Slide 1: Performance briefing for fiscal year ended March 2020
Hello, I'm Tetsuji Yamanishi, Executive Vice President of TDK. Thank you for taking the time to attend TDK’s performance briefing for the fiscal year ended March 2020. I will be presenting an overview of our consolidated full year earnings. 1
Slide 2: Key points concerning earnings for fiscal year ended March 2020
First, let’s take a look at key points concerning earnings for the fiscal year ended March 2020. Impact from worsening ties between the U.S. and China intensified with each passing day heading into the end of 2019, and economic deceleration in China and the rest of the world became clear. In the fou
Slide 3: Overview of results
Moving along, I would like to present an overview of our results. The impact of the yen’s appreciation against the U.S. dollar and the euro caused net sales to contract by around 40.7 billion yen and operating income by around 3.1 billion yen. Net sales were 1,363.0 billion yen, a decrease of 18.8 b
Slide 4: Passive Components segment performance
Next, I would like to explain our business segment performance. In the Passive Components segment, net sales were 395.5 billion yen, a decrease of 8.7% year on year, and operating income was 39.1 billion yen, a decrease of 33.0%. The operating income margin was 9.9%. Weak demand in the automotive an
Slide 5: Sensor Application Products segment
In the Sensor Application Products segment, we aimed to expand sales as a growth strategy business, but overall sales only increased 1.8% year on year and losses widened. The segment’s products were sharply divided into two groups. Products that were significantly affected by the economy and saw sal
Slide 6: Magnetic Application Products segment
In the Magnetic Application Products segment, net sales declined 19.5% year on year to 219.7 billion yen, and operating income decreased substantially to 0.4 billion yen. For HDD Heads and HDD Suspension Assemblies, overall sales declined about 18% and profit decreased as less total HDD demand led t
Slide 7: Energy Application Products segment
In the Energy Application Products segment, net sales rose 11.2% year on year to 597.7 billion yen, and operating income surged 36.4% to 124.1 billion yen. Profitability also improved dramatically, with the operating income margin at 20.8%. In Rechargeable Batteries, sales increased about 15% year o
Slide 8: Breakdown of the change in operating income
Next is the breakdown of the change in operating income. Let’s take a look at the main factors behind the 9.9 billion yen decrease in operating income. First, there was an increase in profits of about 11.5 billion yen due to sales volume growth, despite including negative impact of about 12.0 billio
Slide 9: Segment net sales changes from third to fourth quarter
Next, I would like to explain the factors behind the changes in segment net sales and operating income from the third quarter to the fourth quarter of the fiscal year ended March 2020. Let’s begin with net sales in the Passive Components segment. Net sales in this segment decreased by 1.3% from the
Slide 10: Cautionary statements with respect to forward-looking statements
Cautionary statements with respect to attracting tomorow 8 TDIK 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 Grou
Slide 11: Text data including Q&A to be uploaded
TDIK Text data including Q&A of performance briefing will be uploaded on following site. https:/www.tdk.com/corp/en/ir/ir_events/conference/2020/4q_1.htm