset 1,404.3 1,467.8 63.5 Total Liability 646.3 683.9 37.6 Stockholders's Equity 738.9 763.9 25.0 (comprehensive income) (5.9) 12.1 18.0 Stockholders's Equity ratio 52.6% 52.0% -0.6pt Cash and Cash equivale

  17. Slide 17: Cash Flows

    Cash Flows FY March 2015 FY March 2016 YoY (Yen billions) Results through 1Q Results through 1Q Change Operating Cash Flow 18.7 26.6 7.9 Investing Cash Flow (18.5) (25.7) (7.2) Free Cash Flow 0.2 0.9 0.7 Financing Cash Flow 1.7 10.5 8.8 Effect of exchange rate chagens on cash and cash equivalents (3

  18. Slide 18: Quarterly sales by applications

    Quarterly sales by applications (1Q of FY March 2015 –1Q of FY March 2016) Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 - 18 -

  19. Slide 19: Passive Components Business quarterly sales by applications

    Passive Components Business quarterly sales by applications (1Q of FY March 2015 –1Q of FY March 2016) Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 - 19 -

  20. Slide 20: Copyright © 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016

    2006/3 : FY March 2006 Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 - 20 -

  21. Slide 21: Copyright © 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016

    2006/3 : FY March 2006 Copyright© 2015 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2016 July 31, 2015 - 21 -

  22. Slide 22: 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

  23. Slide 23: Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_ev…

    Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_events/conference/2016/1q_1.htm

TDK — Q1 FY March 2016 Earnings Presentation on 6ix