TDK Corporation · TSE:6762

TDK — H1 FY March 2018 Earnings Presentation

26 slides from TDK's earnings presentation, Oct 30, 2017

  1. Slide 1: Performance Briefing First Half of Fiscal Year March, 2018

    Performance Briefing First Half of Fiscal Year March, 2018 TDK Corporation October 30, 2017

  2. Slide 2: Agenda: Consolidated Results and Full Year Projections

    ◆Consolidated Results for First Half of FY March 2018 Tetsuji Yamanishi, Senior Vice President ◆Consolidated Full Year Projections for FY March 2018 Shigenao Ishiguro, President and CEO Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 -2-

  3. Slide 3: Consolidated Results for First Half of FY March 2018

    Consolidated Results for First Half of FY March 2018 Tetsuji Yamanishi Senior Vice President Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 -3-

  4. Slide 4: Key Points Concerning Earnings for First Half of FY March 2018

    Key Points Concerning Earnings for First Half of FY March 2018 ◆ Net sales achieved new records both on a half-yearly and a quarterly basis. ◆ Impact of partial transfer of the High-Frequency Components business on operating income was absorbed by profit increase in existing businesses.  In the fir

  5. Slide 5: Consolidated Results for First Half of FY March 2018

    Consolidated Results for First Half of FY March 2018 FY March 2017 FY March 2018 Change Results through 2Q Results through 2Q (Yen billions) (2016.4.1-2016.9.30) (2017.4.1-2017.9.30) Yen billions % Net Sales 579.2 623.6 44.4 7.7 Operating Income 44.3 42.3 (2.0) -4.5 Operating Income Margin 7.6% 6.8%

  6. Slide 6: First Half Results - Passive Components Segment

    First Half Results - Passive Components Segment (Yen billions) Net Sales Net Sales 215.0 billion yen (down 20.9% year on year) 271.9 Operating Income 22.6 billion yen (down 34.5% year on year) 215.0 ◆ Ceramic Capacitors ・Sales and profit increased year on year. ・Sales to the automotive market increa

  7. Slide 7: First Half Results - Sensor Application Products Segment

    First Half Results - Sensor Application Products Segment Net Sales Net Sales 36.6 billion yen (up 75.1% year on year) (Yen billions) 36.6 Operating Income -10.6 billion yen (down ―% year on year) ◆ Sensors 20.9 ・ Sales increased year on year due to the consolidation of sales of InvenSense, Inc., fol

  8. Slide 8: First Half Results - Magnetic Application Products Segment

    First Half Results - Magnetic Application Products Segment Net Sales Net Sales 165.6 billion yen (up 6.0% year on year) (Yen billions) Operating Income 11.0 billion yen (up 11.1% year on year) 156.2 165.6 ◆ HDD Heads ・Sales decreased year on year. ・Sales of HDD Suspensions Assemblies increased due t

  9. Slide 9: First Half Results - Film Application Products Segment

    First Half Results - Film Application Products Segment Net Sales Net Sales 183.2 billion yen (up 56.6% year on year) (Yen billions) 183.2 Operating Income 34.0 billion yen (up 69.2% year on year) 117.0 ◆ Energy Devices (Rechargeable Batteries) ・Sales and profit increased year on year. ・Sales for mob

  10. Slide 10: Breakdown of Operating Income Changes

    Breakdown of Operating Income Changes First Half of First Half of Operating Income -2.0 billion yen FY March 2018 FY March 2017 44.3 billion yen 42.3 billion yen (Yen billions) Exchange Fluctuation One-time Expenses (US$=Yen 111.08) Related to M&A SG&A Expenses +5.0 (7.2) Changes in Sales Sales Pric

  11. Slide 11: Consolidated Results for 2Q of FY March 2018

    Consolidated Results for 2Q of FY March 2018 FY March 2017 FY March 2018 Change (Yen billions) 2Q Results 2Q Results Yen billions % Net Sales 300.4 334.0 33.6 11.2 Operating Income 27.8 26.6 (1.2) -4.3 Operating Income Margin 9.3% 8.0% -1.3pt - Income before Income Taxes 27.9 27.3 (0.6) -2.2 Net Inc

  12. Slide 12: Quarterly Results by Segment

    Quarterly Results by Segment 2Q of 1Q of 2Q 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 33.7 36.3 39.2 5.5 16.3 2.9 8.0 Inductive Devices 35.5 37.6 40.5 5.0 14.1 2.9 7.7 Other Passive Component

  13. Slide 13: Consolidated Full Year Projections for FY March 2018

    Consolidated Full Year Projections for FY March 2018 Shigenao Ishiguro President and CEO Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 - 13 -

  14. Slide 14: Projections for 3Q of FY March 2018 - Image of Change in Sales

    Projections for 3Q of FY March 2018 - Image of Change in Sales (Yen billions) 2Q of 3Q Projections Segment FY March 2018 (Q on Q Change) Passive Components 111.5 +2%～+5% Sensor Application Products 20.2 +2%～+5% Magnetic Application Products 85.6 -4%～-7% Film Application Products 103.5 +1%～+3% Other

  15. Slide 15: 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 M ay 10, 2017) (announced on Jul. 28, 2017) (announced on Oct. 30, 2017) Yen billions %

  16. Slide 16: Supplementary Data

    Supplementary Data Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 - 16 -

  17. Slide 17: 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 Inductive Devices 35.7 35.5 36.6 37.6 145.3 37.6 40.5 Other Passive Components 62.6 70.0 72.8 40.7 246.1 29.6 31.8 Passive Com

  18. Slide 18: 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

  19. Slide 19: Financial Position

    Financial Position March End, June End, September End, Change from (Yen billions) 2017 2017 2017 June End, 2017 Total Asset 1,664.3 1,913.0 1,944.2 31.2 Total Liability 862.2 1,103.1 1,111.3 8.2 Stockholders's Equity 793.6 801.2 826.3 25.1 (Comprehensive Income) (108.6) (104.5) (92.5) 12.0 Stockhold

  20. Slide 20: Cash Flows

    Cash Flows FY March 2017 FY March 2018 YoY (Yen billions) Results through 2Q Results through 2Q Change Operating Cash Flow 54.6 (10.8) (65.4) Investing Cash Flow (87.5) (198.8) (111.3) Free Cash Flow (32.9) (209.6) (176.7) Financing Cash Flow 62.3 143.3 81.0 Effect of Exchange Rate Changes on Cash a

  21. Slide 21: Quarterly Sales by Applications

    Quarterly Sales by Applications (1Q of FY March 2017 – 2Q of FY March 2018) Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 - 21 -

  22. Slide 22: Passive Components Business Quarterly Sales by Applications

    Passive Components Business Quarterly Sales by Applications (1Q of FY March 2017 – 2Q of FY March 2018) Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 - 22 -

  23. Slide 23: Copyright © 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March,

    Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 - 23 -

  24. Slide 24: Copyright © 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March,

    Copyright© 2017 TDK Corporation. All rights reserved. First Half of Fiscal Year March, 2018 October 30, 2017 - 24 -

  25. Slide 25: 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

  26. Slide 26: Text data including Q&A will be uploaded on website

    Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_events/conference/2018/2q_1.htm

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