Performance Briefings
First Half of
Fiscal Year March, 2014
TDK Corporation
October 31, 2013
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-1-
◆Consolidated First Half Results of FY March, 2014
Consolidated Full Year Projections of FY March, 2014
Takehiro Kamigama, President and CEO
◆Consolidated 2Q Results of FY March, 2014
Takakazu Momozuka, Corporate Officer
◆Magnetic Application Products Business and
Film Application Products Business
Atsuo Kobayashi, Executive Vice President
◆Passive Components Business
Hiroyuki Uemura, Executive Vice President
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-2-
Consolidated First Half Results
of FY March, 2014
Consolidated Full Year Projections of
FY March, 2014
Takehiro Kamigama
President and CEO
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-3-
Consolidated First Half Results of FY March, 2014
(Yen billions）
Net Sales
FY March 2013
Results through 2Q
FY March 2014
Results through 2Q
(2012.4.1-2012.9.30)
(2013.4.1-2013.9.30)
16.8
(3.5)
-17.2
4.9%
3.5%
(1.4pt)
18.4
17.7
(0.7)
-3.8
9.7
6.4
(3.3)
-34.0
77.25
50.90
-
20.3
Income before Income Taxes
Net Income
US$ (JPY)
EURO (JPY)
Ex-rate impact to
Net sales & Operating Income
%
17.6
484.7
Operating Income Margin
Ex-rate
Yen billions
72.7
412.0
Operating Income
Earning Per Share (JPY)
Change
79.46
100.72
98.88
130.04
-
-
Deppreciated by 24.4%
Deppreciated by 29.1%
Net sales：Increased by about 83 billion Yen
Operating income：Increased by about 13 billion Yen
Note: In accordance with the FASB Accounting Standards Codification ("ASC") No.205-20, "Presentation of
Financial Statements - Discontinued Operations", operating results relating to the data tape business are
separately presented as discontinued operations in quarterly consolidated statements of income for FY2014.
Also reclassifications are made to quarterly consolidated statements of income for FY2013 to conform to the
presentation used for FY 2014.
※Discontinued operation (Display business) were deducted in above results
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-4-
Basic Strategy
◆FY March 2013: Completed restructuring centered on passive components
◆FY March 2014: Optimize business portfolio and production bases
Expect to complete large-scale restructuring during FY March 2014
◆Basic Policy for Each Business Segment
Passive
Components
TDK has positioned this business as the center of
its growth strategy and aims to revitalize it
as a pillar of profit of the company
Magnetic
Application
Products
Utilize position as an exclusive HDD head
specialized manufacturer to create a stable
business
(Recording Device)
Film Application
Products
(Rechargeable Batteries)
Copyright© 2013 TDK Corporation. All rights reserved.
