Tdk Corporation · TSE:6762
Tdk — Q1 2023 Earnings Presentation
24 slides from Tdk's earnings presentation, Aug 1, 2022
Slide 1: Performance Briefing 1Q of Fiscal Year March 2023
Performance Briefing 1Q of Fiscal Year March 2023 TDK Corporation IR&SR Group August 1, 2022
Slide 2: Consolidated Results for 1Q and Full Year Projections
●Consolidated Results for 1Q of FY March 2023 Consolidated Full Year Projections for FY March 2023 Tetsuji Yamanishi, Executive Vice President © TDK Corporation 2022 Performance Briefing 1Q of Fiscal Year March 2023 IR&SR Group August 1, 2022 2
Slide 3: Consolidated Results for 1Q of FY March 2023 and Full Year Projections
Consolidated Results for 1Q of FY March 2023 Consolidated Full Year Projections for FY March 2023 Tetsuji Yamanishi Executive Vice President © TDK Corporation 2022 Performance Briefing 1Q of Fiscal Year March 2023 IR&SR Group August 1, 2022 3
Slide 4: Key points concerning earnings for 1Q of FY March 2023
Key points concerning earnings for 1Q of FY March 2023 Despite a slowdown in demand for electronic components due to China’s lockdowns and heightened geopolitical risks, net sales and operating profit remained firm on the back of an expansion of customer and application bases. ● Net sales increased
Slide 5: Consolidated results for 1Q of FY March 2023
Consolidated results for 1Q of FY March 2023 FY March 2022 FY March 2023 Change 1Q results 1Q results (Yen billions) Yen billions % Net sales 420.1 510.5 90.4 21.5 Operating profit 31.3 44.6 13.3 42.4 Operating profit margin 7.5% 8.7% +1.2 pt - Profit before tax 32.4 43.9 11.4 35.3 Net profit 27.0 3
Slide 6: 1Q results - Passive Components segment
1Q results - Passive Components segment Net sales 141.6 (Yen billions) 121.8 Net sales 141.6 billion yen (up 16.3% year on year) Operating profit 24.6 billion yen (up 36.1% year on year) ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased to the automotive market and di
Slide 7: 1Q results - Sensor Application Products segment
1Q results - Sensor Application Products segment Net sales 39.0 Net sales 39.0 billion yen (up 45.4% year on year) (Yen billions) Operating profit 2.8 billion yen (up ―% year on year) 26.8 ● Sensors ¬ Sales surged year on year. The segment achieved profitability. ¬ Sales of Temperature and Pressure
Slide 8: 1Q results - Magnetic Application Products segment
1Q results - Magnetic Application Products segment Net sales (Yen billions) 60.6 Net Sales 55.1 billion yen (down 9.1% year on year) 55.1 Operating loss -0.7 billion yen (down ―% year on year) ● HDD Heads and HDD Suspension Assemblies ¬ Sales and profit of HDD Heads decreased year on year due to slu
Slide 9: 1Q results - Energy Application Products segment
1Q results - Energy Application Products segment Net sales (Yen billions) 260.1 Net Sales 260.1 billion yen (up 30.3% year on year) Operating profit 27.3 billion yen (up 16.9% year on year) 199.6 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ Sales volume for
Slide 10: Quarterly results by segment
Quarterly results by segment YoY change QoQ change 1Q of 4Q of 1Q of (C)-(A) (C)-(B) FY March 2022 FY March 2022 FY March 2023 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 47.1 50.4 57.6 10.5 22.2 7.2 14.2 Inductive Devices 42.1 45.8 49.3 7.3 17.2 3.5 7.7 Other Passive Compone
Slide 11: Breakdown of operating profit changes
Breakdown of operating profit changes 1Q of 1Q of FY March 2022 Operating profit +13.3 billion yen FY March 2023 31.3 billion yen 44.6 billion yen (Yen billions) Exchange fluctuation (US$=Yen 129.36) +12.6 Rationalization, Benefits from restructuring SG&A expenses increase 44.6 Sales price cost redu
Slide 12: Projections for 2Q of FY March 2023
