Slide 1: Performance Briefing 3Q of Fiscal Year March 2021
Performance Briefing 3Q of Fiscal Year March 2021 TDK Corporation Corporate Communications Group January 29, 2021
Slide 2: Consolidated Results for 3Q and Full Year Projections
●Consolidated Results for 3Q of FY March 2021 Consolidated Full Year Projections for FY March 2021 Tetsuji Yamanishi, Executive Vice President © TDK Corporation 2021 Performance Briefing 3Q of Fiscal Year March 2021 Corporate Communications Group January 29, 2021 2
Slide 3: Consolidated Results for 3Q of FY March 2021 and Full Year Projections
Consolidated Results for 3Q of FY March 2021 Consolidated Full Year Projections for FY March 2021 Tetsuji Yamanishi Executive Vice President © TDK Corporation 2021 Performance Briefing 3Q of Fiscal Year March 2021 Corporate Communications Group January 29, 2021 3
Slide 4: Key points concerning earnings for 3Q of FY March 2021
Key points concerning earnings for 3Q of FY March 2021 Demand for electronic components continued to recover due to the resumption of social and economic activities as well as production activities amid the COVID-19 pandemic. Sales and profits increased year on year as demand related to digital tran
Slide 5: Consolidated results for 3Q
Consolidated results for 3Q of FY March 2021 FY March 2020 FY March 2021 Change 3Q results 3Q results (Yen billions) Yen billions % Net sales 355.6 395.7 40.1 11.3 Operating income 40.4 45.1 4.7 11.6 Operating income margin 11.4% 11.4% - - Income before income taxes 41.2 46.2 5.0 12.1 Net income 29.
Slide 6: 3Q results - Passive Components segment
3Q results - Passive Components segment Net sales (Yen billions) 109.5 Net sales 109.5 billion yen (up 11.4% year on year) 98.3 Operating income 13.4 billion yen (up 26.4% year on year) ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased to the automotive market and dis
Slide 7: 3Q results - Sensor Application Products segment
3Q results - Sensor Application Products segment Net sales Net sales 23.0 billion yen (up 13.3% year on year) (Yen billions) 23.0 20.3 Operating loss -4.1 billion yen (down ―% year on year) ● Sensors ¬ Sales of Temperature Sensors to the automotive and the industrial equipment markets increased. ¬ E
Slide 8: 3Q results - Magnetic Application Products segment
3Q results - Magnetic Application Products segment Net sales (Yen billions) Net sales 55.9 billion yen (down 3.5% year on year) 57.9 55.9 Operating income 4.2 billion yen (down 19.2% year on year) ● HDD Heads and HDD Suspension Assemblies ¬ Sales and profit of HDD Heads decreased year on year. ¬ Sal
Slide 9: 3Q results - Energy Application Products segment
3Q results - Energy Application Products segment Net sales (Yen billions) 195.4 Net sales 195.4 billion yen (up 21.2% year on year) Operating income 42.8 billion yen (up 5.7% year on year) 161.2 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ Sales expanded for
Slide 10: Quarterly results by segment
Quarterly results by segment 3Q of 2Q of 3Q of YoY change QoQ change (C)-(A) (C)-(B) FY March 2020 FY March 2021 FY March 2021 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 37.3 38.6 41.9 4.6 12.3 3.3 8.5 Inductive Devices 34.8 34.6 39.0 4.2 12.1 4.4 12.7 Other Passive Componen
Slide 11: Breakdown of operating income changes
Breakdown of operating income changes 3Q of 3Q of FY March 2020 Operating income +4.7 billion yen FY March 2021 40.4 billion yen 45.1 billion yen (Yen billions) Sales price reduction Rationalization, Benefits from SG&A expenses Changes in sales (7.3) cost reduction restructuring increase +18.5 One-t
Slide 12: Consolidated results through 3Q
Consolidated results through 3Q of FY March 2021 FY March 2020 FY March 2021 Change Results through 3Q Results through 3Q (Yen billions) (2019.4.1-2019.12.31) (2020.4.1-2020.12.31) Yen billions % Net sales 1,062.7 1,086.8 24.1 2.3 Operating income 109.2 107.5 (1.7) -1.6 Operating income margin 10.3%
Slide 13: Full year projections and dividend projections
FY March 2021 full year / dividend projections FY March 2021 FY March 2021 FY March 2021 YoY change FY March 2020 full year projections full year projections full year projections full year results Yen billions % (announced on Jul. 30, 2020) (announced on Oct. 30, 2020) (announced on Jan. 29, 2021)
Slide 14: Supplementary Data
Supplementary Data © TDK Corporation 2021 Performance Briefing 3Q of Fiscal Year March 2021 Corporate Communications Group January 29, 2021 14
Slide 15: Quarterly sales and operating income by segment
Quarterly sales and operating income by segment FY March 2020 FY March 2021 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 39.3 39.6 37.3 37.7 153.9 33.3 38.6 41.9 Inductive Devices 34.1 35.7 34.8 33.0 137.6 27.4 34.6 39.0 Other Passive Components 24.8 26.6 26.3 26.3 104.0 23.6 26.2 2
Slide 16: FY March 2021 projections and forex sensitivity
FY March 2021 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 200.0 200.0 180.0 178.6 173.6 173.4 167.6 150.0 140.0 140.0 125.0 120.0 120.0 115.2 117.5 106.6 102.6 100.0 87.5 92.2 91.3 50.0 0.0 FY17/3 FY18/3 FY19/3 FY20/3 FY21/3 FY21/3 FY17/3 FY18/3 FY1
Slide 17: Financial position
Financial position March End, September End, December End, Change from (Yen billions) 2020 2020 2020 Sep End, 2020 Total asset 1,943.4 2,081.6 2,208.4 126.8 Total liability 1,094.8 1,205.4 1,305.1 99.7 Stockholders's equity 844.0 872.7 900.4 27.7 (comprehensive income) (190.1) (187.9) (179.6) 8.3 St
Slide 18: Cash flows
Cash flows FY March 2020 FY March 2021 YoY Results through 3Q Results through 3Q change (Yen billions) Operating cash flow 149.5 162.9 13.4 Investing cash flow 11.4 (164.9) (176.3) Free cash flow 160.9 (2.0) (162.9) Financing cash flow (89.4) 50.2 139.6 Effect of exchange rate changes on cash and ca
Slide 19: Quarterly sales by markets
Quarterly sales by markets (1Q of FY March 2020 – 3Q of FY March 2021) (Note) In accordance with the redefinition of markets in 1Q of FY2021, certain products of Others were reclassified into Automotive, ICT, and Industrial Equipment. The prior year’s sales are also reclassified to conform to the ne
Slide 20: Passive Components business quarterly sales by markets
Passive Components business quarterly sales by markets (1Q of FY March 2020 – 3Q of FY March 2021) (Note) In accordance with the redefinition of markets in 1Q of FY2021, certain products of Others were reclassified into Automotive, ICT, and Industrial Equipment. The prior year’s sales are also recla
Slide 21: Performance Briefing 3Q of Fiscal Year March 2021
© TDK Corporation 2021 Performance Briefing 3Q of Fiscal Year March 2021 Corporate Communications Group January 29, 2021 21
Slide 22: Performance Briefing 3Q of Fiscal Year March 2021
© TDK Corporation 2021 Performance Briefing 3Q of Fiscal Year March 2021 Corporate Communications Group January 29, 2021 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 on website
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/corp/en/ir/ir_events/conference/2021/3q_1.htm