Move to the next growth stage on demand and
business domain expansion
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-5-
Operating results
(Yen billions)
Sales (Right)
OP (Left)
(Yen billions)
25
250
20
200
15
150
Earthquake
10
Thai Flooding
100
5
Lehman shock
50
0
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Ｑ
２Ｑ
3Q
0
-5
09/3
10/3
11/3
12/3
13/3
14/3
-60.0
Restructuring
Restructuring
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-6-
FY March 2014 1H Segment Highlights
◆Passive Components
Brackets show year-on-year change
: Net sales 236.4 billion yen (up 29.8%), operating income 9.0 billion yen (compared with
5.4 billion yen operating loss in FY March 2013 1H)
-Ceramic capacitors returned to profitability
-High-frequency components were profitable on a single-month basis in September
-Expanded VCM and OIS sales for smartphone cameras
◆Magnetic Application Products: Net sales 179.1 billion yen (up 4.3%), operating income 12.4 billion yen (down 55.2%)
-Recording devices (HDD heads) generated operating income within expectations,
despite a year-on-year drop in shipments
-Magnet operating income declined from FY March 2013 1H when TDK recorded
an insurance payout related to flooding in Thailand
◆Film Application Products:Net sales 60.1 billion yen (up 26.9%), operating income 5.1 billion yen (down 27.4%)
-Rechargeable battery sales remained strong to smartphones and tablet devices
-Continued R&D for expanding rechargeable battery customer base and business
domains
-Exiting non-core data tape business (*)
-Withdrawing from Blu-ray Disc business in FY March 2014 as planned
*LTO tape business for data centers
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-7-
Full Year Projections of FY March 2014
(Yen billions）
FY March 2013
Full Year Results
FY March 2014
Full Year Projections
Change
%
Yen billions
844.2
930.0
85.8
10.2
21.7
30.0
8.3
38.2
2.6%
3.2%
0.6pt
-
19.2
28.0
8.8
45.8
Net Income
1.2
13.0
11.8
983.3
Earning Per Share (JPY)
9.50
103.34
-
-
Net Sales
Operating Income
Operating Income Margin
Income before income taxes
●No change in full year projections for FY March 2014 compared with that of April 26, 2013
●Average yen exchange rates forecast from 3Q of FY March 2014 onward
US$: ¥90 (same as previous assumption)
EURO: ¥118 (same as previous assumption)
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-8-
Dividends Forecast of FY March 2014
TDK keeps initial dividends forecast (on April 26) unchanged.
Dividend forecast per a common share
Interim dividend
30 yen
Year-end dividend 40 yen (forecast)
Annual dividend
Copyright© 2013 TDK Corporation. All rights reserved.
70 yen (forecast)
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-9-
Consolidated 2Q Results
of FY March, 2014
Takakazu Momozuka
Corporate Officer
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 10 -
Consolidated 2Q Results of FY March, 2014
(Yen billions）
FY March 2013
2Q Results
FY March 2014
2Q Results
(2012.7.1-2012.9.30)
(2013.7.1-2013.9.30)
Net Sales
Operating Income
Change
Yen billions
%
205.0
249.8
44.8
21.9
11.1
12.4
1.3
11.7
5.4%
Operating Income Margin
-
(0.4pt)
5.0%
Income from Continuing
Operations before Income Taxes
9.5
12.7
3.2
33.7
Income from continuing
Operations
6.5
9.2
2.7
41.5
Loss from discontinued
operations
-0.1
-3.2
(3.1)
-
Net income (loss) attributable to
noncontrolling interests
1.2
-0.1
(1.3)
-
Net Income
5.3
6.0
0.7
Earning Per Share (JPY)
41.74
47.95
US$ (JPY)
78.67
98.28
99.02
131.11
EURO (JPY)
Ex-rate impact to Net sales &
Operating Income
13.2
-
-
Deppreciated by 25.9%
Deppreciated by 33.4%
Net sales：Increased by about 43.2 billion Yen
Operating income：Increased by about 7.2 billion Yen
