Supplementary data (PDF: 1,914KB)

Supplementary Data
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
-1-
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
-2-
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
-3-
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
-4-
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
-5-
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
-6-
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
-7-
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
-8-
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
-9-
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 10 -
Copyright© 2013 TDK Corporation. All rights reserved.
Performance Briefings First Half of Fiscal Year March, 2014
Oct 31, 2013
- 11 -
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
- 12 -
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