TDK Corporation · TSE:6762

TDK — Q1 FY March 2018 Earnings Presentation

24 slides from TDK's earnings presentation, Jul 28, 2017

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

    Performance Briefing 1Q of Fiscal Year March, 2018 TDK Corporation July 28, 2017

  2. Slide 2: Consolidated Results for 1Q of FY March 2018

    ◆Consolidated Results for 1Q of FY March 2018 Tetsuji Yamanishi, Senior Vice President Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 -2-

  3. Slide 3: Consolidated Results for 1Q of FY March 2018

    Consolidated Results for 1Q of FY March 2018 Tetsuji Yamanishi Senior Vice President Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 -3-

  4. Slide 4: Key Points Concerning Earnings for 1Q of FY March 2018

    Key Points Concerning Earnings for 1Q of FY March 2018 ◆ Existing businesses absorbed the impact of transferring part of the high-frequency components business.  Net sales rose 3.8% year on year, while operating income decreased 5.5% year on year.  Sales to the automotive and industrial equipment

  5. Slide 5: Consolidated Results for 1Q of FY March 2018

    Consolidated Results for 1Q of FY March 2018 FY March 2017 FY March 2018 Change (Yen billions) 1Q Results 1Q Results Yen billions % Net Sales 278.8 289.5 10.7 3.8 Operating Income 16.5 15.6 (0.9) -5.5 Operating Income Margin 5.9% 5.4% -0.5 pt - Income before Income Taxes 16.4 16.9 0.5 3.0 Net Income

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

    1Q Results - Passive Components Segment (Yen billions) Net Sales Net Sales 103.5 billion yen (down 22.0% year on year) 132.7 Operating Income 10.2 billion yen (down 31.1% year on year) 103.5 ◆ Ceramic Capacitors ・Sales and profit increased year on year. ・Sales to the automotive market and for home e

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

    1Q Results - Sensor Application Products Segment Net Sales Net Sales 16.4 billion yen (up 57.7% year on year) (Yen billions) 16.4 Operating income -4.6 billion yen (down ―% year on year) 10.4 ◆ Sensors ・ Sales increased year on year due to the consolidation of sales of InvenSense, Inc., following th

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

    1Q Results - Magnetic Application Products Segment Net Sales Net Sales 80.0 billion yen (up 3.5% year on year) (Yen billions) 80.0 Operating income 4.8 billion yen (up 17.1% year on year) 77.3 ◆ HDD Heads ・Sales decreased year on year. ・Sales of HDD suspensions increased due to the acquisition of Hu

  9. Slide 9: 1Q Results - Film Application Products Segment

    1Q Results - Film Application Products Segment Net Sales 79.7 Net sales 79.7 billion yen (up 53.9% year on year) (Yen billions) Operating income 12.7 billion yen (up 78.9% year on year) 51.8 ◆ Energy Devices (Rechargeable Batteries) ・Sales and profit increased year on year. ・Sales for mobile applica

  10. Slide 10: Quarterly Results by Segment

    Quarterly Results by Segment 1Q of 4Q of 1Q of YoY Change QoQ Change (C)-(A) (C)-(B) FY March 2017 FY March 2017 FY March 2018 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 34.4 35.0 36.3 1.9 5.5 1.3 3.7 Inductive Devices 35.7 37.6 37.6 1.9 5.3 0.0 0.0 Other Passive Components

  11. Slide 11: Breakdown of Operating Income Changes

    Breakdown of Operating Income Changes 1Q of 1Q of Operating Income -0.9 billion yen FY March 2018 FY March 2017 16.5 billion yen 15.6 billion yen (Yen billions) Sales Price SG&A Expenses One-time Expenses Changes in Sales Reduction Benefits from Decrease Related to M&A Exchange +1.8 (14.9) Rationali

  12. Slide 12: Projections for 2Q of FY March 2018 - Image of Change in Sales

    Projections for 2Q of FY March 2018 -Image of Change in Sales (Yen billions) 1Q of 2Q Projections Segment FY March 2018 (Q on Q Change) Passive Components 103.5 +5%～+7% Sensor Application Products 16.4 +16%～+18% Magnetic Application Products 80.0 ±0% Film Application Products 79.7 +7%～+9% Other 9.9

  13. Slide 13: Full Year / Dividend Projections

    FY March 2018 Full Year / Dividend Projections FY March 2018 FY March 2018 YoY Change FY March 2017 Full Year Projections Full Year Projections Full Year Results Yen billions % (announced on May 10, 2017) (announced on Jul. 28, 2017) (Yen billions) Net Sales 1,178.3 1,110.0 1,190.0 11.7 1.0 Operatin

  14. Slide 14: Supplementary Data

    Supplementary Data Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 - 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 Inductive Devices 35.7 35.5 36.6 37.6 145.3 37.6 Other Passive Components 62.6 70.0 72.8 40.7 246.1 29.6 Passive Components 132.7 1

  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) 180 167.6 160.7 160.0 160.0 160 140 120 102.5 100 91.3 94.0 82.9 83.2 87.5 88.0 88.0 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, June End, Change (Yen billions) 2017 2017 Total Asset 1,664.3 1,913.0 248.7 Total Liability 862.2 1,103.1 240.9 Stockholders's Equity 793.6 801.2 7.6 (comprehensive income) (108.6) (104.5) 4.1 Stockholders's Equity Ratio 47.7% 41.9% -5.8pt Cash and Cash Equivalents 386.

  18. Slide 18: Cash Flows

    Cash Flows FY March 2017 FY March 2018 YoY (Yen billions) Results through 1Q Results through 1Q Change Operating Cash Flow 8.7 (19.6) (28.3) Investing Cash Flow (48.2) (176.3) (128.1) Free Cash Flow (39.5) (195.9) (156.4) Financing Cash Flow 37.3 168.3 131.0 Effect of Exchange Rate Chagens on Cash a

  19. Slide 19: Quarterly Sales by Applications

    Quarterly Sales by Applications (1Q of FY March 2017 –1Q of FY March 2018) Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 - 19 -

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

    Passive Components Business Quarterly Sales by Applications (1Q of FY March 2017 –1Q of FY March 2018) Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 - 20 -

  21. Slide 21: Copyright © 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018

    Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 - 21 -

  22. Slide 22: Copyright © 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018

    Copyright© 2017 TDK Corporation. All rights reserved. 1Q of Fiscal Year March, 2018 July 28, 2017 - 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 to 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/2018/1q_1.htm

TDK — Q1 FY March 2018 Earnings Presentation on 6ix