Note: Data tape business is presented as discontinued operation in above results
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 11 -
Breakdown of Operating Income Changes (2Q)
(Yen billions)
Operating income : +1.3
Changes in sales
+1.9
Rationalization,
cost reduction
+4.4
Sales price
Reduction
-10.2
11.1
Benefits from
Restructuring
+1.8
SG&A expenses
decrease
(including
restructuring
cost decrease
by 1.6) +1.4
Proceed from
insurance
of Thai flooding
-5.2
12.4
Exchange
fluctuation
（US$=Yen 99.02)
+7.2
FY March 2014
2Q
FY March 2013
2Q
※Discontinued operation (Data tape business) were deducted in above results
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 12 -
Restructuring Progress
■FY March 2014 Planned Restructuring
Promote business
portfolio review
◇Exit non-core businesses
・Withdraw from LTO business
(Planning to end production in 2H and exit)
・Withdraw from Blu-ray Disc business
(Planned for 2H)
Optimize
production bases
◇Further integrate bases worldwide
(Planned for 2H)
(Targeting bases not already announced
for integration)
■Restructuring costs
Incurred approx. 3.7 billion yen in 1H of planned 10.0 billion yen restructuring costs
for FY March 2014 (announced end of April)
■Expected benefits
Still projecting benefits announced at the end of April of approx. 8.0 billion yen in
FY March 2015
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 13 -
Segment Information
YoY Change
（Ｃ）－（Ａ）
QoQ Change
（Ｃ）－（Ｂ）
2Q of FY 2013
Jul 1- Sep 30, 2012
（Ａ）
1Q of FY 2014
Apr 1- Jun 30, 2013
（B）
2Q of FY 2014
Jul 1- Sep 30, 2013
（C）
Yen billions
Capacitor
29.2
33.7
35.1
5.9
20.2
1.4
4.2
Inductive Device
29.6
35.0
35.5
5.9
19.9
0.5
1.4
Other Passive Comp
31.7
48.3
48.8
17.1
53.9
0.5
1.0
90.6
117.0
119.4
28.8
31.8
2.4
2.1
55.8
27.6
60.2
26.0
66.3
10.5
18.8
6.1
10.1
26.6
(1.0)
-3.6
0.6
2.3
83.4
25.8
86.2
27.0
92.9
33.1
9.5
11.4
6.7
7.8
7.3
28.3
6.1
22.6
5.2
205.0
4.7
234.9
4.4
249.8
(0.8)
-15.4
(0.3)
-6.4
44.8
21.9
14.9
6.3
(2.5)
2.8
6.2
8.7
-
3.4
121.4
13.2
4.6
(5.4)
-40.9
3.2
69.6
2.0
(0.8)
(1.8)
-36.0
1.2
60.0
Other
5.0
(0.5)
7.8
3.2
(0.8)
(0.3)
-
0.0
-
8.6
(4.2)
16.4
(4.0)
1.2
7.9
7.8
90.7
Corporate and Eliminations
15.2
(4.1)
0.1
-
0.2
-
11.1
4.4
12.4
1.3
11.7
8.0
181.8
(Yen billions)
Net Sales
Passive Components
Recording Divices
Other Magnetic Application Products
Magnetic Application Products
Film Application Products
Other
Total
Passive Components
Operating Income
Magnetic Application Products
Film Application Products
Sub total
Total
Operating Income margin
Ex- US$
rate
EURO
Copyright© 2013 TDK Corporation. All rights reserved.
5.4%
1.9%
5.0%
Yen 78.67
Yen 98.74
Yen 99.02
Yen 98.28
Yen 128.96
Yen 131.11
-0.4pt
%
Yen billions
-
+3.1pt
%
-
※Discontinued operation (Data tape business)
were deducted in above results
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 14 -
Financial Position
（Yen billions）
March End,
2013
June End,
2013
Sep End,
2013
Change
1,169.6
1,224.0
1,220.7
Total Liability
589.0
615.0
617.2
2.2
Stockholders's Equity
561.2
588.7
588.6
(0.1)
(comprehensive income)
(159.0)
(127.0)
(126.1)
0.9
Stockholders's Equity ratio
48.0%
48.1%
48.2%
Cash and Cash equivalents(*1)
223.5
244.8
242.5
(2.3)
Interest-bearing Debt(*2)
295.6
304.4
294.5
(9.9)
Net Cash(*3)
(72.1)
(59.6)
(52.0)
7.6
Total Asset
(3.3)
+0.1pt
*1: Cash and Cash equivalents + Short-term investments
*2: Short-term debt + Current installments of long-term debt + Long-term debt, excluding current installments
*3: Cash and Cash equivalents - Interest-bearing Debt
FY March 2013
Results through 2Q
FY March 2014
Results through 2Q
Capital Expenditures
44.0
29.3
(14.7)
Depreciation and amotization
36.1
41.2
5.1
（Yen billions）
Copyright© 2013 TDK Corporation. All rights reserved.
