Tdk Corporation · TSE:6762

Tdk — Q1 FY March 2019 Earnings Presentation

24 slides from Tdk's earnings presentation, Jul 30, 2018

  1. Slide 1: Performance Briefing 1Q of Fiscal Year March 2019

    Performance Briefing 1Q of Fiscal Year March 2019 TDK Corporation Corporate Communications Group July 30, 2018

  2. Slide 2: Consolidated Results for 1Q of FY March 2019

    ●Consolidated Results for 1Q of FY March 2019 Tetsuji Yamanishi, Senior Vice President © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  2

  3. Slide 3: Consolidated Results for 1Q of FY March 2019

    Consolidated Results for 1Q of FY March 2019 Tetsuji Yamanishi Senior Vice President © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  3

  4. Slide 4: Key points concerning earnings for 1Q of FY March 2019

    Key points concerning earnings for 1Q of FY March 2019 ● Both net sales and operating income increased year on year ● Net sales achieved a new record on a quarterly basis ¬ Net sales rose 18.5% year on year. Operating income increased 53.0% year on year. ¬ In the Passive Components segment, TDK cont

  5. Slide 5: Consolidated results for 1Q of FY March 2019

    Consolidated results for 1Q of FY March 2019 FY March 2018 FY March 2019 Change 1Q results 1Q results (Yen billions) Yen billions % Net sales 289.5 343.1 53.6 18.5 Operating income 16.6 25.4 8.8 53.0 Operating income margin 5.7% 7.4% +1.7 pt - Income before income taxes 16.9 23.7 6.8 40.2 Net income

  6. Slide 6: 1Q results - Passive Components segment

    1Q results - Passive Components segment Net sales (Yen billions) 112.7 Net sales 112.7 billion yen (up 16.5% year on year) 96.7 Operating income 14.0 billion yen (up 35.9% year on year) ● Ceramic Capacitors ¬ Sales and operating income increased year on year against a background of strong demand. ¬

  7. Slide 7: 1Q results - Sensor Application Products segment

    1Q results - Sensor Application Products segment Net sales Net sales 18.9 billion yen (up 16.0% year on year) (Yen billions) 18.9 Operating income -4.9 billion yen (down ―% year on year) 16.3 ● Sensors ¬ Sales increased year on year. ¬ Sales of Temperature and Pressure Sensors and Magnetic Sensors i

  8. Slide 8: 1Q results - Magnetic Application Products segment

    1Q results - Magnetic Application Products segment Net sales (Yen billions) Net Sales 70.5 billion yen (up 6.2% year on year) 70.5 66.4 Operating income 3.5 billion yen (down 5.4% year on year) ● HDD Heads ¬ Both sales and operating income of HDD Heads increased year on year due to an improved produ

  9. Slide 9: 1Q results - Energy Application Products segment

    1Q results - Energy Application Products segment Net sales Net Sales 125.6 billion yen (up 31.8% year on year) (Yen billions) 125.6 Operating income 21.0 billion yen (up 55.6% year on year) 95.3 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ In the ICT market,

  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 2018 FY March 2018 FY March 2019 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 36.3 41.4 44.5 8.2 22.6 3.1 7.5 Inductive Devices 37.6 39.2 41.3 3.7 9.8 2.1 5.4 Other Passive Components

  11. Slide 11: Breakdown of operating income changes

    Breakdown of operating income changes 1Q of 1Q of FY March 2018 Operating income +8.8 billion yen FY March 2019 16.6 billion yen Benefits from SG&A expenses 25.4 billion yen Rationalization, cost reduction restructuring increase (Yen billions) (7.6) +10.5 +0.2 Exchange Sales price One-time Changes i

  12. Slide 12: Projections for 2Q of FY March 2019 - Image of changes in sales

    Projections for 2Q of FY March 2019 - Image of changes in sales (Yen billions) 2Q projections Segment 1Q of FY March 2019 (QoQ change) Passive Components 112.7 ±0% Sensor Application Products 18.9 +8～+11% Magnetic Application Products 70.5 +5～+7% Energy Application Products 125.6 +9～+12% Other 15.4

  13. Slide 13: Full year / dividend projections

    FY March 2019 full year / dividend projections FY March 2019 YoY change FY March 2018 full year projections full year results Yen billions % (announced on Apr. 27, 2018) (Yen billions) Net sales 1,271.7 1,340.0 68.3 5.4 Operating income 89.7 100.0 10.3 11.5 Operating income margin 7.1% 7.5% +0.4 pt

  14. Slide 14: Supplementary Data

    Supplementary Data © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  14

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

    Quarterly sales and operating income by segment FY March 2018 FY March 2019 (Yen billions) 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Capacitors 36.3 39.2 40.1 41.4 157.0 44.5 Inductive Devices 37.6 40.5 40.3 39.2 157.5 41.3 Other Passive Components 22.8 26.2 28.9 25.3 103.2 26.9 96.7 105.8 109.3 105.9 417

  16. Slide 16: FY March 2019 projections and forex sensitivity

    FY March 2019 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 250 210.0 200 178.6 160.7 167.6 150 102.5 110.0 102.6 110.0 100 87.5 92.2 84.9 91.3 80.2 83.2 70.6 50 0 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY15/3 FY16/3 FY17/3 FY18/3 FY19/3 FY15/3 FY16/3 FY1

  17. Slide 17: Financial position

    Financial position March End, June End, Change (Yen billions) 2018 2018 Total asset 1,905.2 1,969.6 64.4 Total liability 1,074.0 1,127.8 53.8 Stockholders's equity 824.6 834.9 10.3 (comprehensive income) (119.5) (113.5) 6.0 Stockholders's equity ratio 43.3% 42.4% -0.9pt Cash and cash equivalents 323

  18. Slide 18: Cash flows

    Cash flows FY March 2018 FY March 2019 YoY Results through 1Q Results through 1Q change (Yen billions) Operating cash flow (19.6) (36.3) (16.7) Investing cash flow (176.3) (23.5) 152.8 Free cash flow (195.9) (59.8) 136.1 Financing cash flow 168.3 26.0 (142.3) Effect of exchange rate changes on cash

  19. Slide 19: Quarterly sales by applications

    Quarterly sales by applications (1Q of FY March 2018 – 1Q of FY March 2019) © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  19

  20. Slide 20: Passive Components business quarterly sales by applications

    Passive Components business quarterly sales by applications (1Q of FY March 2018 – 1Q of FY March 2019) © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  20

  21. Slide 21: Performance Briefing 1Q of Fiscal Year March 2019

    © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  21

  22. Slide 22: Performance Briefing 1Q of Fiscal Year March 2019

    © TDK Corporation  2018 Performance Briefing 1Q of Fiscal Year March 2019 Corporate Communications Group  July 30, 2018  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 will be uploaded on following site

    Text data including Q&A of performance briefing will be uploaded on following site. http://www.global.tdk.com/ir/ir_events/conference/2019/1q_1.htm

TDK — Q1 FY March 2019 Earnings Presentation on 6ix