Tdk Corp S/Adr (TTDKY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

As the time has come, I would like to start the first quarter performance briefing of fiscal year March 2026 for GDK. Thank you very much for participating despite your busy schedule. Please allow me to introduce the participants. Senior Executive Vice President CFO Tetsuji Yamanishi. Executive Vice President, Shigeki Sato. Corporate Officer, Fumio Sashida. Corporate Officer, Takao Tsutsui. These are the participants. Today, we'd like to give you the highlights of the first quarter of the fiscal year March 2026 results and give you the projections for the full year. After that, we'll go to Q&A. Overall, this will be a 60-minute meeting. The presentation they're going to use today is posted on our website, both for Japanese and English. So let's start. Hello, my name is Yamanishi. Thank you very much for taking time out of your busy schedules to attend our financial results briefing for the first quarter of the fiscal year ending March 2026. I will now explain the summary of our consolidated financial results. Regarding Q1 FY March 2026 key points, Due to intensifying trade frictions, increasing uncertainty over tariff policies and heightened geopolitical risks in the Middle East, the global economy remained in an extremely unstable situation. Exchange rates showed a significant yen appreciation year-on-year, mainly against the US dollar and the euro. In the electronics market, which affects our business performance, production of smartphones among ICT-related products remained steady compared with the same period of the previous year. Demand for near-line HDDs for data centers also continued to be firm. On the other hand, in the industrial equipment market, overall capital investment demand remained sluggish. and in the automotive market, the slowdown in demand for B...