Change
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 15 -
Magnetic Application Products Business
Film Application Products Business
Atsuo Kobayashi
Executive Vice President
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 16 -
Magnetic Application Products Business
Recording Device
●HDD market
FY March 2013 : About 570 million units (TDK’s estimation）
FY March 2014 : About 540 million units (TDK’s forecast, increased by 10 million
units from the forecast in July)
●Shipment index
Recording Device Sales (Left, including HDD Head (HGA) and HDD Suspention)
HDD Head Shipment Index (Right)
(Yen billions)
60
40
59.9
55.8
100
90
20
60.2
66.3
Projection
98
0
Forex
$/¥
57.6
60.2
(shipment index)
71
74
81
81
1Q
2Q
3Q
4Q
1Q
2Q
3Q
80.27
78.67
81.17
92.20
98.74
90.02
90.00
FY March 2013
Copyright© 2013 TDK Corporation. All rights reserved.
120
110
100
90
80
70
60
50
FY March 2014
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 17 -
Magnetic Application Products Business
HDD Market Projections by Application (Configuration)
Data
Center
PC
・Expect HDD numbers to be flat for next 2 to
3 years
・Change in applications within the HDD market
→PC market is shrinking, while data center
market is expanding
・HDDs used in data centers use many HDD
heads (8 to 10)
*HDDs for PCs use 1 to 4 HDD heads
HDD Head Market Shipment Projections
Data
Center
The number of heads
used per HDD is
expected to increase
PC
(TDK estimates as of October 2013)
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 18 -
Magnetic Application Products Business
Other Magnetic Application Products
●Magnet
・Market slow to recover (for HDDs and industrial equipment)
・Consolidated overseas production sites from 4Q to 1Q (Europe JV sites, China contract sites)
・Incurred one-time expenses associated with site consolidation in 1Q
・Expected earnings recovery could fall behind due to delay in launching consolidated site
in China in 2Q
¾Expand sales of rare earth-free magnets
Dy-free neodymium magnets
Rare earth-free high-performance ferrite magnets
¾Improve profitability by improving productivity
Integrate production in China of wet-molded ferrite magnets
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 19 -
Film Application Products Business
Film Application Products
●Energy Devices (Rechargeable Batteries)
◇Business environment
polymer batteries)
(Lithium
セラミック
9Lithium batteries account for 25-30% of market
コンデンサ
9Annual shipment growth rate above 20%
LiB Market Projections by Product type(Configuration)
(Battery cell q'ty for Consumer market)
100%
80%
60%
40%
20%
0%
Rapid increase in lithium polymer battery
share for mobile and IT devices
CY11
CY12
CY13
Laminated
Prism
CY14
CY15
CY16
Cylindrical
◇Medium- to long-term direction
9Respond flexibly to market changes and demands by strengthening business base
with a vertically integrated business model
9Expand business domains
- Batteries for eco-cars
- Batteries for storage batteries
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 20 -
Passive Components Business
Hiroyuki Uemura
Executive Vice President
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 21 -
Passive Components Business
Quarterly Performance of Passive Components Business
(Yen billions)
OP (Left)
10
(Yen billions)
Sales (Right)
125
7.5
5
100
2.5
0
75
１Q
２Q
３Q
４Q
１Q
２Q
３Q
４Q
１Q
２Q
-2.5
・Consolidated
production sites
-5
・Reviewed unprofitable products
・Reviewed production outsourcing
-7.5
・Divested idle assets
・Recognized impairment losses on
-10
facilities,
etc.
Implemented restructuring actions
50
Returned to
profitability from 1Q
25
-12.5
-15
為替レート
$/¥
0
81.74
77.96
77.35
2012/3
Copyright© 2013 TDK Corporation. All rights reserved.
