Slide 1: Performance Briefing 3Q of Fiscal Year March 2023
Performance Briefing 3Q of Fiscal Year March 2023 TDK Corporation IR&SR Group January 31, 2023
Slide 2: Consolidated Results and Full Year Projections
●Consolidated Results for 3Q of FY March 2023 Consolidated Full Year Projections for FY March 2023 Tetsuji Yamanishi, Executive Vice President © TDK Corporation 2023 Performance Briefing 3Q of Fiscal Year March 2023 IR&SR Group January 31, 2023 2
Slide 3: Consolidated Results for 3Q and Full Year Projections for FY March 2023
Consolidated Results for 3Q of FY March 2023 Consolidated Full Year Projections for FY March 2023 Tetsuji Yamanishi Executive Vice President © TDK Corporation 2023 Performance Briefing 3Q of Fiscal Year March 2023 IR&SR Group January 31, 2023 3
Slide 4: Key points concerning earnings for 3Q of FY March 2023
Key points concerning earnings for 3Q of FY March 2023 Amid sluggish final demand, both net sales and operating profit increased year on year on the back of EX-related demand mainly in automobile applications. ● Net sales increased by 17.5% year on year. Operating profit increased by 14.5% year on y
Slide 5: Consolidated results through 3Q
Consolidated results through 3Q of FY March 2023 FY March 2022 FY March 2023 Change Results through 3Q Results through 3Q Yen billions % (Yen billions) (2021.4.1～2021.12.31) (2022.4.1～2022.12.31) Net sales 1,393.9 1,709.0 315.1 22.6 Operating profit 141.3 188.7 47.4 33.5 Operating profit margin 10.1
Slide 6: Consolidated results for 3Q
Consolidated results for 3Q of FY March 2023 FY March 2022 FY March 2023 Change 3Q results 3Q results (Yen billions) Yen billions % Net sales 499.7 587.0 87.3 17.5 Operating profit 59.7 68.4 8.7 14.5 Operating profit margin 11.9% 11.6% -0.3pt - Profit before tax 61.3 68.2 6.9 11.3 Net profit 48.4 49
Slide 7: 3Q results - Passive Components segment
3Q results - Passive Components segment Net sales (Yen billions) Net sales 144.6 billion yen (up 11.2% year on year) 144.6 Operating profit 26.0 billion yen (up 15.5% year on year) 130.0 ● Ceramic Capacitors ¬ Sales and profit increased year on year. ¬ Sales increased to the automotive market, mainl
Slide 8: 3Q results - Sensor Application Products segment
3Q results - Sensor Application Products segment Net sales Net sales 45.6 billion yen (up 26.3% year on year) (Yen billions) 45.6 Operating profit 5.6 billion yen (up 77.0% year on year) 36.1 ● Sensors ¬ Both sales and profit significantly increased year on year. Operating profit margin achieved dou
Slide 9: 3Q results - Magnetic Application Products segment
3Q results - Magnetic Application Products segment Net sales (Yen billions) Net sales 47.5 billion yen (down 25.8% year on year) 64.0 Operating loss -13.9 billion yen (down ―% year on year) 47.5 ● HDD Heads and HDD Suspension Assemblies ¬ Sales and profit of HDD Heads and HDD Suspension Assemblies d
Slide 10: 3Q results - Energy Application Products segment
3Q results - Energy Application Products segment Net sales (Yen billions) Net sales 331.4 billion yen (up 29.4% year on year) 331.4 Operating profit 59.8 billion yen (up 53.4% year on year) 256.1 ● Energy Devices (Rechargeable Batteries) ¬ Sales and profit increased year on year. ¬ Production volume
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 2022 FY March 2023 FY March 2023 (Yen billions) (A) (B) (C) Yen billions % Yen billions % Capacitors 50.8 62.9 61.5 10.7 21.1 (1.4) -2.2 Inductive Devices 47.0 52.8 50.1 3.0 6.5 (2.7) -5.2 Other Passive Com
Slide 12: Breakdown of operating profit changes
Breakdown of operating profit changes 3Q of 3Q of FY March 2022 Operating profit +8.7 billion yen FY March 2023 59.7 billion yen 68.4 billion yen (Yen billions) SG&A expenses Expenses from decrease restructuring Exchange fluctuation Rationalization, Benefits from +10.7 (1.0) 68.4 Changes in sales (U
Slide 13: Full year / dividend projections
FY March 2023 full year / dividend projections FY March 2023 FY March 2023 FY March 2023 YoY change FY March 2022 full year projections full year projections full year projections full year results Yen billions % (announced on Aug. 1, 2022) (announced on Nov. 1, 2022) (announced on Jan. 31, 2023) (Y
Slide 14: Supplementary Data
Supplementary Data © TDK Corporation 2023 Performance Briefing 3Q of Fiscal Year March 2023 IR&SR Group January 31, 2023 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 62.9 61.5 Inductive Devices 42.1 45.3 47.0 45.8 180.2 49.3 52.8 50.1 Other Passive Components 32.5 32.9 32.2 31.8 129.4 34.7 37.0 3
Slide 16: FY March 2023 projections and forex sensitivity
FY March 2023 projections and forex sensitivity Expenses (Yen billions) Capital expenditure Depreciation R&D 350.0 291.3 300.0 300.0 250.0 212.4 210.0 200.0 173.6 173.4 177.0 180.0 165.3 150.0 140.3 125.0 117.5 127.0 106.6 115.2 100.0 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, September End, December End, Change from (Yen billions) 2022 2022 2022 Sep. end, 2022 Total assets 3,041.7 3,389.3 3,173.7 (215.6) Total liabilities 1,737.9 1,837.7 1,711.0 (126.7) Total equity attributable to owners of parent 1,300.3 1,547.6 1,457.8 (89.9) Ratio of equ
Slide 18: Cash flows
Cash flows FY March 2022 FY March 2023 YoY Results through 3Q Results through 3Q change (Yen billions) Operating cash flow 84.5 184.2 99.7 Investing cash flow (198.5) (177.5) 21.1 Free cash flow (114.0) 6.7 120.8 Financing cash flow 120.0 20.8 (99.2) Effect of exchange rate changes on cash and cash
Slide 19: Quarterly sales by markets
Quarterly sales by markets (1Q of FY March 2022 – 3Q of FY March 2023) ¥420.1 bn ¥474.1 bn ¥499.7 bn ¥508.3 bn ¥510.5 bn ¥611.5 bn ¥587.0 bn 100% 5.2% 5.1% 5.0% 4.9% 5.6% 4.8% 4.8% Others 17.6% 16.8% 17.4% 18.3% 20.7% 18.5% 19.6% 80% 12.5% 12.0% 11.0% 9.7% 8.9% 7.1% 6.0% Industrial 60% Equipment ICT
Slide 20: Passive Components business quarterly sales by markets
Passive Components business quarterly sales by markets (1Q of FY March 2022 – 3Q of FY March 2023) ¥121.8 bn ¥128.0 bn ¥130.0 bn ¥128.0 bn ¥141.6 bn ¥152.7 bn ¥144.6 bn 100% 12.1% 13.0% 13.2% 13.4% 13.4% 13.0% 12.1% Others 80% 28.4% 29.0% 29.8% 29.8% 30.0% 30.0% 30.1% Industrial 60% Equipment 16.3%
Slide 21: Net sales, operating profit and capital expenditures 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: Q&A text data upload information
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2023/3q_1.html