Slide 1: Performance Briefing 3Q of Fiscal Year March 2022
Performance Briefing 3Q of Fiscal Year March 2022 TDK Corporation IR&SR Group January 31, 2022
Slide 2: Consolidated Results for 3Q and Full Year Projections
●Consolidated Results for 3Q of FY March 2022 Consolidated Full Year Projections for FY March 2022 Tetsuji Yamanishi, Executive Vice President © TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 2
Slide 3: Consolidated Results for 3Q of FY March 2022 and Full Year Projections
Consolidated Results for 3Q of FY March 2022 Consolidated Full Year Projections for FY March 2022 Tetsuji Yamanishi Executive Vice President © TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 3
Slide 4: Key points concerning earnings for 3Q
Key points concerning earnings for 3Q of FY March 2022 Despite prolonged restrictions due to the COVID-19 pandemic, demand for electronic components remained robust, sales and operating income achieved new record highs and profitability also improved.* ● Net sales increased 26.3% year on year. Opera
Slide 5: Consolidated results through 3Q
Consolidated results through 3Q of FY March 2022 FY March 2021 FY March 2022 Change Results through 3Q Results through 3Q (Yen billions) (2020.4.1-2020.12.31) (2021.4.1-2021.12.31) Yen billions % Net sales 1,086.8 1,393.9 307.1 28.3 Operating income 107.5 139.2 31.8 29.5 Operating income margin 9.9%
Slide 6: Consolidated results for 3Q
Consolidated results for 3Q of FY March 2022 FY March 2021 FY March 2022 Change 3Q results 3Q results (Yen billions) Yen billions % Net sales 395.7 499.7 104.0 26.3 Operating income 45.1 59.2 14.1 31.3 Operating income margin 11.4% 11.8% +0.4pt - Income before income taxes 46.2 62.2 16.0 34.6 Net in
Slide 7: 3Q results - Passive Components segment
3Q results - Passive Components segment Net sales (Yen billions) Net sales 129.5 billion yen (up 18.3% year on year) 129.5 Operating income 22.6 billion yen (up 69.3% year on year) 109.5 ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased to the automotive market and di
Slide 8: 3Q results - Sensor Application Products segment
3Q results - Sensor Application Products segment Net sales Net sales 36.1 billion yen (up 57.1% year on year) (Yen billions) 36.1 Operating income 3.7 billion yen (up ―% year on year) 23.0 ● Sensors ¬ Sales surged year on year. The segment achieved profitability in 2Q and the profit margin improved
Slide 9: 3Q results - Magnetic Application Products segment
3Q results - Magnetic Application Products segment Net sales (Yen billions) 64.0 Net sales 64.0 billion yen (up 14.4% year on year) 55.9 Operating income 3.3 billion yen (down 22.5% year on year) ● HDD Heads and HDD Suspension Assemblies ¬ Sales and profits of HDD heads increased year on year due to
Slide 10: 3Q results - Energy Application Products segment
3Q results - Energy Application Products segment Net sales (Yen billions) Net sales 256.1 billion yen (up 31.1% year on year) 256.1 Operating income 39.0 billion yen (down 8.9% year on year) 195.4 ● Energy Devices (Rechargeable Batteries) ¬ Sales increased and profit decreased year on year. Profit d
Slide 11: Quarterly results by segment
Quarterly results by segment YoY change QoQ change 3Q of 2Q of 3Q of (C)-(A) (C)-(B) FY March 2021 FY March 2022 FY March 2022 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 41.9 49.8 50.8 8.8 21.0 1.0 1.9 Inductive Devices 39.0 45.2 47.0 7.9 20.3 1.7 3.8 Other Passive Component
Slide 12: Breakdown of operating income changes
Breakdown of operating income changes 3Q of 3Q of FY March 2021 Operating income +14.1 billion yen FY March 2022 45.1 billion yen 59.2 billion yen (Yen billions) Rationalization, Benefits from SG&A expenses cost reduction restructuring increase Exchange +7.4 +1.2 (12.2) fluctuation Sales price (US$=
Slide 13: Full year / dividend projections
FY March 2022 full year / dividend projections FY March 2022 FY March 2022 FY March 2022 YoY change FY March 2021 full year projections full year projections full year projections full year results Yen billions % (Yen billions) (announced on Jul. 28, 2021) (announced on Nov. 1, 2021) (announced on J
Slide 14: Supplementary Data
Supplementary Data © TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 14
Slide 15: Quarterly sales and operating income by segment
Quarterly sales and operating income by segment FY March 2021 FY March 2022 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 33.3 38.6 41.9 44.3 158.2 47.1 49.8 50.8 Inductive Devices 27.4 34.6 39.0 39.0 140.0 42.0 45.2 47.0 Other Passive Components 23.6 26.2 28.5 30.6 109.0 32.0 32.3 3
Slide 16: FY March 2022 projections and forex sensitivity
FY March 2022 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 350.0 300.0 300.0 250.0 212.4 200.0 178.6 173.6 173.4 160.0 160.0 150.0 140.3 125.0 117.5 127.0 106.6 115.2 92.2 102.6 100.0 50.0 0.0 FY18/3 FY19/3 FY20/3 FY21/3 FY22/3 FY18/3 FY19/3 FY20/3 F
Slide 17: Financial position
Financial position March End, September End, December End, Change from (Yen billions) 2021 2021 2021 Sep. end, 2021 Total asset 2,401.4 2,597.8 2,812.5 214.7 Total liability 1,395.1 1,508.5 1,637.1 128.6 Stockholders' equity 1,003.5 1,086.6 1,172.1 85.5 (comprehensive income) (82.7) (56.6) (7.4) 49.
Slide 18: Cash flows
Cash flows FY March 2021 FY March 2022 YoY Results through 3Q Results through 3Q change (Yen billions) Operating cash flow 162.9 77.6 (85.3) Investing cash flow (164.9) (198.3) (33.4) Free cash flow (2.0) (120.8) (118.8) Financing cash flow 50.2 126.8 76.6 Effect of exchange rate changes on cash and
Slide 19: Quarterly sales by markets
Quarterly sales by markets (1Q of FY March 2021 – 3Q of FY March 2022) © TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 19
Slide 20: Passive Components business quarterly sales by markets
Passive Components business quarterly sales by markets (1Q of FY March 2021 – 3Q of FY March 2022) © TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 20
Slide 21: Performance Briefing 3Q of Fiscal Year March 2022 © TDK Corporation 2022 IR&SR
© TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 21
Slide 22: Performance Briefing 3Q of Fiscal Year March 2022 © TDK Corporation 2022 IR&SR
© TDK Corporation 2022 Performance Briefing 3Q of Fiscal Year March 2022 IR&SR Group January 31, 2022 22
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
Slide 24: Text data including Q&A will be uploaded
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2022/3q_1.html