79.27
80.27
78.67
81.17
92.20
2013/3
Performance Briefings First Half of Fiscal Year March, 2014
98.74
99.02
2014/3
Oct 31, 2013
- 22 -
Passive Components
●Measures to Further Improve Profitability
◆Ceramic capacitors
－Continue to bolster products for auto market
◆Inductive devices
－Flexibly respond to customer requests with a full lineup of thin film, wire-wound coil and
multi-layered products
◆High-frequency components
－Aim to expand healthy SAW (discrete products) sales further by increasing production
－Continue design-in activities for modular products
－Step up reference activities to IC manufacturers
◆Piezoelectric material products (VCM, OIS)
－Orders strong for use in smartphones in China; secure steady orders for optical image
stabilizers (OIS), which are expected to be adopted going forward.
◆Productivity improvements
－Optimize ceramic capacitor production lines
(Improve productivity further following site consolidation, launch integrated production line
from materials to products)
－Continue to improve production processes for high-frequency components
(Dispatch head business process engineers)
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 23 -
Supplementary Data
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 24 -
FY March 2014 Projections –Capex, Depreciation, R&DTDK keeps initial projections (April. 26) unchanged.
(Yen billions)
Capital expenditure
Depreciation
R&D
120
99.7
100
80
85.6
78.6
73.0
77.3
79.9
77.9
84.0
60
52.6
52.6
53.9
11/3
12/3
13/3
57.0
40
20
0
11/3
12/3
13/3
14/3
Projections
Copyright© 2013 TDK Corporation. All rights reserved.
11/3
12/3
13/3
14/3
Projections
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
14/3
Projections
- 25 -
Quarterly sales and operating income by segment
FY March 2014
FY March 2013
Yen billions
1Q
2Q
3Q
4Q
Net Sales
Capacitors
31.4
29.2
26.6
30.7
Total
118.0
Inductive Devices
28.2
29.6
30.6
31.2
Other Passive Components
31.8
31.7
36.0
91.5
90.6
Recording Devices
59.9
Other Magnetic Application Products
1Q
2Q
33.7
35.1
119.6
35.0
35.5
42.5
142.1
48.3
48.8
93.1
104.4
379.6
117.0
119.4
55.8
60.2
57.6
233.5
60.2
66.3
28.3
27.6
24.0
24.5
104.4
26.0
26.6
Magnetic Application Products
88.2
83.4
84.2
82.1
337.9
86.2
92.9
Film Application Products
21.6
25.8
30.9
26.9
105.2
27.0
33.1
5.8
5.2
5.0
5.4
21.4
4.7
4.4
207.0
205.0
213.3
218.8
844.1
234.9
249.8
Passive Components
Other
Total
Operating Income
Passive Components
(2.9)
(2.5)
(1.8)
(3.9)
(11.1)
2.8
6.2
Magnetic Application Products
14.6
13.2
7.5
1.8
37.1
4.6
7.8
Film Application Products
2.1
5.0
3.6
1.8
12.5
2.0
3.2
(0.4)
(0.5)
(0.6)
(0.3)
(1.8)
(0.8)
(0.8)
13.3
15.2
8.8
(0.6)
36.7
8.6
16.4
(4.2)
(4.1)
(3.7)
(3.0)
(15.0)
(4.2)
(4.0)
5.0
(3.6)
21.7
4.4
Other
Sub-total
Corporate and Eliminations
Total
Ex-rate
￥/USD
￥/EURO
9.2
11.1
4Q
Total
12.4
80.27
78.67
81.17
92.20
83.03
98.74
99.02
103.18
98.28
105.28
121.74
107.05
128.96
131.11
Copyright© 2013 TDK Corporation. All rights reserved.
