Tdk Corp S/Adr (TTDKY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

We would like to start the performance briefing of TDK Corporation for the first half of fiscal year ending March 2026. Thank you for your participation despite your busy schedules. First, let me introduce the participants. President and CEO, Noboru Saito. Senior Executive Vice President and CFO, Tetsuji Yamanishi. Executive Vice President, Shigeki Sato. Corporate Officer Fumio Sashida. Corporate Officer Takao Tsutsui. Those are the participants for today's meeting. We will explain the results for the first half for fiscal year ending March 2026, as well as the outlook for the full year, to be followed by a Q&A session. Overall, this will be a 75-minute meeting. The slide decks we are using today will be posted on our website on a later day, both in Japanese and English. Now let's start. This is Yamanishi speaking. Thank you very much for taking the time to join TDK's performance briefing for the first half of fiscal year ending March 2026. Let me begin. with an overview of our consolidated results. First, key points of the first half results, starting with an overview of the market environment. In the electronics market, which has a significant impact on our business, ICT-related production remained steady year on year. Demand for near-line HDDs for data centers also stayed firm. and in the industrial equipment market, demand related to renewable energy remained solid. On the other hand, demand for BEVs continued to stagnate, resulting in component demand that fell short of our initial expectations. Under these circumstances, The three business segments, namely sensor application, magnetic application, and energy application products, benefited from solid demand in the ICT and industrial equipment markets, as well as tariff-related front-loaded demands. As a result,...