Tdk Corp S/Adr (TTDKY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

We would like to start TDK Corporation's third quarter financial results briefing for the fiscal year ending in March 2026. Thank you for being here despite your busy schedules. Let me introduce the participants. Senior Executive Vice President, CFO, Yamanishi Tetsuji. Executive Vice President, Sato Shigeki. Corporate Officer, Sashida Fumio. Corporate Officer Tsutsui Takao. That's all the participants from the company side. We will first cover financial results for the third quarter of the fiscal year ending March 2026 and the full year forecasts before moving on to Q&A. The entire session is about 60 minutes. The handout materials used during the briefing are available on the company's website, both in Japanese and English. Now, Mr. Yamanishi, the floor is yours. This is Yamanishi speaking. Thank you very much for joining TDK's earnings call for the third quarter of fiscal year ending March 2026. I will now begin with a summary of consolidated results. First of all, these are key points for the nine-month period from April to December. In the electronics markets that drive our results, ICT-related production remained solid year on year, and near-line HDD demand for data centers stayed strong. In contrast, in the automotive market, battery EV demand remained weak and automotive parts demand was below our initial assumptions. In this environment, solid component demand in the ICT and the industrial equipment markets drove year-on-year revenue growth across all segments for the nine-month period. Overall, net sales rose 11.3% and the operating profit increased 10.4%, both reaching record highs for the nine-month period. Next, I will provide more details on the nine-month results. Including FX impacts, approximately a 29.4 billion yen tailwind to net sales and a 9.3 bil...