3Q
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 26 -
Breakdown of Operating Income Changes (First half)
(Yen billions)
20.3
Benefits from
Restructuring
+4.2
Operating income : -3.5
Changes in sales
-2.6
Rationalization,
cost reduction
+6.9
Sales price
Reduction
-18.1
Proceed from
insurance
of Thai flooding
-5.4
SG&A expenses
decrease
(including
restructuring
cost decrease
by 1.1) +0.1
16.8
Exchange
Rare earth
fluctuation
material price
（US$=Yen 98.88) Fluctuation
+13.0
-1.6
FY March 2014
First Half
FY March 2013
First Half
※Discontinued operation (Display business) were deducted in above results
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 27 -
Cash Flow
FY March 2013
First Half
(Yen billions）
Results
FY March 2014
First Half
Results
Remarks
Increased 13.6 billion yen
Operating
Cash Flow
43.7
57.3
<Main increase factor>
Increase in trade payables: 7.2 billion yen
Increase in depreciation: 5.1billion yen
Decrease in inventory: 6.3 billion yen
<Main decrease factor>
Decrease in net income: 4.5 billion yen
Decreased 27.3 billion yen
<Main increase factor>
・Increase in purchase of short-term investments: 3.3 billion yen
Investing
Cash Flow
(50.3)
Free
Cash Flow
(6.6)
decrease factor>
(23.0) <Main
・Decrease in capital expenditure: 14.7 billion yen
・Increase in proceeds from sale and maturity of short-term
investments: 9.4 billion yen
34.3
Increased 40.9 billion yen
Decreased 28.2 billion yen
<Main increase factor>
・Increase in repayment of long-term debt: 30.3 billion yen
Financing
Cash Flow
6.8
decrease factor>
(21.4) <Main
・Decrease in short-term debt: 39.0 billion yen
・Acquisition of noncontrolling interests: 14.0 billion yen
・Decrease in proceeds from long-term debt: 6.3 billion yen
Effect of exchange
rate chagens on cash
and cash equivalents
Cash and
Cash Equivalents
(9.2)
157.9
Copyright© 2013 TDK Corporation. All rights reserved.
8.8
235.4
Increased 18.0 billion yen
Increased 77.5 billion
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 28 -
Annual Sales by applications
Copyright© 2013 TDK Corporation. All rights reserved.
(FY2009/Mar – FY2013/Mar)
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 29 -
Passive Components Business Annual sales by applications
(FY2009/Mar –FY2013/Mar)
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 30 -
Quarterly sales by applications
(1Q of FY March 2013 –2Q of FY March 2014)
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 31 -
Passive Components Business quarterly sales by applications
(1Q of FY March 2013 –2Q of FY March 2014)
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 32 -
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 33 -
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 34 -
Cautionary Statements with Respect to 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 Group). These forward-looking statements are based on the current
forecasts, estimates, assumptions, plans, beliefs and evaluations of TDK Group in light of
information currently available to it, and contain known and unknown risks, uncertainties and
other factors. TDK Group therefore wishes to caution readers that, being subject to risks,
uncertainties and other factors, TDK Group’s actual results, performance, achievements or
financial position could be materially different from any future results, performance,
achievements or financial position expressed or implied by these forward-looking statements,
and TDK Group undertakes no obligation to publicly update or revise any forward-looking
statements after the issue of this material except as provided for in laws and ordinances.
The electronics markets in which TDK Group operates are highly susceptible to rapid changes.
Risks, uncertainties and other factors that can have significant effects on TDK Group include,
but are not limited to, shifts in technology, fluctuations in demand, prices, interest and foreign
exchange rates, and changes in economic environments, conditions of competition, laws and
regulations. Also, since the purpose of these materials is only to give readers a general outline
of business performance, many numerical values are shown in units of a billion yen. Because
original values, which are managed in units of a million yen, are rounded off, the totals,
differences, etc. shown in these materials may appear inaccurate. If detailed figures are
necessary, please refer to our financial statements and supplementary materials.
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 35 -
Text data including Q&A of performance briefing will be uploaded on following site
http://www.global.tdk.com/ir/ir_events/conference/2014/2q_1.htm