Tdk Corp S/Adr (TTDKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's time to start TDK Corporation's third quarter financial results briefing for fiscal year ending in March 2025. Thank you very much for being here despite your busy schedules. Let us introduce the participants. Senior Executive Vice President and CFO, Tetsuji Yamanishi. Corporate Officer, Fumio Sashida. Corporate Officer Taro Ikushima. Corporate Officer Takao Tsutsui. So that's all the participants from the TDK side. Today, we will go over financial results for Q3 of fiscal year ending March 2025 and the full year forecasts to be followed by Q&A. We are planning to have 60 minutes in total. The handout materials used during the briefing are available on the company's website, both in English and Japanese. I'm Yamanishi. Thank you very much for attending our earnings call in large numbers for the third quarter of fiscal year ending in March 2025. I am delighted to share our consolidated Q3 results as well as full year projections. Let me start with the key points of the Q3 cumulative results. During the quarter, the economic conditions remained resilient in North America and continued to slow down in Europe and China amid the rising geopolitical tensions in the Middle East, resulting in persistent instability with regional disparities. In addition, the Japanese yen continued to depreciate particularly against the U.S. dollar and euro. In the electronics market, which impacts our performance, the production volume of ICT products increased from last year, mainly driven by replacement demand as well as launch of new models. Demand for smartphones, laptops, and tablets remained strong. demand for near-lying HDDs for data centers recovered significantly. On the other hand, in the industrial equipment market, overall capital investment demand remained sluggish. In the ...