Projections for 2Q of FY March 2023 - Image of changes in sales (Yen billions) 1Q of 2Q projections Segment FY March 2023 (QoQ change) Passive Components 141.6 ±0～+3% Sensor Application Products 39.0 +3～+6% Magnetic Application Products 55.1 +12～+15% Energy Application Products 260.1 +13～+16% Other
Slide 13: Full year and dividend projections
FY March 2023 full year / dividend projections YoY change FY March 2023 FY March 2022 full year projections full year results Yen billions % (announced on May 11, 2022) (Yen billions) Net sales 1,902.1 2,200.0 297.9 15.7 Operating profit 166.8 185.0 18.2 10.9 Operating profit margin 8.8% 8.4% -0.4 p
Slide 14: Supplementary Data
Supplementary Data © TDK Corporation 2022 Performance Briefing 1Q of Fiscal Year March 2023 IR&SR Group August 1, 2022 14
Slide 15: Quarterly sales and operating profit by segment
Quarterly sales and operating profit by segment FY March 2022 FY March 2023 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 47.1 49.8 50.8 50.4 198.1 57.6 Inductive Devices 42.1 45.3 47.0 45.8 180.2 49.3 Other Passive Components 32.5 32.9 32.2 31.8 129.4 34.7 Net sales Passive Componen
Slide 16: FY March 2023 projections and forex sensitivity
FY March 2023 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 350.0 291.3 300.0 300.0 250.0 212.4 200.0 190.0 200.0 173.6 173.4 177.0 165.3 150.0 140.3 125.0 117.5 127.0 106.6 115.2 100.0 50.0 0.0 FY19/3 FY20/3 FY21/3 FY22/3 FY23/3 FY19/3 FY20/3 FY21/3
Slide 17: Financial position
Financial position March end, June end, Change (Yen billions) 2022 2022 Total assets 3,041.7 3,287.7 246.0 Total liabilities 1,737.9 1,835.2 97.3 Total equity attributable to owners of parent 1,300.3 1,448.6 148.2 Ratio of equity attributable to owners of parent 42.8% 44.1% 1.3pt Cash and cash equiv
Slide 18: Cash flows
Cash flows FY March 2022 FY March 2023 YoY (Yen billions) results through 1Q results through 1Q change Operating cash flow 3.9 (8.1) (12.0) Investing cash flow (28.6) (29.2) (0.7) Free cash flow (24.7) (37.3) (12.7) Financing cash flow 7.2 (10.4) (17.5) Effect of exchange rate changes on cash and ca
Slide 19: Quarterly sales by markets
Quarterly sales by markets (1Q of FY March 2022 – 1Q of FY March 2023) ¥420.1 bn ¥474.1 bn ¥499.7 bn ¥508.3 bn ¥510.5 bn 100% 5.2% 5.1% 5.0% 4.9% 5.6% Others 17.6% 16.8% 17.4% 18.3% 20.7% 80% 12.5% 12.0% 11.0% 9.7% 8.9% Industrial 60% Equipment ICT (HDD Heads 45.8% 49.0% 50.2% 49.9% 46.1% & Suspensi
Slide 20: Passive Components business quarterly sales by markets
Passive Components business quarterly sales by markets (1Q of FY March 2022 – 1Q of FY March 2023) ¥121.8 bn ¥128.0 bn ¥130.0 bn ¥128.0 bn ¥141.6 bn 100% 12.1% 13.0% 13.2% 13.4% 13.4% Others 80% 28.4% 29.0% 29.8% 29.8% 30.0% Industrial 60% Equipment 16.3% ICT 17.1% 16.5% 14.2% 13.8% 40% Automotive 2
Slide 21: Net sales, operating profit and R&D historical trends
(Millions of yen) Net sales & overseas sales ratio (%) Operating profit, net profit & operating profit margin (%) (Millions of yen) 2,000,000 100.0 240,000 24.0 90.5 91.4 92.1 91.1 91.1 91.8 91.9 92.1 92.2 88.7 1,800,000 90.0 Operating profit 1,902,124 208,660 Net profit (loss) 200,000 20.0 1,600,00
Slide 22: ROI, ROE, ROA, dividends and employees
(%) ROI・ROE・ROA Total Assets, total equity attributable to owners of parent & (%) (Millions of yen) 25 3,200,000 ratio of equity attributable to owners of parent 3,041,653 70.0 ROI Total assets ROE 2,800,000 ROA 19.8 Total equity attributable to owners of 60.0 20 parent 2,401,433 2,400,000 15.9 47.7
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 of performance briefing
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2023/1q_1.html