TDK Corporation · TSE:6762

TDK — Q3 FY March 2016 Earnings Presentation

23 slides from TDK's earnings presentation, Jan 29, 2016

  1. Slide 1: Performance Briefing 3Q of Fiscal Year March, 2016

    Performance Briefing 3Q of Fiscal Year March, 2016 TDK Corporation January 29, 2016 Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 -1-

  2. Slide 2: Consolidated Results for 3Q and Full Year Projections

    ◆Consolidated Results for 3Q of FY March 2016 Consolidated Full Year Projections for FY March 2016 Tetsuji Yamanishi, Corporate Officer Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 -2-

  3. Slide 3: Consolidated Results for 3Q of FY March 2016 and Full Year Projections

    Consolidated Results for 3Q of FY March 2016 Consolidated Full Year Projections for FY March 2016 Tetsuji Yamanishi Corporate Officer Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 -3-

  4. Slide 4: Key points concerning earnings for 3Q of FY March 2016

    Key points concerning earnings for 3Q of FY March 2016 ◆Net sales and operating income achieved historical highs for both the third quarter and the nine-month period. The third-quarter operating income margin was 10% on a companywide basis. ◆Operating income of passive components and film applicatio

  5. Slide 5: Consolidated Results for 3Q of FY March 2016

    Consolidated Results for 3Q of FY March 2016 FY March 2015 FY March 2016 Change 3Q Results 3Q Results (Yen billions） Yen billions % Net Sales 300.4 301.7 1.3 0.4 Operating Income 25.2 30.3 5.1 20.2 Operating Income Margin 8.4% 10.0% +1.6pt - Income before Income Taxes 22.2 29.9 7.7 34.7 Net Income 1

  6. Slide 6: 3Q Results - Passive Components Segment

    3Q Results - Passive Components Segment Net Sales (Yen billions) Net Sales 141.5 billion yen (down 1.2% year on year) 143.2 141.5 Operating Income 17.5 billion yen (up 53.5% year on year) ◆ Ceramic Capacitors ・Sales were level year on year with strong sales to the automotive market offset by a decli

  7. Slide 7: 3Q Results - Magnetic Application Segment

    3Q Results - Magnetic Application Segment Net Sales (Yen billions) Net Sales 81.8 billion yen (down 18.5% year on year) 100.4 Operating income 4.7 billion yen (down 39.0% year on year) 81.8 ◆ Recording Devices (HDD Heads) ・ Shipment volume declined significantly year on year. ◆ Magnets ・ Sales for t

  8. Slide 8: 3Q Results - Film Application Segment

    3Q Results - Film Application Segment Net Sales (Yen billions) 68.5 Net sales 68.5 billion yen (up 44.5% year on year) Operating income 14.6 billion yen (up 52.1% year on year) 47.4 ◆ Energy Devices (Rechargeable Batteries) ・ Sales and profits increased year on year. ・ Increased share among major cu

  9. Slide 9: Breakdown of Operating Income Changes (3Q)

    Breakdown of Operating Income Changes (3Q) Operating Income + 5.1 billion yen (Yen billions) Sales price Changes in sales Reduction +15.1 -21.3 SG&A expenses increase Benefits from -3.6 Rationalization, Restructuring (including impairment cost reduction +0.7 +5.3) +10.1 30.3 Exchange 25.2 fluctuatio

  10. 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 2015 FY March 2016 FY March 2016 (A) (B) (C) Yen billions % Yen billions % (Yen billions) Capacitors 37.5 39.5 36.4 (1.1) -2.9 (3.1) -7.8 Inductive Devices 38.1 38.6 37.4 (0.7) -1.8 (1.2) -3.1 Other Passive

  11. Slide 11: Consolidated Results through 3Q of FY March 2016

    Consolidated Results through 3Q of FY March 2016 FY March 2015 FY March 2016 Change (Yen billions） Results through 3Q Results through 3Q Yen billions % Net Sales 802.7 889.3 86.6 10.8 Operating Income 53.1 75.9 22.8 42.9 Operating Income Margin 6.6% 8.5% +1.9 pt - Income before Income Taxes 49.6 73.

  12. Slide 12: FY March 2016 Full Year Projections

    FY March 2016 Full Year Projections TDK keeps initial projections (announced on April 28) unchanged. YoY Change FY March 2015 FY March 2016 Full Year Results Full Year Projections Yen billions % (Yen billions） Net sales 1,082.6 1,180.0 97.4 9.0% Operating income 72.5 95.0 22.5 31.0% Operating income

  13. Slide 13: Projections - Capex, Depreciation, R&D

    FY March 2015 Projections -Capex, Depreciation, R&D- Capital expenditure Depreciation R&D (Yen billions) 160 150.0 140 130.0 120 102.5 100 90.0 85.6 82.9 86.0 85.0 77.4 80.2 77.0 80 70.6 68.6 63.4 60 53.5 40 20 0 3/13 3/14 3/15 3/16 3/16 3/13 3/14 3/15 3/16 3/16 3/13 3/14 3/15 3/16 3/16 Initial Proj

  14. Slide 14: Supplementary Data

    Supplementary Data Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 - 14 -

  15. Slide 15: Quarterly sales and operating income by segment

    Quarterly sales and operating income by segment FY March 2015 FY March 2016 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 36.5 37.3 37.5 37.6 149.0 39.1 39.5 36.4 Inductive Devices 35.7 37.1 38.1 36.4 147.3 37.9 38.6 37.4 Other Passive Components 49.7 55.5 67.6 62.8 235.8 70.8 72.1 6

  16. Slide 16: Financial Position

    Financial Position March End, September End, Deceember End, Change from (Yen billions） 2015 2015 2015 Sep End, 2015 Total Asset 1,404.3 1,445.1 1,513.8 68.7 Total Liability 646.3 701.5 755.4 53.9 Stockholders's Equity 738.9 735.7 750.3 14.6 (comprehensive income) (5.9) (15.8) (18.8) (3.0) Stockholde

  17. Slide 17: Cash Flows

    Cash Flows FY March 2015 FY March 2016 YoY Results through 3Q Results through 3Q Change (Yen billions） Operating Cash Flow 89.3 117.5 28.2 Investing Cash Flow (93.1) (103.4) (10.3) Free Cash Flow (3.8) 14.1 17.9 Financing Cash Flow (19.7) 46.2 65.9 Effect of exchange rate chagens on cash and cash eq

  18. Slide 18: Quarterly sales by applications

    Quarterly sales by applications (1Q of FY March 2015 –3Q of FY March 2016) Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 - 18 -

  19. Slide 19: Passive Components Business quarterly sales by applications

    Passive Components Business quarterly sales by applications (1Q of FY March 2015 –3Q of FY March 2016) Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 - 19 -

  20. Slide 20: Copyright © 2016 TDK Corporation. All rights reserved. Performance Briefing 3Q of Fiscal Year

    2006/3 : FY March 2006 Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 - 20 -

  21. Slide 21: Copyright © 2016 TDK Corporation. All rights reserved. Performance Briefing 3Q of Fiscal Year

    2006/3 : FY March 2006 Performance Briefing Copyright© 2016 TDK Corporation. All rights reserved. 3Q of Fiscal Year March, 2016 January 29, 2016 - 21 -

  22. Slide 22: 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

  23. Slide 23: Text data including Q&A will be uploaded online

    Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_events/conference/2016/3q_1.htm

TDK — Q3 FY March 2016 Earnings Presentation on 6ix